Home Insurance Questions
Home insurance? I am not sure how much home insurance coverage I should have for the house I bought 2 years ago. The cost of the house including the land was $96,000. But that includes the price of the land, etc. I now have to renew the home insurance policy and realized maybe I should reduce the amount of the coverage from $96,000 to around $80,000. The dwelling amount for the insurance has been the price I paid for, $96,000. But if something happens and the house needs to get rebuild, the cost of building should not be as high as $96,000. I currently owe mortgage $70,000. Do you have any recommendation? I do not know if I can ask the insurance agent to reduce the dwelling coverage. But I am hoping a way to save money on the home insurance. Could someone give me an advice? Thank you.
home insurance? i live in southern california and my home value is 600,000. I pay 2,200 for insurance every 6 months. i think this is a little too high but would like to know if this is average. When i bought the house i was too excited that i didnt even talked to my insurance agent, who is located in Fresno, Ca. I do live near a school could that also be the reason why my home insurance is so high? Could the location make any different? Can i also change insurance or will there be a penalty? I have no clue? My insurance is through Farmer. thanks in advance!!!!!
Home insurance? My partner and I have buidlings and contents insurance, my question is...is this classed as home insurance or with this just being buildings and contents do i need separate home insurance. I know this may be a daft question to ask but I was just wondering so please any advice thankyou
Home insurance? Do home insurance plans typically cover flooding? I ask because a home that I'm considering buying is only about a block from the shore (in earthquake-prone northern California) and we all learned a few years ago that earthquakes can cause tsunamis, dams/levys can break, etc. Any other considerations to be had? Thanks!
Home insurance? I am buying a home. How do I find a home insurance company? Will my mortgage company help me with that?
Home Insurance? Hi, I am looking for home insurance. This is not for a huge house just a little cottage, would like to insure it for around $40.000. This is a vacation cottage so dont need a huge amount.
Home Insurance? I plan to turn my first single home into a rental property. Do I need to report the insurance that I will not live in that house?
Home Insurance.? Is there any British Insurance companys that will insure my home in Florida, 34652, USA? Owned outright - No morgage. Fire + theft + Public Liability coverage only?
Home Insurance? How soon during the closing process should I purchase home insurance?
home insurance!?!? about how much would home insurance be in the toronto west area? i have not bought the house yet but my offer got accepted. im going to buy the house for 270,000
Home insurance? im looking for some insurance that will mean if either my fiancee or i die our house will be paid off in full (this way our kids have a home) im still quite young (38) any one know any good companys to get a quote with?
home insurance? what should insurance cost for a 220000 dollar home in dover nj plus 20000 coverage for persoanl possesions
Home Insurance? When i enquired about home insurance, i was asked if i had a criminal record. Would they find out if i said i didn't have one?
Home Insurance? If your insurance runs say from 1st November 07 to 1st November 08 and if you make a claim in January 07, and then make another claim on 26th November 07. Does this mean that this is counted as 2 claims differernt years or is this claims counted the same year?
Home insurance? i got a check for $8000 from my state farm insurance company to fix my house siding and roofs from hail storm... i kept the money instead of fixing it.. now my house is in a process of forclosure.. what's gonna happend to me? do i have to give back $8000? thanks
Home Insurance? How do insurance companies know how much to give you if anything happens to your house, such as a fire or a flood? I know they will know how much the house is worth, but how do they know what was in the house and how much to give you for the personal belongings in the house?
How the home insurance for secondary home different from primary home insurance? I am renting my home for 4 months and that's why I need to convert my Primary home owner's insurance policy to Land lord policy. But after 4 months I can't change the insurance of my home to Primary home owner policy. But I will have to get the Home owner's insurance for the secondary home which is more expensive then the primary home. I do not live in this house. So is it okay to go for a landlord policy for 4 months and then to secondary home - insurance policy? Is there a risk of very high premium on Secondary policy, could I change the policy back to primary home owner's policy? What are the drawback of a secondary home insurance vs primary home insurance policy. Please help. Thanks.
