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What is insurable loss?

insurable loss


If the dealer says a new car had light body damage and was repaired will it be hard for you to insure?

It is still easily insurable.


What damage can the Ring of Fire produce?

It produce fire damage


When must an insurable interest exist for property insurance?

An insurable interest must exist at the time the policy is purchased and when a claim is made. This means the policyholder must have a financial stake in the property being insured to prevent fraud or speculation in insurance. Without insurable interest, the policyholder would not suffer any financial loss from damage to the property.


Can you get renter's insurance in a building that is un-insurable due to roof condition?

No since an insurance company would not want to be liable for damage caused by the leaking roof.


Insurable interest is a legal right to insurer discurse?

insurable intrest is a legal right to insurer? discurse.


What is difference between marketable title and insurable title?

What is difference between marketable title and insurable title?


You have ins on a home that you signed a deed transferring home to a buyer at noon but at 1215 a fire burned house down and ins was not cancelled based on insurable interest will ins co pay claim?

Yes, they will pay. Insurable interest is a question at the time the policy is sold, not at the time the claim happens.


Does homeowners insurance cover damage done by foundation failure?

No, but if the failure causes a fire or water damage, then the water and fire damage will be covered.


Where can I find information on fire damage repair?

My garage caught fire over the weekend. Where can I find out what I need to know about fire damage repair?


Will you be insurable if you are on Dyalasys?

Probably not.


How can I protect my home and belongings from potential damage caused by fire money?

To protect your home and belongings from fire damage, you can install smoke detectors, have a fire extinguisher on hand, create a fire escape plan, and consider purchasing homeowners insurance that covers fire damage.