What is an HO-6 Insurance Policy?
Monoline insurance policies provide credit wraps for several fixed income securities, including municipal bonds, collateralized debt obligations and mortgage backed securities. Issuers often purchase a monoline insurance policy to either enhance the credit rating of their issues or to protect the debt from being downgraded. Along with attaching credit wraps to a debt issuance, monoline insurance policies may also provide bonds that safeguard against default in transactions or contracts where physical goods are exchanged.
What is a standard fire insurance policy?
Standard fire insurance policies provide coverage against financial loss or property damage caused by a fire or other covered perils. The basic version of a fire insurance policy covers the
cost of replacement, reconstruction or repair beyond what is outlined in the holder’s property insurance or homeowner’s policy.
What is the benefit of an umbrella insurance policy?
The primary benefit of an umbrella insurance policy is that it extends someone's personal liability coverage beyond what a standard home or auto policy provides. Higher personal liability protection increases the financial coverage in a worst-case scenario and reduces the risks of financial ruin, according to Insurance.com.
How do you lookup what your insurance policy covers?
Information on insurance policy coverage is often located on the policy itself or through an insurance agent. General information about coverage may be located on the insurance carrier's website.
How can you find out your insurance policy number?