0
What is the reason behind having insurance for an unoccupied house?
Wiki User
∙ 11y ago
Insurance is needed for an unoccupied house because it is possible that someone will break in and do damage to it or steal anything that is still in it. It could also be set on fire or flooded.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Is business interruption insurance a good insurance company?
"Business Interruption Insurance is not an insurance company. It is a type of insurance that protects a business in case of an interruption such as machinery malfunction, power outage, or other reason that may cause the business to be interrupted temporarily."
What is the reason to purchase Australian business insurance?
Australian business insurance is very helpful and useful in case of disaster. One may never know when a catastrophe may strike, and business insurance will help keep one's Australian business safe and protected.
Can you have multiple life insurance policies with multiple insurance companies?
Yes, you can own multiple life insurance policies with multiple insurance companies. The application for coverage usually asks if you own other life insurance policies and how much coverage you own. The insurance company wants to make sure you aren't over-insured for any reason. But, if they say it's ok, you can buy life insurance with several insurance companies. Just make sure to answer the questions on the application truthfully. I hope that helps. Best of luck to you.
Can another party purchase a contract from a Life Insurance Company on you without your knowledge?
Likely not, as they would have to show a reason for insurance on you. Otherwise, you could buy insurance on all your neighbors, and just collect as they pass on. The party would have to show a financial need to collect money upon your death (spouse, business partner, and the like).
Is there an exception to the rule concerning the non-deductibility of life insurance premium?
You never want to deduct the premiums of a life insurance policy. The reason for this is if you deduct the premiums then the benefits will automatically be taxable. You certainly would not want the proceeds to be taxable just to get a very small tax deduction for the premiums. One of the best things about life insurance is that the proceeds are not subject to income tax. The same thing applies to certain other types of insurance. If you purchase disability insurance at work the premium is paid with after tax money so that the benefits will not be taxable. It works the same way. If the premium is paid by the employer as a benefit of your employer or if a clerk deducts it before tax through a cafeteria plan by mistake then the benefits will be taxable for income tax if you ever get disabled.
What are some advantages to having unoccupied property insurance?
Unoccupied property insurance offers many of the same advantages as occupied, but is almost more important. Fire, theft, weather, or even a broken water line protection are covered the same. There are some greater risks to unoccupied properties. Burglars, squatters, or accidents are at higher risk for happening or for damage when no one is around. For this reason this type of insurance is difficult to find.
Can the insurance company deny your claim for stolen vehicle if the car payments are behind?
No, that wouldn't be a reason for claim denial. It may be a reason for them to investigate you for insurance fraud.
What is the main reason behind having a lot of horsepower in a cars engine?
to go faster
Can car insurance go up now after 3 years ago having a DUI misdomeanor?
Yes, your insurance can go up for almost any reason. They may have just finally found it on your record or maybe your insurance went up for a different reason.
Why do men divorce you after having an affair but still want to hang on to you by constantly calling you?
Guilt is the reason behind this.
What is the reason behind having a lighthouse at foxboro stadium?
Lighthouses are a popular attraction and structure of many coasts in New England
Can a loss of driving privileges for possession of marijuana when you are not in a vehicle affect your insurance?
Having your license in suspended status will affect the insurance, some will not even insure until the license is reinstated - but the reason it was suspended will not affect your insurance due to the fact that it was not a movingviolations.
What are the two main causesf people not having health insurance?
I presume that you are talking of health insurance in the USA - in many countries including most of Europe, health insurance is not necessary because the state provides reasonable health care, though some rich people do have private insurance to be able to have private treatment. Probably the greatest reason for not having health insurance is lack of funds, some people can't afford it.
Is opportunity the reason behind success?
Opportunity does not reason it knocks. The reason behind success is that it sure beats failure.
Is it OK that ovaries be removed just don't want having menstrual period every month thanks?
No doctor would remove your ovaries for that reason. No insurance company would pay for the surgery for that reason.
Do you need rails on outside steps for insurance purposes?
For safety reasons most insurance companies require that you have a handrail for steps that are 3-4 steps or more. The reason the insurance company is concerned about safety concerns around your home is that the homeowners policy includes liability coverage which defends you and pays any judgements. The same reason applies for having a fence and lockable gate around a pool and not having viscous dogs that could or have bitten people.
Is a cheap holiday insurance policy worth having?
Yes, it is worthwhile to have health insurance when traveling. There are two reasons for this. The first reason is you never know what may happen to you while away. Secondly, it is very expensive to seek medical treatment if you don't have insurance coverage.
