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At the time, insurance language in policy contracts defining mold coverage was vague, and since mold remediation can cost between $10 to $25 per square foot, companies struggled to handle the ...
In construction, asbestos abatement is a set of procedures designed to control the release of asbestos fibers from asbestos-containing materials. [1] Asbestos abatement is utilized during general construction in areas containing asbestos materials, particularly when those materials are being removed, encapsulated, or repaired.
Bankrate’s insurance editorial team has done the legwork to help you understand the finer points of your home insurance coverage as it relates to theft and burglary. Does home insurance cover ...
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 ...
Identity theft. Homeowners insurance typically does not cover expenses related to identity theft, but many carriers offer identity theft coverage as a home insurance endorsement. Some insurers ...
Builder's risk insurance is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause."
Most home insurance companies will cover your personal belongings up to a specified level if they are at home, in your car or somewhere else. HO-2 policies may include liability coverage in some ...
Extended coverage is a term used in the property insurance business. All insurance policies have exclusions for specific causes of loss (also called "perils") that are not covered by the insurance company. An extended coverage endorsement (EC) was a common extension of property insurance beyond coverage for fire and lightning.
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