By now you have cancelled the first policy and received a refund for the unused period. In answer to your question, had you experienced a claim during the period you had two companies, they would likely share the claim payout.
Sure, you can buy as many policies as you'd like, but you can only get paid once if you suffer a loss so you may be wasting money.
ileads.com is an internet service that provides real time data bases of homeowners insurance. Homeowner insurance leads are a connection for homeowners insurance, they will help you find the insurance that fits you and your home
Most homeowners insurance policies cover repairs caused by storm damage, however you will have to check your policy to be certain. Usually, you will have a fixed amount of time to claim damages.
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.
Yes, you can be covered by multiple dental policies. There will be one insurance carrier as your primary insurance and the second insurance carrier will be your secondary insurance.
If you mean on the same property, no they won't. It is illegal to carry two policies on the same property. The illegality is on the person not the insurance company. Why would you want to carry two policies. All they will do is to coordinate the benefits and pay half of the claim each, therefore you will not collect any more than the claim.
Generally, homeowners insurance policies exclude property damage that is caused by rodents (vermin). This type of damage may occur over a long period of time and not meet the definition of "sudden" loss.
Generally not. Insurers take the position that mold grows over a period of time and is not the sudden and unexpected occurrence that insurance normally covers. Recent policies have express exclusions for black mold coverage.
Universal Life Insurance Policies work by giving death benefits when one dies. Unlike other life insurance policies, universal life insurance policies generate interest over time.
There are many insurance companies that offer Whole of Life policies. At the current time More Than do not offer whole of life insurance policies instead they offer term insurance.
If you are required to carry homeowners insurance by, say, the bank through which you have your loan, you can switch to another provider for insurance at any time (there are a few forms you would need to fill out, but your new agent would be able to help you with that). You wouldn't be able to switch to another kind of insurance, though. The new policy would need to be a homeowners policy.
Insurance is needed every time there is an uncovered risk.For a vehicle anytime you have one registered in your name. For homeowners when you have a mortgage.
Preexisting Home DamageMost states only allow a maximum 2 year delay in filing a claim.There is no such thing as a retroactive claim. Homeowners Insurance policies "Do Not" cover preexisting damage and the claim should be filed with the Insurance company that was covering the home at the time the damage occurred.Other answersMost do however it depends upon the claim and what state you are in. Also the period of time cannot usually be over 12 months.
Most homeowners insurers will deny coverage to such a person for a stated number of years. The duration of time will vary with the insurer.
Homeowner policies set the time frames in which claims must be submitted. For a law suit the limitation is three years in Washington.
Your homeowners insurance is not effected by your house being for sale...unless it is vacant. 4lifeguild
Generally No, Homeowners Insurance Policies typically have a vacancy clause. The insuring contract requires notification to the Insurance company when the house becomes vacant. All coverage typically ends at the time the home becomes vacant unless you have endorsed the policy to cover a period of vacancy.
the standard policy says two years
Instant term life insurance is a term used to describe a way of checking multiple rates of life insurance policies at the same time by checking out a site such as MetLife and they will ask you for your zip code, and give you some rates for several different policies for several different companies for you to compare.
Usually not. Most companies do not rate up for a claim. However, at this time it is very hard to get homeowners insurance at a good rate if you are cancelled by another company or if you have claims it is hard to move to another company. Insurance goes in cycles. For the past few years insurance companies have been loosing money on homeowners insurance so they have become much more careful with their underwriting. It is easier to get car insurance than home insurance. Most companies will not even write home insurance unless you also give them your auto insurance.
The Hartford insurance company offers life insurance as well as automobile and homeowners insurance.This company has been around a very long time is is a highly trusted business.
Depreciation is determined by the policy and not the "insurance laws" If your policy has "replacement cost" benefit, there is no depreciation taken at the time of a claim. If your policy has "actual cash value" benefit, there is depreciation taken off your settlement at the time of a claim.
Doubtful. Most homeowners policies do not cover rust, mold, deterioration etc. over a period of time.
Coverage is always determined by the cause of the damage. If the damage was due to a "Covered Cause" then you have coverage. If not then you don't have coverage. Movement of earth is usually excluded from coverage on all homeowners policies. If there was a storm and a tree fell on the wall causing the collapse then you do have coverage. If it fell due to roots from trees pushing it over then sorry but it will not be covered. Insurance damage must also be sudden and accidental. If it happens over time it is a maintenance issue and insurance does not cover maintenance.
No, homeowners does not cover erosion. Erosion is considered normal and expected over time. It's not a sudden loss. It is also generally avoidable with proper maintenance.