renters insurance – Insure Invest Financial

R – Glossary of Insurance Terms

20 February 201817 March 2018 admin

R – Glossary of Insurance Terms This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be added to the glossary over time. The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.…

Landlord and renters insurance

20 February 2018 admin

Landlord and renters insurance If you own a rental property, or you are a tenant, you may need different insurance products than normal home and contents policies. Landlords should consider how they can protect their premises, its assets and the income they receive from their tenants. Renters are not covered by their landlord’s insurance policies. Insurers offer products designed for renters, including low-cost policies. Renter’s and tenant’s insurance When you are renting, the owner of the property you are living in is responsible for damage or loss to the building…

Contents insurance

20 February 201820 February 2018 admin

Contents insurance Contents insurance covers the financial cost of repairing or replacing your household personal possessions and furnishings, such as curtains, furniture, white goods, stereo, TV, computers and other electrical appliances, clothing, jewellery, sporting equipment and even toys. This insurance covers household items belonging to you, and to family members who live with you. These policies may also include items such as sporting gear and motorised wheelchairs but do not include items permanently attached to the building or insured address or portable items you might take outside your home. You…