What is covered under Coverage A?
Coverage A must cover the cost of rebuilding your home at current construction costs. This doesn't include the cost of the land your home sits on. Coverage A is not the market value of your home or the amount you paid for it. Here's why: Chances are your home was built as part of a larger development.
What is your dwelling?
Your dwelling includes the house you live in and anything attached to the structure itself, such as a garage, deck or porch. It also includes any built-in appliances you may have.
Which of the following is covered under a dwelling policy?
Most homeowners insurance policies cover the following perils under dwelling coverage: Theft. Vandalism. Fire and smoke damage.
What does HO6 mean?
An HO6 insurance policy is homeowners insurance for those who own a condominium or co-op unit. As a condo or co-op unit owner, you own and are likely responsible for damages to your unit.
What are two things not covered by insurance?
Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered. Damage caused by smog or smoke from industrial or agricultural operations is also not covered. If something is poorly made or has a hidden defect, this is generally excluded and won't be covered.
Which of the following perils would be covered under a dwelling policy?
Most homeowners insurance policies cover the following perils under dwelling coverage: Theft. Vandalism. Fire and smoke damage.
What is a covered peril?
What is a covered peril? A covered peril is an event that your insurance will cover. When you file a claim for a covered peril — such as a lightning strike, fire, theft, vandalism, wind, or hail damage — your insurance company will reimburse you for the damage less your homeowners insurance deductible.
Which of the following is covered under a dwelling policy?
Most homeowners insurance policies cover the following perils under dwelling coverage: Theft. Vandalism. Fire and smoke damage.
What is covered under Coverage A?
Coverage A must cover the cost of rebuilding your home at current construction costs. This doesn't include the cost of the land your home sits on. Coverage A is not the market value of your home or the amount you paid for it. Here's why: Chances are your home was built as part of a larger development.
What is personal liability coverage?
What is personal liability insurance? Personal liability insurance is a comprehensive umbrella policy that protects you and your family against claims resulting from accidents or injuries caused to someone else or someone else's property.