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This is a term used with respect to property insurance, such as homeowners policies. It refers to the maximum amount that the insurer will pay for the repair or rebuilding of the structure. The corollary is "contents limits" which refers to the maximum that the insurer will pay for the contents of the house or other structure. Sometimes, the contents limits have sub-limits such that only a stated amount will be paid for a stated category of items, such as electronics.
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What do the limits of insurance mean?
The limit is the maximum amount of $$ the company will pay for each component arising out of a claim.
What does basic coverage mean in auto insurance?
That usually means you have the state required liability limits and nothing more.
What are the typical terms of a building insurance policy?
The typical terms of a building insurance policy would include such things as flood insurance, fire insurance and insurance covering anyone who may be injured at the building.
When was Asia Insurance Building created?
Asia Insurance Building was created in 1954.
When was EMC Insurance Building created?
EMC Insurance Building was created in 1997.
Where would I purchase building insurance?
Building insurance is insurance that can cover damages to your building and the costs. This insurance can cover different things such as interior decorations, pipes, drains, etc. If rebuilding your property is necessary it should be covered under the building insurance. You can buy building insurance from most insurance companies. A little research may have to be done to get the best value and the cheapest rate.
How does one get building contents insurance?
In order to obtain building contents insurance, one needs to own a building and add it to their insurance policy. It can be added to almost any pre-existing insurance policies.
Do I need building insurance for a building I don't own?
Yes, you will need building insurance. It is still wise to have some type of insurance to cover for damages and loss even though you don't own the building.
Where can someone get a quote for building insurance?
Someone can get a quote for building insurance from a number of insurance companies such as Allstate Insurance. Allstate Insurance provides a number of insurance products for both consumers and businesses.
How does one find insurance which covers buildings?
Building insurance is available from many insurance providers. Companies that offer such insurance include Direct Line and Building Insurance Experts.
When was H.B. Rice Insurance Building created?
H.B. Rice Insurance Building was created in 1890.
When was American Insurance Company Building created?
American Insurance Company Building was created in 1930.
