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There are millions of things that a homeowners insurance policy does not cover.
To find out what it does cover just read your policy, anything not on there is not covered.
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∙ 11y ago
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Why would my tenants wants to be on my home owner's insurance policy?
Not sure. But if they have no legal interest in your home then they cannot be listed on the policy. The tenants can obtain renters insurance which will cover their personal property.
Why does a tenant need property damage insurance?
Your land lord is not responsible for any damage to or loss of personal belongs. This is why you would want to get renters insurance. The owner of the home should have it covered with "Home Owner's Insurance", which doesn't cover a tenant's belongings should there be a fire, etc. Renter's Insurance covers the tenant's belongings. Without it, a tenant would not be eligible for a claim and would not be able to recoup any losses.
If someone pays his home insurance for the entire year and then sells it will his policy cover the new owner if the house is damaged after the sale?
No. Insurance policies are non-transferable. Your home insurance policy automatically became null and void the moment it was sold. No damage after the transfer will be covered under the previous owners policy. The new property owner must apply for and qualify for his own insurance policy based on his own merit.
Does home insurance cover a overflowed sink on hardwood floors?
No.
Where can a business owner purchase insurance of their business?
A business owner can purchase insurance for their business, such as liability insurance or small business health insurance by visiting a price comparison website. Price comparison websites allow one to enter some simple details and be presented with a list of different quotations to find the preferred price, level of cover or duration of cover.
What type of insurance will cover a person home iF the owner dies?
Homeowners Insurance is what you need to cover a home.
Are boats cover under home owner insurance?
no, you should have boat insurance separately
Does home owners insurance cover upkeep?
No. the upkeep and maintenance of a home is the responsibility of the home owner. Failure of the home owner to properly maintain (upkeep)the home will usually result in cancellation or non-renewal of the home insurance policy.
Does homeowners insurance cover rat damage?
Pest control is a maintenance issue and the responsibility of the home owner. Your homeowner's insurance policy does not cover maintenance issue. Every home owner knows that maintenance issues never stop. Sorry.
Do you cover Home Owner's and Renter's Insurance?
These are two separate types of insurance policies created for two separate situations.
Does home owner's insurance cover a leaky roof?
some will check your policy to make sure
Who pays insurance on a rental home?
The owner will usually have a policy but if you are a renter, you should have a renters insurance policy to cover your personal belongings.
Does home owner insurance cover damage to property that falls from a trailer being towed?
The property is covered by the owners insurance only. If your trailer hit their property, their own insurance must cover it. If your trailer hits your own building, then your insurance will cover it.
Will home owner's insurance cover the cost of your house if it is condemned?
No, Homeowners insurance does not provide coverage for maintenance or lack thereof. If the home has been condemned then it is no longer insurable.
How much insurance should a family have for a residential home?
The amount of insurance a family should have on a residential home depends on the type of home, the square footage of the home, if it requires flood insurance and if the home owner wants to cover property loss.
Why would my tenants wants to be on my home owner's insurance policy?
Not sure. But if they have no legal interest in your home then they cannot be listed on the policy. The tenants can obtain renters insurance which will cover their personal property.
What kind of health examination do you have to undergo before you can qualify for homeowner insurance?
You do not need a health examination to obtain home owner insurance. Your health is not an issue. If you were to suddenly die, after buying home owner insurance, the insurance company doesn't have to pay a death benefit, since home owner insurance isn't life insurance. What happens when a home owner dies is that someone else inherits the house. The new owner will have the option of continuing the existing home owner insurance policy.
