Auto insurance is a type of insurance that provides coverage for vehicles and drivers in case of accidents, theft, or damage. It typically includes liability coverage for bodily injury and property damage, as well as coverage for medical expenses and repairs. Auto insurance is required in...
Comprehensive coverage:This type of insurance is designed to protect your vehicle from non-collision events, such as theft, vandalism or natural disasters. For instance, if your car is damaged due to a hailstorm or stolen, comprehensive coverage could help cover the cost of repairs or replacement...
Renters Insurance FAQ Does Renters Insurance Cover Theft? Yes, renters insurance covers theft, after you meet your deductible amount. Theft is a more likely scenario than the kind of fire described above, and renters generally have a higher risk of theft than homeowners. So, even though you mi...
Identity theft covers a diverse array of crimes, depending on the type of personal data stolen and how the thief uses it. In mostdata breaches, the information stolen includes full names, social security numbers (or other government-issued IDs), and banking details. As for what constitutes ide...
Asset Collateral Insurance: Asset collateral insurance provides coverage for valuable assets that are pledged as collateral, including vehicles, equipment, or inventory. It safeguards the lender’s investment in case of theft, damage, or loss of these assets. Loan Collateral Insurance: Loan collateral...
There are several common types of insurance products that make available for coverage when determining risk. Learn more.
Storage insurance for personal belongings typically covers risks such as fire, smoke damage, water damage, theft, vandalism, and natural disasters. In the case of damage or loss, the insurance policy will reimburse you for the cost of repairing or replacing the affected items up to the coverage...
How does renters insurance work for other damages? Along with the coverage listed above, your renters insurance covers several other things. These include: Credit card/check forgery: Some policies cover identity theft in the form of fraudulent credit card use or forged checks. Debris removal: If...
Gap insurance is an optional type of car insurance that covers the difference between a car's actual cash value and the balance left on the loan or lease. In case of a total loss, gap insurance covers the "gap" between the amount reimbursed by the driver's car insurance policy and the ...
Business interruption insurance premiums (or at least the additional cost of therider) are tax-deductible as ordinarybusiness expenses. This type of policy pays out only if the cause of the business income loss is covered in the underlying property/casualty policy. The amount payable is largely b...