Ye, reference the vacancy clause of your homeowners insurance policy. Most policies contain language that require you notify the insurer within a certain time frame of extended periods of vacancy.
To avoid unexpected cancellation of coverage due to occupancy issues, be sure to properly list your occupancy type. Certain types of residences may be listed as, vacation homes, vacant property, temporary or seasonal homes.
Yes, your homeowners insurance policy can be cancelled or non renewed if the insurer determines that your home or property has hazardous conditions. Especially if the homeowner has already collected on a claim and failed to make the necessary repairs.
No, Homeowners Insurance is Property Coverage, not financial or Investment Insurance.
Commercial property cannot be covered by homeowner's insurance. Commercial property insurance must be purchased for that category of property.
I am a homeowner and have a roommate. Can they sue me if they get hurt on my property?
No. A homeowners insurance policy is specific to the property of the named insured.
No, Homeowners Insurance does not provide liability coverage for criminal acts of the insured. It does not matter if your on or away from the property.
No, Homeowners insurance does not warranty the production of a well on the property.
Damage to anything covered by the landlord's insurance, because the landlord owns the property not the renter. Such damage would be covered under homeowner's insurance, because the homeowner owns the property.
Homeowners insurance is NOT transferable. It will not follow the Homeowner to a new property nor will it cover the home for the new owner. If the homeowner sells or vacates the home or transfers ownership by other means the policy is null and void at the moment the property changes hands whether or not the Insurance company has been notified. A new owner must qualify for their own insurance policy based on their own merits.
No. Homeowners insruance excluded residents of the property. Their medical insurance is responsible for this only.
Some major companies that offer homeowners insurance include Amica Insurance, USAA Property and Casualty, and Auto-Owners Insurance. Some of the worst homeowners insurance companies include Allstate, Farmers, and Metlife.
It depends on the circumstances. Most homeowners insurance policies will cover some of the medical expenses if a person falls and gets hurt on the homeowners property, but only if the homeowner was negligent.