Standard fire insurance policies provide coverage against financial loss or property damage caused by a fire or other covered perils. The basic version of a fire insurance policy covers the cost of replacement, reconstruction or repair beyond what is outlined in the holder’s property insurance or homeowner’s policy.Continue Reading
Standard fire insurance policies provide coverage against damage to the dwelling itself. The policy either reimburses the holder on a replacement cost basis in the event the dwelling is destroyed or an actual cash value basis. Replacement coverage is determined by the issuer based on replacement cost estimators, the most recent property appraisal figure and the property’s square footage compared to its purchase price.
Basic policies protect against a number of perils outside of fire that cause damage, including lightning and hail. Specialized packages also extend coverage to surrounding structures and additional expenses associated with displacement from the dwelling.
Standard fire insurance policies are typically acquired for rental and investment properties that do not require protection against the owner’s personal possessions.
Procuring a fire insurance policy is also recommended if the individual’s property or homeowner’s insurance does not protect against fire damage. Extended protections beyond those outlined in the underlying property or homeowner’s insurance is recommended if the underlying property contains an assortment of valuable items.Learn more about Insurance
Homeowners can speak to their home insurers about adding sinkhole coverage to their policies. In Florida and Tennessee, insurers are required to offer sinkhole insurance with a new home policy.Full Answer >
To buy health insurance, an individual should first educate himself on the language and concepts pertaining to health insurance, gather estimates for different insurance policies, and figure out if there are any fees or benefit limits for each policy. An individual might also be eligible for a special government program.Full Answer >
To find cheaper auto insurance, look at policies that other auto carriers offer, bundle your policy with your homeowners policy, and ask about discounts, suggests Emily Delbridge for About.com. Choose the appropriate coverage for the car and how often you use it, and keep your credit score high and your driving record safe.Full Answer >
Foremost Insurance Group offers a wide variety of policies, including coverage for businesses, residences, motor vehicles, mobile homes and luxury motor coaches. It offers flood insurance and specialty vehicle insurance for personal watercraft, snowmobiles and golf carts. More than 38,000 agents throughout the United States sell Foremost products and services.Full Answer >