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The liability insurance crisis of the 1980s was a watershed moment in the U.S. insurance industry, marked by a sharp rise in the cost of liability insurance and the widespread unavailability of certain types of coverage. The crisis affected numerous sectors, from construction and daycare centers, to municipal governments and non-profit ...
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
Long-term care insurance can cover home care, assisted living, adult daycare, respite care, hospice care, nursing home, Alzheimer's facilities, and home modification to accommodate disabilities. [3] If home care coverage is purchased, long-term care insurance can pay for home care, often from the first day it is needed.
Homeowners insurance vs. condo insurance Buying a condo is more similar to buying a home than a co-op. When you buy a condo, you own the unit and likely need condo insurance to insure it properly.
Home insurance usually covers your home's physical structure, other structures on your property and your personal belongings and includes a layer of liability insurance. On average, homeowners ...
Swimming pools: Some home insurance providers may not issue policies to homeowners with swimming pools, while others may require specific safety criteria in order to insure the home. Depending on ...
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