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Bill Wilson's newsletter:
"For most Americans, by far their most valuable asset is their home. In order to protect that asset from loss, most consumers insure the replacement cost of their homes with a homeowners policy. Most homeowners policies cover the dwelling “where ‘you’ reside,” which is interpreted by some to mean that, unless “you” reside there at the time of loss, there may be no coverage."
I will not steal his thunder, go here to read it:
The Invisible But Potentially Catastrophic Homeowners Exclusion That’s Not An Exclusion
"For most Americans, by far their most valuable asset is their home. In order to protect that asset from loss, most consumers insure the replacement cost of their homes with a homeowners policy. Most homeowners policies cover the dwelling “where ‘you’ reside,” which is interpreted by some to mean that, unless “you” reside there at the time of loss, there may be no coverage."
I will not steal his thunder, go here to read it:
The Invisible But Potentially Catastrophic Homeowners Exclusion That’s Not An Exclusion
