Standard homeowners insurance policies usually cover damage due to fire, both house fires and wildfires, as well as smoke damage. Your policy should pay to replace or repair the house's physical structure, permanent fixtures, appliances and attached structures, as well as your personal belongings. ...
What does homeowners insurance cover? Homeowners insurance covers your house and belongings in case of events such as fires, hail, tornadoes and burst pipes. If one of these scenarios causes damage, your policy can pay to repair it. Homeowners insurance can also reimburse you for theft or vanda...
You cover your house, and the HOA covers the shared spaces. However, when you live in a condo, things may be more complicated because you technically only own part of the structure. You will likely be required to have condo insurance, which is also known as HO-6 insurance. Then, your ...
Does renters insurance extend to my roommates’ belongings? Renters insurance policies are meant to be individually held, so if you share a home with roommates, each person must have their own policy. Most renters insurance companies do not allow roommates to share policies, as it can get messy...
An agency owner came to me with a risk management question: “What insurance coverage does my agency need?” One of their agency’s clients was insisting they get General Liability, Workers Compensation, and Professional Liability. He wanted to know if that was common for all agencies. “...
What Does Travel Insurance Not Cover? Like all insurance companies, travel insurance companies approach claims skeptically. Some policies have surprising exclusions as well. For instance, some insurers don’t provide trip cancellation or interruption coverage in the event of airline bankruptcy. ...
Which building insurance is right for your home? We show you how best to insure your home against water, storms, hail and burglars.
Personal liability insurance coverage also does not cover intentional damage. If you get into a fight with your neighbor, punch them in the face and they sue you, you would have to shoulder the cost of that lawsuit on your own. Other liability exclusions include: ...
What is home buildings insurance and what does it cover? Buildings insurance can protect against damage to the fabric of your home. This might be due to fire or flood, subsidence, structural problems or damage due to accidents. Some policies also cover garages, sheds and fences, although you...
While wills generally address the bulk of your assets, some aren't covered by their instructions. Those omissions include payouts from the testator's life insurance policy. Since the policy has specified beneficiaries, those individuals will receive the proceeds. The same will likely apply for any...