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Storms can cause flooding in a matter of minutes. It's not just the rising water that can damage your car but also the debris it carries. If you have comprehensive coverage on your auto insurance policy, you're covered for flood damage to your car.
Comprehensive coverage can cover your car from events that are out of your control. This means it can help you save money in case flooding damage occurs to your car.
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Pet care professionals are at risk of unique liability claims. The general liability insurance in a BOP covers claims for dog bites, animal attacks, and other accidents involving pets. A pet-related business can be sued for negligence even when the owner is not at fault.
A BOP covers the cost of defending against such claims, as well as property damage and bodily injury costs. Dog bites are a common cause of personal injury lawsuits. Dog owners are often held liable even if the dog has no history of biting or aggressive behavior. The liability can be devastating to people who love their dogs but cannot afford the cost of settlements and court judgments.
Dog bite claims against dog owners can be costly, even if the victim is not seriously injured. Dog bites are covered by most homeowners’ and renter's insurance policies. Many insurance companies offer dog bite coverage discounts, typically less than $1 per month per $100 of liability coverage. If your pet destroys someone else's property, you could be sued and face a hefty legal bill. You may not have enough liability coverage to protect you if your pet damages something and you've been sued.
This article will help you understand the policy language and what it covers to make an informed decision about purchasing additional insurance protection. With every construction project, you put a lot on the line. Accordingly, it's important to ensure that you have sufficient liability coverage.
It's great when you win a bid for a project. However, some project owners require you to have specific insurance to accept a bid. Typically, these coverages include general contractor liability insurance, workers comp, and vehicle insurance. However, a growing number of owners require contractors to invest in owners' and contractors' protective liability insurance. This kind of coverage is not well-known. It's also often misunderstood. Contractors are often sued when their work turns out poorly, but a standard general liability policy doesn't cover any claims. It is also important to know what liability insurance is. This type of insurance covers contractors for a range of damages, including claims from first responders and clients.
Contractors need to understand the basics of their coverages to avoid costly mistakes and unnecessary litigation. If you're sued for faulty work, the first thing you should do is call an experienced contractor insurance attorney. An attorney can help you determine if your claim falls under the "contractual" exception to your policy and explain your options for coverage. Not all insurance policies cover wildfire damage, so it's important to understand what your policy does and does not cover. If you have the standard homeowner's insurance policy, it may not be enough to help you after a wildfire.
If your home is damaged by wildfire, your homeowner's insurance can help pay for repairs or replacement. It also covers personal property that was damaged or destroyed in the fire. You have been in a car accident, and you have to pay for the damages to the other party's vehicle. You are worried about raising your premium rates. You can make multiple claims within a year, but it is advisable to ensure that your claim amount is higher than your NCB amount and deductibles.
When your business' money and property are stolen, you often have to pay for replacing that money and property out of pocket. You want to make sure that if the worst happens and you are faced with a theft claim, you'll be covered.
Theft insurance can help protect your business from theft claims. This coverage can help reimburse you for losses caused by theft or robbery. Having to deal with an earthquake can be a stressful time when you’re caught unprepared. Having home insurance but not knowing what your policy covers or what you are entitled to can add to your distress.
This article will help you understand everything you need to know about home insurance that covers earthquakes so that you can feel confident in your coverage and prepared for the next big disaster. Here are the things that home insurance with earthquake coverage covers. Not all car insurance covers sudden engine failure. For instance, if your engine suddenly fails, you might be wondering if your insurance has it covered, even if the engine came with a warranty. Some insurance companies only cover the cost of a rental car in this case and nothing else.
Here are some insurances that are available for you. Although none of them covers car engine failure, they are still worth checking out. While riots and civil commotion are not a common occurrence in society, businesses can be severely impacted when they do occur. Luckily, business insurance covers damage to business property that results from riots or civil commotion.
Business insurance ensures your business can continue operation after things settle down. You may have heard the term "negligence" thrown around when it comes to contractor's insurance, but what does it mean? Negligence is a legal term that refers to the failure to act with appropriate care in a given situation.
