Search Results for: blog the standard fire insurance form

Beating the Odds During Wildfire

I have family and friends living in several areas of Southern California. Memories of my past went up in flames during the disaster we have witnessed this week. I know people who have lost everything. My brother faced evacuation Wednesday night. My sister-in-law wasn’t able to come home from work on Tuesday night, the main Interstate 15 was closed. As a child my family lived near Lake Arrowhead. During the early 1980’s my brother and ex-husband did a lot of the electrical construction work on hundreds of homes built in the new community of Rancho Bernardo. One day I hope … Continue reading →

Insurance Terms: Q-R

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U-V | W-Z Insurance Terms: Q Qualified Annuity is a form of an annuity purchased with pretax dollars as a part of a retirement plan benefiting from a special tax arrangement like a 401(k) plan. Qualified High-Deductible Health Plans are health plan with lower premiums that cover expenses after the insured has met the large deductible for out of pocket … Continue reading →

Insurance Terms: P

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Package Policy are single insurance policies combining several coverage’s which may ordinarily or often be sold separately. Some companies package homeowner, auto and personal liability coverage any issue one package policy. Partial Loss is an insured loss involving less than the full value insured. A claim where less than the maximum amount of insurance coverage is needed. Performance Bond In general … Continue reading →

Insurance Terms: M

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Managed Care is a comprehensive health care arrangement between an employer and/or an insurance company. Selected medical and health providers agree to offer care for a discounted rate to the membership of the plan. Managed care systems use the established medical protocols and procedures generally agreed by the medical community as cost effective. Marine Insurance is insurance coverage on goods while … Continue reading →

Insurance Terms: H

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Hacker Insurance believe it or not this area is a major concern for business engaged in electronic commerce and or stores sensitive information. Hacker insurance is insurance that protects businesses from losses caused by hackers. Hard Market is a term that refers to a seller’s market when insurance is more expensive and is more difficult to obtain. A hard market is … Continue reading →

What To Do If You Are Caught In A Wildfire

I have written several Blogs about Wildfires and what to do in order to make your home more resistant and safer. I have also written several Blogs on what to do when you face a possible Fire Evacuation or an urgent evacuation order. But, what do you do when you come fact-to-face with an actual fire in you path? US Fire Officials have raised the 2007 Fire Alert to the highest level. When wildfire strikes the evacuation order can come quickly and with no warning at all. It’s possible that you and your family could come in direct contact with … Continue reading →

U.S. Fire Officials Raise Wildfire Alert To Its Highest Level -Summer 2007

The US fire officials site the number of lager wildfires and the fact that wildfires are occurring in several states in various geographic areas as a major reason to be concerned. When there is this much fire to fight resources are stretched and international wildfire crews may be called in to assist the U.S. firefighters fight the wildfire blazes in 12 states mainly in the western United States. By changing the wildfire alert to the highest level it also gives the fire managers permission to ask for assistance from international crews, and mobilize National Guard units. As more people choose … Continue reading →

Insurance Terms: G

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z GAP Insurance is additional automobile insurance policyholders might consider as an option, in some states. GAP insurance will cover the difference between a vehicle’s actual cash value when it is stolen or wrecked and the amount owed on a lease or to an auto finance company. General Liability Insurance is an insurance product designed to protect a business owner and operator … Continue reading →

Insurance Terms: F

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Face Amount is the fixed-amount of value for a whole life insurance policy. The actual amount to be paid in the even of death or at maturity of a life insurance policy, not including any dividend additions or additional amounts payable under an accidental death clause or other provision of the life insurance policy. FAIR Access To Insurance Requirements Plans–FAIR PLANS … Continue reading →

Homeowner Insurance Forms

Homeowners insurance is the best way to protect your personal property whether you own or rent a home, manufactured home, townhouse, or condominium. When reviewing your insurance policy it’s a good idea to understand what kind of Homeowner Form your insurance policy is written on. Home-owner’s policies are classified by the type of perils they cover. There are six basic types of homeowner insurance policy forms which tend to be defined by the Perils they cover: HO-1: is the basic homeowners insurance form. Also known as a Standard Fire Policy An HO-1 policy covers a dwelling (the actual structure of … Continue reading →