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If you have a 115000 house insurance policy how much will you get if there is a fire?
Amy1969
You would get any difference there is between what you owe to the mortgage company and your coverage limit. Of course then you are left with a burnt foundation, unless its not a total loss in which case the payoff will only cover what it takes to rebuild. Theres a reason that mortgage companies require you to get insurance... its so that they can get paid when things like this happen. Make your coverage well in excess of your homes value if you want to be safe.
Wiki User
∙ 17y ago
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What if neighbor's house catch on fire then yours but your neighbor has no insurance?
If you have fire insurance on your own home you will be covered under your own policy. You don't need to worry about whether the neighbors house has insurance or not. It does not affect the coverage you have under your own policy.
What is standard fire policy?
A fire Insurance Policy is Fire Insurance for the covered property indicated on the policy.
What is typically covered in your house insurance policy?
The typical house insurance policy covers damage to your property and personal liability coverage. Damage to your property includes fire, lightning, tornado, and hurricanes.
Does insurance company have to pay mortgage if house fire?
NO, not unless it is a total loss. If your house is being repaired by your insurance policy you must continue to make your mortgage payments.
I had a house fire last year and my insurance company dropped me after the claim Can my girlfriend purchase a homeowners insurance policy and claim that she has never had a canceled policy?
She can buy a new policy all day long and claim she had never had a policy cancel if: 1. She is the only person on the deed to the house. 2. She never had a policy cancel.
What clauses should be added to the fire insurance policy to cover totally all risks?
A fire insurance policy covers "Fire". That's why it's called a fire policy. If you want more coverage then you have to step up to a homeowners insurance policy so you can get all the other coverages you want or need.
Fire insurance policy in India now?
yes
Fire assurance policy?
You need to be more specific about what it is about fire insurance you need.
What does house insurance cover?
House insurance can cover different things depending on your policy. Common things covered include storm damage, some kinds of theft, and fire. You can also get specific flood insurance. There are many different houses out there. Because there are houses, there are companies that offer house insurance. Depending on one's house insurance plan, it can cover different things.
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 a good insurance agent to advise you and help you purchase the proper policy for your needs. To answer the question, you can deduct the premiums paid for a dwelling fire policy that you rent to someone else.
What type of insurance covers fire to recover the building?
Any building property policy such as a homeowner policy or commercial property policy will cover fire damage.
Life insurance policy destroyed in fire how to obtain copy of policy?
Contact your agent or the company.
