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Can a person file a claim on another persons homeowners insurance for monies owed?
Wiki User
∙ 10y ago
I will have to have a lot more information than this to know why a homeowner's policy would possibly cover money owed to someone else. This sounds like an issue for court not for a homeowner's claim.
Wiki User
∙ 10y ago
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If your son was in your condo and the whole building burnt down because he fell sleeep with a lit cigarette can they find judgment and seize IRA accounts retirement monies?
First, he should have homeowners insurance (or condo insurance) to cover this catastrophie. If not, he can be sued and his accounts can be siezed if ordered in court.
Is homeowner insurance when some one helps the owner make repairs and gets injured?
Depends, homeowners insurance does have a liability section in it, and you are liable for the person helping you gets hurt, then yes, but if you are not liable then your insurance will not respond, here in ONtario there is a section in the liability called Voluntary medical payment where you can provide monies to the injured person wheather you are liable or not. This is usually limited to an amount such as $500-$2000 and this coverage does not require you to pay a deductible but will affect your insurance premium wise.
Is there a statute of limitation on collecting monies from a life insurance policy?
no there is not. If you can prove who you are and that you are the beneficiary, the Insurance company sometimes pays interest on the money owed.
Does homeowners insurance protect against delinquent condo fees?
This is not a normal type of coverage, per se.Depending on the reason an owner does not pay assessments, you may be able to purchase protection. For example, if your home is not habitable based on a protected disaster, your coverage may include monies sufficient to pay your assessments, which you still owe.Your broker or insurance carrier can answer your specific question, given your specific situation.
What happens to existing judgments associated with prior homeowners after a home is foreclosed?
The sale of a foreclosed property follows a process of collecting records of all monies due that are attached to the title. Once the foreclosure sale is complete, monies are paid out according to the priority of the claimants. If the sale does not fully pay all monies owed, the prior owners may be liable for the remaining debts.
Does the homeowners association have the right to keep settlement monies from the homeowners?
Your question implies that your association and its board pursued a cause of action -- whether through negotiation, mediation or a court of law -- and was awarded a cash settlement. Realistically, based on the cause of action, the monies awarded were awarded based on a series of claims that included evidence. The monies, therefore, are best applied to cure the basis for the claims. Any excess funds can be disposed of based on the best advice given to the board. If you believe that you are being denied funds due you as an owner in this process, your best advisor will be your association-savvy attorney.
Are Homeowners associations allowed to disperse the settlement monies to homeowners only upon their approval?
It all depends on the terms of the association contract you signed when you bought your property. There are all kinds of arcane language limiting a property owners rights in the HOA's. That's why I never buy property in an HOA.
What kinds of monies are taxable?
persons wages/income within the Federal zone...also see The Public Tax Act for additional information
What is the law regarding grandparents insurance policy if the grandson is deceased and owes child support in Texas?
If question refers to whether or not the insurance benefit is subject to seizure for child support arrearages. If that is the case, the answer would be yes. Any monies garnered from the insurance benefit that belongs to the obligated parent would be subject to garnishment for child support arrearages. If the named beneficiary of the insurance benefit is deceased and the grandparent(s) are still living, they can legally have the policy amended and another beneficiary named. In that case the monies would not be a part of the deceased grandson's estate and not subject to probate action nor distribution for his debts.
Do you have to pay tax on a life insurance payout?
No, all monies from life insurance pass tax free. After you set up any kind of vehicle that earns interest, that interest will be taxed.
Can you collect unemployment benefits in Michigan if you are retired?
Absolutely. It is called your "Retirement Pension". You cannot collect "unemployment insurance" monies if you are retired.
How can a Homeowners association recover for damage to community property?
Your answer depends on many variables including:What is the extent of the damage?Who caused the damage?What insurance carried by the association is invoked based on the damage?What is the deductible for the category of damage?Best practices dictate that the damage be reported to the appropriate authorities -- criminal, if necessary, and then to turn the repair and its cost over to their master insurance policy carrier.If no insurance covers the damage, the board may be required to assess additional monies from owners in proportion to their allocated interest in the common area ownership to pay for repairs.
