No, Homeowners Insurance does not provide the coverage of a life insurance policy.
NO, Your homeowners Hazard Insurance Policy does not pay for maintenance or other home upgrades. However upgrades should be reported to your insurer as they can be covered if damaged or loss occurs from covered peril on your policy. If your Insurer is not aware that you have added an HVAC unit it will likely not be covered if damaged.
Generally speaking, an insurer can choose not to renew your policy for any reason. Each insurer chooses for itself the kind of risk it will insure.
It may, it really just depends on what kind of insurance policy you bought and whether your policy is a Farm and Ranch type policy or if you have the barn scheduled as a covered structure or not.You should contact your insurer or your insurance agent for clarification of your policy coverage.
Your master policy broker or your personal insurance carrier can answer your question specifically. There is no standard.
Yes, of course. The current owners on the policy have to pay for the insurance policy, This is why this policy states that it is a homeowners policy.
Usually your policy will have a section covering your liability as a homeowner. This may cover the neighbour. Check your policy ask your insurer
the standard policy says two years
No, A condemned home is not insurable. The homeowners insurance policy becomes null and void the moment a home is condemned whether the insurer has been notified of the condemnation or not.
Yes. That is covered on a homeowners policy.
Yes, your homeowners insurance policy can be cancelled or non renewed if the insurer determines that your home or property has hazardous conditions. Especially if the homeowner has already collected on a claim and failed to make the necessary repairs.
No, When you rent your home out to someone your Homeowners Insurance Policy is automatically null and void whether or not you have notified your insurer. If you have become a landlord you need to purchase landlords insurance for your property. This is done by obtaining a Dwelling Policy with a rental dwelling endorsement. Just contact your insurance agent and he can help you place the right coverage for your tenant occupied property.