RMIN 317 Lecture Notes - Lecture 12: Gazebo, Hurricane Rita, Typhoon Mireille
16 Nov 2016
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Why buy renter"s insurance: http://www. youtube. com/watch?v=y8dzxigvor4, https://www. youtube. com/watch?v=8y23u2vkyda. Homeowners is a multiple-line policy: covers first-party property, third-party liability and indirect losses (e. g. staying in a hotel after a fire damages your home). Homeowners is a multiple-peril policy: covers multiple perils (causes of loss) Fire, lightning, explosion, etc. (only the things named) 2nd largest line of personal insurance (after auto insurance) Additional living expense (indirect loss: all in one policy. Business interruption (indirect loss: all in one policy. Replacement value (e. g. ,000: detached private structures. 10% of value in a: personal property. 40-60% of value in a: additional living expenses. Per schedule residence employee (casual form of worker"s comp) Voluntary stuff doesn"t have to always link to something you are liable for (i. e. family member getting cut while visiting your home) Read through policies at least twice to get general sense of what is excluded and why.
