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What does a commercial insurance floater cover?
A "floater" is typically an insurance endorsement that covers tools and/or materials while they are away from the business. For example, an air conditioning contractor might want a personal tool "floater" so that his tools on the job site are insured. A contractor building a house might want a tool "floater" and a material "floater" to cover tools and materials at the construction site. Typically a commercial property policy covers tools and materials ONLY if they are within 100 feet of the business location at the time of the loss.
Insurance is said to follow the person not the property?
No, a homeowner's policy lists both a named insured and an insured location.
Fire floater policy with a sum insured of Rs 5000000 with a basic rate of Rs 1.00 percent premium payable worksout to Rs?
5000
Is there a difference between who owns a boat and who it is insured to?
Yes. Most companies will not insure an individual with a boat or any property if there is not a financial interest between the property & the insured. More specifically, it has to be titled and/or registered to the listed insured on the policy.
What do you do when an Uninsured driver hits an insured driver on private property?
The insured drivers uninsured motorist coverage should take care of it. Doesn't matter if property is private or not.
Does renters insurance cover damage to others property?
No. "Renters Insurance" is property coverge for a tenant. It will cover the property of the named insured Tenant or Renter that is located within the rented dwelling. It will not cover property of someone who is not a named insured on the policy.
Who is an insurance subscriber for medical insurance?
A common question that concerns a lot of people is whether they should go for individual health insurance plans for each of the family members or go for a single family floater plan for the entire family. Under a family floater plan, the entire family shares a common pool. A family floater plan provides cover to the entire family to the extent of Sum Insured. For Compare : goo.gl/qyE1Dl
Is personal property insured if stolen from another residence?
doint know
What does property insurance generally cover?
Property insurance usually covers all of the property that has a declared value. This includes a home and other structures located on a property that is insured.
Will a homeowners insurance policy cover for an accident to an insured off property?
There is no coverage at all for an accident to an insured either off property or on property. A Homeowners policy provides coverage for structures, personal property, additional living expenses due to loss, liability coverage and medical payments. There is coverage away from premises for insured personal property provided it is due to loss from a covered cause. Coverage is generally limited to 10% of coverage C and if it is theft, insured must be temporarily residing where the theft occurred. The liability coverage provided by the policy covers the insured away from premises. These all are general statements and there are exclusions so the policy should be consulted.
Do you have to insure a non running car?
If the car is located on private property, it does not have to be insured.
Can you be Named Insured on each of two separate policies for two separate homes in the same neighborhood?
You can be the named insured on a policy for any real property you own. In fact, only the owner can be the "named insured".
