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Can you get insurance when your homeowners policy was cancelled due to non-payment?
I believe you can, your premium my just be a little higher. that's what happened to me anyway. Hope this helps a bit.
Does a homeowner have to tell the insurance company that they rent out the basement?
Yes you are required under the terms of you insuring contract to notify your insurer of any change in occupancy lasting greater than 30 days. Should you fail to do so and a claim arises, and the insurance company finds out that you have transformed the property or parts thereof to tenant occupied, The Insurance company can retroactively declare your policy null and void due to concealment of a known risk even if a claim has already been filed and can deny any and all claims whether property claims or injury claims.
Non renewal homeowners insurance due to exposure and risk management?
It means that the company is declining to renew your policy when it expires. Risk Exposure - There has been a change or new risk exposure identified by the company that makes your home no longer eligible for coverage. Risk Management - This generally indicates that the increase in risk exposure is something that the homeowners could manage, but have chosen not to correct.
Does homeowners insurance cover anything stolen on your property even if you are not the owner of the stolen items and they are not related to you?
Yes, If your plan embodies that kind of coverage. If personal property is located on the premises, then the insurance should cover it, regardless of who it belongs to (within reason). However, it is difficult to prove exactly what a homeowner had or did not have on their property at any given time. With that being said, insuarnce companies seem to be very cautious when accepting liability. It is often not worth claiming such a loss, unleess it is very significant, and is typical for a home to have (like a jewelry box). Often, homeowners will not report losses unless they are very significant, due to the deductable they may have to pay and/or the risk of their insurance premium increasing from their claim. **I am not an expert by any means, so calling the insurance company that holds the policy will provide you with an accurate explanation.
Who do you contact reg a Monarch Life Ins policy if they are out of business?
I would start with the state insurance commisioner of your particular state. I believe Monarch went out of business quite a few years ago, due to the COLA provision they wrote on their book of disability insurance for medical professionals. As I recall, the state of Mass. was involved in settling all outstanding claims. Best of luck. rjBeeg
Can homeowners insurance be sued for an injury resulting from a criminal assault?
Homeowners Insurance can not be sued due to a criminal assault.
Does homeowners insurance cover a broken grill due to storm damage?
no it has nothing to do with your grill cause its homeowners insurance.
Can your home owners insurance rates go up due to a claim of a natural disaster?
Generally homeowners policies are not increased due to claims. Perhaps a company may have a discount for being claim free that might make it go up after a claim because you loose the discount. One thing to remember is that a homeowners policy is made for big claims and not little claims. Claims history is judged by frequency as well as claim amounts. The easiest way to get cancelled is to start making small claims. I recommend keeping a $1000 deductible or higher and only use it for large losses. Homeowners Insurance is a loosing business for the last few years and the worst thing you can do is to get cancelled because it is getting harder and harder to find good homeowners insurance at a good rate.
Will homeowners insurance cover your stay in a hotel due to a power outage?
no
Would the homeowners insurance cover medical bills due to domestic dispute?
NO
Would the homeowners insurance cover medical bills due to an assault?
No. Homeowners Insurance typically do not provide liability coverage for criminal acts. Your medical insurance is a good source of coverage for health care needs.
Will your homeowners insurance rate go up if you file a claim to replace your fence?
Most homeowners insurance does not increase rates due to claims. However, claims do determine whether or not a company continues to renew your policy. Especially now, if you are cancelled it is much harder to get home insurance.
Does homeowners insurance cover galvanized pipe?
Sure, as long as the damage was from a covered cause. The key to homeowners insurance is that the damage is due to a covered cause. If you a re searching to see if your insurance will pay for replacing the pipe because of lack of maintenance, no it will not. Maintenance is not covered on a homeowners policy.
Does homeowners insurance cover bodily injury if ex husband comes on property and shoots boyfriend?
No, That's what your boyfriends major medical insurance policy is for. Your homeowners insurance nor you are liable for injury due to criminal acts.
Does homeowner's insurance cover loss of a well due to nearby blasting?
No, Homeowners insurance does not warranty the production of a well on the property.
How affordable is gmac insurance?
GMAC Insurance offers affordable homeowners insurance. They have a good rating and look like they have lots of satisfied customers. However, this depends on the homeowners situation - some may experience unaffordable insurance due to their high risk.
What is the purpose of home insurance?
Homeowners Property Insurance is "Hazard Insurance" that protects the property owner from loss or damage due to the stated covered hazardous perils.
