The first, he said, is to cover damage to the apartment caused by a third party.
And many residents are learning that their insurance may not even cover damage to their homes.
The site lets hosts require a rental deposit to cover damage or other problems.
Property-casualty insurers, which cover damage to home and cars, reported their highest-ever profit of $73 billion last year".
But he did not have insurance to cover damage to his inventory or sales losses inflicted by a disaster.
Lafayette and other insurers say their policies cover damage from wind but not flooding, including water from a levee breach.
The proceeds went to cover damage to the house or to pay the bands, or for charity.
Checks were even sent out to cover damage to houses that investigators later determined were empty lots or cemeteries.
Other questions being raised in court include whether insurance policies will cover damage caused by the year 2000 problem.
Generally, though, you'll pay out of pocket for this; insurance policies cover damage from falling trees, but not prevention.
Their answer was that yes, auto insurance, and liability coverage, in particular, will generally cover damage to a gas pump.
