Depending on the insurance company, you may be able to acquire "Collapse of Above-Ground Pool" endorsement. Which covers exactly what it says, the collapse of the above ground pool
Check with your agent. The coverage is not cheap either. Here in Chicagoland, about 250 / year
I think ours is simply a rider policy. Ours is included in the hurricane coverage!
Yes, It is possible to purchase insurance on behalf of the owner. The Homeowners insurance policy must be in compliance with local law. The legal owner must be the beneficiary and must be listed as the loss payee for the insurance contract to be valid.
Homeowner insurance doe snot cover quality of workmanship provided by your builder. The builder would have his own Commercial policy to cover the contractors work. Most homeowners also purchase a Home Warranty for this type of loss.
Insured Property ValuationIn the united States there are two valuations that can be used to purchase your homeowners insurance coverage. ACV (Actual Cash Value) or RC (Replacement Value). If you are wanting to insure just the amount you we on a finance or mortgage note, That would be called mortgage insurance, not homeowners insurance..
Homeowners insurance can be purchased online through many different insurance companies. Some companies that offer homeowners insurance for purchase online are Geico, Esurance, and State Farm.
After purchasing a house, the homeowners will also need to purchase a homeowner's insurance policy. The purpose of the homeowner's policy is to repair the damages that occur when there is a flood, for example. The house may also be completely destroyed if there is a fire. A good homeowner's policy will pay to rebuild the house in case of these circumstances. Homeowner's policies typically cover damage that occurs due to fire, lightning, hail and wind. Flooding is commonly not covered under the standard homeowner's insurance policies. Earthquakes also may be the type of peril that isn't covered under these policies. If homeowners live in an area where these disasters are likely to occur, they may purchase extra coverage that specifically names these perils as covered under their policies. Homeowners have a choice as to how they would like to be paid after their homes have been destroyed by one the perils listed above. They may receive the amount of money that the house was worth at the time it was destroyed. What will make the policy more costly would be the other option; homeowners can choose to receive the full amount it would require to rebuild the house completely as it was before it was destroyed by fire. This may be the more advantageous option for homeowners. When a house is completely destroyed by a disaster such as a fire, everything within it will also need to be replaced. Furniture, clothes and personal items will be unsalvageable. The homeowner's insurance policy will pay to repair or rebuild the house as well as replace everything that was in the house. The other part of a homeowner's insurance policy is liability coverage. Liability coverage is needed in the event that an accident occurs on the property. For example, guests to the home could experience an accident on the homeowners' property and sue the homeowners for payment of their medical bills. The liability coverage will pay the homeowners' legal bills. If the other party wins the lawsuit, the liability coverage will also pay what is ordered of the homeowners. Part of the cost of a house is the homeowner's insurance policy. People who purchase a house cannot be without it. Homeowners who resist purchasing homeowner's insurance will be very happy they have if there is ever a fire that completely destroys their homes. Their lives will be temporarily disrupted but with a good homeowner's insurance policy, they will be able to put their lives back together one day.
In the state of Florida, golf ball damage is usually the responsibility of the homeowner. They can purchase homeowners insurance that will cover damage occurring from errant gold balls.
No, they get mad at you.
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 renter 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. They must purchase their own renter's insurance. The homeowners policy for a rental only covers the physical property.
No, you are not protected from a flood with your basic homeowners insurance. Most companies that sell homeowners insurance will probably sell flood insurance as well, but it will be it's own purchase.
Anyone can purchase AAA Homeowners insurance either online, over the phone or at a AAA corporate office in your area. You can get quotes using any of these.
It is the homeowner's responsibility to clean any mold from the house before you purchase it. It should be in writing.