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In insurance parlance, "hazard" means coverage for damage to the structure caused by fire, smoke or vandalism.
Atlantic Mutual charges $22 to increase the liability coverage for damage to another driver's car to $50,000 -- from the $10,000 minimum -- while Erie charges $24.
(Oddly, though, there may be coverage for damage to trees and shrubs damaged by fire or vandalism, according to the Institute).
He told the crowd that Sidley Austin's insurance policies included tens of millions of dollars worth of coverage for damage to people and facilities, and $1.5 million for the art collection alone.
Instead, two drivers with similar records have paid the same for liability coverage (for damage and injuries to others) and personal injury coverage (for injuries in the policyholder's vehicle), whether they are driving a Chevrolet Suburban or a Ford Escort.
In addition, you want coverage for damage that occurs as a result of the breakdown of a climate control system.
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Supporters of the measure say it is essential to avoid an economic calamity early next year, when many insurance policies come up for renewal, by making sure that policies contain adequate coverage for damages from terrorism attacks.
While far less than adequate, SPWC products and services are valuable to a wide array of customers responsible for space weather dependent systems such as satellites, GPS, power companies, airlines, and companies insuring against losses due to solar storms (Lloyds of London recently began offering coverage for damages due to space weather).
The insurance industry is wary of some of the proposals to require gun owners to buy liability coverage — and particularly of bills, like one that was filed in New York that would require coverage for damages resulting not only from negligence but also from "willful acts".
The physician's group or clinic or its insurance representative should consult in advance and in writing with the malpractice insurance carrier to determine if it will confirm in writing coverage for damages and the costs of defense in a suit arising from a physician-assisted suicide.
A Pierre Debbas, a Manhattan real estate lawyer, said that while condominium bylaws typically require all unit owners to have a specific amount of coverage for damages sustained by others, it is common for unit owners to require rental tenants to have their own renter's insurance.
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