This is not a normal type of coverage, per se.
Depending on the reason an owner does not pay assessments, you may be able to purchase protection. For example, if your home is not habitable based on a protected disaster, your coverage may include monies sufficient to pay your assessments, which you still owe.
Your broker or insurance carrier can answer your specific question, given your specific situation.
it might. read it and find out.
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
Most homes that you buy now require you to have homeowners insurance. This is to not only protect you in the event something happens to the home, but to protect the company who sold you the home. Homeowners insurance is added in with the monthly payment and covers everything from fires to floods. It is a good investment even if you are not buying a home. Homeowners insurance is available for people who already own their home and want added protection.
First the suit will not be filed against the insurance company but against you as the homeowner. Your insurance company will come in and protect you from the suit. This is covered under your liability section of the insurance policy. Your coverage includes legal fees in addition to the amount of coverage on your liability section.
Homeowners insurance policies generally protect against most types of natural damage (e.g. lightning(, problems with the construction or plumbing, and criminal damage like theft of possessions and vandalism. It generally does NOT protect against flood damage, so be wary.
No it does not. Homeowners insurance covers your home, property and liability excluding your auto. Your auto comprehensive coverage will protect you for fire, theft, striking an animal and....vandalism.
The purpose of building and contents insurance is to protect homeowners from the damage done by natural disasters, such as hurricanes, to their homes.
puts their name as a payee on the claim settlement check
No. This is an intentional criminal act by a household resident. You insurance will certainly not pay for this claim. Their homeowners insurance will probably pay for the loss of the item after they call the police and press charges against the thief. Does he still have the property he stole from them? If you can't make him responsible them I would say you are personally responsible for their loss.
You will be required to carry insurance to protect any collateral for a loan, no matter how much the amount of the loan.
No, homeowners insurance typically only covers property and liability for property owners, not renters. Renters should consider purchasing renters insurance, which can protect their personal belongings in the event of theft or burglary.
No pet bites would be covered under your homeowners or renters insurance policy.