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What coverage do I get from a homeowners’ policy?
Homeowners insurance includes a broad package of both property and liability coverage, many of which cover activities away from and not in any way connected with your home. Homeowner's insurance pays for the repair or rebuilding of a house which is damaged by fire or numerous other causes, such as wind damage, freezing and vandalism, just to name a few. However, earthquake and flood, among other things, are not covered unless specifically provided and paid for. This type of policy also pays for replacement of the personal items inside your home if they are damaged by the same causes that damage the house or if they are stolen.
A Homeowner's policy also covers your legal liability which could arise if someone is injured on your property and also for certain types of actions which occur away from your property that could result in your being legally liable for damages (Homeowner's insurance will not cover liability that is normally covered by other types of policies, such as auto, professional liability or business insurance). Your Homeowner's liability insurance pays the damage for which you become liable, up to the dollar amount of liability coverage that you purchased. Without this type of liability insurance, all of your personal assets could be at risk if you are sued and found to be responsible for causing injury to someone or damage to another person's property. |
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What happens if I injured myself at my friend's house?
Are there legal limitations on insurance company business practices?
Are there any limitations on what an insurance company can charge for insurance?
Can an insurance company cancel my policy for any reason it chooses?
Can I cancel my policy at any time and will there be a penalty?
What happens when there is a claim?
If I am sued, does my insurance company defend me in court?
If I am sued, can my insurance company settle the case without my consent?
What is a ‘reservation of rights’ letter?
What can I do when an insurance company refuses to pay a claim?
Lawsuit for ‘bad faith’
Are there any options for resolving a dispute with my insurance company other than suing the company in court?Arbitration
Complaint to department of insurance
What are ‘exclusions’ and ‘limitations’ and how do they affect my coverage?
Are there any government agencies that regulate how insurance companies operate?
What is an insurance policy?
What is an ‘insurable interest’?
What is the ‘duty to mitigate damages?’
What kinds of insurance should I buy for my commercial building?
What am I required to do when I have a claim?
Can an insurance company refuse to sell me insurance for any reason it chooses?
What coverage do I get from a homeowners’ policy?
If I own a house, am I required to buy homeowner's insurance?
If I do not own property, but only rent a house or apartment, do I still have a need for insurance?
If I miss a premium payment and get a cancellation notice, is there anything I can do to be able to keep the policy?
If I think certain words in my policy mean something different from what my insurance company says they mean, how do we resolve it?
Arbitration
How does an insurance policy ‘protect’ me?
Should I have insurance on the building?
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