General Description: Dwelling, liability, personal injury, and personal property in the event of loss and/or damage.
Typically Covered:
Physical structure
Personal property
Liability exposure
Medical expenses for injuries caused on the premises
Many natural disasters
Typically NOT Covered:
Floods
War
Nuclear hazard
Wind Damage (certain geographic areas)
Coverage Considerations: Coverage for any person named on the policy, non-tenant residents of the home, guests or visitors
Of Special Note: Mortgage lender typically requires coverage.
Condominium Insurance
General Description: Liability, personal injury, and personal property coverage in the event of loss and/or damage.
Typically Covered:
Personal property
Certain property improvements (i.e. additions, private garage, balconies)
Liability exposure
Typically NOT Covered:
Any event listed in the policy’s “Exclusions” section, including:
Earthquakes
Floods
Power failure
Neglect
Nuclear hazard
War
Intentional Acts
Common areas such as stairs, elevators, roof
Coverage Considerations: Coverage only for “named perils”
Of Special Note: Pay special attention to the “loss assessment” portion of your policy.
Renter's Insurance
General Description: Liability, personal injury, and personal property coverage in the event of loss and/or damage.
Typically Covered:
Personal property
Liability exposure
Additional living expenses (if occurrence was a named peril)
Typically NOT Covered:
Any event listed in the policy’s “Exclusions” section, including:
Earthquakes
Floods
Power failure
Building Code Enforcement
Neglect
Nuclear hazard
War
Intentional Acts
The physical structure
Coverage Considerations: Coverage for 17 specific “named perils”
Of Special Note: Pay special attention to the “pay out” limitations of your policy.
The insurance industry and market conditions are ever-changing. Wachovia, through its insurance affiliates, is working towards a home insurance solution that will meet your needs. Please check back with us soon.
If you are a current policy holder, please contact your insurance company directly for any questions or service needs.
All products contained within this Web site may not be offered at a Wachovia branch.
Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency; May Lose Value; Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate