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COVERAGEHomeowners - The standard homeowner policy is written with a deductible and provides replacement coverage on the home and contents. Limitations on coverage for certain property and standard exclusions for certain losses differ from company to company. Read your policy and know what you have and do not have! Call our office for contract terms and interpretation. Older homes may be written on a market value basis or actual cash value basis depending upon the insurance company. Condominium coverage - This is a form of homeowner coverage which provides dwelling coverage on that portion of the condo which is not covered by the association's master policy. It also provides protection for your contents, loss of use and personal liability as well as for certain loss assessments made against you by your Association. Coverage terms differ in every condo association and thus is important to know what the association covers in order to properly tailor a policy for your situation. Renters - Renters insurance is a form of homeowner coverage which protects your contents in the event of a loss from a covered peril. The liability coverage under the renter's policy protects you if you are sued for accidentally causing injury to others or for damaging their property. The policy also protects you from liability which may arise from a fire in the unit which you rent. |
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