Sentences with phrase «building coverage pays»

Building coverage pays for damage to the building and its foundation, electrical and plumbing systems, furnaces and air conditioning units, built - in appliances, and permanently installed carpeting over unfinished floors.

Not exact matches

As with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiums.

When done right, social media marketing can help to generate traffic to your website, build your audience, foster positive and meaningful engagement with your customers, and even pay off with earned media coverage.

This whole ridiculous concept that brought us the weekend, paid holidays, 40 hour work weeks, medical coverage, ended child labor and built a solid middle class after the war?

Alliance is proud to offer competitive salaries and a personalized health benefits package, built from a choice of medical, dental and vision coverage plans with a fully covered monthly premium for an individual employee (up to $ 750 / month), and generous retirement and paid time off benefits.

This is essentially the same product, as it offers coverage for a pre-determined number of years so long as you consistently pay the premiums, however builds in flexibility regarding the exact time length.

As with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiums.

Aside from the length of coverage, the main difference that defines whole life insurance is that it contains a savings component that builds cash over your life out of the monthly premiums you pay.

By having liability coverage on your renters insurance in New York, you have a way to pay for the damages to the building and the other tenants.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.

Liability insurance is perhaps the most important coverage of all because it protects whomever was responsible for the fire from having to pay for the damage to other's property, as well as to the building.

Many people choose to pay the maximum premium possible for the first several years of coverage in order to build a large cash value, then use the cash value to pay premiums later on.

Building Property Protection This type of coverage typically helps pay for repairs to the walls of your condo unit and its interior, which could include items such as built - in bookcases and fixtures, if damage is caused by a covered peril.

If they park their car in your living room, do you think $ 10,000 is going to be enough coverage to repair the building and pay for the damages to your things?

When their health insurance company is looking for reimbursement for the hospital stay resulting from your fire, when the people who lost everything want to be paid for their personal property, and when the owner of the building wants his deductible back, you'll be glad you have renters insurance liability coverage.

The neighbor's liability coverage would pay you the actual cash value of your stuff, but that doesn't buy you new property after the fire, or after a theft caused by the neighbor letting someone into the building who shouldn't be there.

Universal life insurance is a form of permanent coverage, so the policy stays in - force so long as you continue to pay premiums and it builds a cash value.

Liability coverage pays for the damage to the building in a situation like that.

Permanent coverage has the potential to build cash value, which means that, generally, the premiums you pay (1) grow with interest; (2) can, in some cases, be borrowed against; and (3) on indexed and variable policies, can be placed within investment accounts.

Without health coverage, medical bills can build up to such an extent that there is never any likelihood a person would ever be able to afford to pay them in full.

With these plans that build cash value, as long as you pay the monthly premiums, you'll never have to reapply for insurance coverage again.

Building ordinance and law coverage pays for the cost of repairing or replacing damaged or destroyed property to meet current local building codes and ordBuilding ordinance and law coverage pays for the cost of repairing or replacing damaged or destroyed property to meet current local building codes and ordbuilding codes and ordinances.

So if some catastrophe — be it a fire, storm, or toxic chemical spill — destroyed the building or polluted the property, you would have coverage to help pay for costs and damages.

So, if your condo building's roof is damaged and each unit holder needs to pay $ 5,000 to cover the repairs, the loss assessment coverage will pay the $ 5,000 on your behalf (minus any deductibles).

If you have a fire or are liable for unintentional damage to the building then the liability coverage will pay the landlord for the damages.

However, this coverage will also pay if you damage a building, sign, lawn, fence, or any other piece of property.

The executive classic policy adds coverage for home survey to establish reconstruction costs, a non-deductible option for depreciation of contents, coverage to pay for reconstruction with the same quality or higher building materials, identity theft, legal expenses up to $ 25,000 and coverage for sewer back - up.

Different carriers have built - in features on their base policy — things like residual coverage or own occupation coverage (meaning the policy will pay if you're still able to do some work, but unable to continue doing your current occupation).

Aside from the length of coverage, the main difference that defines whole life insurance is that it contains a savings component that builds cash over your life out of the monthly premiums you pay.

It provides lifetime coverage, provided premiums are paid and the coverage remains in force, and builds cash value.

For instance, you can reduce your coverage, pay your yearly premiums all at once, get good grades (if you're a student), build a good credit score, choose paperless billing, keep your mileage down, or buy a car with side and full - front seat air bags.

Key Consumer Tip: Many factors determine what you'll pay for homeowners insurance, so whether you're buying or building a new home or just reviewing the cost and coverage under your current homeowners insurance policy, be aware of what affects your bottom line.

The policy offers additional optional coverages for small business owners who also own their own buildings: It pays out if your building is destroyed and it costs more to demolish and rebuild it to code than its previous value; it provides full glass coverage and full sign coverage; it provides additional coverage for damaged landscaping; and it extends coverage limits for newly acquired buildings.

The damage done to the apartment building's common areas − such as its lobby, business center or fitness center − would only be covered if the owners of the building paid for terrorism coverage.

As with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiums.

USAA offers the following coverage options for condo owners: personal liability, personal belongings, building items (plumbing, countertops, fixtures, etc.), and assessments for shared losses (coverage if you must pay the condo association for an assessment).

These payments can be directed to pay the policy's premiums, enhance coverage, or build cash value.

Unlike traditional term insurance, ROP policies build cash value and are a great alternative if you don't mind paying a little higher premium for the guarantee of all your premiums back if you outlive the level coverage period.

The size of your house, your credit score, your house's building materials and the crime in your area will all impact how much you pay for homeowners coverage.

For example, this coverage flexibility can help you build your children a solid future or it can help you avoid paying premiums during your retirement.

Many people choose to pay the maximum premium possible for the first several years of coverage in order to build a large cash value, then use the cash value to pay premiums later on.

Liability insurance is perhaps the most important coverage of all because it protects whomever was responsible for the fire from having to pay for the damage to other's property, as well as to the building.

This coverage will pay up to $ 1 million for damages to other people's property such as buildings.

You'll generally utilize the loss of use coverage first, because that will pay for your immediate costs caused by a fire loss, such as a hotel and meals you might normally have cooked at home but can't until the fire department clears the building for you to return.

First, there is building property coverage that helps pay for damages done to your home's physical structure.

So if some catastrophe — be it a fire, storm, or toxic chemical spill — destroyed the building or polluted the property, you would have coverage to help pay for costs and damages.

Even though permanent life insurance can build up considerable cash value over time, life insurance should never be purchased solely for savings or investment, as a large percentage of the premium on most any policy will be going towards paying for death benefit coverage and other policy expenses.

Renters insurance coverage shields you from having to pay out for any damages you accidentally cause to your apartment, the common building where you reside, or any other resident's property.

For example, because this type of coverage includes a cash value component, an insured can build up savings on a tax - deferred basis to use for a number of needs, such as paying off debts, funding a child or grandchild's college education, or supplementing retirement income on a tax - free basis.