Sentences with phrase «example of a homeowners policy»

There really isn't a «typical» example of a homeowners policy in Connecticut, because every home has different risks associated with it, and every insurance company has a different calculation for risk.

Not exact matches

Think of it as a homeowner who borrows based on the inflated value of a home: When this «carbon bubble» bursts — for example, when governments finally enact policies to restrict or penalize the burning of carbon — the devaluation of fossil fuel reserves may be even worse than the housing bubble that sent shock waves down Wall Street five years ago.

For example, if you recently bought your house for nothing down with a 100 percent mortgage, you don't need a homeowner's insurance policy for the amount of your mortgage balance.

For example, usually at the end of the auto insurance quote process, your insurer will ask if you wish to add your home for a homeowners policy as well.

For example, a lender - forced policy will appropriately cover the physical dwelling itself but might fall short in terms of personal property coverage because they have no financial stake in a homeowners possessions.

Mississippi Insurance in Mississippi is a great example of intra state inequity, as it has among the best value for auto policies and among the worst for homeowners premiums.

For example, an umbrella policy can extend the liability to $ 1 million or more above the $ 250,000 limit of liability that might be in a basic homeowners policy.

By way of example, some common «homeowners» policies that are not always for people who own the entire structure and the land on which it sits include:

For example, regular homeowners insurance policies don't protect you financially in the event of a flood or earthquake.

For example, you may have a $ 1,000 deductible on your homeowner's insurance policy which means that in the event of a covered claim you would have to pay $ 1,000 out of pocket before the insurance company would begin paying for damages.

In the latter example, a «walls - in» condo policy would not meet the needs of the homeowner.

Mississippi Insurance in Mississippi is a great example of intra state inequity, as it has among the best value for auto policies and among the worst for homeowners premiums.

Many people who have homeowners insurance or renters insurance are adequately covered, but a huge number are not, because there are policies that exclude accidents involving all animals, all dogs or certain breeds of dog, and there are other polices that impose a lower limit of coverage — for example, a policy with a $ 300,000 limit for personal injuries might have a $ 25,000 limit if the injuries are caused by a dog or other animal.

Here are examples of the size of potential discounts that insurance companies offer to homeowners who bundled their home and auto insurance policies.

(Another example of a first party claim is one that you make under your homeowner's policy for weather damage to your house.)

For example, a homeowner's insurance policy will normally include liability coverage which protects the insured in the event of a claim brought by someone who slips and falls on the property; automobile insurance also includes an aspect of liability insurance that indemnifies against the harm that a crashing car can cause to others» lives, health, or property.

Increase the amount of liability coverage included in your homeowners policy, for example to $ 300,000 or $ 500,000, to help cover the cost of a large legal claim, medical expenses and property damage.

For example, in 2002 Maryland banned the use of credit in homeowners insurance and significantly restricted its use on auto policies.

So, for example, if your homeowner policy provides coverage for any of the above, or if it was your automobile that was damaged, then the claim would go to the primary insurer first, and then the AMA would respond as secondary.

For example, if an all - risks homeowner's policy does not expressly exclude hurricane damage, then the house will be covered in the event of a hurricane.

Personal Accident — this insurance is a little less common than other forms of personal lines insurance but is designed to cover the purchaser of the insurance policy against forms of personal injury (of an accidental nature) that are not covered by other forms of personal lines insurance — for example both auto insurance and homeowners insurance may include some form of personal accident coverage but the terms under which they may be claimed are limited.

For example, if you have homeowners insurance as well as automobile insurance, you may bundle them into one policy and save up to hundreds of dollars each year by using the same company for all your insurance coverage needs.

To use a a homeowners policy example, a deductible would apply to property damaged in a rogue outdoor grill fire, but there would be no deductible against the liability portion of the policy if a burned guest made a medical claim or sued.

For example, you'll receive more of a discount for a homeowners / auto policy than a renters policy.

If flooding occurs because of the natural disaster, for example, your homeowners policy will not cover the damage.

For example, it will extend the same limit of coverage onto your homeowner's insurance policy.

For example, if your homeowners policy were to cover your house at a value of $ 300,000, your personal belongings limit would be $ 150,000.

For example, a home insurance policy provides the primary liability for a loss, once the amount of money in the homeowner personal liability is exhausted or maxed out, then the umbrella insurance kicks in.

For example, usually at the end of the auto insurance quote process, your insurer will ask if you wish to add your home for a homeowners policy as well.

For example, if you choose to add your boat to your homeowners insurance policy and you have $ 100K liability coverage, then that is the amount of liability that you will have on your boat as well.

Residents looking to reduce the cost of homeowners insurance or get the lowest rates and quotes possible can install safety equipment like window bars or fire and burglar alarms; discounts on homeowners insurance are also given to newly constructed homes, homeowners who have not made any claims on their policy, and those who have multiple policies with the same provider (for example, getting homeowners insurance and car insurance from the same company will often get you a discount on one or both of the policies).

Here are some examples of the ways in which the personal liability coverage in a homeowners insurance policy may help protect you.

As an example, if your deductible had been $ 1000, but you can financially handle a $ 2000 expense in the event of a claim, raising your deductible to that amount can save you money on your homeowners policy.

For example, if the policy holder lives in an area prone to hurricanes or tornados, any damage to the vehicle may fall under the policy holder's homeowner policy or the homeowner's insurance policy of the person where the vehicle was located during the storm.

For example, should the injured party be critically injured or maimed as a result of your dog attacking them, you could lose your home if your homeowners insurance or renters insurance policy is limited to $ 100,000 liability coverage and you're sued for millions.

In the event of a fire at your condo, for example, that homeowners or landlords policy would likely cover the losses to the physical structure and the owner of the Norwalk building would be paid for their loss.

For example, if you have a homeowners insurance plan in addition to the auto insurance policy with a single insurer, usually it pays in the form of savings on both policies.

In the latter example, a «walls - in» condo policy would not meet the needs of the homeowner.

By way of example, some common «homeowners» policies that are not always for people who own the entire structure and the land on which it sits include:

If, for example, your best friend slipped on a walkway and broke his arm when he fell, the bodily injury portion of the homeowners policy would pay for his medical care.