Search results
Results from the WOW.Com Content Network
Coverage type. Details. Standard policy. Requires an additional policy or endorsement. Liability. If a guest is injured while on your property or you are found responsible for damaging someone ...
When water damage occurs, you need to take a few steps before you file a claim: Prevent additional damage by stopping water flow at the source. If a pipe bursts, shut off the water immediately.
Damage occurring to your property does not automatically mean that you should file a claim against your homeowners insurance policy. You should consider factors to determine if filing a claim is ...
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
If and when a peril occurs and causes damage to your property, you may file a claim with your home insurance provider to help cover the repairs. A standard homeowners insurance policy lists the ...
Property and casualty guaranty funds step in to pay the covered claims (which would otherwise go partially or entirely unpaid) of policyholders of an insolvent insurer at levels determined by state law. This ensures policyholders and claimants at greatest risk are protected from the most severe consequences of an insurer's failure.
"A water leak could take a little bit of time to reveal itself, so it's really important to do a very thorough sweep of the property," he said. Know your policy
Water backup coverage: This endorsement provides coverage if your home’s sewer or water lines backup into the drain, toilets or showers from issues like clogged pipes or broken drains. These ...