Personal property is covered at the current cost to replace the property, which means that you can replace your belongings with like kind and quality if they are
damaged by a covered loss.
As the name suggests, a Replacement Cost policy will pay up to policy limits the cost necessary to replace property
destroyed by a covered loss, with no deduction for depreciation.
That additional living expense coverage is part of your policy, as well, and it's triggered
by a covered loss such as a fire.
You saw above how your personal property is covered — you'll get the cost to replace items that are damaged or
destroyed by a covered loss.
This coverage may help pay to repair or replace the structure — up to the limits stated in your policy — if it is
damaged by a covered loss.
Agree on the value of your car when writing your policy and get that exact amount if your vehicle is stolen or
totaled by a covered loss.
Its going to insure its own appraisals for real estate investors and
lenders by covering the losses of lenders and investors when «a valuation inaccuracy is discovered» in the case of loan default, foreclosure or buyback.
Leasehold Interest — Property insurance covering the loss suffered by a tenant due to termination of a lease because of damage to the leased
premises by a covered loss.
Emergency Expenses Coverage pays for lodging or travel home if your rig is damaged or destroyed
by a covered loss more than 50 miles from home.
In cases where the sale of the home is not enough to pay back the reverse mortgage, the insurance protects the borrower or estate from owing more than the sale
price by covering losses incurred by the lender.
Coverage that pays additional expenses when a policyholder has to move out of their residence while repairs are made, as a result of damage
caused by a covered loss.
If you need somewhere to stay while repairs are being made, loss of use coverage is
triggered by a covered loss and can take care of the costs of a hotel and other associated additional living expenses.
Agreed Value Coverage: Agree on the value of your car when writing your policy and get that exact amount if your vehicle is stolen or
totaled by a covered loss.
Loss of use coverage pays for a hotel and other additional living expenses caused
by a covered loss, and your Princeton, NJ renters insurance will be available to help you with those costs.
It's important to remember that loss of use coverage is triggered
by a covered loss.
Additional living expenses will not be paid on your policy unless those expenses are triggered
by a covered loss.
Loss of use coverage is triggered
by a covered loss, and since fire is a covered peril, you'd have coverage in that example even if you weren't the one that suffered the fire directly.
Triggered
by a covered loss, this pays for additional living expenses arising from a covered loss.
Broke former lottery winners and broke people in general can't buy new property, and renters insurance will generally include replacement cost coverage to allow you to get new things if your property is stolen or damaged
by a covered loss.
It's triggered
by a covered loss — so any loss that would cause you to use your personal property coverage, essentially.
Loss of use coverage on renters insurance is triggered
by a covered loss.
Rental reimbursement coverage, for example, provides for a rental car if your vehicle is damaged
by a covered loss.
Your own renters insurance policy may be a good way to help protect your belongings should they be stolen or damaged
by a covered loss.
Provides coverage for the cost to repair or rebuild your home if the damage was caused
by a covered loss.
If your renters insurance deductible is too high, you run the risk of not being able to replace all of the property that was damaged or destroyed
by a covered loss.
This coverage may help pay to replace your belongings, such as furniture, clothing or electronics, if they are stolen or damaged
by a covered loss.
Announcer (voiceover): The personal property coverage of your homeowners insurance could help protect you in the event that your personal belongings are damaged or destroyed
by a covered loss.
If your personal possessions were to be damaged (
by a covered loss), chances are your landlord won't be paying to replace those items.
Personal property coverage offers replacement cost on the things you own that are damaged or destroyed
by a covered loss.
If your renters insurance deductible is too high, you run the risk of not being able to replace all of the property that was damaged or destroyed
by a covered loss.
Loss of use coverage pays for a hotel and other additional living expenses caused
by a covered loss, and your Princeton, NJ renters insurance will be available to help you with those costs.
In the unfortunate event that your home is destroyed
by a covered loss, an Agreed Loss Settlement will provide the full amount of insurance that you've purchased on your home, minus any applicable deductible.
«If you are traveling and your personal belongings are stolen or damaged
by a covered loss, your renters insurance will cover you, even if you are traveling through Europe or relaxing on a tropical beach somewhere,» says Lozoya.
A State Farm ® Rental Dwelling policy can help pay for property damage, injury and liability claims made against you, even loss of rental income if your property is damaged
by a covered loss.
If your rental property is damaged
by a covered loss, such as a fire or tornado, and the damage keeps you from renting it out, most policies will reimburse you for the income lost during that time.
Personal property is covered at the current cost to replace the property, which means that you can replace your belongings with like kind and quality if they are damaged
by a covered loss.