Does my homeowners insurance cover another person if they are hurt on someone else's property?
No, Homeowners insurance is not a replacement for medical insurance.
What kinds of things does my homeowners liability insurance cover?
When you own a home you are libl for nything that happens on your property. Homeowners liability insurance covers you in the event someone i injured on your property. Homeowner's liability insurance covers the homeowner in the event that someone gets injured while on their property. It covers medical bills and other expenses for guests if something happens to them while at your home.
Does your homeowners insurance cover you if you are injured on someone else's property?
No You would need to seek coverage under your medical insurance policy for accidental injuries. Homeowners insurance is for property and liabilities that may arise out of home ownership. Home insurance does not replace medical insurance. If you think the property owner is liable through cause of injury, you might seek coverage under their liability if they carry the coverage.
Does homeowners insurance cover if it is being rented?
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.
Is homeowners insurance required if you are renting the property out?
Homeowners insurance is not the proper policy if you are renting a home to someone else. What you need is a tenant occupied dwelling fire policy with premises liability coverage added to the policy or extended from your homeowners policy from the home you do live in. This is why you need an insurance agent and not a 1-800 insurance company to advise you on your needs and sell you the proper policies.
Which is best Landlord insurance or homeowners insurance?
It is not a question of better, it is a question of different. Coverage intended for a landlord does not generally include contents coverage. Instead, it covers the structure itself and may include liability insurance for those accroutrements which may pose a hazard to third parties for which the property property owner may be liable. Homeowners insurance is for someone who owns and occupies the property. It generally covers property damage to the structure (certain…
Do you need home owners insurnace after you pay off your mortgage?
You don't HAVE to cover your property with homeowners insurance once your home has not mortgage but you could lose everything if you had a fire or if someone was injured on your property. Some HOA's require some type of insurance on every property regardless of mortgage. Its not a wise decision to drop coverage.
Will homeowners insurance cover a portable basketball hoop blown over by the wind cracking an auto windshield?
It depends. If it was your basketball hoop that fell on someone else's car, yes. The insurance company should cover damages to someone else's vehicle while it was on your property if an "act of God" caused damage. If it's your vehicle on your property or even if you're renting the property, sorry. you're out of luck.
Is it legal to carry property insurance on someone else's property?
Insurance for someone else's property Yes, You can legally Insure the property of another person. So Long as you have authorization to do so and the owner is benefited, or an other insurable interest in that property exists. There are many situations where a third party may need to obtain property insurance such as, Estate Executors, Court Appointed Trustees, Dependents, Bailees, Tenants, Persons holding POA, or living wills, etc.. You can not insure the property…
If a fox bites someone on your property can you claim it on your homeowner's insurance?
No. A property owner is not be liable for the acts of a wild animal they do not own. Your homeowners insurance would offer no coverage. The persons own medical insurance would cover their injuries. Answer As all policies differ, read the terms, conditions and exclusions. Failing that, call the company that issued the policy.
Does a homeowner need liability insurance if their having remodeling done?
Your homeowners insurance does not provide coverage for hired workers. It is advisable that you ensure your contractor's doing the remodeling job for you have liability insurance in the event they damage your property or someone else's and appropriate medical coverage or workman's compensation for their workers.
Can the medical bills of someone injured on your property be covered by homeowners insurance?
They could be in some cases depending on how and why they were injured and what the relationship and residence status is to he named insured. Your homeowners medical coverage is specific to the named insured(s). Generally this is the home owner and resident family members. If someone else was injured on your property due to the insureds direct actions or through the insureds negligence for which you could be held liable then such an…
Will liability insurance pay off your vehicle if it is totaled?
Your own liability insurance will never pay for the damage to your property or for your medical expenses. Your collision insurance pays for damage to your property, if it is your fault. Your Uninsured Motorist Insurance or Underinsured Motorist Insurance pays for damage to your property if caused by someone else who is uninsured or under-insured. Your liability insurance will pay for the damage to someone else's property or for someone else's medical expenses, if…
If two people are listed as the homeowners do both of them have to apply for homeowner insurance?
