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If your property has been impacted by a landslide and your insurance won't cover the damage, there may be ways to soften the blow. First, you may want to see if your mortgage holder will allow you ...
Liability coverage may also cover reimbursement for any visitor’s property that is damaged while at your residence. Lastly, standard HO-4 policies also include additional living expenses (ALE ...
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Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
Homeowner's policy is a multiple-line insurance policy, meaning that it includes both property insurance and liability coverage, with an indivisible premium, meaning that a single premium is paid for all risks. This means that it covers damage to one's property and liability for any injuries and property damage caused by the owner or members of ...
An extended coverage endorsement (EC) was a common extension of property insurance beyond coverage for fire and lightning. Extended coverage added insurance against loss by the perils of windstorm, hail, explosion, civil commotion, riot and riot attending a strike, aircraft damage, vehicle damage, and smoke damage. [1]
For example, if a tree falls and causes $5,000 in damage to your home and you only have 5 percent debris removal coverage, your policy may pay up to $250 to remove the tree.
Liability coverage is designed to protect the policyholder against losses resulting from acts or omissions that are negligent and that result in damage to another person, their property or interests. Therefore, the main scope of third party liability insurance is to protect others from the consequences of the policyholder’s wrong-doing.
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