Why does my policy include exclusions?
Exclusions define what is not covered to keep coverage clear.
Does insurance cover code upgrades?
Some policies include limited ordinance and law coverage.
What is a combined single limit?
It is one limit that applies to bodily injury and property damage.
How often should I review my insurance policies?
Review annually or after major life and property changes.
What is reinsurance?
It protects insurers by sharing large losses with other companies.
Why do insurers ask about prior claims?
Loss history helps insurers evaluate risk and price coverage.
Does insurance cover wear and tear?
No insurance only covers sudden and accidental losses.
What is liability coverage?
It protects you if someone claims you caused injury or property damage.
Why is my mortgage company listed on my policy?
Mortgage lenders must be notified and included on certain claim payments.
What is actual cash value coverage?
It pays the depreciated value of damaged property.