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Well, I suppose you can pay his insuance bills if you want to.
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∙ 12y ago
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Can you Insure a home you don't own?
Insuring a Home You do not own.You can purchase a policy for a home you don't own but the legal owner must be listed as the Covered Person. Otherwise the Insurance Contract is invalid and no claim would be paid.
Who own your home if another person owns the land where it sits?
If the home is permanently attached to the real estate (not a mobile home) then the owner of the real estate owns the home. if you build a home on another person's land, they own it. Perhaps the owner would allow you to move the structure. However, you would need to restore the land to its natural state.
Can a condo be purchased by a homeowner?
If a homeowner can afford to purchase a condominium, there is probably no good reason why the purchase can't be completed. However, if the two properties are within the same development, there may be restrictions contained in the governing documents about the number of residential units that a single owner can own.
Will a claim be paid if insurance is in one name and home is in another?
No, most likely the claim will not be denied. If the owner of the home is not listed on the policy as an insured then the owner is uninsured and the company must by law deny payment of the claim. Every Homeowners Insurance contract requires disclosure of the legal owner at he time of application. If the property changes ownership during the policy term the Insurance Policy is automatically null and void at the moment ownership changes. The new owner has to make application and qualify for their own Insurance Policy. It is against the law to insure a home or property in which you have no insurable interest.
Does Lowes own Home Depot?
No, Lowes does not own Home Depot. They are both publicly held companies.
Can one person own the home and another purchase the homeowner's insurance?
If you mean can you pay for the other persons ( the owners ) insurance policy yes. If you mean can you insure it for yourself no.
What are the differences between homeowners and renters insurance?
A homeowner can insure the property and owned contents. A renter does not own the home so they can only insure their own contents. Liability coverage can be purchased on either policy type.
Can you insure a home that you don't own?
If you rent it you can get renters INS
Can a homeowner pull a permit for his house and do the work to it even if they live in another state?
If they own the property upon which they are working it should make no differnece as to their home state of residence.
What do you need to apply for homeowner insurance?
You need to own the home. Call and talk to an agent.
Can a mechanic insure his tools when he leaves them at employment and does not own a home?
a "inland marine" policy is what you are looking for.
Can you have two homes with home owners insurance?
Yes, You can own and insure as many homes as you like.
If you own two homes in different states and keep a car at each home in which state do you license and insure the cars?
You will insure the cars based on where they are driven the most. If you drive more in one state, insure the car there.
Who insures car titled in some elses name?
You must have a financial (insurable) interest in a car in order to insure it. It works the same way with home insurance. You must own the home in order to insure it. Thus, whoever owns the car and has the title is the only person who can insure it.
Can you insure a car that you don't own?
No. You cannot insure a vehicle that you do not own. The exception would be in a family situation where two spouses own two vehicles and insure them on one policy.
If I own an older home is it possible not to end up paying more for my homeowner's insurance?
Yes you can have the home assessed for value. If the home is worth less then you can pay less for coverage.
Can you insure a building you don't own?
You personaly can not insure the building but the society can insure the whole building.
