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Coverage D, Loss of Use: $50,000. Coverage E, Liability: $300,000. Coverage F, Medical Payments: $1,000. The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if ...
Homeowners who live in expensive housing markets, such as San Francisco or New York City, may need more additional living expenses coverage — also called loss of use coverage — than what a ...
Other types of coverage, like detached structures, personal property and loss of use coverage, will typically be percentages of your dwelling coverage. And, your personal liability coverage will ...
It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the ...
If the fire leads to your home needing major repairs, the loss-of-use coverage part of your policy can pay for additional living expenses, like a hotel stay, while your home is being rebuilt.
It is worth noting that an HO-1 policy does not include liability, loss of use coverage or medical payments coverage. Because coverage is so limited, many insurers do not write this type of policy ...
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