This is insurance concept of America, Indian companies do not follow this, below is the difference
American Property & Casualty Insurance Companies offer Dwelling Fire insurance policy to cover building, contents, and personal liability coverage.
This policy is designed for preferred owner or tenant-occupied one-to-four family residential buildings.
This policy provides coverage for loss to the building and contents caused by:
- Fire
- Smoke
- Windstorm
- Hail
- Malicious Mischief
- Vandalism
- Earthquake (optional)
and other causes of physical loss to your property.
In addition, this policy can include loss of rents or additional living expense coverage in the event the dwelling becomes uninhabitable due to a covered loss.
Homeowner's insurance policy provides a comprehensive package of residential and personal property protection for today's homeowners, covering situations such as:
- Fire, including smoke damage
- Windstorm, including hail
- Damage from weight of ice, show or sleet
- Explosions
- Crimes, including theft, vandalism and malicious mischief
- Accidental major leaks or overflow of water
- Check forgeries and credit card fraud
In addition, this policy provides personal liability coverage in the event the homeowner is sued and found legally responsible for damages to another.
Moderation Team
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