Does homeowners insurance cover other people’s belongings?
Does homeowners insurance cover other people’s belongings?
It pays to replace your belongings if they’re damaged or stolen. Homeowners insurance also covers your personal property, meaning your clothing, furniture, appliances, and other personal items if they’re stolen or damaged by any covered perils listed in your policy.
How property and casualty insurers make money?
There are two basic ways that an insurance company can make money. They can earn by underwriting income, investment income, or both. The majority of an insurer’s assets are financial investments, typically government bonds, corporate bonds, listed shares and commercial property. Feb 3, 2017
What is AOP limit?
The AOP is a set dollar amount, most commonly $1,000 to $2,500, depending on your mortgage companys requirements and what out of pocket expense you are comfortable with. This is the deductible you will pay on a hurricane related claim, including all named storms.
