Category: Insurance

Coverage of Water Damage

On the beginning, there is one kind of water damage in the insurance policy. It is a sewer backup. Now there is two more new coverage about water. Here is a sample from Optimumwest insurance company.   Sewer Backup Water (Excluding flood water) entering the home from: Sewer or sump system Septic tank Outside drain

Disaster Financial Assistance

The insurance industry and government have a long tradition of working together in a social contract to provide relatively seamless compensation to citizens who suffer devastating losses of property. The insurance industry takes most of the risks (e.g., fire, theft, windstorm). Government mitigates others through public policies such as land-use laws, regulations, and zoning that

Legal Expenses Insurance

In Canada, an overlooked class of insurance is legal expenses insurance (or legal protection insurance in some countries), which can provide coverage for legal costs associated with disputes and issues not covered by the typical and common commercial policies. Legal expenses insurance is a natural complement to the business insurance coverage your clients now have.

Are you covered if Earthquake happens?

Shallow 5.1 earthquake rattles Los Angeles. More than 100 aftershocks follow Friday night quake. vi CBC Experts suggest there is 30% chance of a significant damaging earthquake concurrence in British Columbia with in the next fifty years. An earthquake like this could destroy your home or contents, or even cause loss of life. Without proper

How to read your condo insurance policy

First of all, the building is covered by your Strata insurance policy. So, no need to worry too much about your building, including structure, roof, wall, etc. But the others are not covered by your strata insurance policy. That is why you need buy your own unit insurance policy, or condo insurance. There are some