O'Reilly logo

Principles of Risk Management and Insurance, 13th Edition by Michael McNamara, George E. Rejda

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Section II Additional Coverages

A homeowners policy automatically includes several additional coverages, including coverage for claim expenses, first-aid expenses, damage to property of others, and loss-assessment charges.

Claim Expenses

Claim expenses are paid as an additional coverage. The insurer pays the court costs, attorney fees, and other legal expenses incurred in providing a legal defense. The claim expenses are paid in addition to the policy limits for liability damages.

The insurer also pays the premiums on bonds required in a suit defended by the insurer. For example, a judgment may be appealed, and if an appeal bond is required, the insurer pays the premium.

Reasonable expenses incurred by the insured at the insurer’s request to ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required