Flood, earthquake and wear and tear are excluded from a standard home policy. Here are four state regulator lists compared, and the three kinds of exclusion they contain.
A named peril policy covers only the causes it lists. An open peril policy covers everything it does not exclude. Here is how to tell which one your policy uses.
Your declarations page lists coverages by letter. Here is what each of the six covers, why three of them are a percentage of the first, and where the letters stop.
Two valuation words decide what a property policy pays. Here is what each means, where they appear on your own policy, and why one policy can use both.
A percentage deductible is a share of your home’s insured value, not of the loss. Here is how the wind, hail and hurricane versions are written and triggered.
Four words appear on almost every insurance policy and behave differently on property coverage than on a health plan. Here is what each one does.
Your declarations page is a summary, not the contract. Here is what each block on it means, on home, auto or renters, and what it can never tell you.