Your homeowners insurance policy typically covers a wide range of natural disasters, though not all of them. The typical inclusions for natural disasters include lightning, thunderstorms, hurricanes, and hail. Your policy may also include coverage for smoke damage, damage caused by falling items, or...
A typical current exclusion applies tothe discharge of pollutants "at or from premises you own, rent or occupy" and bars coverage for "bodily injury orproperty damage arising out of theactual, alleged or threatened discharge, dispersal, seepage, migration, release or escape of pollutants." "...
Basic home insurance covers fire, explosion and implosion, theft, natural disaster, water leaks, smoke damage, and more that affect the house and its contents. Fire damage constitutes most of the frequent claims, and it’s the only mandatory coverage for all real estate. It’s important to c...
An attached garage, porch or deck would fall under your dwelling coverage, too. Which events are covered: Most homeowners policies cover your dwelling for any cause of damage that isn’t specifically excluded. Some of the most common causes of homeowners insurance claims include wind, hail, ...
Policies usually exclude coverage for the following: Damage that was intended or should have been reasonably expected by the insured Damage to the insured’s own property, whether rented or owned Damages resulting from willful non-compliance with the law Fire and smoke damage Toxic products sold ...
According to the Insurance Information Institute, these policies have very limited coverage, often for a specific list of 10 perils: Fire and lightning Windstorms and hail Explosion Riots and civil commotion Damage caused by aircraft Damage caused by vehicles Smoke Vandalism and malicious mischief ...
Homeowners insurance policies generally cover destruction and damage to a residence's interior and exterior, the loss or theft of possessions, and personal liability for harm to others. Three basic levels of coverage exist: actual cash value, replacement cost, and extended replacement cost/value. ...
From burst pipes to sewer back-up, the potential for water damage in Canadian homes is fairly significant, and accounts for over 50% of all home insurance claims1. Find out how to help prevent water damage to your home. Fire and Smoke Damage ...
Comprehensive: This level of insurance covers damage to your car not related to wrecks—like theft, fire, glass breakage, flooding and hail damage. Liability: If you’re responsible for an accident, liability coverage takes care of the other guy’s car and any injuries or property damage cause...
Fire and smoke Hail and wind Water damage and mold from things like a burst pipe Explosions Snow and ice Falling objects like a tree branch While this covers much potential damage to your belongings, it doesn’t cover everything. For example, your renters policy usually does not include earth...