0
Add your answer:
Earn +20 pts
Will fire insurance on my dwelling cover its contents?
This depends on what coverage level you have with your fire insurance. Fire insurance policies offer personal property coverage as an optional add-on, and even include the option to cover either the value of the items or to upgrade and cover their replacement cost.
Will homeowners insurance pay for AC system?
It depends on why the AC system would need replacement. Homeowners insurance provdes coverage damages that result from certain covered perils, typically Fire, Wind, Hail, etc.
What is covered with home owners insurance?
That depends on the type of home insurance policy and scope of coverage you purchased. All home insurance policies are not the same There are many types of home insurance policies available. Fire Insurance covers the peril of Fire. HO1 policies typically cover Actual Cash value for fire wind and hail damage along with optional owners liability and possibly burglary coverage. HO2 Policies generally provide the same coverage as above along with extended coverage and the option to purchase endorsements for accidental water discharge and optional replacement costs in the event of a loss. HO3 policies, often referred to as "All Risk" policies offer the broadest scope of coverage and typically offer replacement valuation on structure and contents. In addition there are literally dozens of endorsements you can purchase to cover specific risk exposures such as jewelry and various other personal property and unique risks. What your Home insurance covers depends on what coverage you purchased.
Will homeowners insurance cover pet care after a fire?
No, your homeowners insurance would not provide coverage for your pet.
Does adding a bedroom to your house cause homeowner's insurance rate to rise?
Adding onto the home will not make you rate increase by itself. However, you probably will have to increase the amount of coverage you have to reflect the increase in replacement cost. I would suggest that you contact your insurance agent and explain that you have added onto the home and ask them to see if you have enough coverage. If you do not have coverage equal to a certain percentage of the replacement cost you can be penalized on any claim in the future. This depends on what type of homeowner's policy you have and how much coverage you have. This is not something you want to find out after a kitchen fire.
Does homeowners insurance cover fire damage caused by a visitor?
Yes, Homeowners insurance typically does provide coverage for losses that result from an accidental fire.
Is any insurance for fire damages?
Fire damage insurance is usually a part of your homeowners or renters insurance. Depending on your desired level of coverage, it may be necessary to pay an additional premium.
Does auto insurance cover accidental fire damage?
The kind of coverage that would be necessary is called comprehensive coverage. It usually sold in conjunction with collision coverage.
What do I gain by purchasing regular auto insurance rather than discount vehicle insurance ?
In general, you gain more coverage for the required stuff (liability, injury), and coverage for things not covered by discount insurance such as theft and fire.
Fire Legal Liability Insurance for unoccupied home?
Homeowners coverage should satisfy requirements.
Does arbella insurance provide good coverage?
Arbella provides personal insurance coverage including homeowners, fire, watercraft, bodily injury, or property damage. It also offers business insurance for business owners, automobiles, and crime.
How do you calculate amount of insurance claim for goods lost in fire?
The ultimate answer depends upon whether the policy was issued on an "actual cash value"(ACV) basis or on a "replacement cost" basis. ACV takes into account the make, model, age and condition of the item in calculating value. In essence, it pays the depreciated value of the items. Replacement cost coverage generally pays for the replacement of a "like kind and quality" item at then-current prices. All of this assumes that the fire was a covered cause of loss and that the insurer asserts no coverage defenses.
