Loss

Am I Entitled To Loss Of Use If Someone Hits My 20′ Boat And Their Insurance Totals It?

My boat is only used for pleasure but I am on it just about everyday for three months a year.

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Technorati Tags: Boat, Entitled, Hits, Insurance, Loss, Someone, Their, Totals

Tags: Boat, Entitled, Hits, Insurance, Loss, Someone, Their, Totals

Tuesday, February 23rd, 2010 Boat Insurance 4 Comments

Tornado Hit Home And Total Loss ?

House will prob. be declared a total loss…what does that mean? If declared that term will the dwelling coverage of the insurance be paid out to the max as well as the contents? There also is a loss of use amount on my insurance policy, will that be paid out to me in full/I have to pay first and then get reimbursed. Not much can be done since the electric can’t even be turned on till next month and many homes have a do not occupy sign posted…IT won’t be a quick fix. CAn an upcoming purchase of a rv/5th wheel travel trailer be placed under a loss of use claim since living in a 1 room hotel is just difficult w/ a family? Will the insurance company make offers on total loss in terms of what will be paid out or is it an auto max payment of what the dwelling covers? Or does it go beyond the dwelling coverage if the fair market value is used since repairing it into what it used to be exceeds the dwelling coverage amount? thank you

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Technorati Tags: Home, Loss, Tornado, Total

Tags: Home, Loss, Tornado, Total

Thursday, August 27th, 2009 RV Insurance 5 Comments

We Bought An Rv This Past Year, It Got Wrecked Shortly After. Can We Claim It As A Loss?

Okay we bought an RV, due to a manufacturer problem it wrecked while taking vacation. We had already made 5 payments on it at the time. The insurance company paid it off but our question is can claim it at a loss?
Thanks in advance for your answers.