Standard business general liability (GL) policies provide little coverage for pollution damage, including toxic spills like the one in West Virginia in 2014. Today most companies that store or handle potentially toxic materials purchase a separate environmental liability policy. These policies cover the exposure that the GL policy excludes.
Pet insurance can help give beloved animals longer and happier lives. Learn how to get the right kind of coverage for your furry friend.
Spokespersons: Jim Gilespi, Dog Owner; Dr. Sharon Kessler, Veterinarian.
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Your standard auto insurance or homeowners insurance will provide you with some liability coverage. If you are sued, those policies will pay up to your policy limits for legal judgments against you, as well as the related attorney's fees.
However, in our litigious society when a lawsuit settlement could very well wipe out your financial assets, you may want the extra protection for your assets that a personal umbrella liability policy provides.
Title insurance protects you against loss arising from problems connected to the title to your property. Before you purchase a home, it may have gone through several ownership changes. If there are unpaid real estate taxes or other liens on the property, you could be responsible for them as the current owner. Unlike other forms of insurance, which cover you for future losses, title insurance extends back in time for an indefinite period. It protects you against losses prior to the date of the policy and ends on the day the policy is issued.
Private Mortgage Insurance (PMI) is extra insurance that lenders may require from homebuyers who obtain a loan that is more than 80 percent of the home’s value. Put another way, it may be required if you are buying a home and have a down payment of less than 20 percent.
It's important to protect your home with insurance and, if your home happens to be on wheels, there are some special considerations. Much like choosing the right mobile home, you want your insurance to fit your needs and lifestyle, but you also want the coverage to fit within your budget. Here are some guidelines for choosing mobile home insurance.
Terrorism insurance provides coverage to individuals and businesses for potential losses due to acts of terrorism.
Standard homeowners insurance policies include coverage for damage to property and personal possessions resulting from acts of terrorism. Terrorism is not specifically referenced in homeowners policies. However, the policy does cover the homeowner for damage due to explosion, fire and smoke—the likely causes of damage in a terrorist attack.