Business Insurance vs home insurance? I started a business out of a residential home I bought. The business is seperate from my home. So I rent the home to the LLC. Yet, my insurance provider which insured it previously as a rental is saying I have to insure the whole thing as a business. But I don't get it. What if I was renting it to someone else who had a business? Why would they be responsible for insuring the home and not just the business. As I said the business is an LLC and does not claim the home as an asset. Why can't I just get liability insurance for the business and a basic home insurance for the house? Bottom line I am worried that if I insure the whole thing under business insurance and if someone sues the LLC one day they may look at my home as an asset of the LLC. I did buy the home in my name not the business so don't know if that will protect my home.
Home insurance, Mortgage insurance, and life insurance? I have life insurance with my employer which covers my spouse and myself. We recently bought our first home and need to get mortgage insurance and home insurance. I am planning on bundling these with my current auto insurance company (if the quote is reasonable). My question is what kind of coverage should I look for and what type of questions should I be asking? The house is in great shape, 25-30 years old, and we have a home inspection report. All updates done and has a security system. Do insurance companies charge to evaluate your home in person?
Home Insurance Question? I have a friend, we'll call her Jane. She broke her foot at another friend's house who we'll call Sandra. Sandra is a home owner, and Jane fell down her steps. She went to Urgent Care and got her foot x-rayed. She has a follow-up appointment with her PCP tomorrow. When Jane suggested she run her medical bills though Sandra's home owner's insurance, Sandra started crying and said it would be "mean" to do that. She's afraid of her rates going up and/or being required by her insurance to do some home repairs that she can't afford. I used to work for a health insurance company (as a claims examiner) who would've pended this claim for accident details. My understanding of this is that Jane's health insurance company will turn around and sue Sandra's home owner's insurance for these medical bills. My question is: Can Sandra get into more trouble if she doesn't report this and her insurance finds out about it? What and How? Any links would be helpful!
Home insurance how does it work? Hello, My question is, does anyone know how insurance companies decide if an area has a high crime rate? Do they just go by recorded crimes that have had claims through insurance or any recorded crimes regardless? I have been interested in getting home insurance as my parents don't have it for our house and I have quite a few expensive things I would like to ensure. When I tried getting quotes from some of the big home insurance company websites, the quotes were very high (double the amount my friend got) - He lives near Kings Lynn in a Town, I live near to Stansted Airport in a quiet village with a population of around 250. The crime in the area is non existant. The only thing I can think of that could be causing the higher quote is there is an old lady who lives in a bungalow on the same post code as us who has been burgled 3 times no less whilst she has been in the house. THis has been the only crime in the area for years and years, I am pretty sure she does not have insurance
Why is home insurance limited to each and every different type of disaster? The home is either livable or NOT livable...it matters NOT what disaster ruined the home.. Why then is it that you have to pay extra for each different type of circumstance? An accident is an accident.... a disaster is a disaster... the home can only be burned, flooded, distroyed by earthquake / tornado / hurricaine ONCE.. why pay for all the different ways insurance-wise? How covered is covered? And WHY !!!! Why?? Is it if you Never have any type of claim you aren't refunded some of that money you spend year after year after year? Again, once you've paid in insurance the amount of the home value.. what difference does it make if you replaced the home 'money-wise' already in insurance premiums? Why not spend those premiums on a second home instead? Just shooting in the dark here of the many complaints I have heard ranted from my elders recently.. their solutions were hysterical.. I'd love to hear more solutions.
Home inspection and home insurance? I am thinking about switching to another home insurance company. This company not only charges the annual fee, but every time we ask for a technician, we have to pay $45. This insurance was left from the previous owner. Being a first time buyer, we didn't know better so we just took whatever the previous owner had already setup. I was looking at the things that it covers and found that some of the things we don't even have. Like the ceiling fans. We don't have ceiling fans. How do I find good home insurance? Also, I wanted to have a home inspector to come inspect the house even though we already lived in it for a few years. I want to know what's needs to be fixed and if there are new problems. Is it dumb to do that? Does anyone know an honest inpsector or contractor in LA? I have had so many bad experience and needs some good referrals. thanks
Is home insurance dwelling coverage the amount they will actually rebuild? Assume my home insurance policy has $200,000 dwelling coverage, but my home is only worth $130,000. If my home burns down, will they rebuild up to a $200,000 home or only replace what my home was? For example, if my current home only has 1 garage stall, would they build my new home with 2 garage stalls?
