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Wimpey no-fines houses are generally treated, for insurance purposes, the same as houses made of brick. Most insurers do not ask you which type of construction the house is as long as it's brick or concrete. It's when you start insuring wood, metal etc that you may have problems. Many people seriously misunderstand Wimpey no-fines housing.
What else can I help you with?
Is it possible to insure your house for more than its current market value?
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.
Your mortgage company wants you to insure for the value of the loan but you think insurance should only cover the replacement cost of the structure what is the minimum coverage required?
You have to have it insured for at least the amount of mortgage. That is the mortgage companies "insurance" that it will be paid for if it is totally destroyed.AnswerIf you agreed to insure your house for the amount of the mortgage when you obtained your mortgage then you are bound by that agreement and will have no choice but to comply. Actually, the purpose of homeowner's insurance is not to insure the loan, it's to insure the property. You cannot purchase more than the replacement cost of the house. In the event of a total loss, you will only be paid the cost to replace the house up to the limit shown in the declarations, regardless of what the loan amount is. It is against the law for a mortgage company to require you to secure insurance for the value of the loan. They can be fined.
Do you have to insure your home for more than the mortgage balance?
To the insurance company, your mortgage balance has no impact on how much insurance coverage you need for your home. Homeowners insurance is based on the replacement/reconstruction cost of your home.
Why is cost important in business?
because the lower the cost the more profit the business makes profit = revenue - cost
Can safety stock be negative?
yes it can be negative when the cost of carrying is more than the cost of reordering
Does it cost more to insure a salvage vehicle?
no it doesn't cost more,but your car is not vauled the same.
Does it cost much more to insure 2 cars?
yes of course.
Does it cost more to insure an sri than a normal car?
Yes
Does it cost more to insure a conversion van?
Yes a conversion van will cost more to insure than a traditional mini van or cargo van. A conversion van has a higher value and is thus more costly too replace if lost.
How much does it cost to insure a Toyota Corolla?
check with your insurance company. Typically economy cars like the Corolla cost much less to insure than larger more expensive models.
Does a category d insurance loss car cost more to insure?
What is a category D car
Can you insure a home for more than duplication cost?
No. It is a Federal Crime ( a felony ) to profit from an insured loss.
How much does a package weighing 35 oz cost?
For what? To mail? To insure? To overnight? Please be more specific!
Would it cost more to insure a 2004 Isuzu Rodeo or a 2000 Ford Mustang?
The 2004 Isuzu Rodeo is $ 136.00 more where I am
Why would it cost more to insure an expensive sports car than an economy car?
Higher theft rate, higher probability of an accident, more expensive to repair.
Are Kawasaki motorbikes expensive to own and insure?
The Kawasaki motorbikes are extremely expensive not only to own but also to insure. But if you have the sports edition it is going cost you a goood bit more to get insurance on it.
Are imported cars expensive to insure?
Imported cars are generally more expensive to insure. This is due to having to pay for the extra cost of shipping over parts in case an accident occurs.
