What is cosmetic damage exclusion and how does it work?
Excludes coverage for damage affecting appearance only (e.g., hail dents) that doesn’t affect function.
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4294 Dahlberg Drive, Golden Valley, MN 55422
Archives FAQs
Do we need Flood & Earthquake Coverage?
Typically not included unless specifically required by lenders.
What is Terrorism Coverage?
Protects against damage or liability from acts of terrorism.
What’s an example of ordinance/law?
Paying for fire sprinkler installation required by new codes after a fire.
What is Demolition & Debris Removal – undamaged portion?
Covers demolition of undamaged building parts required by code after a loss.
What is Coverage C: Increased Cost of Construction?
Pays for extra costs to meet current building codes during repairs.
What is Undamaged Property Exclusion?
Insurer only pays for physically damaged portions, not for aesthetic matching of undamaged parts.
Are “sewer backup” and “sump pump failure” per building or for the entire community?
These limits are typically per occurrence.
What are the average costs associated with “sewer backup” and “sump pump failure”?
Costs are typically in the hundreds for coverage; repairs can range from $1,000 to $4,000.
Why don’t you recommend lower deductibles?
Lower deductibles increase premiums; higher deductibles are recommended if reserves are adequate.