Would Insurance Cover This?
A tree falls on your house during a storm.
Yes! Typically covered under homeowners insurance.
Most people think this determines home insurance coverage.
Market value. Insurance uses replacement cost.
A customer slips and falls at your business.
General Liability may respond.
A guest visiting your home steps into a hole near your flower bed, falls, and breaks their ankle.
Possibly, but the injured party would need to prove the homeowner is negligent.
Red cars cost more to insure.
Your basement floods after heavy rain.
Usually NOT covered without flood insurance.
Skipping an insurance review before closing on a new house can lead to this.
Coverage gaps, unexpected premiums, or premiums that exceed the DTI ratio you qualify for.
A fire shuts down your business for 3 months.
Business Income/Loss of Earnings coverage may help.
A sewer backs up into your house.
Only covered if backup coverage was purchased.
I have full coverage, so everything is covered.
"Full coverage" isn't an insurance term. Every policy has exclusions, limits, and deductibles
Insurance covers sudden and accidental losses, but not this.
Wear and tear
This mistake can leave a homeowner underinsured if a major loss occurs.
What is insuring the home based on the loan amount instead of the replacement cost?
This growing threat can impact businesses of every size, even those with only a few customer records or email accounts.
What is a cyberattack or data breach?
This backyard item creates thousands of injuries each year and is one of the first things many insurance companies ask about when underwriting a home.
What is a trampoline?
If my neighbor's tree falls on my house, their insurance pays.
In many cases, your homeowners' policy responds first, regardless of where the tree came from.