Assertion: homeowner's home | /r/HasProperty | damaged
Facets:
value: severely
type: DEGREE
Source sentences:
text: If it applies, it means the homeowner would be out of pocket for most costs if the home is damaged.
text: For example, if a home is damaged or destroyed, changes in building codes could result in additional, uncovered expense when the home is repaired or rebuilt.
text: For example, if a home is damaged or destroyed, changes in building codes could result in additional, uncovered expense when the home is repaired or rebuilt.
text: Replacement cost condition: Dwelling and other structures: If a home is damaged or totally destroyed, a homeowner’s policy will generally pay (within policy limits) to rebuild or repair on an “actual-cash-value” basis.
text: Sometimes when an older home is damaged, the owner is required to upgrade outdated systems during repairs so that the house meets current building and safety codes.
text: Insurance companies use the score to help set home insurance rates, as a home that is less likely to be severely damaged or destroyed by fire is cheaper to insure.
text: People take out homeowners insurance for the same reason they take out car and health insurance: If a home is damaged or someone else injured on the property, insurance helps owners cope with the financial consequences.