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A home without a solid concrete foundation will probably not qualify for an HO-3 form homeowners policy. However, a home like this is most likely an older house where the HO-3 would probably not be the best policy for this home anyway due to the requirement for replacement cost. In order to write a HO-3 policy you must insure it for at least 80% of the full replacement cost of the house. If the amount of insurance falls below 80% and a claim is presented then there will be a penalty and only part of the claim will be paid. Replacement cost means to rebuild the home exactly like it was when originally built with similar material. On an older home this is extremely high due to the cost of similar material. For this reason, you would want to write a HO-10 or HO-8 policy for these older homes as it is a actual cash value policy instead of replacement cost.
What else can I help you with?
What insurance companies will provide homeowner or condo insurance for a rental condo without having to insure your primary residence in my case rental insurance?
Your local insurance broker can answer your question.
The flat above me flooded their flat which damaged mine but they do not have a policy and have offered cash Will I lose money making a claim against someone without home insurance?
Why would you file a claim against someone who is already offered to pay your claim in cash? That makes no sense at all. If they are liable for your damage then they are required to pay you for that damage. The law does not care if they pay you themselves or if you get paid by their insurance company so long as they pay you. Attempting to get paid twice, that is obtaining payment from the homeowner and then again by the insurer is a crime. Its called Double indemnity and is a form of Insurance fraud.
Will an insurance company insure a property without a certificate of occupancy?
no it will not
Can a spouse change a life insurance policy without letting the other spouse know?
No
Who is the owner of reliance life insurance company?
Reliance Life insurance company is owned by Reliance Capital (ADAG -Anil Dhirubhai Ambani Group) and it's only private life insurance in India who operates company without foreign partner
Which is better a crawl space foundation or concrete slab foundation?
without knowing your climate, the best would be a crawl space with a concrete slab.
What insurance companies will provide homeowner or condo insurance for a rental condo without having to insure your primary residence in my case rental insurance?
Your local insurance broker can answer your question.
What to do when your basement tenant sue the house owner six weeks after a fall without even inform the owner at the time of fall and Is it covered by homeowner insurance?
It is very difficult to prove if the tenant had not informed the tenant at the time of fall. Judge will suspect that it is fraudulent insurance claim. Tenants are not covered by a homeowner insurance. However, if the homeowner has a landlord insurance, tenants are covered.
What are the best practices for laying a concrete foundation without using rocks?
The best practices for laying a concrete foundation without using rocks include properly preparing the ground by removing any debris and ensuring it is compacted, using a proper mix of concrete with the right amount of water, reinforcing the foundation with steel rebar, and allowing the concrete to cure properly before building on top of it.
What is the strongest foundation?
The strongest foundation typically consists of reinforced concrete footings and a concrete slab. This provides a stable base for the structure, ensuring it can support the weight and withstand various environmental conditions. The specific design and size of the foundation will depend on the building's requirements and local building codes.
Can a person sue a homeowner after suing the home insurance company for the same accident?
Generally No. If you have already sued the Home Insurance Company, then you have already sued by default the Homeowner. You can not have sued one without already having sued the other. If a property owner is liable to you for an accidental injury, The home owner may have insurance to cover those liabilities. The insurance company would not be the cause of an accident. If you sue an insured homeowner, their insurance company is only enjoined in the suit by virtue of the coverage provided to their insured home owner who has been sued. The homeowners insurance company may cover the cost of defense of the suit filed against the insured homeowner and may pay awards or judgments up to the limits of the homeowners insurance policy on behalf of that insured homeowner. Bear in mind that the Insurance Company is not liable for an accident, The insurance company may be liable for damages and awards based on assertions and finding of liability on the part of the insured homeowner. If your suit failed (or you Lost the suit), Then that means the homeowner was found not liable for your injuries. If you have accepted a settlement from the insurance company, that settlement will have settled your claims against the homeowner.
Does a concrete patio step need to be on a footing?
Yes, a concrete patio step does in fact need to be on a footing. Without the proper footing foundation, the step will be uneven.
Will a DUI show up in insurance?
Assuming you mean car insurance, without a doubt the answer is yes. You will likely face what is known as a 'surcharge' meaning your rates will increase, just as if you had an accident. If you homeowner's insurance, that depends on the state, but the answer is most likely "no".
Can you enroll in homeowner's insurance without spouse consent?
Yes, Either owner of a property can purchase a home insurance policy. It is recommended however, that you list all persons with a financial interest in the property as an insured on the policy.
What type of construction would call for a concrete anchor belt?
Concrete anchor belts and bolts are used for large concrete structures when the foundations are being put down. They are sometimes removed later on without harming the buildings foundation.
If a homeowner is on prescription drugs and drunk leaves candles burning instead of using the oil lamps and home burns down what are the percentage of insurance paying?
Depends on the specifics of the insurance policy. Without reading the policy, nobody can answer the question.
How would your corporate insurance cover if you rented a vehicle declining rental insurance and vehicle was damaged as it hit a concrete pole without harming the pole?
You would need to check with your corporate insurance, to see what is and is not covered.
