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What is commission rate for home-owner's insurance?

Updated: 8/20/2019
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10y ago

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The commission rate is the commission earned by the agent or broker who places the policy wit the company.

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10y ago
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Does homeowners insurance cover your mortgage if you are laid off?

No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.


Will your homeowners insurance go up if you file a claim?

Usually not. Most companies do not rate up for a claim. However, at this time it is very hard to get homeowners insurance at a good rate if you are cancelled by another company or if you have claims it is hard to move to another company. Insurance goes in cycles. For the past few years insurance companies have been loosing money on homeowners insurance so they have become much more careful with their underwriting. It is easier to get car insurance than home insurance. Most companies will not even write home insurance unless you also give them your auto insurance.


Does homeowners' liability insurance cover personal injury on another property?

No, your Homeowners Insurance will not. Your Medical Insurance Will.


Will the homeowners insurance go up if spouse dies?

No. This will have nothing to do with the price of the homeowners insurance.


Does homeowners insurance continue after the owners death?

Homeowners insurance will continue after an owners death. The Homeowners insurance policy will typically be paid for by the executor of the estate and become his or her responsibility.


Does homeowners insurance cover slashed tires?

NO. Homeowners insurance policies do not provide coverage for automobiles. That's what auto insurance is for.


Does a standard homeowners insurance policy cover the death of the insurer?

No, Homeowners Insurance does not provide the coverage of a life insurance policy.


Will homeowners insurance cover the damages to a uninsured vehicle on the property?

No, homeowners insurance excludes vehicles.


Does homeowners insurance cover vandalism to a visitors car in your driveway?

No. Homeowners Insurance does not coverage for automobiles.


Does homeowners insurance cover foreclosure?

No. Homeowners Insurance does not cover the owners default on a mortgage note.