deductibles
No. Your friend is most likely not a named insured on your homeowners insurance policy. Your homeowners insurance policy is specific to you and your property. It would also not cover the losses of a tenant.
The diiference between landlord & renters insurance is that landlord insurance is a policy that covers property owner from financial losses with their property.Renters insurance is policy that cover the renter from financial losses or personal items.
yes, up to what the policy limits are which is typically the entire amount.
Superseded Insurance is taken to provide cover when a new fidelity guarantee policy is being taken for losses that were going to fall under the old (superseded) policy but would not be because the period allowed by that old policy for losses to be discovered and be claimable under that policy has expired. The incident covered should occur during the currency of the superseded policy. The cover under the new policy will not be broader than that provided by the superseded policy as the limits, conditions & extensions that applied on that policy will still be applicable.
Your policy may have coverages that will cover your losses, call your claims department to verify.
Yes, Homeowners insurance provides coverage for sudden accidental losses as defined under the policy schedule of covered perils.
Yes. Your homeowners insurance policy typically provides coverage for your homes structure from losses ensuing from the perils defined.
There is a type of insurance that is often called boiler cover insurance. Because boilers are not usually covered by standard home insurance you can get a separate policy that covers just the boiler.
There are millions of things that a homeowners insurance policy does not cover. To find out what it does cover just read your policy, anything not on there is not covered.
Yes...this is called a "non owners insurance policy". Not a lot of companies issue these but many of them do. If this type of policy is purchased, you are cover in any vehicle you drive.
If the automobile policy contract is in both names (husband and wife) then the insurance company will look to both of you for compensation of any losses that are not covered under your own policy.
If you have an insurance policy purchased from an insurance company, some or all of the financial losses you incur will be reimbursed by the policy issuer. If you are self-insured you, or the company that is self-insured, is responsible for all financial losses and liability to others. Some self-insured companies are self-insured only for the first million or 5 million dollars, and have bought insurance policies to cover larger losses. Their annual insurance premiums are lower as a result, since the purchased policy is not responsible for those less, and more frequent, losses.