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Why does a homeowners insurance co take pictures of your house?
Wiki User
∙ 13y ago
It protects the insurance company from fraud. Any damage that already exists and shows in the pictures cannot be claimed later to get a "free" repair. Also if you add on to the house and don't notify the insurance company, the addition will not be covered.
Wiki User
∙ 13y ago
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Is it nessacary to get an art quote when buying homeowners insurance?
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.
When you purchase homeowners insurance why do they have to take pictures of the house and do they take just the outside or do they do the inside as well?
Insurance agencies take pictures of the outside of your home to document any previous damages. Whether they take pictures of the inside is at their discretion.
Does the homeowner take pictures for the insurance company or does the insurance company take pictures?
They take pictures of your house and it's additional structures along with entertainments such as a pool, jungle gym, trampoline, etc.. If you have animals on the premises they will usually take pics of them too.They basically just wanna see that the home is occupied and note any hazards on the property.
When an insurance company is dealing with a fire in your home how long would it take for the replacing of your home?
You will have to ask a Home Builder (Contractor) about how long it will take to rebuild your house. Your insurance company can usually resolve the claim portion withing 60 days. If you are having a disagreement with them then it could take longer. Your Homeowners Insurance company won't be rebuilding the house, they just pay the bill to whomever you choose to as the contractor to build the house for you.
Does your homeowners ins cover damage to your neighbors house from your leaky sewage?
No, your neighbour would have to call his own insurance company to get them to come in to take care of the sewage, unless you are some how negligent in the situation your insurance company will not help them.
What if you don't have homeowners insurance?
If you don't carry homeowners insurance and you have your home financed, you are breaking the contract and your bank will take out a forced place policy to cover their interest in the home and you will have to pay the premium which is far more than a homeowners policy. If it's not financed, you take the entire risk of loss upon yourself.
Can you submit your own pictures of the inside to buy homeowners insurance?
I don't know of any homeowners insurance carrier that requests an inspection of the interior of the home. We inspect the exterior and take photos of the outside only to submit to the carrier. The main concern of the insurance company is the condition of the roof and the overall maintenance of the property. If a person takes care of the outside of the house and show pride in ownership then the interior normally will show the same attention to maintenance. The exterior also gives us the measurements and therefore the square feet in order to calculate the replacement cost of the home.
How long does it take to be reimbursed for a theft loss claim on your homeowners insurance after EUO?
90 days
How to protect your property with homeowners insurance?
You have a home that is filled with furniture, clothes and other belongings. You worked many long years to build up equity in your home. Your home is the biggest investment you will make in your life. How do you protect that investment? If there is a fire and everything you own is lost, what can you do? In order to avoid winding up with nothing, you need to buy homeowners insurance as soon as you buy your home.If you are buying a new home, and you are getting a mortgage, then you have no choice but to buy homeowners insurance. The mortgage company or bank will make you buy homeowners insurance as part of the agreement to lend you money. They don’t want to lend money on a home that could possibly burn down. If your house burns and you have no insurance, then you and the bank would both be on the losing end. The bank can’t stay in business losing money.If you are paying cash for a home, you should still buy homeowners insurance. Once you know you are going to close on your home, get in touch with an insurance agent. If the company you deal with for car insurance also sells homeowners insurance, that is a good place to start. Have them give you an estimate for what the policy will cost. Get at lest two more estimates from other insurance companies.An insurance agent will ride by and look at your home from the outside, and most likely take a few photos of the house. You will have to provide them information on your personal goods and from there a quote will be worked out. Once he gets all the necessary information the agent will come up with the annual cost. There are variables that also come into play, such as how far your house is from the fire department or if there is a fire hydrant close to your home.Any type of insurance is a necessity, but homeowners insurance is the best insurance investment you can make. Buy homeowners insurance and protect your property and you investment. Don’t get caught uninsured
Would probably occur from under-coverage?
If you are found to be liable for damages in an accident and your insurance is insufficient to cover the cost, you will personally have to come up with the cash. The other driver in an accident (or their insurance company) may attach a lien on your house or other assets to obtain the amount in question. This is why homeowners generally take care to have larger amounts of car insurance, so they don't risk losing their house.
Would probably occur from under coverage?
If you are found to be liable for damages in an accident and your insurance is insufficient to cover the cost, you will personally have to come up with the cash. The other driver in an accident (or their insurance company) may attach a lien on your house or other assets to obtain the amount in question. This is why homeowners generally take care to have larger amounts of car insurance, so they don't risk losing their house.
Unoccupied Property Insurance Important for Vacant Homes?
Many homeowners believe that their insurance company will provide coverage for a house in which no one is living. This is true�but only to an extent. If your home is unoccupied for 30 days or more, you need unoccupied house insurance. If your insurance company discovers that no one is living in your home, your policy could be cancelled. Why? Unoccupied residences are prime targets for thieves and vandals, therefore making them high risk. Unoccupied house insurance is an attractive option for consumers who are moving, experiencing extended vacations, or have emergencies that take them away from their residence.
