Business Interruption insurance covers you for situations when you’re not able to operate your business. Let’s say that your business has a fire, all of a sudden you have to shut down your business while they restore it. Everyday your shut down, you know that you normally make a certain amount of money. Based on … Continue reading “What is a business interruption claim?”
What types of claims can be made for business insurance policies?
Business insurance claims are very similar to home owners. If you’re a business owner, you have water damage issues due to a plumbing problem you may have in your business, you could have a fire in your business, you could also have hurricane damage or you can even have a theft or vandalism claim. Just … Continue reading “What types of claims can be made for business insurance policies?”
What is the duty to indemnify?
The duty to indemnify is the next step after the duty to defend. Let’s say that the insurance company determines that they do, in fact, have the duty to defend you against any claims for bodily injury or property damage. Now, the next step is they look deeper at your policy, they check any case … Continue reading “What is the duty to indemnify?”
What is the duty to defend?
When you have liability insurance, the first thing, the insurance company looks at is whether they have a duty to defend you in any sort of claim or lawsuit that is being brought against you for bodily injury or property damage. The duty defend looks at the language in the lawsuit that’s being brought against … Continue reading “What is the duty to defend?”
What happens if my dog bites someone, am I covered?
It depends on the language in your policy. I’ve seen a lot of policies that have animal liability exclusions. If that’s in your policy and you have that exclusion, then the answer is no. Now, some insurance companies will ask you if you have any pets and if you tell them you have a pet … Continue reading “What happens if my dog bites someone, am I covered?”
Someone gets hurt on my property who is responsible?
If someone gets hurt on your property who is responsible? Well, you’re arguably responsible since it happened on your property. Let’s say you just mopped your floors and someone slipped on your floor. Or you had some construction going on and they tripped because the flooring wasn’t level. That is something that you would be … Continue reading “Someone gets hurt on my property who is responsible?”
What If I Damage Someone Else’s Property?
Let’s say you’re doing some work around your house and you are lighting something flammable. Or let’s say you’re working on your grill and something explodes and it causes a fire that spreads to your neighbors home. Your neighbor can then seek compensation through your policy under the liability section for that property damage. If … Continue reading “What If I Damage Someone Else’s Property?”
What is liability Insurance, do I automatically have it?
When you have a homeowner’s policy, you will have a section that has Protection for liability. For example, you likely have protection for liability. If someone you know has party at your house and somebody slips and falls and hurts their back and they have to get medical treatment. They may sue you for whatever … Continue reading “What is liability Insurance, do I automatically have it?”
What if the vandal is someone I know, who do I file a claim against?
If you’ve suffered damages from vandalism and you know who the vandal is then the important question is whether there was any sort of intentional planning there between you and that vandal. Normally you should be fine and you can still put in a claim with your insurance company.
How do I Know if I Have Cast Iron Pipes?
Some plumbers and leak detection companies can put a camera through the drain pipe on one of the stacks on your roof and if they tell you if you have cast iron pipes and what condition they are in. They can also examine pipe coming into your home and drain pipe leaving to look for … Continue reading “How do I Know if I Have Cast Iron Pipes?”