Sudden and accidental damage from artificially generated electrical current With a named perils policy you’re only protected if the cause of a loss is one of these listed perils, and that leaves a lot of gaps. Open perils Open perils coverage (sometimes called “all-risk insurance”) means...
Medical malpractice insuranceis a type of E&O coverage that protects doctors and other medical practitioners against claims by patients for professional negligence. It covers claims against healthcare professionals for negligence, medical errors, or accidental oversights. State laws may require some medical...
Professional indemnity insurance is a type of insurance that protects a business owner or professional if a client alleges that the business behaved negligently or failed to perform work adequately. This is different fromgeneral liability insurance, the type of insurance that protects a business in t...
Homeowners insurance is coverage you can buy to protect yourself financially against certain types of damage and lawsuits. To get this coverage, you pay an insurance company a certain amount of money, called a premium. In return, the company will pay you if a covered event, such as a fire...
This typically excludes the damage from your policy coverage. While most animal damage is not covered by homeowners insurance, some perils may be covered if they are sudden and accidental. For example, if a deer suddenly runs through your front yard, breaking part of your fence, this may be...
While homeowners insurance covers many circumstances, there are several that are not. Flooding Your policy will usually cover"sudden and accidental"water damage that can be traced to a source inside your home, like a burst pipe. Flooding from outside the home, however, usually requires a separat...
Accidental discharge or overflow of water or steam Accidental tearing apart, cracking, burning, or bulging of a built-in appliance Freezing Damage from an artificially generated electrical current Volcanic eruption HO-3: Special Form HO-3 is the most common type of insurance policy used for coverag...
A dwelling policy is a type of property insurance designed for people who own a building but don’t live in it full-time. If you live in your home year-round, a standardhome insurance policywill probably meet most of your coverage needs. However, buildings that are unoccupied for long str...
Is there any chance of rain?. Accident An unexpected and undesirable event, especially one resulting in damage or harm An accident on the assembly line. Car accidents on icy roads. Chance An accidental or unpredictable event "He sprang to his feet and turned to run. At the same moment by...
What is Voluntary Accident Insurance? Voluntary accident insurance, also known as accidental injury insurance, is a type of supplemental insurance that provides coverage for medical expenses and other costs related to accidental injuries. It is typically offered as an optional benefit by employers, allo...