What Does My Homeowners Insurance Cover?
Homeowners insurance is designed to financially aid homeowners in the event a disaster occurs on the property. It can also protect the household from being liable for damages and injuries inflicted on others and other people’s properties. This policy protects you against the following perils:
• Fires
• Lightning
• Explosions
• Falling objects
• Ice, snow, or sleet
• Volcanic eruptions
• Electrical current problems and damage
• Theft, vandalism, and malicious mischief
• Riots and other types of civil disturbances
• Damage caused by aircrafts and vehicles
• Overflow or freezing of pipes, heating or AC problems, fire sprinkler damage, faulty household appliances
• Most other disasters excluding specific perils not stated in the policy
When it comes to coverage, it covers the cost of the damage inflicted on the following items, structures, and other expenses:
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Liability
Liability coverage protects you (the policyholder), the family, and your pets against lawsuits for property damage or bodily injury. It will pay for the court costs and any compensation the court orders you to pay.
It’s also beneficial to get a no-fault medical coverage. In the event a neighbor gets injured in your home, the no-fault policy will not only cover your neighbor’s medical expenses. The no-fault medical coverage won’t cover your medical bills. For that, you’ll have to turn to your health insurance provider.
Additional Living Expenses (ALE)
If the disaster has devastated your entire property, ALE will help you recover. This policy covers the cost of the following:
• Temporary lodging or hotel bills
• Restaurant meals
• Other daily expenses (e.g. washing clothes)
However, the coverage of ALE can vary from company to company so it’s wise to discuss this policy with your
Vicarious liability assigns liability for an injury to a person who did not cause the injury but who has a particular relationship to the person who did
If you are looking for a new house, you have probably heard the terms PMI mortgage insurance and homeowner tax deductions, among a plethora of other terminology you don 't normally come across unless you are ready to buy a home. So what exactly does it all mean and why should you care? Well, the more educated you are when it comes to the home buying process the more likely you are to make better financial decisions based on your particular situation and the less likely you are to make any devastating mistakes. Real estate is extremely complex and not having at least the basic knowledge of the process could ultimately cost you dearly. Therefore, we are going to explain to you what the term PMI means and why you should care. Then we are going
Margaret Russell is the owner of the dog (Scooter). After the first attacking from on Miss June, Miss June went to the complex management and told them about what happened with scooter and about his behavior and who is the owner. On other hand Miss June with some neighbors placed a notice about scooter and his dangerous behavior around the complex but they did not tell Ms. Margaret Russell directly. Ms. Margaret Russell was not know about her dog’s behavior because they did not tell her about it and she maybe is old women, so she could not go to the mail box or maybe someone brought the mail to her. As a result Ms. Margaret Russell does not responsible by principles of strict liability and she does not condemned because what happened was without her knowledge. Otherwise there are some facts that said, “Ms. Margaret Russell knew scooter could jump over the metal railing and go out the apartment” that means she is maybe responsible by the negligence. Under the rule that common in In Paul MARSHALL, Petitioner v. John C. RANNE, Respondent case that said, “All animals are not vicious and a possessor of a non-vicious animal may be subject to liability for his negligent handling of such an animal” Marshall v. Ranne, 511 S.W.2d 255,259 (Tex.1974). In fact Ms. Margaret Russell believed that “..Dog will be dogs” which means she know the dog even if he was not vicious he is still has the hostile behavior that every dog has it normally when he sees some strange people. Moreover she
Liability for negligence is a civil matter. In liability negligence, the victim has to be able to prove that the defendant has legal obligations, and the obligations was breached, and that they have received foreseeable harm as a consequence of the negligence alleged. If the victim can prove that there was a breach of a legal obligation then he/she will be awarded damages based on the basis of the harm caused or loss sustained.
There are several issues concerning the uninsured and underinsured patient population in America. There are many areas of concern the congressional efforts to increase the availability of health insurance, the public image of the insurance industry illustrated by the movie "John Q", the lack of good management tools, and creating health insurance coverage for all low income Americans. Since the number of uninsured Americans has risen to 43 million from 37 million in the flourishing 1990s and could shoot up even more severely if the economy continues to decrease and health care premiums keep increasing (Insurance No Simple Fix, 2001).
