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Insurance Journal
Dec 1
Comment
A Kansas City-area state House member who has served as the chairman of the House Insurance Policy Committee is resigning his seat in Missouri's Legislature.
Republican Brian Yates, of Lee's ...
Insurance Journal
Nov 30
Comment
State Farm Lloyds has filed an appeal to a Texas Department of Insurance order to pay home insurance policyholders $310 million in refunds and interest for alleged overcharges going back as ...
Insurance Journal
Nov 10
Comment
The Property Casualty Insurers Association of America (PCI) says the Michigan Board of State Canvassers' approval of a petition for a ballot initiative to overhaul auto and homeowners insurance ...
guardian.co.uk
Nov 8
Comment
The steep rise in insurance costs since 2007 has left homeowners unable to get cover or move house
Flood victims continue to face spiralling costs for home insurance as excesses for flood cover rise to levels that are making their properties...
The Economist
Nov 2
Comment
Can we learn anything from Florida's public disaster insurance?
ALEX TABARROK sees a parallel between a public option in health care markets and Florida's publicly-provided homeowner's insurance option. He links...
Insurance Journal
Oct 23
Comment
Florida's state-backed property insurer has taken a second look at a home with corrosion from defective Chinese drywall and decided to renew its homeowners' insurance policy on the house after ...
Insurance Journal
Oct 22
Comment
Universal Property and Casualty Insurance Co. (UPCIC) reports it has received approval for a premium rate increase for its homeowners program in Florida.
The premium rate increase, which will ...
Insurance Journal
Oct 15
Comment
Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two ...
Insurance Journal
Oct 13
Comment
The board of Louisiana's "last resort" homeowners insurance company wants to quiz the legislative auditor over a $480,000 price tag for a review of the firm's 2008 finances.
The governing ...
Insurance Journal
Oct 12
Comment
With the first big rain storm of the year bearing down on Northern California, the California Department of Insurance has put out an advisory to the public to check their homeowners insurance and ...
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Understanding Homeowners Insurance
Property Protection
- Dwelling usually covers the house, any attached structures, house fixtures, plumbing, heating, in-built air conditioning systems and electrical wiring.
- Other Structures, other than those used for business purposes, covers detached structures like garages, storage sheds and land fixtures.
- Personal Property covers all personal items in your home that are owned by you or family members who live with you. Protection for these items depends on actual cash value or replacement cost.
- Loss of Use covers expenses in excess of your normal living expenses should you be forced to live anywhere other than your home during repairs or a government injunction.
- Endorsements can be added to your homeowners insurance policy at an additional cost to provide extra protection against occurences like theft, inflation, credit card forgery etc.
Liability Protection
- Personal Liability protects you and family members that live with you from a claim or lawsuit arising from bodily injury or property damage to others caused by an accident on your property. It generally does not provide protection for vehicle- and business-related incidents.
- Medical Expenses, as the name indicates, pays the medical expenses for individuals who are accidently injured on your property, regardless of who is at fault for the injuries. It does not cover injuries to you or family members that live with you.
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