Homeowner's Insurance

What does homeowners insurance pay for in case of damage to your house?


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2012-07-19 09:35:34
2012-07-19 09:35:34

Your Homeowners insurance policy will pay for damages that result from the covered perils specified on your insurance policy subject to the policy limits and any deductibles listed therein.

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Homeowners need insurance protection in the event of damage to their property. That's basically what homeowners insurance offers: financial protection in case disaster strikes. In the US, basic coverage (also called "Form 1", or "H1") will insure your house against damage from fire and lightening. If you want more protection you'll need to purchase broader coverage.Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.

In some cases yes, Animal damage beyond normal wear and tear can be covered. In the case of damage incidental to choice of animal pets though there is generally no coverage.

Certainly not. Homeowner's insurance does not pay for renovation to any part of your home unless it was damaged and the damage was due to a covered cause. And, in the case of damage, the insurance will strive to replace, not improve the situation.

No, you can take pictures of all aspects of your house, including artwork and typically your insurance will use the pictures in case insurance is needed.

Earth movement is generally not covered under a homeowners insurance policy so that should answer your question. The only case it might be covered is if you purchase an endorsement to add coverage for earthquake. Remember that maintenance and faulty building is not covered under homeowners insurance.

It depends on your coverage. Usually it's the amount of damage/loss minus your deductible. Some types of damage may not be covered; for example, it's fairly common for flood or earthquake damage not to be covered unless you buy additional coverage specifically for those hazards.

Unoccupied home insurance helps protect your house when it is empty. It covers what regular home insurance does not, in the case that your house is left unoccupied for a month or more. It covers damage in the case of fire, earthquake, explosion and lightning.

Any kind of injuries you suffer within your own house would not be covered by your Home insurance; that would fall under your medical (or in this case, dental) coverage.

Rebuilding the house and buying all new items to replace those damaged

The fence is covered. If the fence is attached to the house then it is considered part of the dwelling. If it is not attached to the house then it is considered part of other structures. In either case coverage depends completely on whether or not the damage was because of a covered cause and that it exceeded the deductible enough to justify making a claim.

Depending on the home loan, you may be required to have insurance. If you buy your house out right, there is nothing requiring you to have insurance. Unlike driving a car, you can legally own a home without homeowners insurance. However, if you finance your home with a mortgage, your lender most likely will require you to have home insurance coverage to protect your home and the lenders investment in case of damage caused by unforeseen circumstances, such as fires or natural disasters.

If they are damaged by a covered cause then yes. I believe you are referring to damage caused by lack of maintenance and in that case they are not covered. It is specifically your responsibility to maintain the home and homeowners insurance is not designed to do this. If you have a fire or a tornado rips off your roof then the facia boards are covered along with other items damaged.

For townhouses, you should make sure your homeowners association carries appropriate federal flood insurance which protects you and you neighbors from rising water from a stream, river, ocean or canal. If a flood in your house is caused by sewer backup or a broken pipes, you need to make sure your personal homeowners insurance covers those problems. Also, ask your homeowners insurance company how to insure common walls of a townhouse in case your neighbor has a broken pipe or some other internal problem.

Generally an issue like this is not a covered loss on a homeowners insurance. The reason for this is that it is a maintenance issue that should have been fixed by the homeowner before damage occurred. Now if a storm occurred and a tree branch broke the skylight and then because of the storm rain came into the home. In the second case the cause was windstorm. Windstorm is a covered cause on a homeowners policy and therefore not only will the skylight be fixed but also the damage caused by the water coming into the home and whatever damage was caused by this. Most issues that are covered under a homeowners policy and ones that are "sudden and accidental". A lack of maintenance type of damage is usually something that happens over a period of time.

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.

If you own the home, with no mortgage on it, no, you do not have to have insurance. That said, it is very ill advised to not have insurance. When buying a home, insurance is generally required so that in case of any loss, the financial institution that holds the mortgage note is protected from loss should the house be damaged or destroyed.

Question your homeowners insurance. If it was the neighbor's pool, perhaps their liability/homeowners insurance will pick up the cost. In any case, you have to have the ambulance at any price.

If you are the owner of the house, and are renting to tenants (making you the landlord), then you only have insurance on the house (dwelling coverage - not homeowners coverage) and not the personal contents of the renters. In this case, no, your insurance will not cover their loss. It is the responsibility of the renters to purchase insurance coverage on their personal belongings. If you are the renter (tenant), then you have to buy contents coverage on your personal belongings, such as furniture, clothing, etc. The landlord is not responsible for your belongings, whether the loss is from robbery, fire, etc. In order to purchase homeowners insurance you have to own the home (but it can still be mortgaged) and you have to live in the home. Otherwise, you have to have a dwelling policy on the house if you want it insured, whether it's vacant or rented. If, however, there is still a mortgage on the house, the bank (or mortgage holder) will require you to have insurance on it. If the house is paid for, then it is at your discretion whether to have it insured or not, for the value of the house. But if you rent it out, your state may require that you carry liability insurance on it.

House insurance covers only damage to the actual house and contents. Additional insurance may be needed for outbuildings and other structures, such as fences. Liability insurance may also be needed in case somebody gets hurt on the property.

puts their name as a payee on the claim settlement check

The other person's insurance will have to cover their OWN damage. If a tree in your yard falls onto your neighbor's house, the neighbor has to use their own insurance. So it works the same for your case. Your insurance will cover your damages and the nieghbor's insurance will cover their own ceiling.

They are not the same. Homeowner's insurance insures the property: dwelling, personal property, other structures on the property, etc. Private mortgage insurance pays the mortgage in case of the death or disability of the mortgagor.

First, if you are renting the home you should not have a homeowners policy on it. In you homeowners policy it states that 90 days after you move out of your home the coverage ceases even if you keep paying the premium there is no coverage. Homeowners policies are only for owner occupied homes. If it is rented you should have a tenant occupied dwelling fire insurance policies. In any case the both policies exclude damage caused by occupants. And damage must be by a covered cause. None of which work. Sorry.

There is nothing special about a home insurance owner. It is simply a person that has insured their home which 99.9% of people who buy a house do. Without home insurance one has no protection in case of damage or theft.

Don't you have insurance? Perhaps your homeowners policy will cover the damage to your fence. Another alternative would be to sue your neighbor in small claims court. If the amount of damage exceeds the small-claims limit, you may have to bump your case up to the next level of civil court. And are you sure the car wasn't insured? yes, better hurry.

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