What is a deductible and when must it be paid?
A deductible is the amount you are financially responsible for before the insurance company begins to pay the claim. In most cases, a higher deductible will give you lower premiums. Usually, you pay the deductible amount directly to the repair facility when work on your vehicle is completed. If the settlement payment is being made directly to you, the deductible will be subtracted from the amount before you receive a check.
Does every homeowner have to have insurance?
Not every homeowner has to have insurance—for example, you may have paid off your home and are not required by a lender to have insurance—but every homeowner should. A homeowner’s policy covers damage to the home itself and also provides liability protection if someone is hurt on your property and sues you. It makes sense to protect such an important and valuable investment with this kind of insurance.
What are the differences between boat and yacht insurance?
Generally "boats" are considered to be 26' and smaller, and "yachts" are 27' and larger. Generally speaking yacht coverage is broader and more specialized because larger boats travel further and have more unique exposures.
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