0
yes, up to what the policy limits are which is typically the entire amount.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Does homeowners insurance cover foreclosure?
No. Homeowners Insurance does not cover the owners default on a mortgage note.
Does homeowner insurance cover theft from your bank account?
In the United States, theft from one's banking account is covered by your bank and is backed as well as by the FDIC for member banks.
What if sale of a house after a foreclosure doesn't cover the mortgage amount?
Then you still owe money to the bank.
How do banks benefit society?
Banks are a regulated form of controlling the flow of money from those who have money to those need it. The banks try to protect themselves from losses by asking for collateral or securities to cover the amount of money they lend. They will also pay others to invest in them by paying interest on savings accounts. If we had no bank we would be sitting on the sidewalk with a fat man trying to get a loan
If you fall in your house does your insurance cover you?
It would depend on the reason for your fall, but most likely your insurance would not cover you for that.
Does homeowners insurance cover foreclosure?
No. Homeowners Insurance does not cover the owners default on a mortgage note.
Losses or risks that an insurance policy will not cover are called?
deductibles
Does home owners insurance cover money stolen from a school PTO?
No, It is the schools choice to obtain coverage for losses from theft on school property or not. Your homeowners insurance would not cover the losses of another party.
Does homeowners insurance cover losses a friend incurred from being robbed inside the home?
No. Your friend is most likely not a named insured on your homeowners insurance policy. Your homeowners insurance policy is specific to you and your property. It would also not cover the losses of a tenant.
What is the difference in renter and landlord insurance?
The diiference between landlord & renters insurance is that landlord insurance is a policy that covers property owner from financial losses with their property.Renters insurance is policy that cover the renter from financial losses or personal items.
How did the western European government subsidize banks and airlines?
Banks and airlines were allowed to suffer huge losses with the assurance that the government would cover their debt.
Can you claim a leaking basement repair on your insurance?
Insurance is designed to cover large, unexpected losses. Maintenance and wear-and-tear are not covered.
Will homeowners still cover an injury in the midst of foreclosure?
If the insurance is still in force, there shouldn't be an issue. If they have given notice of cancellation, it could be difficult.
If you were involved in an accident and did not have full coverage but the bank had put forced insurance on the loan will that insurance cover the totaled car?
That insurance will probably cover the BANKS interest in the vehicle and any liability that may be assigned to it, but little or nothing for you.
What are the conditions that apply to perpetual insurance and what does it cover?
Perpetual insurance is most commonly used for homeowners insurance but can also be used for fire insurance. The most frequent conditions are that the insurer must make enough money to cover the losses in the event of a claim.
Does insurance cover your time worked on a claim?
No, Your home insurance provides coverage for property losses and certain liabilities that may arise out of home ownership.
Does homeowners insurance cover fire damage caused by a visitor?
Yes, Homeowners insurance typically does provide coverage for losses that result from an accidental fire.
