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What is peril insured against?
That would depend on your insurance policy. Te covered perils are listed in your policy package under the heading "Covered Perils". You could review your coverage with you Insurance Agent for clarification.
Can you be auto insured under your uncles policy?
It depends on which company your uncle is insured with, but typically with a standard insurance company you have to live in the household to be a listed driver on the policy. This is regardless of your relationship to the primary insured. If you are not listed on the policy as I driver you are still insured to drive his vehicles as long as you have permissive use.
What is the main difference between an HO8 and a HO3?
An HO8 is a named peril policy, meaning you are only insured for the perils listed in the policy. An HO3 is an "all risk" policy, which means you are covered for all losses unless the peril is specifically excluded under the policy. As you can see the HO8 is a lot more restrictive. The premium may be cheaper but it offers less coverage.
Who is a professional when referring to the exclusion under a commercial general liability policy for professional fees?
The "Professional",, would be the person or entity "Insured" under the contract.
What is a co-insured?
Co-InsuredThe "Co-Insured" is another person or entity that is also covered under your insurance policy.
Does homeowners policy cover foundation leaks?
That depends on the policy. You need to read your policy under Perils Insured Against and Exceptions.
What are the difference between the marine Insurance policy and insurance certificate?
A Marine Insurance Policy is the actual contract of insurance between the insurer and the insured. Most of these policies are what is being referred to a Open Marine policies which means that the policy covers many shipments under one policy. An insurance certificate is issued for a particular shipment that the insured declares under the Open policy. The insured does not issue a policy for each individual shipment.
Is it possible to have a car title in your name but have it insured under your parents policy?
Yes.
Is the car insured or is the driver insured My sister has a license and is driving my insured car but her name is not on my policy. Can she legally drive my car if I give her permission?
no she has to be on your policy , or if you are full comperhensive and she hold an insureance policy . then you can give her permisson to drive your car under 3rd party only
Personal property is covered under what peril?
The listed perils (barring exclusions) in your home owners or renters policy.
What is the difference between a Named perils insurance policy and an All risk insurance policy?
Standard Homeowners Policy Verses All Risk PoliciesMost Homeowners Insurance Policies are "Named Risk". They list all the covered perils for which the Insurance company will offer coverage. So If It is not on the list, It basically is not covered.An All Risk Policy is just the opposite. It lists all the perils that are "not" covered, On these policies if it is not on the list, then it "is" covered.AnswerA named perils policy only covers perils listed in the policy. For example, a named perils policy will usually cover an accidental fire loss at your home because fire is listed as a covered peril. However, lets say you have a water loss at your home when a water line breaks. If water loss is not listed as a covered peril under your policy, then you will have to pay for the damage yourself, which can be expensive. For a named peril policy you need to look at the the policy to see what perils are covered.On the other hand, an all risk policy will cover any peril unless its specifically excluded under your policy. An all risk policy provides you more coverage than a named peril policy. For an all risk policy you will look to the Exclusions section of the policy to determine what is not covered. In the water loss example above, unless water losses are specifically excluded under the policy, the loss is covered.An all risk policy will cost you more in premiums, but is worth the price.
Is the Replacement of heating and air units covered under homeowners policies?
It depends on whether or not they were damaged by a covered peril of the policy. For example if lightning is a peril covered on your policy, and that caused your heating and air units to stop working, then insurance would cover them.