In short, insurance companies use negligence to determine if they will pay your claim. The contractor's insurance covers certain negligence acts, including those committed by employees. It can also cover contractors who are working for you temporarily. Availing business insurance could be the top-most priority to business owners regardless of the size of the market they run. It's the basic guarantee in case things get misplayed. This might include coverage for property damages, legal liabilities, and employee-related risks. Before getting into further transactions, a business owner must first ensure that they are well-fueled.
Thousands of vehicles are on the streets, and more families can afford to purchase vehicles. Everywhere has its variety of dangers when it applies to driving. The undisciplined speeding, violations of traffic laws, and a lack of road awareness are only a few of the daily hazards drivers face.
Auto insurance is a coverage for cars, trucks, motorcycles, and other road vehicles, which provides financial protection against property damage or bodily injury resulting from traffic collisions. Auto insurance also protects financial protection from property damage or bodily injury from any non-collision causes. Maintaining a car insurance is needed not only for financial protection but because it is required by law. When you get pulled over for a minor traffic violation, the officer would immediately ask for your driver’s license and insurance card. A simple ticket might turn into jail time if you can’t present a proof of auto insurance.
Homeowners Insurance protects homeowners against damage to home and belongings from a covered cause of loss. The basic covered causes of loss are fire, lightning, windstorm or hail, explosion, smoke, vandalism, aircraft of vehicle collision, riot or civil commotion, sinkhole collapse, and volcanic activity. The broad coverage will cover the basic perils or cause of loss plus the following:
A building is considered vacant unless at least 31% of its total square footage is rented to a lessee or sub-lessee. Vacant buildings are unoccupied properties for extended period of time making them more vulnerable to trespassing, theft, vandalism, fire, and other damages like water damage, glass breakage, electrical explosion, sprinkler leakage, and mold.
A condominium is a form of homeownership in which the apartments in a building or houses in a development are individually owned, but common areas, such as lobbies or halls are jointly owned. Condominiums constitute 4.7% of all housing units according to the US Census Bureau. Another way of saying that is that about 95% of homes are not condos. Being that owning a condo is relatively unusual, it is not surprising that there is confusion over what insurance is adequate to protect the condo buyer’s interest.
Professional Liability is a type of liability coverage designed to protect traditional professionals like medical doctors, accountants, lawyers, and quasi-professionals like real estate brokers, consultants, against liability incurred as a result of errors and omissions in performing their professional services. Contractors that are required to maintain a license such as electricians, plumbers, and HVAC contractors also need this coverage.
Errors & Omissions, is another term for Professional Liability Insurance, which covers lawsuits or claims made by you clients. Errors & Omissions Insurance covers the cost of defending a lawsuit even if the lawsuit is groundless. These [policies are designed to cover financial losses rather than liability for bodily injury and property damage. Builder's risk insurance is a special type of property insurance which covers against damage to buildings while they are undergoing construction. It will pay for direct physical loss or damage to the covered property from a covered cause of loss.
The name might be confusing but the inland marine refers only to the equipment transported over inland and that include contractors’ tools, equipment, and heavy machinery like a big excavator. This coverage is important to contractors as insurance company will pay to replace all your tools and equipment if they get stolen or damaged. Some contractors might think that the auto insurance will pay for tools replacement if the tool box is permanently attached to the stolen truck but that’s wrong. The auto insurance will pay for the vehicle only and all the items inside should be covered either by the home insurance (personal effects) or inland marine policy for the contractor’s tool.
Business Owners Policy also known as BOP insurance is a commercial package policy that combines both property and liability coverage. It is the best option for small to medium sized businesses like apartments, retail stores, restaurants, and office based businesses.
On average, most businesses pay around $1,000.00 per year for their CGL policy. However, the cost of an individual CGL policy depends on a number of factors, including the nature of your business, the location of your business, and the physical condition of your business assets. Underwriters take into account all of these factors in determining how much the premium will cost. One of the biggest factors that impacts price is the type of industry your business is in. If it is an inherently dangerous/ultrahazardous activity, the cost for the insurance can be significantly higher.
Workers Compensation is a statutory benefit as per state law provided to an employee or to his/her family due to a job-related injury, illness, or death. The benefit may be wage replacement, medical expenses, employee rehabilitation, or death benefits to the employee's family.
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May 2023
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