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Posts Tagged ‘Property Insurance’

Deductibles in Property Insurance

December 23rd, 2010

Aggregate deductible, straight deductible and others.

The following deductibles are commonly found in property insurance contracts:

• Straight deductible

• Aggregate deductible

Straight Deductible

With a straight deductible, the insured must pay a certain number of dollars of loss before the insurer is required to make a payment. Such a deductible typically applies to each loss. An example can be found in automobile collision insurance.

For instance, assume that Ashley has collision insurance on her new Toyota, with a $500 deductible. If

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Tags: Insurance, Property Insurance
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Property Insurance Options

July 24th, 2010

  1. fire image by Grzegorz Kwolek from Fotolia.com  Property insurance may spell the difference between financial disaster and recovery. Property insurance options provide renters, homeowners or business owners protection against a range of possible losses. They enable property owners to feel confident that they will have the necessary funds to replace real estate, vehicles or prized possessions when incurring a loss, whether from an accident, theft or natural disaster.
  2. Homeowner’s Coverage

  3. A homeowners’ policy compensates the property owner for any structural damage to his home.

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Tags: Insurance Options, Options, Property Insurance, Property Insurance Options
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