Townhomes & Duplexes: How Much Will A Homeowners Policy Cover?

April 5, 2019

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If you are considering purchasing a townhome or duplex, you may be wondering if coverage under a homeowners policy would be different than coverage for a single-family dwelling. Our knowledgeable agents at Lawton Insurance Agency in Lewisburg, Pennsylvania will be happy to explain the coverage for each type of dwelling and help you find a policy that suits your needs at the best available rates. What Are Townhomes and Duplexes? Perhaps the best place to start is a description or definition of each type of dwelling. Townhomes: A townhome is the same as a townhouse. The origin of the term “townhouse” dates back to early England, when it referred to a house kept in town (London), as opposed to a primary residence in the country. In the U.S. today, a townhouse or townhome is defined as a single-family dwelling with at least two stories that shares a wall with another dwelling. Each townhome is individually owned. Duplexes: A duplex is a house divided into two apartments or dwellings, with a separate entrance for each. It is two homes in a single building. The two separate homes are typically side-by-side with a shared wall. Duplexes may be listed as either residential, multi-family, or commercial properties.

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Thai Life Insurance Public Company Limited

Thai Life Insurance Plc is first life insurance Company built by Thai people intended to provide financial security and stability for Thai families which was established over 75 years ago. With the solid financial standing and has its 10,500 million baht registered capital which is the largest in Thai life insurance industry. Thai Life Insurance drive the company by focused on people and has set thoughts and attitudes for personnel by Care, Compassion, Trustworthiness

OTHER ARTICLES
CORE INSURANCE

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CLAIMS

Builders Risk Insurance Vs. Liability Coverage: How Each Benefit Works

Article | December 22, 2021

For construction contractors, there is nothing more important than safeguarding your works in progress. After all, if something were to damage the property and interrupt your progress, then you might face a huge financial setback. At this point, it’s critical that you have builder’s risk insurance ready and waiting. Your policy will be there to assist you following property damage at construction sites. However, your builder’s risk policy will not offer the same coverage to injuries or property damage that you cause to other parties. In this case, separate liability insurance benefits will provide the necessary benefits. Though separate from your builder’s risk policy, liability coverage is equally important. Let’s take a closer look at how these benefits work.

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INSURANCE TECHNOLOGY

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Article | December 16, 2021

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How InsurTech-Insurance Partnership Delivers New Product Innovations

Article | February 14, 2020

In 2019, InsurTech funding reached $6 billion, acknowledging the pace that technology can bring to overcome the age-old Insurance problems, the State of AI in Insurance 2020 says. While Incumbents are known for their core competencies in end-to-end insurance processes (from underwriting to claims settlement and reinsurance), InsurTechs are enticing millennials with fully digital innovative products and solutions.

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Spotlight

Thai Life Insurance Public Company Limited

Thai Life Insurance Plc is first life insurance Company built by Thai people intended to provide financial security and stability for Thai families which was established over 75 years ago. With the solid financial standing and has its 10,500 million baht registered capital which is the largest in Thai life insurance industry. Thai Life Insurance drive the company by focused on people and has set thoughts and attitudes for personnel by Care, Compassion, Trustworthiness

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