Preview

Case Study On Ice Dams Covered By Home Insurance

Satisfactory Essays
Open Document
Open Document
404 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Case Study On Ice Dams Covered By Home Insurance
Ice Dams: What to expect from your home insurance
Ice dams are problematic for homeowners. Created by the accumulation of melting ice and snow, ice dams can wreak havoc on your roof. Ice dams can lead to water leaks and damage your roof, which could leave you at the mercy of your insurance company.
Are Ice Dams Covered by Home Insurance?
In theory, your home insurance exists to protect you from damage to your home. However, it’s faulty to assume that your home insurance policy will always cover you when you experience a loss.
Although your policy may cover ice dams, there may be limitations on the extent of the coverage your insurance company offers. Historically, there are hundreds of instances where homeowners believe they are covered by their home insurance, but in the end, they have to pay for repairs out of their pockets. …show more content…
A rate increase can be devastating to homeowners who live on a budget because the rate hike will last for years. Over the years, our team at The Construction Group has learned it’s best to be proactive and take matters into your hands when it comes to damage to your
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Ecs1260 Final Exam
    • 402 Words
    • 2 Pages

    Ecs1260 Final Exam

    6) People who have bought a house using an adjustable rate mortgage are most likely to be hurt by:…

    • 402 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    SAMPLE EXAM 3 2010
    • 3549 Words
    • 16 Pages

    SAMPLE EXAM 3 2010

    3. Reggie just purchased a home. A friend told him to be sure to consider coverage for natural disasters. All of the following natural disasters are covered under an unendorsed Homeowners 3 policy EXCEPT…

    • 3549 Words
    • 16 Pages
    Good Essays
    Read More
  • Good Essays

    Allstate Insurance Case Study
    • 802 Words
    • 4 Pages

    Allstate Insurance Case Study

    The Allstate Corporation was started in 1931 as part of Sears, Roebuck and Company. In 1993, the Corporation splinted from the organization, and now it is ranked third-largest personal lines insurer. This insurance company is well established to the US people through its slogan name, "You're In Good Hands." It faces stiff competition from the State Farm Company, which is ranked above it in terms of annual revenue returns. However, it is the largest publicly held corporation and the best insurance company, which makes it more stable in the financial and insurance industry (Allstate Insurance Company). It has a market capitalization of $35.2 million with $108.5 billion in its total assets. On the other hand, State Form Company, which is the key competitor, have $13.08 million market capitalization.…

    • 802 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    strategic HR planning - Stonewall cas
    • 2310 Words
    • 10 Pages

    strategic HR planning - Stonewall cas

    Interest rate is another factor that has significant impact on demand side of the housing and construction raw materials. Once the interest rate raises, funds available for investment decrease, which means people will be more reluctant to invest in real estates. It would hence result in the shrinkage of housing…

    • 2310 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Good Essays

    Boat Insurance Case Study

    • 859 Words
    • 3 Pages

    Boat Insurance Case Study

    Prepare a first draft BPMN diagram that shows the Boat Sales Insurance Process. Be clear about how the customer interacts with the Insurance Company.…

    • 859 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    tax court case
    • 417 Words
    • 2 Pages

    tax court case

    The general rule for Sec.123 which is related to “the mounts received under insurance contracts for certain living expenses” is that “In the case of an individual whose principal residence is damaged or destroyed by fire, storm, or other casualty, or who is denied access to his principal residence by governmental authorities because of the occurrence or threat of occurrence of such a casualty, gross income does not include amounts received by such individual under an insurance contract which are paid to compensate or reimburse such individual for living expenses incurred for himself and members of his household resulting from the loss of use or occupancy of such residence”…

    • 417 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Cheapest Insurance Quotes
    • 561 Words
    • 3 Pages

    Cheapest Insurance Quotes

    Obviously, paying little heed to which state you live in, there is an arrangement of rules that obliges you…

    • 561 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Homeowner Insurance Renewal Case Study
    • 356 Words
    • 2 Pages

    Homeowner Insurance Renewal Case Study

    We are pleased to provide your Homeowner insurance renewal policy effective 1/31/17. Please review the policy and advise us if any corrections or changes are required. The deductible for this policy is $10,000, with a separate deductible of 3% of the insured value for Named Storms.…

    • 356 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Wgu Social-Responsibility Critical Analysis
    • 1077 Words
    • 5 Pages

