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
Tags: Insurance, Property Insurance
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Property Insurance Options
July 24th, 2010
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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. - A homeowners’ policy compensates the property owner for any structural damage to his home.
Homeowner’s Coverage
Tags: Insurance Options, Options, Property Insurance, Property Insurance Options
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