0
Is what type of dog you have a material fact for a Home policy?
Wiki User
∙ 13y ago
Some homeowners insurers will not issue a policy when a dog of a specified breed resides in the premises. Because most homeowners policies provide both physical damage coverage to the structure and some elements of liability coverage for the owners, the underwriting of the liability portion of the policy may preclude coverage for such breed(s). This is usually because there is a real or perceived predisposition of the dog to be aggressive.
That said, if a homeowners application asks whether the applicant owns a dog of a particular breed (as described above) and the applicant misstates such ownership, that would likely amount to a material misrepresentation. A material misrepresentation essentially means that had the insurer known the truth, it would not have issued the policy, or would not have issued it at the premium that was actually charged.
As a practical matter, the issue might not arise unless or until a claim arose involving the dog, such as a bite. Nonetheless, candor on the application is both important and the right thing to do.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is a DP policy for home insurance?
DP Stands for Dwelling Policy. Usually a DP type policy is used to cover rental properties.
What type of home business would invalidate a home insurance policy?
Any type of home business that has been concealed from the insurance company could invalidate "all" coverage under your homeowners insurance policy.Your contract with your insurance company will require that you disclose any home business operation when you apply for or renew the policy.
Will home owners insurance cover the home while being built?
No, homeowners insurance provides coverage only after the home is completed and occupied. For homes under construction there is a specific policy type. It's called a "Builders Risk" policy.
Does home owners cover your barn?
It might, it just depends on the type and scope of coverage you purchased. There is no way for us to answer without knowing what type of policy you bought. Homeowners Policy? Farm and Ranch Policy? You will need to contact your insurance company and ask them if your barn is a covered structure under the terms of your policy.
Mobile Home Insurance Covers Situations Unique to This Type of Residence?
Although insurance policies for mobile homes are similar to those for multi-family and single-family structures, it is important to buy a policy that covers the type of home in which you live. Mobile home and manufactured home policies a wide range of losses, but they also cover situations that are unique to this type of residence, such as damage from moving the structure from one place to another. Similarly, coverage from garages, sheds and other buildings which may be normally included in a single-family home policy, may require a rider in a mobile home policy.
What are 3 reasons a claim could be denied by an insurance company?
A claim can be denied for a number of reasons, but three examples are" 1. The policy was not in force at the time of the loss. This can occur if the policy never went into force (such as due to the first premium not having been paid), or because it lapsed because subsequent premiums were not paid. 2. The terms of the policy did not cover the type of loss involved. Insurance policies are issued to provide protection for specified categories of risks, If the loss did not fall within the ambit of coverage, it would be denied. Even if arguably within the scope of coverage, an exception or an exclusion to coverage, as stated in the policy, may apply. 3. Misrepresentation of a material fact when applying for the insurance. Insurers rely upon the truth of the answers given by the applicant when issuing a policy. If a loss occurs and the insurer discovers that there had been a material misrepresentation of fact when applying for the policy, coverage could be denied. A misrepresentation is generally held to be material if, had a truthful answer been given to the question, the insurer would have not issued the policy or, if it would have, only at a higher premium.
On a home owner policy what does partial replacement cost cover?
It depends on the policy language and limits listed on your policy. You should read your policy for or contact your insurance agent for clarification if you don't understand it. All policies are not the same so it depends on the policy type and coverage limits you selected when you purchased your policy.
What kind of insurance policy can you get to cover your one eight interest in a home you do not live in?
The type of Insurance Policy you need is dependent on the use of the property. Whether it is residential or commercial all the joint owners should be listed on the insurance Policy as holders of interest in the property. This is the proper way and the most cost effective way to cover each of the joint owners shared interests in the property on one policy. The type of policy will usually be a "Dwelling Policy".
What is a typical home?
A typical home will comprise of on average four exterior walls and some type of roofing material. In most cases local materials will be used.
Does blue cross blue shield cover home health care?
Blue Cross Blue Shield may offer some coverage for home health care depending on the type of policy one has. It is wise to read all materials available on your policy and contact customer service to change to another policy if necessary.
What you understand by the term intrinsic semiconductor and how an intrinsic semiconductor is turned into either a p type or an n type material?
An intransic material is a material that have been used in doping process.There are two type of intrinsic material n type and p type.
What type of life insurance coverage will pay for the loss of a persons sight?
You are to opt for Health Insurance Policy or a Personal Accident Policy (in case of loss of sight due to accident). In fact, Health Insurance Policy will provide you for medical expenses for treatment relating to recovery of eye sight only.
