Most people believe that lump sum option is the only type of payout. (policybazaar.com)
Depending on the type of homeowners insurance you purchase you could be looking at several different types of payouts. (simplethriftyliving.com)
On the other types of payout limits — annual and lifetime — we think they're totally fine as long as they're high enough to cover a worst case scenario (which can run upwards of $ 20,000 for certain conditions). (policygenius.com)