What is Uninsured Motorist Insurance?
Auto coverage that protects the auto owner in the event an irresponsible motorist (a driver without insurance) causes an accident. Homeowners Insurance Questions Unoccupancy (general) The absence of people from the insured home or building. Vacancy (general) The absence of both people and furniture from the insured home or building. Vacancy will affect a claim settlement if the building is vacant beyond 30 days for personal policies and 60 days for commercial policies. Peril A cause of loss (i.e. fire, lightning, theft, etc.) Replacement Cost Basic valuation provisions which replaces old damaged property with new replacement property at today’s replacement cost, without any deduction for depreciation.
