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Look for the 'definitions' section of your policy. Make sure you have the full policy wordings, not just the declaration or cover page of your policy. The definitions will 'define' specifically both 'Dwelling" and "Structure". Structure is usually part of an insured building. Dwelling can either mean the building or everything within the property line or any number of things 'as defined'. If it is NOT defined or specified then the courts will usually find any ambiguity in favour of the homeowner. There is also a legal distinction between a 'sump' which is meant to get rid of water and can be inside the structure or outside and a 'well' which can be inside or outside as well. Normally a policy will never cover a well that falls in on itself - this is usually excluded under landslip / subsidence. Sometimes a homeowners policy may cover electrical components inside the well but not the well itself - such as submerged pump if it damaged by fire / impact or power surge (sometimes). If the item (either the well, the pump or it's supporting pipes and attachments etc.) just wears out and fails because it is old this is usually never covered as it is a maintenance issue.
What else can I help you with?
Can you have multiple car insurance policies with multiple insurance companies?
No. It is considered fraudulent.
Which insurance policy is considered primary if I have two policies?
If you have two insurance policies, the policy that is considered primary is typically the one that pays benefits first before the secondary policy.
Can you insure your dwelling for a value higher than the replacement cost?
Sure, insurance companies are delighted to sell higher priced policies, but they will only pay UP TO the value of the dwelling BEFORE the damage occured.
What are dividends paid on life insurance policies considered to be?
The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.
What are the dividends paid on life insurance policies considered to be?
The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.
Can you have 2 auto insurance policies at the same time?
No, you generally cannot have two auto insurance policies for the same vehicle at the same time. It is considered insurance fraud to have overlapping coverage.
Can a car have two insurance policies at the same time?
No, a car cannot have two insurance policies at the same time. It is against the law and considered insurance fraud to have overlapping coverage on a single vehicle.
Why is it considered a bad idea to get life insurance for a child?
It is considered a bad idea for a child to get life insurance because insurance policies are paid continuously. Compared to a child, whose life expectancy is longer, adults will get more from life insurance policies because they are more like to die soon.
Can you claim from two insurance policies for the same incident?
No, you generally cannot claim from two insurance policies for the same incident. This is known as "double-dipping" and is considered insurance fraud. It is important to review the terms and conditions of your insurance policies to understand your coverage and avoid any potential issues.
What does home owners insurance cover?
It depends on the type of policy that you have. Some cover the dwelling, its contents, other structures, liability protection for you and the insured's, some contents of premises, some personal property of others, and some have limited medical protection for visitors. Other homeowner policies are designed for renters and therefore do not cover the dwelling. All of this is subject to the limits of the policy which can range very much.
What are the different types of insurance policies available under house insurance?
The different types of insurance policies available under house insurance include homeowners insurance, renters insurance, and landlord insurance. Homeowners insurance covers the structure of the home and personal belongings, renters insurance covers personal belongings for tenants, and landlord insurance covers rental properties for property owners.
Is safeco insurance really considered safe?
According to most reviews, Safeco insurance is considered to be a safe, reliable insurance agency, offering various insurance policies on cars, houses and more. There have been no reports on it being an unsafe company.
