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What does Debris removal mean under property insurance clause?
Wiki User
∙ 14y ago
They'll remove the debris if your property collapses, m8
Wiki User
∙ 14y ago
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What is the Inchmaree Clause?
The Inchmaree clause is a coverage in marine insurance that protects the vessel's owner from property damaged or destroyed by the crew's negligence.
What is transit clause in marine insurance?
transit clause marine insurance
Will home owner's insurance pay for the down tree removal cost from a storm in the property?
Not necessarily. Many policies include a clause specifically addressing tree removal, and very often this policy limits the payment for removal of downed trees to $500 -- and that's $500 TOTAL, not per tree. The only way to know for sure what your policy covers is to check your individual policy, and speaking to your insurance agent is always a good idea. You can sometimes purchase additional insurance for tree removal if you feel you may be at risk due to the number or size of trees that you have and the likelihood of major storms in your area.
What is incontestability clause in life insurance policies?
You can find this by looking at the "Incontestable Clause" in your life insurance policy. The "Incontestable Clause" states that after the life insurance policy is in force for two years, the insurance company cannot void it because of misrepresentation or concealment by the insured in obtaining the policy.
What is Bank of America auto loan loss payee clause?
A loss payee has to be added to an insurance policy when one uses collateral, such as a house or car. The payee is required to provide collateral and agree to carry insurance on the secured property.
What is rsd insurance clause?
rsd means
Is 72 hour clause in engineering insurance policy advantage or disadvantage?
The 72-hour clause in an engineering insurance policy is an advantage to the homeowner and not a disadvantage.
What is a lose payee and a mortgage payee?
In order to preserve the interest of the Lender, a lost payee clause is added onto the insurance policy. This indicates the list of people who are interested in the property but are not policy holders. This is similar to the mortgage payee clause between the owner and the buyer.
Is a mortgagee clause considered a lien?
No. The mortgage is a lien. The mortgagee clause generally refers to a provision in the homeowner's insurance policy providing that loss to mortgaged property is payable to the mortgagee named in the policy and promises advance written notice to the mortgagee of policy cancellation.
Does increased cost of construction insurance clause affect the co-insurance clause of the policy?
NO, Increased Cost of Construction is exactly as stated, also known as "Replacement Cost". It does not affect the Coinsurance clause of your insuring contract
If a life insurance policy or a 401-k account has no named beneficiary then are these controlled by the last will and testament?
Yes. They can be specifically devised in the will or they can be distributed by the residuary clause which is a clause at the end of the will that serves as a catch-all. It provides for the distribution of any property that's not specifically devise elsewhere in the will. For example, the residuary clause could state, "The rest and residuary of my estate shall be shared equally amongst all my children or the issue of any child who predeceases me".If there is no residuary clause in the will and there is property that's not specifically devised that property will be distributed according to state law as intestate property. You can check the intestacy laws of your state at the related question link below.
Will homeowner insurance cover a fitting that came lose under my sink?
No, That's a maintenance issue under the "Normal Wear and Tear" clause. Upkeep and maintenance of the property is the Homeowners responsibility.
