0
Does homeowners insurance cover your mortgage if you are laid off?
Wiki User
∙ 11y ago
No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What good can come from mortgage repayment insurance?
Having a mortgage repayment insurance policy can offer peace of mind to a worker who feels that they may be laid off. Several banks began offering mortgage repayment insurance as a way to help home buyers feel more confident about taking out big loans.
Is homeowners insurance mandatory in Washington state?
genius guy,i think its a good idea to get homeowners insurance. If you own the house outright, then no it is not required but if you have a mortgage, then the institution that made the loan most likely does require it. They already have laid out the monies for the real estate they do not pay to insure it also. You can add your taxes and insurance into an escrow account the will include those expenses with your mortgage payment, that you pay monthly so as at the end of the year you do not have to come up with two lump sums of big money. The bank or mortgage company see's to it that not only do your monies go to mort. but the other two as well...It makes things easier...
Can an homeowners association in a community with multifamily units buildings like townhouses require the individual homeowners-members to carry full homeowners insurance?
Some boards may pass resolutions making this requirement, and the governing documents are specific about the percentage of owners required to vote in favour of such a resolution before it can go into effect. Insurance carried by owners protects not only the owners, but protects the association, because catastrophic damage is not generally limited by boundaries laid out in your governing documents. You can work with your broker to purchase the insurance necessary to protect your property and the common areas when your options are compared to what's already covered -- common areas, in the master policy. Your board cannot require that you over-insure, but best practices dictate that you insure so that there are no gaps in coverage.
Can an employee get COBRA health insurance if he resigns or is fired or is laid off?
yes
Does trip cancellation insurance cover if you are laid off?
Depending on the plan you have purchased, you may or may not be covered. If you purchased a "Cancel For Any Reason" plan then you should be fine. You can find more info here www.tripinsurancestore.com/3/layoff.shtml
Where can I find more information about Cobra insurance costs?
According to http://healthinsurance.about.com/od/healthinsurancebasics/a/COBRA_basics.htm cobra insurance is available up to 60 days after job loss due to being laid off, and the cost is similar to what you paid for your insurance plan prior to being laid off.
What does it mean to have a standardized insurance policy?
An insurance policy would be called standardized, when it covers all the salient international features/standards as laid down by the insurance authority of the country.
Good pet insurance and how they compare to others?
You can compare and contrast different pet insurance companies by visiting www.petinsurancecomparison.org. They have them all laid out and listed so you can get the right insurance for your pet at the best price for you.
How many square feet does 120 bricks cover?
It depends on the size of the bricks and their orientation when they are laid.
Laid off and employer states medical benefits ended on day I was laid off however insurance companys states I am still good to end of month HR won't return calls What are my rights?
In most cases health insurance is done through a monthly program. If the insurance company says you are covered, I'd say that they would know.
What is 'IRDA' in banking?
IRDA stands for Insurance Regulatory and Development Authority. It is the organization that supervises and regulates the Insurance Company's in India. It is similar to the Reserve Bank for Banks. All Insurance Company's are supposed to follow the rules laid down by them.
Why must flat-topped cover be laid upward?
This question is too vague! The question needs more information.
