Reviewed by Samantha Silberstein; checked for accuracy by Jane Meacham in this article: “How Does Windstorm Insurance Work?” What is covered by windstorm insurance? What Doesn’t Cover Windstorm Insurance? Do You Need Windstorm Insurance? Frequently Asked Questions (FAQs) Typically, homeowners insurance includes windstorm insurance as an add-on. In the event that a windstorm, such as […]
Reviewed by Samantha Silberstein; Verified by Ariana Chávez; View All What is the Insurance System? Requirements from the Bank Getting a Good Insurance Rate When Should You Purchase Insurance? It takes some effort to learn how insurance works, but knowing the fundamentals of coverage is essential to getting what you need. Being aware of what […]
Liability insurance is the most fundamental. Your liability for owning or operating the vehicle or vessel is covered by this. You can also purchase additional coverages, such as ones for damage to the vehicle or vessel as a whole and its parts. Depending on state financial responsibility laws or minimum car insurance requirements, options for […]
This article was written by Mila Araujo and last updated on September 28, 2022. Thomas J. Catalano reviewed it and Lars Peterson verified its accuracy. Common Questions About Water Damage: What Is Gradual Water Damage? Frequently Asked Questions (FAQs) If you are concerned about claims and damage caused by tornadoes and spring storm conditions like […]
A number of distinct insurance policies are combined to form hurricane insurance. There is no such thing as “hurricane insurance” that can be purchased on its own. Instead, you can combine homeowners insurance, flood insurance, and various endorsements like sewer-backup or windstorm coverage to get hurricane damage coverage (in some states). What Does Tropical storm […]
When something causes damage to your home gradually over time, this is known as “gradual damage.” Let’s say, for example, that you don’t fix the leaking faucet handles on your sink. Your house may one day be damaged by that water leak. It’s possible that your insurance claim will be denied if you try to […]
Imagine that you insure your $200,000 home for $500 per year. You have been making payments for ten years without making any claims. That amounts to $500 divided by ten years. This implies you’ve paid $5,000 for home protection. You begin to question why you are paying so much for absolutely nothing. In the eleventh […]
There are a few common concerns regarding the coverage provided by homeowner’s, condo, or renter’s insurance. For example: Is a leak of water covered? Is a toilet that leaks covered? Is damage caused by water from a leaky roof covered? The type of policy you have, the nature of the damage, and whether the water […]
Water damage claims are the second most common type of insurance claim, after wind and hail damage, according to the Insurance Services Office (ISO). One in fifty homeowners are affected by water damage claims each year, so it’s not surprising that there are a lot of questions about them. What, for instance, is covered by […]
It protects your home’s structure in the event of fire or natural disaster. Additionally, it safeguards the contents of your home. Your deductible would still be covered by your property insurance if a fire broke out in your kitchen. Coverage is different for different kinds of property insurance. For instance, if a fire broke out […]
