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Do you have to have have homeowners insurance with a credit line?
Wiki User
∙ 10y ago
Yes, if the line of credit is a home equity line where the home is the collateral for the loan then you will have to prove that you have insurance on the home for the home equity loan. Any time you use collateral for a loan then part of the loan agreement will involve proof of insurance on the collateral.
Wiki User
∙ 10y ago
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Does home insurance pay for home equity line of credit when you have a house fire?
No, it won't pay your mortgage note or your equity line note, but your homeowners insurance will pay to repair the fire damage to your home.
Show me TIPS ON how to save on my home owners insurance?
Simply put, you can save on homeowners insurance by opening a multi-line policy with your auto insurance, lowering your risk a number of different ways, and comparing homeowners insurance quotes online. Here is a comprehensive article I found on saving on homeowners insurance: http://www.insuranceagents.com/multiple-quotes.html
How much do homeowners insurance rates increase due to poor credit from a bankruptcy?
not much. should not matter too much. homeowner's insurance is anyway too low.
Does homeowners insurance cover foreclosure?
No. Homeowners Insurance does not cover the owners default on a mortgage note.
If you refinance your mortgage do you need to get hazard insurance if you already have homeowners insurance?
hazard insurance is another way to say homeowners insurance - they should be referring to the same thing
Are required to have homeowners insurance on just a credit line?
You will be required to carry insurance to protect any collateral for a loan, no matter how much the amount of the loan.
How do you get affordable homeowners insurance with bad credit?
There are companies that do not run credit score.
Does home insurance pay for home equity line of credit when you have a house fire?
No, it won't pay your mortgage note or your equity line note, but your homeowners insurance will pay to repair the fire damage to your home.
Hard to insure homeowner's insurance?
Hard to insure homeowners insurance could mean that you have poor credit or represent high risk to a homeowners insurance company.
Sal paid his annual homeowners insurance on January 10th. He eventually sells his property on March 27th. How will Sal's homeowners insurance be categorized on the settlement statement?
Sal paid his annual homeowners insurance on January 10th. He eventually sells his property on March 27th. How will Sal's homeowners insurance be categorized on the settlement statement? Sal will receive a credit for the homeowners insurance paid after March 27th. Sal will receive a debit for the homeowners insurance paid after March 27th. The buyer will receive a credit for the homeowners insurance paid after March 27th. The buyer will receive a debit for the homeowners insurance paid after March 27th.
Will homeowners insurance cover a new sewer line?
NOPE
Can you get turned down from Homeowners insurance if you have bad credit rating or forclousere?
Yes, many insurance companies do require you qualify credit wise to be eligible for coverage.
Homeowners Insurance?
form_title=Homeowners Insurance form_header=Protect one of your most important assets with homeowners insurance. Get the homeowners coverage options to suit your life. Do you already own homeowners insurance?= () Yes () No Does your current homeowners insurance cover flood damage?= () Yes () No () Don't have homeowners insurance Are individual items in your house, such as your TV, covered by homeowners insurance?= () Yes () No () Not Applicable Are you looking to get homeowners insurance or update your current insurance?= () Get Insurance () Update Insurance
Does homeowners insurance covers a leak in the water line service in the street?
No. It is not on the property.
Will homeowners insurance pay for repair of broken underground sewer line?
I cannot think of any cause for a sewer line damage being caused by something that would be covered by a homeowners policy. It is probably maintenance and not an issue for your home insurance.
Show me TIPS ON how to save on my home owners insurance?
Simply put, you can save on homeowners insurance by opening a multi-line policy with your auto insurance, lowering your risk a number of different ways, and comparing homeowners insurance quotes online. Here is a comprehensive article I found on saving on homeowners insurance: http://www.insuranceagents.com/multiple-quotes.html
Does homeowners insurance cover your mortgage if you are laid off?
No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.
