I have a business office in my home. Am I covered in the event of a claim?
Home insurance contracts usually provide comprehensive protection varying between $1,000 and $5,000 for office furnishings. Obviously, it's easy to exceed this sum – for example, if you run a hair salon or even an accounting office at home. Here, you might want to consider adding an amendment to your home insurance contract to make sure your professional equipment is covered.
Forecasters are predicting a very cold winter. If the thaw damages my pool, am I covered?
This type of damage is not automatically covered by home insurance contracts. Here again, better to play it safe and add an amendment.
If my home burns to the ground, will the compensation I receive be equivalent to the actual cost of rebuilding, considering the higher cost of labour and materials?
Yes – but again, only if the contract includes “guaranteed replacement cost” coverage. This protection is usually intended for individuals whose homes are in good condition and are insured with comprehensive risk protection. Note that the roof is a key consideration when determining the condition of a home. This protection applies only to the principal residence and not to a country house or a secondary residence.
I have just had my laptop computer stolen. Will I be reimbursed?
The laptop is covered by home insurance, even if it is stolen from your car. Protection of software and Web-based downloads varies between $500 and $2,000, depending on the policy. In general, there are no fixed maximum amounts for laptop computers. But if a laptop is dropped and broken, coverage will only be provided in certain home insurance policies.
My bicycle is worth $7,000. Is it covered by my policy?
In general, home insurance contracts provide for $2,000 to $5,000 in compensation per sporting article. If the bicycle is worth more, as in this case, then a special clause should be included in the insurance contract.
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