When you own a home, it is imperative that you are keeping a valid homeowners insurance policy on it. Even if you find that things are starting to get a little tight financially, you do not want to drop this type of insurance coverage. After all, you just never know when someone could trip and fall on your porch or when lightning could strike your home or the tree next to it, causing it to fall on your roof.
While homeowners are typically required to carry homeowners insurance, the decision for tenants to purchase renters insurance is usually optional. In some cases landlords will require their tenants to purchase this type of policy, but, this is not a common lease requirement in many parts of the country. While tenants may not have a legal obligation to carry their own insurance policy, this does not mean that they should not purchase this coverage.
Contractors require insurance to cushion their enterprises against risks such as property damage and bodily harm. The contractor's liability insurance protects contractors against lawsuit charges emanating from injuries incurred during construction works. A general understanding of contractor liability insurance is paramount in deciphering its role in the business realm.
Who Is Eligible For Contractor Liability Insurance?
Primarily, a general contractor should apply for contractor liability insurance coverage. However, a distinction exists between the general contractor, subcontractors, or individuals acting as contractors in their private projects.
Although almost all states require drivers to have auto insurance, do you know why it is essential? Apart from the fact that it is mandatory by law, there is a fantastic repertoire of reasons why you should check auto insurance plans for the best package that suits your situation and needs. Here are some reasons to buy auto insurance.
Safeguard Yourself and Others
With a suitable auto insurance plan at your disposal, you can protect a whole host of people, including your family, passengers, and fellow motorists.
Buying an auto insurance policy is more than fulfilling a legal obligation; it should protect you in case of an accident. However, for the policy to work, you must first protect the cover. The outcome of an auto insurance policy claim depends on following some rules and regulations. An error in the application process may result in delayed, reduced, or rejected claims. Below are the dos and don'ts of filing an auto insurance claim.