What is full replacement cost coverage?
What is full replacement cost coverage?What Is Replacement Cost Coverage? A replacement cost policy helps pay to repair or replace...
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Is theft a covered peril?
Is theft a covered peril?Covered perils include fire, lightning strikes, windstorms and hail, weight of snow or ice, theft, and...
What is not protected by most homeowners insurance?
What is not protected by most homeowners insurance?Termites and insect damage, bird or rodent damage, rust, rot, mold, and general...
What is an average clause?
What is an average clause?Definition of average clause 1 : a clause in an insurance policy that restricts the amount...
Who owns lemonade?
Who owns lemonade?Shai WiningerShai Wininger is the President, CTO, & Co-Founder at Lemonade (NYSE: LMND), a newly licensed insurance company,...
What happens if you are over insured?
What happens if you are over insured?Over-Insured Conclusion In general, the cost of being over-insured is the increased cost of...
How do you interpret the numbers 100 300 on your insurance policy?
How do you interpret the numbers 100 300 on your insurance policy?Example 100/300. This means the most the policy will...
How fast does Lemonade pay claims?
How fast does Lemonade pay claims?Unlike traditional insurance companies that can take months to pay a claim, Lemonade can pay...
Is home insurance based on the value of the house?
Is home insurance based on the value of the house?The actual cash value in a homeowners insurance policy is based...
Is ACV the same as trade in value?
Is ACV the same as trade in value?The actual cash value, also referred to as the ACV, is equivalent to...
