The insurance industry has been impacted by the rise of natural disasters, especially wildfires and flooding. Homeowners need to educate themselves on the risks associated with their locale, their policy's coverage limits, and what levels of risk management and types of property coverage they're co...
What does condo insurance not cover? While most condo insurance policies include the coverage listed above, there are typically specific exclusions from the standard coverage, such as: Damage from earthquakes and flooding Outdated systems or equipment that need to be brought up to code Damage from ...
If a property is damaged by hazards covered under an insurance policy, the homeowner can file a claim for financial assistance to repair or rebuild the damaged structure. In addition to the primary structure, hazard insurance typically covers outbuildings such as garages and sheds. When...
Water damage from burst pipes or flooding from nearby units Most standard policies do not include protection from earthquakes or floods, and riders for such situations can be added to a policy for an additional fee or purchased through the National Flood Insurance Program. Other natural disasters l...
To decide if your home needs this type of insurance, some factors to think about are: Your location History of sinkholes in the areas surrounding you Irregular weather patterns like heavy rain or flooding Man-made events near you that could accelerate the creation of a sinkhole, such as ...
insurance covers damage from flooding, which may include flooding as a result of hurricanes but could also cover damage from other causes, like a leaked pipe. Hurricane insurance is typically a combination of flood and windstorm insurance, which covers damages caused by wind, such as from ...
First of all, China is determined to defend its economic sovereignty.Washington has accused China of unfairly subsidizing key sectors of its economy and flooding the world with cheap goods, a central talking point backing its tariffs on Chinese goods. To some extent, this flawed accusation is an...
Ed Horne of the RHS said: we launched our sustainability strategy last year and fake grass is just not in line with our ethos and views on plastic. We recommend using real grass because of its environment benefits, which include supporting...
But, not all types of natural disasters are covered by standard renters insurance policies. In fact, two of the most common issues people might face, earthquakes and flooding, require separate policies entirely. Secondly, tenants in certain locations might have a harder time getting insurance, or...
Flooding is typically not covered under a standard condo insurance policy. The unit owner may have the option of getting flood insurance coverage from the government's National Flood Insurance Program, depending on the unit's location. Some mortgage lenders require condo unit policies for financing....