Investopedia

Continue to Site »

Demolition Insurance

Filed Under » ,
Dictionary Says

Definition of 'Demolition Insurance'

Insurance that is used to cover the costs of demolishing a building that is damaged by a peril, such as a fire or storm. Zoning requirements or building codes may require that a damaged building be demolished rather than repaired. Demolition insurance covers the cost of tearing down undamaged portions of a damaged structure.
Investopedia Says

Investopedia explains 'Demolition Insurance'

Demolition insurance covers a building that is damaged, not necessarily pieces of a building that may cover the property itself after a storm or other peril. Property owners should also check their property insurance policies for a debris removal provision, which covers the cost of removing debris and pollution that may result from demolition.

Articles Of Interest

  1.

    With HO5 Insurance, You're In Charge

    This home insurance covers everything and will put the onus on your insurance provider.

  2. The Importance Of Property Insurance

    Property insurance is important, but there's a lot you need to learn in order to get the proper coverage.

  3. Deducting Disaster: Casualty And Theft Losses

    If you've been a victim, your losses may be deductible. Find out how.

  4. Exploring Advanced Insurance Contract Fundamentals

    Understanding your contract can help you protect our family's financial security.

  5. Do You Need Casualty Insurance?

    Find out how different types of coverages can protect you and which policy is right for you.

  6. Beware These Disaster-Related Scams

    Con artists prey on the weak. Those who just survived a natural disaster can be easy targets.

  7. Can my insurance company refuse me coverage?

    Insurance isn't always as straightforward as other products. Insurers can deny coverage in many different instances:Non-Renewal An insurance company is not obligated to renew an insurance policy ...

  8. How Much Will Hurricane Sandy Cost Insurance Companies?

    Hurricane Sandy's economic cost is staggering, but insurance companies will be paying out less than you might think.

  9. 5 Household Items You Should Insure

    Your homeowner's insurance doesn't cover everything you own and the items it does cover are only partially insured if theyre high-priced items.

  10. Suppose my garage collapsed onto my car. Are damages covered by my home insurance or auto insurance?

    Generally, damage to an automobile will be covered by comprehensive car insurance, which is in addition to collision coverage that applies to a car or truck while it is in use. In addition to ...
comments powered by Disqus
Marketplace
Hot Definitions

  1. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  2. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  3. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  4. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.

  5. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.

  6. Lease To Own

    An arrangement where an individual enters into a lease agreement with an owner with the inclusion of a clause that typically gives the individual the right, but not the obligation, to purchase the item leased at a predefined price and time.
Trading Center