See the full video at https://youtu.be/kIO_EIesaDA  Of all the insurances acquired in the United States, the most common household policy and its sister tenant policy cover everything a homeowner policy covers but structure.
Homeowners insurance is nothing more than an agreement between a person seeking insurance and an insurance company that promises to protect the insured against the risk of loss of certain described property or liability to third parties. The insurer can be set up as a stock insurance company, a mutual insurance company, an interinsurance exchange or a syndicate of insurance companies that write through an insurance market such as Lloyd & # 39 ;s, London. The insured may be a person, a company, a partnership, a limited liability company, a limited liability company, a joint venture or any other legal entity.
Household insurance is obtained by the person or entity applying for insurance (the insured) who contacts the insurer as a potential insured applying for insurance. The contact can be directly to the insurer or through contact via an agent or a broker's services.
The household policy is a special insurance that insures the homeowner from certain risks of loss of the real and personal property at home, the exposure to which the insured is exposed to damage to a household employee and the exposure the insured faces liability for bodily injury or property damage caused by third party. or content is damaged by an identified cause of loss.
The insured, on the other hand, promises to pay a premium and meet the terms of the insurance.
There are three ways in which a prospective insured can get an insurance policy:
- Contact with an insurance agent.
- Contact with an insurance broker.
- Contact with a direct writing insurance company.
© 2021 – Barry Zalma
Barry Zalma, Esq., CFE, now limits his practice of serving as an insurance consultant specializing in insurance coverage, insurance management, insurance claims and insurance fraud almost equally to policyholders and policyholders. He also acts as an arbitrator or mediator for insurance-related disputes. He practiced law in California for more than 44 years as an insurance coverage and claims lawyer and more than 52 years in the insurance industry. He is available at http://www.zalma.com and firstname.lastname@example.org.
Mr. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.
For the past 53 years, Barry Zalma has devoted his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following libraries with books and other materials to enable insurers and their claims staff to become insured.
Go to the podcast Zalma On Insurance at https://anchor.fm/barry-zalma; Follow Zalma on Twitter at https://twitter.com/bzalma ; Go to Barry Zalma videos on Rumble.com at https://rumble.com/c/c-262921; Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; Go to the library for insurance claims – https://zalma.com/blog/insurance-claims-library/ Read posts from Barry Zalma on https://parler.com/profile/Zalma/ posts ; and Read the last two issues of ZIFL here.