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The remaining 21.3% of home insurance policies were covered by renter's or condominium insurance. 14.8% of these had the HO-4 Contents Broad form, also known as renters' insurance, which covers the contents of an apartment not specifically covered in the blanket policy written for the complex. [13]
It’s a problem that homeowners insurance won’t cover and banks won’t provide loans for, since the value of the property sinks, according to WCVB. The Haynes say they’ll be coughing up over ...
The first stock insurance company formed in the United States was the Insurance Company of North America in 1792. [7] Massachusetts enacted the first state law requiring insurance companies to maintain adequate reserves in 1837.
A homeowners insurance policy is designed to provide you with financial protection from a variety of damage-causing events, also called perils.
Updates to the CMR are published in the bi-weekly Massachusetts Register from the Massachusetts Secretary of the Commonwealth. The Code is organized by executive cabinet agency. In citations, the number before the "CMR" refers to the issuing agency, and the numbers thereafter refer to a specific chapter or section. [1]
Here's the deal: your standard homeowners insurance policy doesn't cover everything. Yes, if your roof caves in during a snowstorm or a rogue tree branch smashes through your window, it will step in.
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