0
Can insurance company cancel your homeowners insurance for babysitting at your home?
Wiki User
∙ 9y ago
If you are providing baby sitting or day care services without the proper licensing and insurance then yes, your home insurance provider could decide that you are a moral hazard or that the services you provide from home simply increase your risk beyond what the company is willing to accept.
Generally, If you show your home insurer a copy of the commercial insurance policy that covers your day care operations, your company will not cancel your house insurance.
Basically the baby sitting is a business, a parent could decide to file an injury claim or a suit, Your personal lines home insurance policy is not designed to provide that type of coverage.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Can an insurance company cancel homeowners if foundation needs some resurfacing?
yes
Can a mortgage bank or company cancel your homeowners insurance with a private company?
What do you mean "private company" If you have HO insurance the bank can not canel it. Only you can.
Is it illegal for a homeowners insurance company to drop you?
No, it is not illegal for a homeowners insurance company to drop you. But they have to follow the rules for cancellations and non-renewals for the state they are operating in. For example, in Louisiana, if you have been with your homeowners insurance company for 3 years, they can't drop you. In Florida your homeowners insurance company can drop or cancel you but they must meet the minimum notification timeframes.
Can Allstate cancel your homeowners insurance because the foundation of your dwelling is not continuous?
Yes, If the condition of your home or any of it's pertinent structures does not meet the Insurance Company's underwriting guidelines they can deny or cancel a policy.
Can an insurance company cancel your homeowners insurance if you refuse to install exterior stair rails?
As long as the contract itself has no specifically stated agreement that shows coverage is unconditional, then, as long as they give proper notice, an insurance company can cancel ANY insurance policy for ANY reason. Of course, if you disagree with the decision, you can always consult an attorney and go from there
Do you get a refund if you cancel homeowners insurance?
Yes, if you cancel your home insurance policy mid term you would be entitled to the unearned portion of your premium payments.
Can a insurance company cancel your insurance because you do not live in your home?
Yes, The terms of our Homeowners Insurance Policy state that we must notify the insurance company if there is a change in residence of the home. Failure to comply with the terms of the insuring contract are grounds for cancellation or non-renewal of the policy.
Is your homeowners insurance automatically cancelled at closing when you sell your house or do you have to contact your insurance company to cancel it?
By Law,, Your Coverage, ceases automatically when you sell your home. The Insurance company however will not know your home has been sold right away unless you notify them right away. Should they find at a later date that the sale ocurred they will cancel the policy or non-renew it.
How to cancel my progressive policy?
If you ask your insurance company to cancel your policy, they will.
When do you cancel your homeowners insurance?
Generally one would cancel a home insurance policy whenever one decides they no longer need it, such as sold the home or the home no longer exists, etc.
I sold my house and my insurance company refuses to cancel my homeowners insurance unless I supply them with a settlement closing statement I live in Florida Is this the law?
If your home is/was mortgaged - the insurance MUST be in effect as protection to the mortgage holder. The insurance company is just making sure that you are not cancelling what is MANDATORY coverage to save yourself some money.
How can you get a refund when your mortgage company and you both pay for homeowners?
Yes and it happens quite often. Usually when you let you Homeowners insurance cancel or change companies and fail to notify your insurance company to send a copy to the mortgagee. If the mortgagee does not have proof that you have insurance and have them listed on such insurance, they will place "force-placed" coverage on the property to protect themselves and they will charge you for this coverage. As long as you get them notified and proof quickly, they will cancel their policy and refund you the premium. Make sure you know that the coverage they purchase on your behalf only covers them and covers no contents of yours, no liability coverage, and only covers the bare minimum coverage. And it is usually more expensive than homeowners you buy on your own. When you get a mortgage on your home your agreement is that you keep insurance on the home. If you let it cancel or don't have such insurance you are in breech of contract and they could foreclose on your home or put this coverage on it, their choice.
