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Yes, it is possible to insure your house for more than its current market value. This is because insurance coverage is based on the cost to rebuild the home, not its market value.

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7mo ago

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Is a person required by law to insure his or her house and car?

Most places you are required to insure your car to protect anyone you may hit or injure. Most mortgages require you to insure your house. If you do not have a mortgage there is no requirement, other than stupidity.


Is it possible to buy a house now and refinance later?

Yes, it is possible to buy a house now and refinance it later. Refinancing involves replacing your current mortgage with a new one, which can help you secure a better interest rate or loan terms.


How much equity does Lisa have in her house?

To determine how much equity Lisa has in her house, you need to subtract the outstanding mortgage balance from the current market value of the property. For example, if her house is worth $300,000 and she owes $200,000 on her mortgage, her equity would be $100,000. If you provide specific figures for the market value and mortgage balance, I can give you a more precise calculation.


Can you explain the process of a house trade in?

A house trade-in is when a homeowner sells their current home to a builder or developer in exchange for a new home. The homeowner typically trades in their existing property as part of the payment for the new home. This process can simplify the buying and selling process for the homeowner, as they don't have to worry about selling their current home on the open market.


When your house for sale was already off from the market can you refinance?

Whether your house is still on the market or not, the real question to ask is 'Do you qualify for refinancing?

Related Questions

Can you insure the house you live in but do not own?

Assuming you're renting it, it is possible to obtain renter's insurance.


Can you insure a house that's in the estate of?

The executor should make sure that insurance is current on property in the estate.


How do you know how much to insure your house for?

To determine how much to insure your house for, assess its replacement cost, which is the amount needed to rebuild it from scratch in case of a total loss. This includes considering the costs of materials, labor, and any additional features like landscaping or custom installations. You can also consult a professional appraiser or use online calculators provided by insurance companies. Additionally, review local market conditions and recent sales of comparable homes to ensure your coverage reflects current values.


Is a person required by law to insure his or her house and car?

Most places you are required to insure your car to protect anyone you may hit or injure. Most mortgages require you to insure your house. If you do not have a mortgage there is no requirement, other than stupidity.


Can you insure a house with mold?

Yes, but the premiums will be higher.


How much to insure your west highland terrier?

Unless your Westie is one of the breadwinners of the house, I would not insure it at all.


Where can one obtain BMW insurance?

"Every major insurance provider will insure a BMW. If you own a house or vehicle already, I would contact your current insurance agent first to get a quote!"


How do you have more than one house without builder club on roblox?

At the current moment this is not possible.


How much would you insure your house if it is appraised at 75000 initially?

You need to insure it at replacement cost not value or appraised value. Call your agent.


What are the different house plans available for purchase in the current real estate market?

In the current real estate market, there are various types of house plans available for purchase, including single-family homes, townhouses, condominiums, and apartments. Each type of house plan offers different features and amenities to suit different preferences and lifestyles. Buyers can choose from a range of options based on their needs and budget.


Do you insure mobile homes?

Yes, you should and it is a lot less than a real house.


When was Market House Museum created?

Market House Museum was created in 1979.