To make a decision, you’ll need to take into account your overall financial situation. Can you afford to replace most or all of your belongings in the event of a disaster or a robbery? What would happen if you had to leave your apartment for several months? Could you handle the potential high costs of […]
After Tom Sizemore’s brain aneurysm earlier this month, his manager stated that his family is “deciding end of life matters.” Sizemore, 61, is best known for his roles in Natural Born Killers, Black Hawk Down, and Saving Private Ryan. He was also addicted to drugs and incarcerated for domestic violence. US media was informed by […]
Typically, earthquake or flood damage to your home or its contents is not covered by standard homeowners insurance. Damages brought on by mudslides, landslides, sewer or drain backups, or surface water are also excluded. Additionally, nuclear accidents and acts of war are typically not covered by insurance policies. Damage to a vehicle, property used for […]
It’s important to know if your policy will cover on an actual cash value basis or a replacement cost basis. Actual Value vs. Replacement Cost Coverage Actual cash value plans only pay out what the items were worth at the time of the loss. You won’t be able to replace the loss with a brand-new […]
Example: The Accident in the Bathtub Picture yourself watching a movie in your living room when you suddenly hear water dripping. A portion of your ceiling opens up as you walk toward your living room, allowing water to begin pouring in. Everything in the area, including your television, is soaked. You contact your insurance company […]
What is the cost of renters’ insurance? Young couple weighing their options for renters insurance Insurance isn’t always a top priority for renters, according to MILATON BROWN/CAIAIMAGE/GETTYIMAGES. It may rank alongside purchasing insurance against alien abduction as an unnecessary additional expense for some individuals. However, landlords frequently require tenants to have renters insurance because it […]
There may also be coverage for watercraft liability for bodily injury to people other than the boat’s owner and family, guest passengers who use the boat alone, and medical expenses for the owner and family. However, adding additional liability coverage is a requirement of some policies. The size of your vessel determines the kind of […]
The following are some typical fundamental coverages that are included in most renters insurance policies: Your personal liability for injuries to others while on your property (both for medical payments and lawsuits) Your additional living expenses. Such as what you pay for a place to live while your insured apartment is being repaired or is […]
In the event of a disaster, you might think that your landlord’s property insurance would cover damage to your belongings. However, you’d be wrong. Your landlord’s insurance only covers the building’s structures and common equipment, as well as their liability for injuries sustained on common property. Renters insurance, on the other hand, is needed for […]
Compared to the cost of replacement, do I need renters insurance? What is the cost of renters’ insurance? Young couple weighing their options for renters insurance Insurance isn’t always a top priority for renters, according to MILATON BROWN/CAIAIMAGE/GETTYIMAGES. It may rank alongside purchasing insurance against alien abduction as an unnecessary additional expense for some individuals. […]
