Most Property Insurance Policies Contain Coinsurance Clauses First, having a coinsurance clause on your home insurance policy is not…

In order to create a contract of adhesion for home insurance, for example, the insurer provides the homeowner with…

Insurance policies have two different definitions of value: Actual Cash Value (ACV) and Recoverable Cash Value (RCV). These two…

Your home is your most important investment. You have home insurance to protect that investment. But do you really…

“Wind-driven rain” is one of those terms you’ve probably never thought about until you buy home insurance. In fact,…

Standard Homeowners Insurance Provides Limited Coverage for Home-Based Businesses If you have a home-based business, then you may need…

What is Ordinary Payroll? Ordinary payroll is an endorsement, or add-on coverage, available on many business interruption insurance policies….

Insurers aren’t on your side. They don’t particularly want to pay for your claim. They may just want to…

Explosions are a covered peril on most homeowners insurance policies. If you experience a gas leak, propane grill explosion,…

Estimated maximum loss (EML) refers to the highest potential loss possible from a single event. Probable/possible maximum loss (PML),…