The phrase
"damage property" means to harm or destroy things that belong to someone else.
Full definition
With replacement cost, the insurance company pays you the cost of
replacing damaged property; there is no deduction for depreciation but there is a maximum dollar amount.
It pays for the full cost
of damaged property replacing without a dollar limit or a deduction for depreciation.
Actual Cash Value Cost to repair or replace
damaged property with materials of like kind and quality, less depreciation.
This money is meant to cover lost wages, hospital and medical bills, and repairs
for damaged property or vehicles.
Typical examples include if a customer is injured at your place of business, or say an employee
damages property at a client's site.
In some cases the previous owners of the property may leave trash or items that must be removed or even
damage the property as they leave.
With renters insurance, you can replace your stolen or
damaged property due to a fire or natural disaster fairly easily.
Replacement cost coverage will pay the costs to repair or replace
damaged property by a covered cause of loss without a deduction for depreciation.
When a driver is deemed at - fault in an accident, this money will go towards repairing or replacing the vehicle or
other damaged property of people who were not at - fault.
These coverages can help pay the cost of damages if a driver hurts another person or
damages property while driving.
Unlike the inspectors on television home shows, real - life, «certified» inspectors wo
n't damage a property during the inspection.
It's a good idea to review the policies you carry to make sure they will provide adequate coverage in the event that a
fire damages your property.
Commercial auto, which
covers damaged property and medical bills resulting from an automobile accident if the business owner or an employee is found at fault.
Insurance coverage typically pays for expenses to
damaged property such as vehicles, homes, and buildings.
When you are behind the wheel, you may have an accident
which damages the property of others, and this is covered by property damage coverage.
As you would expect, the third party is the injured individual or the person
owning damaged property affected by an accident that may lead to a civil liability suit.
The heavy winds of a tornado can cause destruction to roofs and windows, thereby
damaging the property within, as well as outside, the home.
If you own a home, you likely have insurance to protect you financially if a natural disaster, fire or other
event damages your property.
That's why you need proper protection if a thief
damages property like windows and doors or steals your personal items like electronics and jewelry.
A mild one can shake the ground enough to
damage property inside a home, especially tall furniture and things on shelves.
Since damaged property can most often only be replaced with new, one might feel that an insured actually benefits by getting new property in place of old.
On the other hand, a replacement value policy will provide compensation to rebuild or replace your lost or
damaged property after an incident such as a fire.
We don't discriminate against
water damaged properties; in fact we'll buy a house of any condition and even give you cash to get it off your hands quicker!
The renters policy can also pay for the removal of the renter's
damaged property left behind after such a disaster.
Policies cover damage to the building itself and may also cover damage to nearby structures, personal property and expenses associated with not being able to live in or
use damaged property.
Local governments will set the threshold for how
much damage a property must have suffered to qualify; it can be set as low as a 10 percent loss of value.