Home insurance and dog bite? My 1 yr old dog mix of beagle/German Shepard bit a neighborhood boy last night. The dog was fenced in and has all shots, he has not have any other prior bites and took me by surprise that he would do that. But my question is in regards to my Home Insurance Policy. When I got the insurance and bought the house I did not have the dog. I got the dog one or two months later. Am I still covered under the Home Insurance policy?
ontario mobile home insurance companys? today a major insurance company advised me that due to a added room to mobile home cannot be insured and all other perils pass. they quoted me about $450.00 which is better than my current insurance of $750.00 per year. the home is 800 sq feet and the added rooms total is 600 sq feet. if you have a mobile home with a added room attached located in ontario who is your insurance company and how much do you pay? In general it is hard to insure mobile homes but it is required for the bank of a 103,000 asset.
Home insurance no claims? For the past 3 years I have lived on business premises and had business insurance in joint names with my partner. We made 2 claims. Also I let a property out for 7 years and had landlords insurance on which I made one claim. I am now selling up and moving into my own home so need buildings and contents insurance in my name. Have I lost my no claims discount that I had accrued prior to moving into my own business where I had never claimed on personal contens and buildings insurance in my own name?
Home insurance in the UK? how does it work? I am a tenant in an appartment in London with my boyfriend. I'd like to know if I need to get a home insurance for this appartment and what king of insurance (building or content???). I mean, if there is a fire, a window broken or a inundation problem, do we have to pay for it or is it the landlord? Idem in case of burglary? Finally where are the best place to get it? I tried to get some quote from diverse companies (HSBC, Tesco Insurance...) but the price was crazy: around £250 per year. Is that always that expensive in the UK? (I used to live in Paris and it was less that £40 a year for a complete cover insurance). Many thanks
Will an insurance company insure our home if there is a unpermitted cottage? I'm in the process of buying a foreclosure home (Saratoga,CA, can't transfer the insurance since it has already lapsed) that has a detached unpermitted cottage (2 bedrooms, kitchen, bathroom and living room total of 900 sq ft), the main home also has a unpermitted converted garage that is used as a in law quarter (separate entrance and full bathroom), it also has a unpermitted sun room too. I really love the home and tried looking for home insurance but it looks like no one will insure me. Is there anyway I can get insured for this property without having to lie about these unpermitted additions to the insurance company? Any advice would be appreciated and any suggestions which insurance company would insure me for a reasonable price. Thank you in advance.
Home Insurance Factors? What are the factors that determine whether or not an insurance company will insure your house? I am looking for factors that determine 'Yes' or 'No' such as: the home is located in a flood plain, so it is not insurable; and factors that determine the amount you have to pay, such as: fire alarm = 2% reduction in premium. deadbolt = 3% reduction. Tenants = 100% increase in premium. Every time I find an insurance company that offers online quotes, their server always rejects my application. Why? Which factor(s) is causing them to reject me? Please don't direct me to a site where I have to give them my real name, phone number and social insurance number, etc. and then wait for a salesman to call me back. I want to make a quick comparison between all the insurance companies in Ontario, Canada. If I have to phone them all, it will take weeks.
home insurance when not living there full-time? I am purchasing a new home and will not be residing in the home for three months. However, I plan to travel back and fourth and will occuy the home and move some belongings in several times during that three months. Will I still be covered if there is loss? Insurance companies all ask if this is your full-time resident. I cannot say yes, since I am not actually living there full-time. So what does one do here? They all say they cannot cover me since I am not actually moved in and residing there full-time. I know they must cover people, because when I went out to look at houses for sale, over half were vacant, many for months. How are these people insured, or do they just not know if their house burned down, they would NOT likely be covered?
home insurance dwelling coverage limits ? I have currently my home insurance for dwelling with limit of 370K. Insurance company's estimate to rebuild the house is 230K. According to them I am over-insuring myself. However, my mortgage company wants me to keep the insurance upto or higher than loan amount. Why would they want that ? And if I keep ( in confidence with the mortgage company) lower amount what complications in future can happen?
