Homeowners insurance?
i have homeowners insurance of coverage up to $75,000 for a co-op. does this cover my damages and/or people living below me if my fish container burst accidently?
Answers:
Well, you don't mention what form, or what state. So, I have to guess.
Likely not. That $75,000 is credible for your CONTENTS - your stuff - furniture, clothes, etc.
Likely, you have a small amount of building coverage there, perchance $10,000. And you have liability coverage, if someone sues you (that would be, if you cause reduce to rubble to someone else through negligence).
A burst fish tank is NOT water escaping from a pipe, most feasible the water damage to your stuff, your component, and the unit below you (it's not negligence, remember, but a fluke) is NOT going to be covered.
I'd strongly suggest you call your agent and ask, or at smallest read the policy. Source(s): agent, 21+ years
You would enjoy to read the declarations page. The most used form is HO6. It covers personal property, the improvements you put into the condo and liability insurance. The liability portion would cover you for any claims made by the people below you.
You hold to read your policy to know for sure what you have coverage for. Source(s): Retired claims adjuster.
It really depends on how it breaks, what type of policy you have and the insurance company?
Some company's can even add riders to your policy to cover it.
Call you insurance company or ask your agent! Source(s): Insurance Agent
ON THIS ONE I WOULD SUGGEST THAT YOU CALL YOUR AGENT BECAUSE FROM WHAT YOU HAVE SAID IT SOUNDS TO ME THAT YOU HAVE NO COVERAGE FOR SOMETHING LIKE THIS. Source(s): 923
Related Questions:
Answers:
Well, you don't mention what form, or what state. So, I have to guess.
Likely not. That $75,000 is credible for your CONTENTS - your stuff - furniture, clothes, etc.
Likely, you have a small amount of building coverage there, perchance $10,000. And you have liability coverage, if someone sues you (that would be, if you cause reduce to rubble to someone else through negligence).
A burst fish tank is NOT water escaping from a pipe, most feasible the water damage to your stuff, your component, and the unit below you (it's not negligence, remember, but a fluke) is NOT going to be covered.
I'd strongly suggest you call your agent and ask, or at smallest read the policy. Source(s): agent, 21+ years
You would enjoy to read the declarations page. The most used form is HO6. It covers personal property, the improvements you put into the condo and liability insurance. The liability portion would cover you for any claims made by the people below you.
You hold to read your policy to know for sure what you have coverage for. Source(s): Retired claims adjuster.
It really depends on how it breaks, what type of policy you have and the insurance company?
Some company's can even add riders to your policy to cover it.
Call you insurance company or ask your agent! Source(s): Insurance Agent
ON THIS ONE I WOULD SUGGEST THAT YOU CALL YOUR AGENT BECAUSE FROM WHAT YOU HAVE SAID IT SOUNDS TO ME THAT YOU HAVE NO COVERAGE FOR SOMETHING LIKE THIS. Source(s): 923
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