Yen has homeowners' insurance, but Janet Ruiz with the Insurance Information Institute said, "Landslides aren’t covered under your regular homeowners' insurance." Ruiz said those who buy or build on a hillside need special coverage - something called a DIC, which she says...
such as driving under the influence or intentional harm. Instead, it covers accidents and the associated legal implications that may arise. It is crucial to review your car insurance policy carefully to understand the extent of your legal coverage. ...
In addition, the extent of the insurance coverage is affected by other factors, such as how much money you hold in other deposit accounts of the same category with the same issuer. Note that it’s the financial institution issuing the GIC that must be a CDIC member3, rather than t...
When it comes to insurance, it’s important to understand every aspect of your policy to ensure you have the coverage you need. One crucial element to consider is the concept of exclusions. Insurance policies often contain exclusions, which are specific situations or risks that are not covered ...
California FAIR Plan insurance explained The California Fair Access to Insurance Requirements, or FAIR, Plan was established in 1968 to provide insurance coverage to homeowners in high-risk areas, whether that means their property is in a fire zone or along an earthquake fault line. The FAIR Plan...
Potential for more deposit insurance.While CDIC-insured banks cap the coverage at $100,000, provincially-insured credit unions have at least that much coverage, and in some cases much more. Customers have a say in how the credit union is run.If you bank with a credit union, you are a ...
Answer to: Please explain what Difference in Conditions Insurance (DIC) is used for in the US., then provide some examples. By signing up, you'll...
Insurance: It is termed as a contract between the insurers and insured which helps any individual or organization in the events that are adverse. Basically it is a tool to escape from the risks involved in one's life, family or bu...
An advisor may ask questions that you didn't realize you should be asking, such as, "Have you considered personal liability insurance?" or "How are you going to create a reliable stream of income from your retirement savings?" A financial advisor can develop an investment plan for you. Inv...
internal explosions and smoke — and liability protection is not available. Homeowners looking for coverage beyond what the plan offers may purchase a Difference in Conditions (DIC) policy to help fill in the gaps. The California Department of Insurance lists which providers currently sell DIC polici...