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Well, Not really, When you buy a renters insurance policy you have to declare that you are a renter. If you have a loss and the insurance company discovers you lied, They will not be required to pay for any claims due to a fraudulent statement on your application.
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Will any homeowner Insurance policies cover a car that was stolen from the driveway?
No homeowner policy will cover a vehicle that was stolen. Insurance varies from state to state but generally you can buy comprehensive protection only which will cover theft.
Can i buy your own retro homeowner insurance?
No. there is no such thing as a retroactive homeowners insurance policy.
Can a homeowner buy a liability only policy?
Your insurance agent will advise you of the bare minimum insurance you absolutely need, but you can be sure "liability" will be part of it, yes.
Can you share renters insurance with your roommates?
Renters insurance is definitely worth getting. Most agents or brokers from whom homeowners insurance can be purchased can also write renters insurance. As for renters insurance being shared... since you are renting the premises, renters insurance covers contents only (not the structure of the building). The policy that you buy will specify the meetes and bounds of what is covered. It is important that you list on the application or other document tendered by the agent, the items that you wish to insure. The value of the items will determine the amount of coverage that you buy. If you are buying the insurance with your roomate, be sure that both of you are shown to be insureds on the policy. Keep in mind, though, that if you part ways, the policy may have to be altered for the person who moved because the risk has changed (the property insured will be relocated to a new location). Get receipts, photos, and descriptions ready for each of the items, especially the expensive items, and tell your renters insurance company that you want to add additional items to your renters insurance policy.
What if you have a break in homeowner insurance?
Just buy a new policy. You may lose your continuous coverage discount but you should have no problem finding coverage.
What is covered by homeowners insurance if you are renting the house?
The dwelling Owners policy does not cover the property or liability of a tenant. Rental dwellings are covered under a Dwelling Policy that covers rental properties not a homeowners policy. If the tenant seeks coverage, the tenant must buy his own Renters Insurance Policy.
What types of insurance policy apply for tenants in rental houses?
If you are a tenant who rents out an apartment, house or building for living space it is a great idea to get renter's insurance. Without renter's insurance you could lose all of your personal property and valuables if a fire or burglary ever occured. The homeowner's insurance would cover the dwelling but not your personal belongings. When you're renting, you'll want to buy renters' insurance to cover your stuff. Here's a place that sells policies: http://www.statefarm.com/insurance/renters/renters.asp
Where can one buy renters insurance in Houston?
There are several places where someone can purchase renters insurance in Houston. Sites like Liberty Mutual, Progressive, Geico and All State all are good places where a person can buy renters insurance.
Does homeowner liability insurance extend to land where a home is being demolished and rebuilt?
No. you will need to buy a "Builders Risk" policy to cover liabilities associated with home construction.
Can NRI's buy policy?
Yes, The NRI's can buy the policy, but the scope would be limited to India only. The policy will stand null and void on a foreign ground and the policy premiums have to be paid in Indian Rupees.
What is the cost of renters insurance?
Renters insurance can be found online for a good price and there are many places with great information for the person that is looking to buy the insurance.
Do I need to purchase rental insurance for living in furnished apartments?
This depends on your landlord. Even if your landlord doesn't require renters insurance, you should buy a policy anyway, since you're going to have stuff of your own in your apartment.
