What can I do if a Neighbour damaged my fence?
What can I do if a Neighbour damaged my fence?Check out a few options: Talk to your neighbor. Write a...
HOME
What is covered under HO-5?
What is covered under HO-5?Dwelling: HO-5 dwelling coverage protects your home's main structure, including its exterior and interior walls, foundation...
What is a cash surrender value?
What is a cash surrender value?Cash surrender value is the amount left over after fees when you cancel a permanent...
Is subsidence covered by home insurance?
Is subsidence covered by home insurance?Most buildings insurance policies only cover the cost of repairing the damage caused by subsidence,...
What type of risk is uninsurable?
What type of risk is uninsurable?An uninsurable risk is a risk that insurance companies cannot insure (or are reluctant to...
What does O&P mean in insurance?
What does O&P mean in insurance?Overhead and ProfitGeneral Contractors charge for Overhead and Profit (“O & P“) as line items...
What is the 80% rule in insurance?
What is the 80% rule in insurance?The 80% rule means that an insurer will only fully cover the cost of...
What is average policy?
What is average policy?Average policy refers to a policy followed in fire insurance which states that the insurance company will...
What happens if you under insure your house?
What happens if you under insure your house?Best practice suggests a property is underinsured if an insurance policy covers 90...
Is it better to be over insured or underinsured?
Is it better to be over insured or underinsured?If you underinsure your home and suffer a devastating loss — flood,...
