0
Is an uncashed homeowners claims payment still valid after the property is sold?
Wiki User
∙ 12y ago
Yes. The claim payment was compensation for a covered loss that occurred while you were still the owner. So there is no problem with you cashing the check.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
How much is homeowners insurance in Michigan?
Just as it is anywhere else, It depends on many things, the value of your home, The condition and age of the home and where it's located as well as the claims history of the property and the property owner.
Will your homeowners insurance cover damage to your neighbors property caused by fire damage?
Generally no. The only time that your homeowners policy will cover property of anyone else is if you are legally liable for the damages. For instance if you started a fire on purpose for some reasonable need that got away from you and they neighbor demanded payment. In this case you turn it over to your insurance company which will decide how to proceed. You liability section provides coverage for damages and they will provide legal defense in addition to the liability coverage if necessary. I will caution you that liaiblity claims will make you typhoid Mary to insurance companies and you will not have luck getting or keeping homeowners insurance.
Can multiple homeowners claims be surcharged on different policies?
Yes, If you have multiple claims then you can get multiple rate increases.
What is the statute of limitation to file a homeowners claim in mo.?
You should verify with your insurance agent. However most U.S. states have a 2 year limit for filing property damage claims.
When a car is a hit and run on friends property does their homeowners insurance cover the damages?
no your uninsured motorist will though. your deductable will be lower, and making too many claims on homeowners will likely caused them to be dropped by the company. i once heard you can only make a claim on homeowners once every 3 years but i don't know if that's true.
Does homeowners insurance cover hospital from a car accident?
No, Homeowners insurance is for the house. it does not cover cars or car accident claims.
Will homeowners insurance cover bodily injury claims if a covered vehicle is involved?
A homeowners policy does not cover and specifically excludes self-motorized vehicles except for lawn mowers used exclusively for maintenance of the property insured. Even in this case the mower is covers if damaged in a covered cause but bodily injury is not a coverage included on a homeowners policy.
What is the name for claims against property?
The name for claims against property is liens.
Does claims on homeowners insurance on house or owner?
Claims records are kept on both the property and the policy owner. It can be on both. It just depends on the nature of the claim as to whether it would be counted against you. Weather related claims are typically not assessed at all as these are beyond our control. Claims that result from poor maintenance or neglect and certain liability claims can carry over and be assessed even when a new home is purchased.
Will homeowners insurance cover a friends stolen laptop from my home?
Stolen Laptops and Home InsuranceNo, homeowners Insurance only covers theft of the Named Insured's property, not the property of others. Refer to the "Personal Property" coverage section of the policy.More sSome policies may allow a homeowner to elect coverage for the property of others while it is on the residence premises. If the laptop is the only item stolen, the policy deductible will apply.On theft claims, the company will be looking to see that a police report of the break-in has been filed. In addition, your friend's claims experience with his insurance company can be negatively affected resulting in increased premiums. The insurance company could non-renew his policy if he has several claims of this type.
Is insurance money taxed?
As far as homeowners, and auto claims payments are concerned no.
Are cellphones covered under homeowners insurance?
Cell phones are covered as are any other contents if damaged by a covered cause such as a fire. The problem is that all homeowners policies have deductibles. It is not adviseable to make small claims on homeowners policies. They are made for large issues such as a fire or other large claims.
