Comprehensive Home Insurance
However, since about 1996 insurers have begun to take a more active role in loss mitigation, such as through building codes. If the Insured has a "reimbursement" policy, the insured can be required to pay for a loss and then be "reimbursed" by the insurance carrier for the loss and out of pocket costs including, with the permission of the insurer, claim expenses. Insurance involves pooling funds from many insured entities to pay for the losses that some may incur. The insured entities are therefore protected from risk for a fee, with the fee being dependent upon the frequency and severity of the event occurring. You must read and thoroughly understand all the terms and conditions of the policy contract before signing it. If there is anything you do not understand, get clarity from your insurance agent, or directly from the insurance company, and be thoroughly satisfied that you have understood all aspects of your policy. You should especially look out for what wi