Can my homeowners insurance refuse to cover my fiance for loss or liability on the home we jointly own because he is not related to me and make me buy renters insurance for him in NJ?
Laws may be a little different in the Armpit of America but in the communist state of MA as long as you jointly own the home then you would be jointly covered on the home policy. If so then they cannot refuse your claim. If he is not joint owner he would have to get a separate tenants policy. The solution? You own everything excpet for mens clothing.
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Answer . Yes, but only for the dwelling, not for your renter's belongings. be sure to notify your insurance company that you have renters, your rate will go down because …they're not insuring your belongings...and be sure to tell your renters about renters insurance.
No. That's what renters insurance is for.
How can you get liability insurance on your mobile home to cover renters of it It is in a mobile home park in Florida?
Consult LOCAL insurance companies.
No. A renters policy would cover a renters loss, Not the Home owner. Actually a homeowners form HO-4 is for renters. It provides similar coverage to a "normal" homeowners p…olicy with the exception of not covering the home itself. There are many homeowners forms for different situations. HO-8 OS for condos, HO-10 is primarily for older homes that you don't want to cover for replacement cost so you insure it for the real estate value so you aren't penalized on claims for carrying less than the replacement cost of the home, etc.
Homeowners policies come in different varieties. One of the broadest forms is the HO-3 which provides both physical damage coverage for the structure insured, and liability co…verage for third parties who are injured on the property due to the negligence of the insured. Wage loss can be a portion of a claim made by an injured person against the property owner, so to that extent, wage loss may be covered or compensated under the policy. That is, a part of the aggregate damages that the third-party sustains may be lost wages. However, wage loss to the insured him/herself is not covered.
No, just your stuff is covered
Yes. If it is a home and it is owned by someone, then it is covered by homeowners' insurance, regardless of who that someone is.
NO, of course not. It is not possible to liable to ones self. Your homeowners Liability coverage will pay the cost of defending you in court if someone brings a suit agains…t you. It would also pay for certain judgements won against you should the court find you liable. In order to file suit against your own homeowners liability insurance you would basically have to sue yourself. I'm sure that any judge would throw the case out just before he orders you to seek psychiatric treatment.
Does an owners liability insurance cover damages to contents of renters property if the homeowner is negligent?
No, a homeowners insurance policy does not provide coverage for the property of a tenant. That's what "Renters Insurance" is for. If the renter chose not to purchase a re…nter insurance policy, Then the renter was negligent to the extent that the renter chose not to purchase a renter insurance policy, perhaps with the mistaken belief that the owners policy would cover them.
No, the property owners coverage does not provide coverage for a tenants property or liability.
No. Your friend is most likely not a named insured on your homeowners insurance policy. Your homeowners insurance policy is specific to you and your property. It would also no…t cover the losses of a tenant.
Most insurance companies will not offer you coverage at all. There are a few companies that will give you a regular homeowners policy if you sign an exclusion for animal liabi…lity. This means you will have a normal policy except it will not cover any claims having to do with animals.
It covers your negligent actions anywhere in the world as well if someone sues you your laibility coverage will kick in and they will defend you. There are some other coverage…s in there as well but would need to see policy as all are different
No. First, if you are renting the home, you cannot insure it under a homeowners policy. If the home is not owner occupied for 90 days coverage ceases immediately. You must hav…e the correct property policy for the right situation. If the home is rented you need a tenant occupied dwelling fire policy to cover the home. Be very careful that you notify your agent of any changes in your use or anything else about your property.
Dentures are covered through ones dental care plan