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No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.

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โˆ™ 2013-03-11 18:30:24
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Q: Does homeowners insurance cover your mortgage if you are laid off?
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Is homeowners insurance required?

genius guy,i think its a good idea to get homeowners insurance. If you own the house outright, then no it is not required but if you have a mortgage, then the institution that made the loan most likely does require it. They already have laid out the monies for the real estate they do not pay to insure it also. You can add your taxes and insurance into an escrow account the will include those expenses with your mortgage payment, that you pay monthly so as at the end of the year you do not have to come up with two lump sums of big money. The bank or mortgage company see's to it that not only do your monies go to mort. but the other two as well...It makes things easier...


What good can come from mortgage repayment insurance?

Having a mortgage repayment insurance policy can offer peace of mind to a worker who feels that they may be laid off. Several banks began offering mortgage repayment insurance as a way to help home buyers feel more confident about taking out big loans.


Can an employee get COBRA health insurance if he resigns or is fired or is laid off?

yes


What does it mean to have a standardized insurance policy?

An insurance policy would be called standardized, when it covers all the salient international features/standards as laid down by the insurance authority of the country.


Where can I find more information about Cobra insurance costs?

According to http://healthinsurance.about.com/od/healthinsurancebasics/a/COBRA_basics.htm cobra insurance is available up to 60 days after job loss due to being laid off, and the cost is similar to what you paid for your insurance plan prior to being laid off.


Can an homeowners association in a community with multifamily units buildings like townhouses require the individual homeowners-members to carry full homeowners insurance?

Some boards may pass resolutions making this requirement, and the governing documents are specific about the percentage of owners required to vote in favour of such a resolution before it can go into effect. Insurance carried by owners protects not only the owners, but protects the association, because catastrophic damage is not generally limited by boundaries laid out in your governing documents. You can work with your broker to purchase the insurance necessary to protect your property and the common areas when your options are compared to what's already covered -- common areas, in the master policy. Your board cannot require that you over-insure, but best practices dictate that you insure so that there are no gaps in coverage.


Does trip cancellation insurance cover if you are laid off?

Depending on the plan you have purchased, you may or may not be covered. If you purchased a "Cancel For Any Reason" plan then you should be fine. You can find more info here www.tripinsurancestore.com/3/layoff.shtml


If I have primary insurance through my work and had secondary through my husband's work but he was laid off can I still use Cobra as a secondary insurance or is Cobra only if you have no insurance?

Cobra is available to those without insurance. Fortunately you have primary insurance and this would be useful.


Good pet insurance and how they compare to others?

You can compare and contrast different pet insurance companies by visiting www.petinsurancecomparison.org. They have them all laid out and listed so you can get the right insurance for your pet at the best price for you.


When a dead person is laid out at home why do you cover mirrors?

You have to cover all mirrors because of the sprite is a bad person and may leager in the house.


How many square feet does 120 bricks cover?

It depends on the size of the bricks and their orientation when they are laid.


Laid off and employer states medical benefits ended on day I was laid off however insurance companys states I am still good to end of month HR won't return calls What are my rights?

In most cases health insurance is done through a monthly program. If the insurance company says you are covered, I'd say that they would know.

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