    Wgu Social-Responsibility Critical Analysis

    This essay is a critical analysis of the behaviors that Company Q has demonstrated with regard to social responsibility. In essence, Company Q’s behaviors, while reasonable reactions to maintain financial viability and avoid contribution to employee malfeasance, actually demonstrate a profound solicitude that results in a negative public image that will end up costing it more in the long term. I will offer solutions that will provide a cost savings while keeping Company Q from making further embarrassing errors.…

    • 1077 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Ice Jam Research Paper
    • 1364 Words
    • 6 Pages

    Ice Jam Research Paper

    Abstract: The January 1996 event, and its damages was used to understand ice jam flooding in the lower Mohawk River. Ice jams are formed when the blocks of ice formed along the river causing water retention behind the blocks of ice. Once the ice melts the water that was retained adds up to the water level already existing. to understand ice jams better the tree elevation scar of the eastern cottonwood tree was measured in the lock 8 in glenville, stockade park in schenectady and at the Glen sanders mansion in Scotia. A stadia rod and a vertical scale were used to measure the tree scars. The first ice jam formed at Stockade Park in Schenectady at around 12:15 AM and broke at 02:00AM lasting one 1 hour and 45 minutes while the second ice jam formed around 06:15 AM and broke around 07:45 AM lasting 1 hour and 30 minutes. Being aware of how ice jams form and the foundings…

    • 1364 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Federal Funds Rate Increase Paper
    • 1897 Words
    • 8 Pages

    Federal Funds Rate Increase Paper

    Mortgage rates will rise, which is a big deal if you're applying for a new home loan or have a variable-rate mortgage. This could hit first-time buyers especially hard. A one percent interest rate increase can increase the cost of a $100,000 mortgage by over $700 a year. Other loans also will be more expensive, so whether you're financing a new car or carrying a balance on your credit card, it's going to cost more. Rising interest rates may also lead to a decline in home prices, so sellers will want to factor that into their plans. And, as borrowing costs go up, people tend to buy less, which affects businesses in…

    • 1897 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Residential Water Damage Case Study
    • 417 Words
    • 2 Pages

    Residential Water Damage Case Study

    At SERVPRO, we know that winter weather generates nurturing conditions for mold, mildew and getting residential water damage. Our area of middle Tennessee around Fort Campbell and Clarksville has high humidity in the summer and plenty of snow and rainfall during the winter, which can result in various situations that result in severe damages to your home.…

    • 417 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Umbrella Liability Policy
    • 334 Words
    • 2 Pages

    Umbrella Liability Policy

    In our litigious society, you may want to have an extra layer of liability protection. That is what a personal umbrella liability policy provides. An umbrella policy kicks in when you reach the limit on the underlying liability coverage in a homeowners, renters, condo or auto policy. It will also cover you for things such as libel and slander. For about $150 to $300 per year you can buy a $1 million personal umbrella liability policy. The next million will cost about $75, and $50 for every million after that. Most insurers will want you to have about $250,000 of liability insurance on your auto policy and $300,000 of liability insurance on your homeowners policy before selling…

    • 334 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    The Effects Of Melting Ice Glaciers
    • 1128 Words
    • 5 Pages

    The Effects Of Melting Ice Glaciers

    My first article is the "UNESCO World Heritage site film on Los Glaciares National Park in Argentina". This clip tell you Los Glaciares is the third largest ice field in the world and how the snow falls and become a part of the ice fields. Both were very interesting and provided me with a better understanding of glaciers and how they can support and sustain many communities around the world and the connection to global warming.…

    • 1128 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Pet Insurance Research Paper
    • 1274 Words
    • 6 Pages

    Pet Insurance Research Paper

    Following the death/accident or the loss, one is left in a sticky financial situation. Insurance basically means protecting yourself from unseen and unexpected perils. We do not claim to know when these dangers may occur but we prepare ahead to protect ourselves from them. Surprisingly, some may not know the theory of insurance even though most of their property may be insured. Insurance operates on the concept of "pool of interests". This means that a number of people having a common insurable item, may come together and agree to pay regular sums of money called "premiums" to protect themselves from an uncertain danger. There is no possibility that in the event that an accident occurs, it will affect everybody. If the accident happens, it will most likely happen to only one person in the insured group. Thus the regular payments made by the entire group are put to use in helping to return the affected member's property to its original state. Insurance is governed by six principles, namely; Utmost good faith This requires you to be open with your insurer concerning the property to be insured. Indemnity This means that in the event that the accident occurs, the insured will be place in the same financial position that they were in before. Subrogation This states that the damaged property is now owned by the insurance company…

    • 1274 Words
    • 6 Pages
    Good Essays
    Read More

Related Topics