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Created with Fabric.js 1.4.5 By Sadie Klug Around 1 in 15 insured homes have a claim every year. Loss of territories - productive land,industries and raw resources To keep costs down...-good credit score-high deductible-good location-pay once a year, not once a month Actual Cash Value:Amount property is worthtoday.Replacement Cost:Amount it would cost toreplace damaged property. Claims in 2012 What is it? Definition: Insurance to protectagainst loss of property/possessions CoverageCosts Umbrella Insurance Renters Insurance Open:Covers all perilsexcept those named. Covers property/belongingsin a place you do not own,usually inexpensive. Types Personal Liability:Protects against loss due to injury on property owner's land.Structure: Dwelling-protects house and attachments Other Structures-for structures not attached to house Loss of use-for when home cannot be used due to covered lossBelongings:Protection for personal property and items inside home. (also Excess Liability Policy)Protects you if you are heldliable for a claim. Supplemental Insurance Options:Personal Articles Floater, Earthquake Coverage, Flood Protection, Inflation Guard, and Added Liability Insurance. PropertyInsurance 1 in 3 liabilityclaims was due to dog bitesin 2012. Hail damage costscan reach up to $1Billion each year. Perils:An event causing financial loss. Named:Covers specific set of perils. Jewelry 16%Electronics 13%Apparel 13%Furniture 10%House and home 10%Tools 5%Appliances 4%Sporting goods 3%Books and magazines 3%Beds and matresses 2% 16% 13% 13% 10% 10%
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