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What else can I help you with?
What does hazard insurance mean in a mortgage?
It's referencing your House insurance. Homeowners insurance is also known as a Home Hazard Insurance Policy.
What happens to homes when parents are deceased and still owe the bank?
In some cases the loan customers would have some type of insurance that would protect the deceased persons family in case of his unexpected demise. If so the insurance proceeds would be used to pay off the mortgage and the family members would retain the house. If that is not the case then, the bank can ask the survivors of the deceased to pay off the loan. Which if they fail, the bank can take posession of the home, sell it and recover its loan amount.
Does insurance company have to pay mortgage if house fire?
NO, not unless it is a total loss. If your house is being repaired by your insurance policy you must continue to make your mortgage payments.
Do you have to pay capital gains tax on your deceased fathers house when you sell?
Do you have to pay taxes on deceased mother's house when it sells
Does PMI pay the forclosed house off?
i believe it does pay the mortgagee, and satisfies it with them, but doesn't absolve you of repayment (what is left after they sell the house).........but i'd call (or read the policy) on your mortgage insurance
Can you get homeowners insurance if the owner of the house is deceased?
Yes, The Heirs can buy the policy or the Estate executor can buy a home insurance policy.
Can I transfer my Corpus Christi home insurance policy to my new house in Detroit, Michigan?
Yes is my answer, because home insurance policy can be shifted
What does homeowners insurance pay for in case of damage to your house?
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.
What is typically covered in your house insurance policy?
The typical house insurance policy covers damage to your property and personal liability coverage. Damage to your property includes fire, lightning, tornado, and hurricanes.
What is the job performed by house insurance brokers?
The role of a house insurance broker is simple: They sell or negotiate insurance for compensation on damage to houses; or depending on the policy the contents.
What if neighbor's house catch on fire then yours but your neighbor has no insurance?
If you have fire insurance on your own home you will be covered under your own policy. You don't need to worry about whether the neighbors house has insurance or not. It does not affect the coverage you have under your own policy.
What is House policy?
a set of procedures and strategies for the service of alcohol. --------------------------------------------------------------------------------------- Or an insurance policy on the fabric and or contents of a house. ----------------------------------------------------------------------------------------- Or a government strategy on the provision of housing.
What is a house policy?
a set of procedures and strategies for the service of alcohol. --------------------------------------------------------------------------------------- Or an insurance policy on the fabric and or contents of a house. ----------------------------------------------------------------------------------------- Or a government strategy on the provision of housing.
What does hazard insurance mean in a mortgage?
It's referencing your House insurance. Homeowners insurance is also known as a Home Hazard Insurance Policy.
Does cheap house insurance cover everything that more expensive insurance does?
You should consider the type of policy you are getting. A named peril policy covers less than an comprehensive policy does.
What is different about AA house insurance than any other one?
The difference between AA house insurance is that compared to other insurance providers, AA provides more coverage for one's house for the cost of such a insurance policy.
What happens to homes when parents are deceased and still owe the bank?
In some cases the loan customers would have some type of insurance that would protect the deceased persons family in case of his unexpected demise. If so the insurance proceeds would be used to pay off the mortgage and the family members would retain the house. If that is not the case then, the bank can ask the survivors of the deceased to pay off the loan. Which if they fail, the bank can take posession of the home, sell it and recover its loan amount.
