Yes, it will. The Insurance company owes you a similar type home in the same area if possible for the reasonable time it takes to repair your home. You must ask for this however, or they will offer to put you up in a hotel. If you need to stay in a hotel, ask for a suite where you can do your own cooking, cleaning and laundry. Sometimes it may be necessary to pay for the accomidation and then ask the Insurance Company for a reimbursement. Note: The repair of your home will probally take longer than expected, so be sure to document all delays by the insurance company in order to combat them saying that you are delaying in getting your home fixed. One other item: You will be money (and have less stress) ahead to engage a Public Adjuster for 10 - 15% of the settlement, the average settlement is 42% higher when a Public Adjuster is involved!
It is possible that you have to be occupying the house to be covered by insurance. They see it as unprotected by the owner and anything could happen to it. I cant possibly be the first person to try and insure a property Im not occupying. Homeowners insurance covers your home, and a house you are renting to someone else is not your home. It can be insured, but you need a different policy.
Homeowners can make a profit on the sale of their home.
in general yes but you wouldn't be receiving the same type of policy if the owner is not living there (example you wouldn't need personal property coverage since your property would be at your primary residence).
Renters insurance is a form of homeowners insurance. The form is HO-4. I assume that you mean the policy that the person renting purchases to cover their belongings and liability. Most all homeowners policies offer a wide variety of deductible choices usually ranging from $250 to $5000. The higher the deductible you choose the less the cost of the policy because you are assuming some of the risk for small claims. Most insurance companies have or are moving to increase their minimum deductible to $500. Look on your declarations page on the front of the policy and it should tell you the deductible.
The homeowners insurance would need notification.I would notify both cause actually both the renter and the owner can be at risk as far as liability. I would recommend increasing your liability limit to at least 300K if its not there already.
I don't really understand what you would expect the homeowners policy to pay for in this situation. Homeowners insurance is not life insurance and does not provide any type of such coverage.
If you have homeowners insurance I would call them and they can recommend the best person for you. If you are renting then it will be your landlord's job to fix it and you should call them.
There are no mandatory legal requirements for insurance for rented property. However it is advisable to review your homeowners insurance if renting out the property or part of it is covered. If it isn't covered you should get a landlord insurance policy in order to be safe.
The dwelling Owners policy does not cover the property or liability of a tenant. Rental dwellings are covered under a Dwelling Policy that covers rental properties not a homeowners policy. If the tenant seeks coverage, the tenant must buy his own Renters Insurance Policy.
It is possible that you have to be occupying the house to be covered by insurance. They see it as unprotected by the owner and anything could happen to it. I cant possibly be the first person to try and insure a property Im not occupying. Homeowners insurance covers your home, and a house you are renting to someone else is not your home. It can be insured, but you need a different policy.
mostly you should be covered by the renting agency's insurance for the drivers of their cars. Please check
Yes. Term insurance is like renting insurance.
Contact your car insurance agent. They will be able to help you with this.
Since your regular car insurance will probably not cover it, you will most likely need to purchase insurance from whomever you are renting the moving truck with.
In Texas, when you are renting a car, it is required that you have both auto insurance, and home owner's insurance. If you submit proof of both, there is no problem with the car rental.
yes
Homeowners can make a profit on the sale of their home.