Why does my policy have more than one deductible?

A policy commonly carries a flat deductible for most claims and a separate percentage-based wind and hail deductible in storm-exposed states like Georgia.

Does my own insurance cover me when I stay in an Airbnb or VRBO?

The host's short-term rental policy protects the host, not you. As an Airbnb or VRBO guest, your own homeowners or renters insurance usually covers your belongings and personal liability away from home, within policy limits, while travel insurance covers trip-specific risks neither the host nor your home policy will.

Does homeowners insurance cover flood damage?

No. Standard homeowners policies exclude all flood damage regardless of cause.

What does uninsured motorist coverage do?

If you are hit by a driver with no insurance or not enough insurance, uninsured and underinsured motorist coverage pays your medical bills.

When do we use Selective for flood coverage versus NFIP?

Selective private flood wins for Zone X and moderate AE properties where it beats NFIP on price and offers higher limits with ALE coverage.

Does Alabama law require builders risk insurance?

All FAQs

Quick answer: No. Alabama has no statute requiring builders risk insurance. In practice, most construction lenders require it as a condition of the loan before releasing funds, a lending-industry practice used nationally, not a state-specific mandate.

Does Alabama law require builders risk insurance?

No. Alabama has no statute requiring builders risk insurance on a construction project.

Who actually requires it, then?

In practice, most construction lenders require it as a condition of the loan before releasing funds, a lending-industry practice used nationally, not a state-specific mandate.

Example

A Montgomery homeowner building a custom house with a construction loan finds the lender will not release the first draw until proof of builders risk coverage is provided, even though no Alabama statute requires it independently of the loan.

What should a project owner check?

A coverage review can confirm the right builders risk limit for a specific project's value and timeline. See Alabama builders risk insurance for more.

Example

A Fairhope developer building a coastal spec home takes out a construction loan and discovers the lender will not release the first draw without proof of an active builders risk policy covering the structure through completion. The requirement comes from the loan agreement, not from any Alabama statute, but it is just as binding for that project.