Building Updates: Aging Plumbing Systems
The Agent’s Role as Advisor and Risk Manager Editor’s note: This is the second of a three-part series to explain insurers’ requirements for building updates and to help agents advise clients on mitigating risks inherent in older buildings. The first article addressed aging electrical systems and appeared in the Feb. 25 edition of Insurance Journal. The final installment will offer advice for HVAC and roofing systems. The older a building, the more likely it is to have serious
What Is Covered by Standard Homeowners Insurance?
Save Money and Trouble by Knowing the Ins and Outs of Your Homeowners Policy Most standard homeowners insurance policies include four essential types of coverage: Coverage for the structure of your home Coverage for your personal belongings Liability protection Additional living expenses if you are temporarily unable to live in your home because of an insured disaster 1. The Structure of Your House Your homeowners policy pays to repair or rebuild your home if it is damaged or