This coverage covers you if you have a guest over to your home and somehow that guest gets injured. This coverage focuses on small claims mostly.

These forms of coverage also protect you and your passengers if you’re injured in an accident. Depending on the insurer and the policy, they may cover pedestrian injuries too.  If you live in a no-fault state, you might have to buy this kind of coverage. In other states, it’s often sold as optional coverage.

A federal program enabling property owners in participating communities to purchase insurance protection against losses from flooding. This insurance is designed to provide an insurance alternative to disaster assistance to meet the escalating costs of repairing damage to buildings and their contents caused by floods.

Some states have adopted no-fault insurance systems over the years to put a dent in the costly lawsuits that stem from car accidents. In these states, drivers generally can’t sue each other unless they’re seriously hurt.  Also, if you’re in an accident that involves another car in a no-fault state, your insurance company, not the other driver’s, pays your claim.

Includes, but is not limited to: small business concerns, churches, schools, farm buildings (including grain bins and silos), pool houses, clubhouses, recreational buildings, mercantile structures, agricultural and industrial structures, warehouses, hotels and motels with normal room rentals for less than 6 months’ duration, and nursing homes.

An area in a low to moderate risk flood zone (Zones B, C, X) that is not in any immediate danger from flooding caused by overflowing rivers or hard rains. However, it is important to note that structures within a NSFHA are still at risk.

What I always say to clients is that the state of Ohio requires that the insurance company provide you with 10 percent of the dwelling amount for what they call Other Structures or Private Structures (both terms mean the same thing). In my own words, this coverage is for any thing that is not attached to your home. Examples are a shed, an outdoor inground or above ground pool, or a fence that is not connected in some way to your home.

Let’s pretend that you could pick your house up and turn it upside down and shake it. Everything that falls out would be considered Personal Property. The state of Ohio requires insurance companies to provide you with 50 percent of the dwelling for Personal Property. Although many of today’s insurance companies do provide you with 70 to 75 percent of the dwelling amount to remain competitive.

Personal Property has a lot of hard things to deal with. You must come to terms with the fact that no insurance company is going to be able to replace 100 percent of your personal belongings. When you buy something that is one of a kind, please think about how you should best protect it. Maybe you should take pictures of it just in case so that you will always have the memory even if you no longer have the item. I have personally had a claim and I do have to say that they do a really great job of trying to get you back to as close to where you were as possible. We have all heard the horror stories, but that is not the norm. The bottom line is that protecting your property is a partnership between you and the insurance company.

A building for which construction or substantial improvement occurred after December 31, 1974, or on or after the effective date of an initial Flood Insurance Rate Map (FIRM), whichever is late

A building for which construction or substantial improvement occurred on or before December 31, 1974, or before the effective date of an initial Flood Insurance Rate Map (FIRM)