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Court Differentiates Vandalism from Theft in First Party Insurance Policy

The Property Insurance Law Observer

The Court considered whether the Plaintiffs’ loss was caused by theft or vandalism, as neither term was defined in the policy. In Cheung, the Plaintiffs, who resided in California, purchased property in scenic Mount Vernon, Washington, in July 2021, and insured the property through a policy of insurance issued by Allstate.

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How Home Renovations Can Affect Your Homeowners Insurance Policy

TGS

Whether it’s a big project involving reconstruction of part of your home, or a small project that will increase the value of your home or personal property, your renovation will affect your homeowners insurance. For example, standard home insurance will not cover theft or vandalism during construction.

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Does Homeowners Insurance Cover Collectibles? 

Distinguished

Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble. While a standard homeowners policy often includes some coverage for personal property, which can extend to art and collectibles, it’s often not enough for most serious collectors.

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Does Homeowner’s Insurance Cover Boats?

Maritime Insurance International

Most home insurance policies offer two main types of coverage: property damage and personal liability. In those cases, however, the policy will usually only cover property damage to your boat while it is on your property. Most home policies typically only offer around $1,000 max for boat property damage.

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Discover the Added Value of Renter’s Insurance in Michigan

Shield Insurance Agency

Rental Insurance Value: Safeguarding Your Assets One of the significant benefits of having renters insurance in Michigan is the protection it provides for your personal property. From furniture and electronics to clothing and jewelry, your belongings are safeguarded against perils such as fire, theft, vandalism, and more.

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Why Finding Homeowners Insurance in California is So Challenging in 2024:

Jackson & Jackson

Homeowners insurance is a crucial financial safety net for homeowners, providing protection in the event of property damage, loss of personal belongings, or liability for injuries that occur on the premises. What is Homeowners Insurance?

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Block of Flats Insurance Glossary of Terms

Property Insurance Centre

This could mean that if the property is insured for 50% of its correct rebuilding cost, the insurer only pays 50% of the claimed amount. damage caused by a leak). Terrorism Cover for Block of Flats Insurance policies for individual houses typically include cover for damage or loss caused by an Act of Terrorism.