Yes, anyone with an interest in the property should be on the homeowner's insurance to protect their "share" of the property. If there are multiple owners, they can all share one policy, but it needs to name all of them, otherwise, when someone makes a claim, the insurance company may refuse to pay for damage to something in the home that belongs to the uninsured owner.
Can you deduct homeowner's insurance on a rental property?
First, a homeowners policy is not what you need for rental property. A homeowners policy is only for a house that is owner occupied. For a house that you rent to others you need to purchase a tenant occupied dwelling fire policy. You must have the proper policy for the situation that you have. The coverage under a homeowners policy ceases when the owner has not lived in the home for 90 days. You need…
Can you insure someone else home?
Insurance for Someone Else's Home Yes, You can Insure the property of another person. So Long as you have authorization to do so and the owner is benefited, or an other insurable interest in that property exists. You can not insure the property of another when no insurable interest exists. It would be unlawful to insure the property or life of another where the intent is to gain unduly from anothers loss.
Are you solely responsible to pay for damages if a tree in your yard falls into your neighbor's yard and damages his fence?
No. Mother Nature would be the "responsible" party. The homeowner is not "liable" for acts of nature. Your homeowners insurance is not responsible for a natural act that causes damage to property of another. Your neighbors fence is not listed as covered property on your Homeowners policy. If a tree falls on your neighbors property the neighbors insurance coverage would invoke, it does not matter where the tree came from. Likewise if a tree falls…
Will homeowner insurance pay for a fight on property?
Your question is a bit vague and does not clarify for what you are seeking coverage, Injury or Property Damage. You may want to contact your insurance agent for coverage clarification. Your home insurance policy does not provide coverage for illegal or criminal acts. Your Homeowners Insurance Policy typically provides Property Hazard insurance that covers certain losses resulting from covered perils such as fire, lightning, wind, hail, theft, vandalism, etc. Many Homeowners Insurance polices also…
Will homeowners cover your personal property being used at someone elses house?
Not all home insurance policies are the same, so it really just depends on what kind of coverage you slected when you purchased your policy. There is another issue here as well since you say the personal property is being "Used" at someone elses house. Although most standard homewoners insurance policies do provide some limited coverage for off-premises personal property stored temporarily at another location, As you mention in your question that the property was…
Is property damage from pets covered by homeowners insurance?
Property damage from pets If the damage is to your own property, no, this would be normal expected wear and tear incidental to pet ownership. If the damage is to someone else's property, maybe, depending on whether you have liability coverage and that you do not have an animal exclusion on your policy. Did your dog get loose from the house or yard? Was the property that was damaged at your own house? There is…
Can you get homeowners insurance on someone elses property?
You must have an insurable interest to effect valid coverage. Property must be insured in the name of the owner. So if you want to buy someone else a policy for their property you can certainly pay the bill for some else's property insurance but you can not insure it in your own name. If you insured someone else's home in any name other than the legal property owner and it burned down or suffered…
Does homeowners insurance cover accident involving a pet?
Are you talking third or first party damages? If third party (your pet hurt someone or damaged someones property) - yes, the liability portion of your homeowners policy should pay so long as you do not have an animal exclusion on your policy. If you are talking about your pet damaging your own "property" - then the answer is most likely No. This is because our home insurance is for unexpected damage, not for the…
Is it mandatory to have homeowners insurance after you pay off your house?
No. Unlike auto insurance, homeowners insurance is optional and is not mandatory if your house is paid for. Just keep in mind though, if your home is lost due to fire, tornado, etc., you will not collect any kind of recovery for the loss. Also, without a homeowners insurance policy with liability coverage, you won't be covered for liability damages should someone fall or be injured in some way while at your home.
Can you make an insurance claim and someone else make a homeowner insurance claim after an injury that required medical attention occurs at their home?
Accidental injuries are best covered under your Health Insurance Policy. Home owners insurance is designed to cover a residence. It's property lines coverage. The home insurance policy typically provides very little coverage if any at all, for household injuries that fit the terms of the policy, where as your medical insurance will have no limit on coverage and it does not matter where the injury occurred. In order to claim against the homeowner you will…