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Is homeowner insurance when some one helps the owner make repairs and gets injured?
Depends, homeowners insurance does have a liability section in it, and you are liable for the person helping you gets hurt, then yes, but if you are not liable then your insurance will not respond, here in Ontario there is a section in the liability called Voluntary medical payment where you can provide monies to the injured person wheather you are liable or not. This is usually limited to an amount such as $500-$2000 and this coverage does not require you to pay a deductible but will affect your insurance premium wise.
What else can I help you with?
What is meant by a homeowner insurance lead?
Homeowner‰Ûªs insurance leads is a lead which helps agents find customers who had just bought a new home. Homeowner‰Ûªs insurance leads use the principle of giving a consumer what they already want.
Can you explain what hazard insurance is and how it relates to a home loan?
Hazard insurance is a type of insurance that protects a homeowner against damage to their property caused by specific hazards like fire, theft, or natural disasters. Lenders typically require borrowers to have hazard insurance when taking out a home loan to protect their investment in case of property damage. If the borrower's property is damaged, the insurance helps cover the costs of repairs or rebuilding, ensuring that the lender's collateral is protected.
Does your homeowner insurance policy cover for damaged driveway caused by delivery truck?
this is something that you should discuss with the delivery company first. It is likely that their liability insurance would cover something like this. If not, then discuss it with your insurance agent. hope this helps!
Will you get a final check after all repairs are completed from the insurance company?
Some insurance adjusters will write you a check for the immediate repairs that are noticeable, However generally there are many repairs the adjuster does not notice until after the job is complete and or the job costs more than what he has allocated in any event you have the right for a reconsideration on all aspects. If the insurance company fails to fund as needed contact your state commissioner of insurance he/she will be glad to investigate the insurance company .(Insurance Companies worst nightmare because if they have many complaints the insurance commissioner can bar them from soliciting or providing insurance with in the state. Hope this helps
What is hazard insurance and why is it required for a mortgage?
Hazard insurance is a type of insurance that protects a homeowner against damage to their property caused by hazards like fire, theft, or natural disasters. It is required for a mortgage because it helps protect the lender's investment in case the property is damaged or destroyed.
Does auto insurance cover catastrophic engine failure?
No - auto insurance is not the same as a warranty. Insurance protects you against claims by other parties who may be injured by your bad driving, and, if you carry collision insurance, helps defray the cost of repairing your car after an accident.
What is the importance of mortgage hazard insurance when purchasing a home?
Mortgage hazard insurance is important when buying a home because it protects the lender's investment in case of damage or destruction to the property. This insurance helps ensure that the lender will still be paid even if the home is damaged, providing financial security for both the lender and the homeowner.
What are the benefits of having MPI (Mortgage Protection Insurance) for homeowners?
Mortgage Protection Insurance (MPI) provides financial security for homeowners by covering mortgage payments in case of unexpected events like death, disability, or job loss. This insurance helps protect the homeowner's investment and ensures that their family can keep the home even during difficult times.
What is the liability coverage provided by workers' comp insurance?
Workers' compensation insurance provides liability coverage for employers in case their employees are injured or become ill while on the job. This coverage helps protect the employer from potential lawsuits related to workplace injuries or illnesses.
Do I need workers' compensation insurance for my business?
Yes, in most states, businesses are required to have workers' compensation insurance to provide benefits to employees who are injured or become ill on the job. This insurance helps cover medical expenses and lost wages for employees. It is important to check the specific requirements in your state to ensure compliance with the law.
What is comprehensive insuarance?
Comprehensive insurance is a type of auto insurance that covers damage to your vehicle not caused by a collision. This includes protection against theft, vandalism, natural disasters, and animal strikes. Unlike liability insurance, which only covers damages to others in an accident, comprehensive insurance helps pay for repairs or replacement of your vehicle based on its value. It is often required by lenders when financing a car.
What is the point of the department of insurance?
Every state has a Department of Insurance that helps protect the consumer. It is for insurance advice and helps reinforce insurance-related laws that are specific by state.
