Search results
Results from the WOW.Com Content Network
This means that you, as the policyholder, are responsible for proving to your insurer that a loss should be covered by your policy by demonstrating that a covered peril caused the damage you want ...
Personal property coverage: This coverage makes up a large portion of your homeowners insurance and is designed to replace your home’s contents after a covered peril, including clothing ...
If a covered peril occurs and your belongings are damaged, you can file a claim with your insurance company. Note that most HO-4 policies include a deductible. So, your insurance company will help ...
Broad "named perils" [5] – this form expands on the "basic form" by adding 6 more covered perils. Again, this is a "named perils" policy. The loss must specifically be listed to receive coverage. Fortunately, the "broad form" is designed to cover the most common forms of property damage. Broad-form covered perils: All basic-form perils
Scheduled personal property is also generally covered on an open perils basis, which means all loss types are covered unless they are specifically excluded in the policy documents. Types of ...
The Standard Fire and Special Perils Policy (SFSP) [17] is a kind of traditional insurance product that is specially designed to protect your property and its articles from the unforeseen unfortunate accidents caused due to fire and the allied perils. With multiple extensions, this policy not only keeps your property secure but also lessens the ...
However, if a covered peril is the cause of the mold, you may have coverage. Some insurance providers offer optional endorsements that cover mold damage and mold remediation up to a certain dollar ...
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 ] The endorsement has been largely supplanted by what is referred to as "basic" causes-of-loss form first introduced by Insurance Services Office in ...