BUSINESS

Losses to Unattached Structures If a roof on an unattached structure, like a separate garage or shed, is damaged.

The other structures coverage on your policy might pay for the repairs. In most cases, standard home insurance policies cover other structures up to a certain percentage, like 10% of dwelling coverage. However, if those structures are used for business, they may not be covered. Therefore, if your policy covers your home for $200,000, it […]

BUSINESS

How Deductibles Are Calculated for Insurance Deductibles for home insurance are typically calculated in one of three ways:

On the off chance that your strategy has a level deductible, you’ll pay a decent sum each time you document a case. https://youtu.be/FlNRadOazpA Therefore, if you select a dwelling deductible of $1,000 and fire damage to your home totals $5,000, the insurance company will cover up to $4,000 of the claim, leaving you with the […]

BUSINESS

Do I require dwelling insurance?

Yes, if you own a house and owe money on it. Standard policies for homeowners include dwelling coverage. Even though the law does not require you to purchase a home insurance policy, the lender will require you to do so if you finance a home. It is financially prudent to keep a homeowners policy with […]