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Dwelling, Other Structures, Contents, Personal Liability and Medical Payments to Others
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How does comprehensive policy differ from fire policy?
There is no such thing as a comprehensive homeowners policy. What you are probably thinking of is a HO policy or Homeowners policy. Their are 2 common policy's sold that are homeowners. One is an HO-3 and the other is an HO-5. These policy's provide a wide range of coverages compared to just a DP-1 or DP-3 policy. DP is a dwelling fire policy. This provides just very basic perils on a policy. Pretty much it just covers wind, fire, weather, and a few other basic things. Mark Owner of Denvers Insurance
What isn't covered in section one of a home owner's policy?
It depends on your policy form. Homeowners policies come in the following policy forms: HO-1, HO-2, HO-3, HO-4, HO-5, HO-6, HO-8, HO-10. Then there are also endorsements to add or delete coverage from your policy. If you tell me what basic form you are refering to then I can tell you the Section One coverages.
Does a Homeowners policy cover damamge to an aluminum awning caused by weight of Ice and Snow?
yes it does. HO 5 the special form
What are the release dates for My First Sale - 2010 Homeowners Sell on Their Own 5-5?
My First Sale - 2010 Homeowners Sell on Their Own 5-5 was released on: USA: 12 September 2011
Will homeowners insurance cover golf clubs stolen from the car on the property?
Every homeowners policy is unique and you need to read through your policy to be sure but I can tell you that most homeowners policies will cover your personal property. Your homeowners policy will actually cover your personal property anywhere in the world (depending on your specific policy). If your clubs were stolen from your car and you are thinking of filing a claim just remember that you will be responsible for your homeowners deductible which is usually around $1,000. That means that you are responsible for the first $1,000 so if your clubs are worth $1,200 you would get a check for $200 from your insurance company. Most golf clubs aren't worth that much but if yours are do you really want to file a claim to get a $200 check? After you file that claim your homeowners insurance premium will increase for 3-5 years because you will be considered a higher risk by the insurance companies. One other thing to consider is that if your car windows were broken during the theft you will also have to file a claim with your auto insurance company if you want them to cover the window. Most auto policies will replace glass for free or very little.
How does paying off your mortgage affect the cost of obtaining homeowners insurance?
Depending on the insurance company they may give you a discount, usually 5- 10%. In essence when you have a mortgage on a property the insurance company notes it on your homeowners policy and sends a letter to the mortgage holder providing proof that you have protected their (your house) asset by insuring it. Discounts that may be available: Mortgage Free, Monitored Alarm Discount, Multi Policy, Claims Free, Senior.
What is the best homeowners insurance?
The best insurance for homeowners is one that covers them for replacement of their goods if anything happens but does not cost too much or cover them for unnecessary things. It is worth doing a price comparison when looking into insurance and always reading the fine print.
What are the release dates for Clean House Comes Clean - 2007 Top 5 Difficult Homeowners 1-10?
Clean House Comes Clean - 2007 Top 5 Difficult Homeowners 1-10 was released on: USA: 7 November 2007
If an employee leaves does the employer have to provide Cobra insurance until they find another insurance company?
If you had an employee covered under a group policy (less than 5), do you have to provide Cobra insurance to the employee until they find other coverage if they leave the company?
Why are policy makers interested in bop?
Below are the reasons for a policy makers opting BOP policy: 1. A typical BOP includes: property insurance, business interruption insurance, crime insurance, vehicle coverage, liabilty insurance and flood insurance 2. Business owners can purchase a bundle of basic coverages at a premium savings compared to buying the coverages individually. 3. The ratio of small and medium sized businesses will be more when compared with large businesses. BOP is the one that is designed for small and medium sized business sectors. 4. Business interruption insurance that reimburses the business owner revenue loss up to one year when insured business is in loss. 5. Flood Insurance covers any losses that occur due to flooding. This may be preferred by different business sectors. -- jyareeda
What is the average cost of homeowner's insurance?
There is no "Average" cost of homeowners insurance. Every risk is different. Variables include, but are not limited to: 1. The insurance company; 2. Whether coverage to the building alone is obtained, or also to the contents; 3. The dollar amount of coverage purchased; 4. The amount of the deductible(s); 5. The perils (risks) that the policy covers. There are different policy forms that are often available that provide coverage of varying breadths; 6. Your own loss history. This relates to the number and types of insurance claims that you have had over a stated period of time; 7. The geographic area in which the property is located.
What are the steps of policy making?
1. Problem Identification 2. Agenda Building 3. Policy Formulation 4. Policy Adoption 5. Policy Implementation 6. Policy Evaluation