What is Accidental death & dismemberment insurance? According to the definition from Bearu of Labor Statics its term used to “describe a policy that pays additional benefits to the beneficiary if the cause of death is due to a non-work-related accident. Fractional amounts of the policy will be paid out if the covered employee loses a bodily appendage or sight because of an accident”. ("BLS Glossary", 2016) This program does not stop you from receiving additional life insurance. This insurance program covers many forms of incidents such as Traffic accidents, homicide, falls, and heavy machine accidents and drowning. Now with these incidents there are a couple of incidents that are not covered suicide, war injuries, drugs and alcohol. If you have any drugs or alcohol in your system when the accident occurs they insurance company has the authority to withhold those
When you or your loved one walks into a business or is invited onto private property , you expect to be walking into a safe environment. Business are responsible for taking certain measures to ensure the safety of you and your loved one. If you become injured because of a property owner 's failure to keep their property free from hazards, hidden or known, you may have a legal claim against the property owner. This is a premise liability case. Below are some frequently asked questions and answers regarding premise liability claims.
Many people have no clue as to what types of water damage is covered under their home or business insurance policy. Homeowners and business owners are becoming confused, hearing about mold insurance claims getting denied, and lots of questions arise about water damage to their homes. This article will go on to explain what types of damage is covered by your home insurance or your business policy and what you should do if your house has damage. What Water Damage will your Home Insurance Policy cover? Homeowners policies don't cover damages from a flood, you would need to purchase flood insurance if you want to be specifically covered for water damage caused by a flood.
In this discussion post I will discuss information related to current health care reform and civil rights. Health care policies related to access, equity, quality, and cost will be included. I will discuss what health care reform mean to the uninsured and underinsured. The limited access to vulnerable populations will also be covered. I will also discuss what nursing can do to help increase awareness of civil rights in health care.
Car insurance is essentially vital and the repercussions of not getting car insurance become evident when you get into a car accident. If you have car insurance (comprehensive car insurance, third party, fire and theft insurance, or third party only insurance), your insurance will automatically cover any damage costs to the other person’s vehicle when you are
Valley residents will start receiving their property assessed value notice beginning March 1, 2007. Most folks are shocked to find out that assessed values are not appraisals. Assessed values for homes are usually based on the sales prices of other homes in the area, the size of the home and the quality of construction. Typically, unless you invite the assessor into your home, they are basing their valuation only on what they can see and measure from the outside.
For example, if you have a dwelling coverage limit of $200,000 and your coverage for personal property is limited to 50% of your dwelling, your coverage for personal property would be $100,000. Is this enough for your personal property ie the value of your possessions? Or should you add additional coverage because of that expensive piece of art or collection of coins? Check your policy and choose your limits for personal liability and medical payments according to your current
Strict liability arises in the animal context when the animal at issue is either a wild animal or a domestic animal with a known vicious propensity. This principle is the origin of the well-known “one bite” rule for dogs. Strict liability, sometimes called absolute liability, is the legal responsibility for damages, or injury, even if the person found strictly liable was not at fault or negligent. Under a rule of strict liability, proof of causation is a necessary condition for liability. The early common law distinguished between wild and domesticated animals for purposes of imposing liability on their owners. Owners of fierce or wild animals were absolutely liable for harm caused to others. However, owners of domesticated animals, such as dogs, were liable only if they had scienter; that is, the owners were liable only if they knew of the animal’s dangerous or mischievous propensities. Tort law has traditionally sought to balance the “usefulness” of an animal with the risk it represents to the public. Common law torts is a legal structure that seek to allocate risk among the members of society; the more valuable a particular activity to society, the more willing is the society, through its legal rules, to shift risk of the activity to others.
Health care has always been an interesting topic all over the world. Voltaire once said, “The art of medicine consists of amusing the patient while nature cures the disease.” It may seem like health care that nothing gets accomplished in different health care systems, but ultimately many trying to cures diseases and improve health care systems.
As I started my Health Insurance class my belief was that this class will be pretty easy as I am familiar with much of the medical field. Personally having multiple illness’s and having three special needs children, personally I have learned so much within the medical field. However, as I began reading Chapters 1-3 in my Understanding Health Insurance book, the realization hit that I was not as knowledgeable as I thought I was. Therefore, I am eager and excited to learn new things in the medical field.