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Liability Insurance
Liability insurance is a system designed to protect the insured from lawsuits and similar claims. Generally, its policy does not cover contractual liability as well as damages caused intentionally.
1,430 Questions
Am I liable if my tree fell on neighbor's car during cyclone?
No, Nobody is liable for an act of Nature
What is the definition of general liability classification code 99613?
Antenna repair, installation, maintenence.
What is course of construction insurance?
COC Insurance, Also known as builders risk, covers the property value of the project while under construction. Normal commercial property or homeowners policies will not apply to buildings under construction so COC/ Builders Risk is written instead. Make sure you work with an experienced course of construction broker, since the policies can be very complicated.
Chris Larmore - Parenti Insurance
Broad form completed operations?
The BFCO extension narrows the excluded portion of "your work" to exclude only the
portion that was defective and caused the damage to the other work that was not
defective, with this extension the CGL will now cover all property damaged by the
negligent work of the insured including all parts of "your work" that were not defective or performed negligently.
Does homeowners insurance cover re-drilling water wells that become dry?
No, Homeowners insurance is "Hazard Insurance" for losses to your home from the specified covered perils detailed in your policy.
Covered perils are typically losses resulting from Fire, Lightning, Wind and Hail. Home insurance does not cover normal and expected maintenance or repair expenses that are considered incidental to home ownership.
It's no different than a clogged drain for example, If it's not the result of a covered peril then it is not covered. Normal Maintenance, Repairs or Home Updates are not hazard losses.
What is the key difference between an umbrella policy and excess liability policy?
similar - umbrella usually a personal lines excess coverage. excess liability policy could be anything. Both are designed to provide another layer of protection over and above the underlying policy(ies)
Do I need homeowners Insurance after I pay off my mortgage?
Only a lien holder can require a borrower to carry insurance.
How do you find cheap life insurance?
There is a tendency for online insurance providers to list insurance policies on the basis of their premiums. The lowest premiums are the ones highlighted and many of us tend to get swayed into choosing these options blindly. There is no use in getting carried away in such instances. The only way to get cheap life insurance (aside of course from being healthy and buying your policy when you are young) is to choose a service provider that takes into account all details of your health and lifestyle and offers you the most affordable solution for your particular needs. Faced with hundreds of options, you can only answer the questions asked as honestly as possible and make a well-informed choice from the options made available for you.
How can you make money on vacant land?
You can grow things on it. You can rent it out as parking or storage areas. You can use it for local sales (farmer's markets, swap meets etc.). Mostly depends on location and size.
Are Residents excluded from homeowner's liability coverage?
if they don't meet the definition of an insured (related to you or under 25 and in your care) then they would be excluded from coverage
i think "think" is the word here that it means $10,000 vehicle damage coverage,$20,000 bodily injury coverage and $10,000 personal property damage coverage
Not necessarily. It all depends on what type of company it is and whether or not they need bonding.
What are the difference between the Insurance policy and insurance certificate?
The insurance policy is the product you have purchased, it has lots of definitions, clauses and limitations. The insurance certificate is issued to you so that you can prove to a third party (eg the police if it is for auto insurance) that you have a valid insurance policy.
What does liability insurance protect against?
You can be sued for injuring someone, even unintentionally (as when someone gets hurt on your property). Then you are liable for damages. Liability insurance pays the damages if you lose a lawsuit.
What is the average cost for COMMERCial liability insurance for a company?
The rate is based on the type of business you have and the gross receipts or payroll.
What is the average cost for liability on a car insurance?
what is average amount of liability insurance for cars in new york
Do you pay taxes on a rental property insurance claim?
Probably not. As long as the payment your addressing is for a loss of something tangible, say to restore damage to the roof, the payment isn't taxable UNLESS you took the casualty loss on your tax return for that item. (You can't take the loss and exclude the income - one or the other. Makes sense because if your getting paid for the loss, well then you didn't really have one).
