Read articles written by Kyle Rasmussen
Wind and Hail Deductible
A wind and hail deductible is the amount you would have to pay out of pocket in case of wind or hail damage before your homeowners insurance would kick in and cover the rest.
Earthquake Insurance Deductible
An earthquake insurance deductible is the amount of money a homeowner has to pay out of pocket in case of earthquake damage before the earthquake insurance coverage can kick in. Earthquake insurance deductibles are usually set in percentages of dwelling coverage.
DP-1 vs DP-2 vs DP-3: Comparison of Policies
If you are a landlord or a homeowner with a vacation home, trying to decipher which dwelling property insurance policy is the best fit for your situation can be difficult. The purpose of this article is to help you gain a better understanding of DP-1, DP-2, and DP-3, the three forms of rental property and vacation home insurance policies, so that you have the knowledge to choose the policy that fits your unique situation the best.
What is a DP-3 Insurance Policy?
DP-3 is an open-peril type of dwelling property insurance policy which is typically used by rental properties, vacation homes, and houses with bad roofs. DP-3 is in many ways similar to standard homeowners policies like HO-3 with a few differences.
What is a DP-2 Insurance Policy?
DP-2 is a type of dwelling property insurance policy. It is typically used by landlords. It provides more coverage than DP-1 plans but less than DP-3 policies.
What is a DP-1 Insurance Policy?
DP-1 is the most basic form of a dwelling property insurance policy. It is a named-peril policy offering minimum protection. It is typically recommended for unoccupied rental properties.
Roof Shapes and Materials for Homeowners Insurance
The roof shape and material it is made of can impact your homeowners insurance premiums. Find out how your roof style fairs with insurance.
Coverage B: Other Structures in Home Insurance Policy
Other structures coverage, also known as detached structures coverage is section B of a homeowners policy. The purpose of this coverage is to protect a homeowner from any damage that occurs to structures on the homeowner’s property other than the home or structures attached to the home.
Does Homeowners Insurance Cover a Tree Falling on a Neighbor’s House?
Yes, your homeowners insurance will typically cover the damages caused by a tree falling from your property on your neighbor's house or property. Home insurance will kick in if you are found responsible as long as tree didn't fall due to lack of maintenance or because of an uncovered peril.
Medical Payments to Others Coverage F in Home Insurance
Medical payment to others is a standard part of your homeowners insurance policy that will help you pay for small injuries that happen to those who come to visit you on your premises regardless of who may be at fault for the injury. This part of your insurance plan is designed in a way to divert small claims from escalating into large lawsuits.
Does Homeowners Insurance Cover Hail Damage?
Hail damage is the most common claim in America according to the Insurance Information Institute. Hail can cause significant damage to a roof or other parts of homeowners house and other property. A Homeowners policy may or may not cover the homeowner in the event of hail damage. There are a number of nuances that ... Read more
Arbella Insurance Homeowners Review (2023)
Arbella offers homeowners insurance in 4 New England states. Founded in 1988, this insurer also offers landlord, condo, renters and umbrella policies. Arbella has earned a lot of praise from its policyholders.
