Will my Auto policy provide coverage for a rental car?
In the US and Canada, the Liability coverage goes with you, the person. So in the event of an at fault accident, the liability limits on your personal auto policy will transfer to the rental car. What about damage to the rental vehicle? If you have comprehensive and collision coverage on one vehicle on your personal auto policy, that coverage will also transfer to the rental car, subject to the policy deductible.
Do I have coverage for Jewelry, Furs and other valuables?
Coverage for these items is very limited on the Homeowners policy. Most companies will write separate limits and coverage for these items either on a scheduled or blanket basis. Blanket coverage provides a total limit for all items, with a maximum limit of $10,000 per item. For items that are over $10,000 of value, a separate Valuable Items policy is required. Current appraisals are necessary to schedule these items.
Am I covered for Back-up of Sewers & Drains?
The policy may be endorsed to provide property coverage for loss resulting
from water or water-borne material which backs up through sewers or drains or which overflows or is discharged from a sump, sump pump or related equipment.
Is damage by Flood covered under my Homeowners Policy?
No, coverage is provided under the Homeowners Policy for damage by Flood. Flood policies are written separately and are specifically for damage caused by Flood. These policies are administered by the Federal Emergency Management Agency (FEMA) and normally have a 30 day waiting period.
Do I need Lease/Loan Gap coverage?
This coverage would apply if you lease or finance your vehicle. The amount required to pay off your auto loan or lease my not be the same amount as the insurance company is obligated to pay in the event of a total loss. In this case, you would be obligated to pay the difference. If you had Lease/Loan Gap coverage, the difference would be covered. Some finance companies include this coverage as part of your lease or loan.
Do I have coverage for my home business under my Homeowners Policy?
Home businesses are generally excluded from the Homeowners Policy. If you operate a business out of your home, please contact us to discuss ways that we can provide coverage for you.