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You would insure any buildings, fixtures and contents within the home--make sure the policy says replacement value plus 125%. Avoid a policy that allows depreciation of used contents. The total insured amount would not include the land that is part of the value, so most likely the insured amount would be less than the total value.
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∙ 15y ago
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Can you insure someone else home?
Insurance for Someone Else's HomeYes, 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.
Will an insurance company insure a property without a certificate of occupancy?
no it will not
Do you have to insure a car that has been repossessed?
No, since the car is no longer considered "your" property.
Do you have to insure a non running car?
If the car is located on private property, it does not have to be insured.
Can a person insure property that belongs to someone else?
No, in order to get an insurance policy on property you need to have an insurable interest. Meaning you need to own the property or have some other interest in the property.
How can you insure lamborghini?
Yes, you can pretty much insure any car if you can afford it.
Can you insure someone else's financed car?
No. Insurance cannot be obtained on property which the policy holder has no vested interest or ability to control.
Can you put insure in a sentence?
I will insure your car so repairs don't cost as much.
Is it legal to carry property insurance on someone else's property?
Insurance for someone else's propertyYes, 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 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 another persons loss.
How much does it cost to insure a car, at the bare minimum?
The bare minimum to insure a car is $500
Can you insure a house that's in the estate of?
The executor should make sure that insurance is current on property in the estate.
Should landlords obtain insurance to protect their property?
Yes, landlords should obtain insurance to protect their property. It is always a good idea because it will protect their property and insure that if something happens to it, it will be fixed.
