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It depends on your policy. Many standard policies include $500 to $1,000 in debris removal coverage, although some companies may consider debris removal coverage to be a percentage of your overall ...
In early 2009, the State Farm Florida subsidiary, the state's largest insurer, offered to withdraw from writing property insurance business in Florida after state regulators refused to approve a 47% property rate increase. State Farm said that, in Florida, it had paid out US$1.21 in claims for every dollar in premiums since 2000.
Terry McNeil, an insurance expert and president and CEO of T.D. McNeil Insurance Services, said State Farm will likely try to do right by its customers but it is already strained in the state.
Home insurance in the United States may differ from other countries; for example, in Britain, subsidence and subsequent foundation failure is usually covered under an insurance policy. [7] United States insurance companies used to offer foundation insurance, which was reduced to coverage for damage due to leaks, and finally eliminated ...
An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions). [1]
Government red tape means it could take up to 18 months to clear the ash and debris from the charred remains of homes that were burned in the Los Angeles wildfires.. A federal program will pay ...
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Salvage logging is the practice of logging trees in forest areas that have been damaged by wildfire, flood, severe wind, disease, insect infestation, or other natural disturbance in order to recover economic value that would otherwise be lost.