0
Do homeowner insurance policies cover liability issues away from the home?
Wiki User
∙ 14y ago
No
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
When a stock company issues both participating and nonparticipating policies it is doing business on what kind of plan?
Mixed Plan
Do the insurance companies have to match the vinyl siding if its a discontinued product?
No. If it's discontinued, that means it may no longer be possible to buy that product nor match it. Most insurance policy language specifically exclude match issues from coverage.
What insurance companies offer cargo insurance of 50000 or more?
Cargo insurance above 50k limit isn't uncommon and there are tons of insurance carriers who will write it. What might make it more difficult to find an insurance carrier for this would be if the cargo was high theft risk, high fire risk, etc. An insurance broker should very easily be able to help you buy cargo insurance. We have previously written cargo insurance up to 2M limits with no issues on high risk items, so it shouldn't be tough for you to line up 50k worth of coverage.
What is the Average cost of general liability insurance for sole proprietor businesses?
It is not possible to state an "average" cost, as too many variables are involved. For example, the cost of GL coverage will vary by the nature of the business that you are in, where (geographically) you are located, your loss history, by the insurer that issues the quote, and by the policy limits sought. In the latter respect, there may be a difference in the quote between policies that have separate property damage and bodily injury limits vs. a policy with a combined single limit. The deductible or self-insured retention that you select will also have an impact. In all events, it is critical that you deal only with an insurer that is authorized (licensed) to transact insurance in your State. It is only those that have the backing of the state's guaranty fund in the event that the company is unable to honor its claim from its own resources and reinsurance. It is also important that you deal with a reputable and licensed agent or broker who is able to take your full financial picture into account.
Can you sell title insurance using the license of the underwriting company or must you have your own?
No, a Title Agency or individual producer cannot use an Underwriter's authority to sell title insurance unless that agency or individual producer is an employee of the Underwriter and the Underwriter also acts as an agency in the state it is doing business in. 1. A Title Insurance AGENT is the business who acts in behalf of an Underwriter. 2. A Title Insurance COMPANY/UNDERWRITER is the company who issues title insurance. Example: John Doe decided to open a Title Agency, but in order to do that, he must sign an agency agreement with an Underwriter to act as an agent for that underwriter. Once the agreement is in place and all conditions of the agreement have been met, John Doe may now go solicit business for that Underwriter under his newly created Title Agency. Can he sell title insurance in behalf of the underwriter without being licensed? The answer is yes and no. Some states require that a Title Agency and its principal (primary owner) be licensed specifically for title insurance. Other states have no licensing requirements to operate as a Title Agency. The best 2 resources to find out what your State requires for agency licensing are: 1. Department of Insurance (in your state) 2. Title Insurance Underwriter authorized to do business in your state
What has the author Lorelie S Masters written?
Lorelie S. Masters has written: 'Issues arising under claims-made insurance policies' -- subject(s): Insurance, Liability, Liability Insurance
What has the author David W Steuber written?
David W. Steuber has written: 'Issues involving excess liability insurance coverage' -- subject(s): Insurance, Liability, Liability Insurance
Why would one need internet liability insurance?
A person will need internet liability insurance if they work on the internet or do business transactions on a regular basis. Internet liability insurance insures against privacy issues, infringement of intellectual property,virus transmission, or any other issues passed through the web.
Does general liability exclude action over?
Some general liability policies DO exclude action over claims, and you should also be getting waivers of subro on work comp from the people you are working with to prevent these types of issues. Make sure you work with a risk manager or insurance broker who clearly understands your company's risk and can help you mitigate that instead of just buying pieced together insurance for it.
What type of an insurer issues participating policies?
A participating life insurance policy is one that pays a dividend to the owner. Mutual life insurance companies offer participating life insurance policies as the policyholders share in the profits of the insurance company since the policy owners are the owners of the company.
Does fire insurance cover others who start a fire on your property?
fires, wind, hail, theft, glass breakage, and liability issues.
Which insurance carrier pays on Florida condo negligence of contractor claim?
The contractors General Liability Insurance would cover accidents and quality of workmanship issues that result from the activity of the Contractor.
Does homeowner's insurance cover drainage pipes that are 50 years old and need to be replaced?
No, I'm afraid not. Homeowners insurance is for sudden unexpected losses that result from covered perils such as Fire, Wind, Hail, etc. Homeowners insurance never provides coverage for routine expected maintenance issues nor for upgrades.
What type of liability insurance does a beautician need in Maryland?
A beautician would need premises liability to cover anyone who was injured on the property and other liability issues as well as professional liability insurance to cover the beautician against claims resulting from their profession. Professional liability can often times be added to the property and liability (businessowner's) policy for very little additional cost. As a matter of full disclosure, I own and operate a small Independent Insurance Agency for the past 22 years and worked as an agent for direct writers for 3 years prior to that.
Does homeowners insurance cover rat damage?
Pest control is a maintenance issue and the responsibility of the home owner. Your homeowner's insurance policy does not cover maintenance issue. Every home owner knows that maintenance issues never stop. Sorry.
Will homeowner insurance cover wood pecker damage?
Probably not. Homeowners usually do not pay for damage caused by pets, wear and tear nor common maintenance issues.
Can you sue your homeowner insurance company for bad faith for mold issues?
Suing a company for bad faith is a complicated question. Each state has different requirements for proceeding with a bad faith cause of action. I recommend that you contact an attorney in your local area who specializes in first party insurance issues. He/she will be able to explain to you whether you have a case against your insurance company.
