Comprehensive - This coverage pays for loss or damage to the insured vehicle that doesn't occur in an auto accident. The types of damages comprehensive insurance covers include loss caused by fire, wind, hail, flood, vandalism or theft. Medical Coverage - Pays medical expenses regardless of fau...
this amount may not be the same as their original price. This term is often used in connection with home loss due to flood, fire or other disasters. In order for the insurance company to determine how much needs to
Of the three coverage parts, choosing a limit for the increased cost of construction may be the most difficult to calculate. Several paragraphs within this series have touched on the difference between the true meaning of replacement cost within the insurance contract and the insured's understan...
This back-to-basics guide will help you understand what turnover is, when you might use it and how to calculate it. All in just 3 minutes. What is turnover? The Companies Act 2006 defines turnover as: the amounts derived from the provision of goods and services falling within the compa...
10. Is the property in a flood zone? Nobody wants their land underwater. When properties are situated in a flood zone, the cost of flood insurance can be sky-high. This added cost of property ownership can dampen any plans to build or improve the property. ...
Put the receipts for all vehicle-related expenses, including vehicle maintenance, repair, insurance, gas and tolls, in a file folder. This not only makes it easy to calculate accurate vehicle expenses when you are doing your taxes, but it also serves as a printed record if you are audited ...
Wondering how we determine the amount you'll pay into escrow? You've come to the right place! Here's how we do it. When you close on your mortgage, your escrow account is set up, and we calculate three things for it: property taxes, insurance premiums for your home, and the minimum...
Urbanization and climate change are contributing to severe flooding globally, damaging infrastructure, disrupting economies, and undermining human well-being. Approaches to make cities more resilient to floods are emerging, notably with the design of flood-resilient structures, but relatively little is kno...
if applicable Flood and Private Mortgage Insurance (PMI) in your monthly payments. Homeowners insurance protects you from fire, theft and damage. You may pay PMI if you put less than 20% down on your home. It's insurance that minimizes the lender's risk in case you’re unable to make ...
Probable maximum loss (PML) is the maximum loss that an insurer would be expected to incur on a policy. Probable maximum loss (PML) is most often associated withinsurancepolicies on property, such as fire insurance or flood insurance.