Home insurance rates.? Recieved a letter yesterday from my insurance company. They are now going to base home insurance rates based on your credit score....WHAT?
Do home insurance company drop you because of a lawsuit? Do insurance companies drop/cancel your policy if youhave a lawsuit(premise liability) or demand letter and you havent report it to them? What are some reasons of why a insurance will drop you? Im talking about Home Insurance.
Home insurance claim.? I'm half way through a home insurance claim after a flood in my flat caused by a leak in the flat above. Buildings insurance has covered the damage and will eventually (hopefully) be paying me back for my 2 1/2 weeks in a hotel while repairs were carried out. At the time of the flood i had to take a day off work (as holiday) to recover property, and another day off to move into the hotel. So 2 days that i would have spent more effectively. Apparently i cant claim for these days as it is "circumstantial". Anyone else had experience with this???
Home Insurance Questions? A friend is currently paying home insurance via escrow. When he refinanced his house, he doesn't recall ever selecting an insurance company and as a result, he's paying about $2100 a year for a 700k refi on the house. Deductible is $2500 and Liability coverage is 1,000,000. Does that sound right? It seems kinda high to me... If it is considered high, how can he switch insurers since the current money is just being collected automatically via escrow. Thanks
Which home insurance company should I choose? I'm currently shopping for home insurance and I need some answers quickly. I currently have Allied Insurance and am thinking switching over to Western Mutual because of the cost for the policy. Anyone know the differences between the two and what's the web site for checking reputations and so forth about an insurance company from the states i've living in??
Must home insurance be in the name of joint owners? My brother and I own a home as joint-tenants. Can we insure the home in my name only, rather than put both names on the policy? Or is his name required on the policy as co-owner? My brother has a mental disability. We split the property taxes, but I'm willing to pay for home insurance, to save him some money. Thanks!
Home Insurance Agents ?$? How much can you typically make on a new home owner insurance policy both for refinance or purchase of a home?? How much do you make on renewal of the policy?? I am not asking about life insurance, I am asking about a home policy. Is it 15 to 20% of the coverage amount or the policy cost?
MA state home insurance inspection!? My house insurance has been cancelled. All I need is help to find out what I need to do to get ready for a state inspection. Can someone give me a list of things that the inspector will look for. I have a morgauge on my home if I don't get insurance I am afraid I will loose my home. I will appreciate any advice or help you can offer. Thank you ! I had house insurance I have been told it was being cancelled because I have two dogs. They have never bitten anyone but if someone comes to the front door they bark and sound very aggressive. In the neighborhood I need protection and I would think that the insurance company would be glad no one would break in. We have never put in a claim on our insurance policy. We have a six foot fence around the perimiter of our yard. The front of our fence is set on a stone wall and its a wooden fence that must be at least five feet. We also had wood for our wood stove on the side on the house and we have now removed that. We did not realize that was a problem.
What does home Insurance cover? A thunderstorm caused my neighbor's tree falls down. The branches crashed into our fence around the garden and laid down between our our walkways, grass and flowers. Therefore, we could not use our front door anymore and because it happened during friday afternoon, so we have to wait untill monday for their home insurance to come over and take a look. My questions are: 1. Will their home insurance cover everything? 2. What other things can I ask for it? (such as my inconvenient...etc.)
Who pays for the home insurance when you let your house? I ask this question on behalf of my friend, who lives in Malaysia. He wants to know what the law in England will be in this case. My friend is gonna let his house to another, so that he can have some income. A question arises: They need to buy a home insurance in case there is an accident like fire. Apparently in Malaysia, a homeowner doesn't have to buy insurance for his house. So in this case, who should pay for the home insurance, the homeowner or the tenant? I mean, the rental period is 2 years, and the insurance, if paid, will cover for 2 years only.
Do mentally ill home owners pay higher insurance? Recently I deeded over an inherited home to my brother and myself as joint-tenants. My brother is paranoid-schizophrenic. Will we pay higher higher home insurance because one owner is mentally-ill? Can the insurance company even refuse or cancel our insurance? We and the home are in Michigan.