9 Causes of Leaky Windows. One of the main reasons to ensure your windows are watertight is to keep moisture out of the walls. Once inside your walls, moisture can cause rot, mold and pest problems. Keeping water at bay would be easier, of course, if our homes had no openings for doors and windows. But of course houses do have what those in the building trades refer to as penetrations.
A âhold harmlessâ agreement, on the other hand, is one party agreeing not to hold the other party responsible for any loss, damage, or legal liability that may arise from the matters made the subject of the agreement.
Insurance retention (IR) is the portion of an insurance claim not covered by the insurance company. It is that portion of any loss paid by the insured. A deductible is the most common example of insured retention although there are other types of retentions. An insurance deductible on a liability policy is the amount that must be paid or reimbursed by the insured for each claim paid by the insurance company. In the case of third party claims, insurance companies must pay any legitimate covered claim and seek reimbursement of the deductible from their insured.