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If you have paid the additional premium for replacement cost contents coverage the insurance company initially pays the actual cash value of the damaged contents then, after you provide the insurance...

Should you decide to insure the home for less than the cost to rebuild there is language in the insurance policy that allows the insurance company to reduce the amount of the claim payment in the...

It is extraordinary to insure the home for the same amount as the purchase price 13 years ago. This may account for the difference between the adjustments over the past 12 years and the current 33%...

I am retired and have 5 more years before I am eligible for medicare. I have been continuously insured with group coverage from my last employer however, the premium is very high.

Two years ago...

An auto policy may list the covered causes of loss to your auto other than collision. This coverage is referred to "other than collision" in the policy. The intent is for the insurance company not...

From a insurance policy perspective there is language in the auto policy requiring prompt notification of a claim. Failure to promptly notify the insurance company may allow the insurance company to...

It is extraordinary to see separate limits of insurance for personal effects and contents. Unless you reside outside of the US the typical renters insurance policy has one limit of insurance for...

Long ago banks attempted and were unsuccessful forcing a home buyer to maintain insurance on the home. To resolve this problem the insurance companies offered banks a insurance policy that would...

Typically the insurance company knows what the going rate is for building repair and will pay any contractor if their bid is close to the insurance company's estimate for repair. Typically, the...

It is recommended to file a claim because auto insurance is purchased to transfer the risk of financial loss from the car owner to the insurance company.

The amount of the premium increase varies...

It is usual and customary for the insurance company to determine neglience, in lieu of, a building manager. A building manager may not want to report claims under the association's insurance policy...

Rate evasion is risky:

Unless the daughter/son is below a certain age and temporarily lives away while attending school there is language in the policy that allows the insurance company to deny...

The answer varies by insurance company and personal auto insurance policy.

To avoid any misunderstanding you may want to see it in writing. I know reading your policy is a hassel and confusing....

The quickest way to get your condo back to the way it was before the loss is to settle the personal property and floor damage with your insurance company. Your insurance company can go through the...

The typical condo assocation insurance policy insures the structure to the extent of the bare walls and floor. Therefore, the association policy would pay the cost to repair the drywall and the cost...

You may be prohibited from rebuilding the SFR due to the commercial zoning. A residential dwelling or homeonwer's policy contemplates rebuilding the existing structure and does not allow rebuilding...

Unless the home was purchased without a loan it would be rare for a home policy's effective date to be off by a month. When there is a mortgage there are several sets of eyes that look at the proof...

It is highly likely the insurance company will pay the $2,000 to settle. If you have the time try to meet with the adjuster when they inspect the ML and have your RAV there to discuss with the...

Typically, customers you plan events for do not want to be involved in lawsuits arising out of an event you planned. Also, if a planned event is taking place away from the customer's place of...

A employer may obtain coverage in the event they are named as a defendant in a auto accident when an employee was using their owned/leased vehicle on company business. The reason this coverage is...

The usual and customary time to switch insurance companies is on the date that the current insurance policy expires. This is commonly referred to as the "expiration date". All insurance policies...

It sounds like this is a generic accident policy designed for the sedentary lifestyle. The insurance marketplace tends to specialize to capture marketshare. I suspect there are nongeneric accident...

Depending upon who leases the vehicle will determine the policy. A commercial auto policy if the vehicle(s) is/are leased by the business otherwise a separate personal auto policy for each staff...

Landlord is a word used primarily in real estate contracts that relates to owning a building. Building owner, in lieu of, landlord is primarily used in insurance policies. As a building owner you...

It is good that you are reading the policy. The policy should have a section entitled "definitions" that should include a definition of an accident. Generally, the accident policy does not want to...