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What does lose of use mean on a renters insurance policy mean?
Wiki User
∙ 14y ago
Loss of use is usually a coverage of the costs incurred by someone as a result of your accident. If your water heater busts and ruins your carpet you may be insured for that and get new carpet. The loss of use clause is there to pay for your downstairs neighbor to stay in a hotel while her flooded apartment is cleaned up. You didn't destroy it but there is a "loss of use".
Wiki User
∙ 14y ago
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What is the average deductible for 50.000 of renters insurance in georgia?
Renters insurance is a form of homeowners insurance. The form is HO-4. I assume that you mean the policy that the person renting purchases to cover their belongings and liability. Most all homeowners policies offer a wide variety of deductible choices usually ranging from $250 to $5000. The higher the deductible you choose the less the cost of the policy because you are assuming some of the risk for small claims. Most insurance companies have or are moving to increase their minimum deductible to $500. Look on your declarations page on the front of the policy and it should tell you the deductible.
Will renters insurance cover a in ground pool?
It depends on what you mean, Covered for what kind of loss? Your renters insurance covers your personal property and certain of your liabilities to others, generally the owner of the rented property and your guests. If you somehow accidentally damaged the pool in a home you rented then there may be coverage under the liability portion of your renters insurance policy. If the pool suffered a weather related loss or damage from ground movement or another natural act then that would be covered under the property owners insurance policy. You don't own the pool, the landlord does and if you didn't break it then your not responsible for it beyond whatever agreed maintenance you were to perform. If the pool just needs maintenance, cleaning, repair or servicing then no that's not covered at all as it is not considered a loss, it's just normal expected maintenance that all pools need.
What does find the dank lose the tank mean?
Find the KGB & lose the BREWHA...
What does lock out rooms mean in condo rental terms?
Usually, this can mean a room or closet or whole area of the unit that renters are not allowed access to, so the owner can keep/ store/ maintain items and areas strictly for owner use.
What does it mean when engine overheats but the car does not lose compression?
it means that the car wasnt overheated enough to gt to that point
What does the phrase renters insurance mean?
Renters insurance is insurance purchased by renters to protect their personal property in situations of fire, theft, water damage, or any other unforseen circumstance not covered by the landlord's policy. Renters insurance also helps protect renters against personal liability if someone is hurt, whether in the home or away from it, and damage to the rental unit caused by a covered loss.
What does ho-4 mean on homeowners insurance?
Ho4 means it's a renters policy ho3 is a homeowners policy ho6 is a condo policy dp3 is a rental property (landlord coverage)
What is the average deductible for 50.000 of renters insurance in georgia?
Renters insurance is a form of homeowners insurance. The form is HO-4. I assume that you mean the policy that the person renting purchases to cover their belongings and liability. Most all homeowners policies offer a wide variety of deductible choices usually ranging from $250 to $5000. The higher the deductible you choose the less the cost of the policy because you are assuming some of the risk for small claims. Most insurance companies have or are moving to increase their minimum deductible to $500. Look on your declarations page on the front of the policy and it should tell you the deductible.
What does NIL mean on an insurance policy?
Nothing
What does no replacement cost in your renters policy mean?
If your policy indicates that there is no replacement coverage then that means you will be compensated (paid) based on the current depreciated value of your property in the event of a claim.
What is the grace period for car insurance renewal in Mississippi?
When your insurance is expired, You no longer have insurance. There is no grace period in which you still have coverage when your policy is expired. Your company may give you up to 30 days in which to renew your policy before they surcharge you and you lose your prior coverage discount. This is however totally at their discretion and you still have no coverage in the mean time until you renew your policy.
What does ee mean in an insurance policy?
If it is health insurance quote. It means Each Employee
Do you need insurance on a small boat?
If you have a loan, probably. No loan would mean no requirement. Common sense though would require it. Adding it to your home insurance or renters insurance would probably cost pennies.
What does effective policy date mean?
The Policy effective date is the date that your insurance coverage started under that policy.
What does it mean to have a standardized insurance policy?
An insurance policy would be called standardized, when it covers all the salient international features/standards as laid down by the insurance authority of the country.
Can you take out another policy when on mobility for another car?
Presuming you mean Insurance policy, then Yes you can.
What is the cash value in an insurance policy mean?
The cash value is the amount of money your insurance policy is worth to the owner of the policy if the insurance is cancelled and the policy terminated. The insurance company will mail a check to the to the policy owner upon policy termination or cancellation by request of the owner. I would strongly encourage you to consult a professional in your area before cancelling an existing policy. There may be other options and alternatives to access the value of the policy without cancelling the insurance policy.
