article thumbnail

Court Differentiates Vandalism from Theft in First Party Insurance Policy

The Property Insurance Law Observer

The claim included the cost to replace various appliances, and an additional $1,310 for the value of other stolen personal property, including certain tools and clothing. After investigating, Allstate denied coverage, invoking the policy’s vandalism exclusion and increased risk provision. Citing to Allemand v.

Theft 130
article thumbnail

How Home Renovations Can Affect Your Homeowners Insurance Policy

TGS

When taking on new home renovations, your homeowners insurance policy might not be the first thing on your mind. However, for many home renovation projects, you will need to inform your insurance agent. In order to make sure you have the right continuous coverage, always consult your insurance agent!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Insurance Considerations for Newlyweds: Merging Policies and Coverage

Mark Jackson Insurance Agency

Evaluate your existing life insurance policies and consider whether your coverage needs adjustment to reflect your new marital status. You may find that increasing your coverage or purchasing additional policies ensures both partners are adequately protected.

Policy 52
article thumbnail

Does Homeowner’s Insurance Cover Boats?

Maritime Insurance International

While every policy is different, in most cases, homeowner’s insurance policies only offer limited coverage for boats. In this post, we’ll walk you through everything you need to know about whether or not homeowner’s insurance covers boats and the advantages of purchasing a dedicated boat insurance policy instead.

article thumbnail

How to Read Homeowners Insurance Quotes

TGS

A lot of factors go into calculating your home insurance premium. If you own multiple properties, confirm that your billing address and insured location are both accurate. Limits This portion of your home insurance quote breaks down the maximum amount that your home insurance policy will pay for each type of coverage.

article thumbnail

Block of Flats Insurance Glossary of Terms

Property Insurance Centre

Consequences of Underinsurance In the event of a claim on the block insurance policy , the insurer or its appointed loss adjuster may check to see that the Declared Value is adequate. If it is not, they may rely upon a clause within the insurance policy called Average, Average Condition, or Underinsurance.

article thumbnail

Does Homeowners Insurance Cover Collectibles? 

Distinguished

Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. Avid collectors who rely on their homeowner’s policy are likely to encounter low coverage limits — if their collectibles are covered at all. For most, this will mean a collectibles policy.

Insurer 52