If you home is located in a region where hurricanes are known to strike, your insurance company may require that you assume a greater percentage of a loss associated with that loss potential. These deductibles maybe a fixed amount but are more commonly a...
Knowing that small losses are more frequent than a major loss, insurance companies adjust your premium based on the amount of “risk” you chose to assume; this is known as your deductible. In return for you agreeing to absorb any loss under the deductible...
Common exclusions include flooding, earthquake, nuclear accidents, war, intentional damage, normal wear and tear, and damage by insects, rodents and vermin.
Some would call this an “All Risk” policy, and while close, there really are no companies offering a true “all Risk” policy. The common Homeowner policy covers losses caused by smoke, fire, lightning, windstorm, hail, explosion, riot and civil commotion,...
For most insurance companies, a student that is going to school more than 100 miles from home, can have their coverage suspended while away at school. When doing so, you are responsible to make sure they are added back on after they return. Under that 100 mile...
Your insurance policy requires that all licensed drivers in your household be listed on your policy—whether regular operators or not. Once the youthful operator is licensed, they must be added to your policy. If a loss occurs with them not on the policy,...
