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Private forecaster AccuWeather estimated the damage and economic loss from the fires at $135 billion to $150 billion, portending soaring homeowners' insurance costs.
If you have renter's insurance, then document all of the damage to your personal property and submit it there. You can also check your policy for temporary housing coverage, says Kapur. Register ...
Depending on the terms of the policy, fire insurance or a clause for fire damage coverage in your regular policy may pay out based on the actual value of the property after the fire, or it may pay ...
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
The scale of losses anticipated in the wildfires now ringing Los Angeles, as well as regulatory changes enacted late last year, could spell an end to relatively cheap homeowners' insurance in ...
An extended coverage endorsement (EC) was a common extension of property insurance beyond coverage for fire and lightning. Extended coverage added insurance against loss by the perils of windstorm, hail, explosion, civil commotion, riot and riot attending a strike, aircraft damage, vehicle damage, and smoke damage. [1]
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