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Can a homeowners insurance policy drop the policy if no one is living in home and it is on the market to be sold?
Yes, If you have not the insurance company and endorsed the policy to vacant as required and they discover the vacancy they can cancel immediately and void all coverage retroactively to the date it became vacant. It's in the contract.
Same if you rent it out and don't notify them.
What else can I help you with?
Can homeowners insurance be replaced by another insurance?
If you are required to carry homeowners insurance by, say, the bank through which you have your loan, you can switch to another provider for insurance at any time (there are a few forms you would need to fill out, but your new agent would be able to help you with that). You wouldn't be able to switch to another kind of insurance, though. The new policy would need to be a homeowners policy.
What does home owner insurance not cover?
There are millions of things that a homeowners insurance policy does not cover. To find out what it does cover just read your policy, anything not on there is not covered.
If a home is unoccupied does it nullify the insurance?
Homeowners Insurance for Vacant Homes.Yes Homeowners Insurance is automatically null and void when a home becomes vacant. You should have a "Vacant property rider" added to your Homeowners Policy to ensure continuing coverage during a period of vacancy.
Can a commercial business insurance policy protect you if your personal pet bites someone?
No pet bites would be covered under your homeowners or renters insurance policy.
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.
How much will homeowners insurance pay for living expenses?
You have to review your policy limits. Every policy is different.
Will Homeowners insurance reimburse for mortgage during renovation?
NO, your homeowners policy will cover 'additional living expenses' but will not cover your mortgage.
Does a standard homeowners insurance policy cover the death of the insurer?
No, Homeowners Insurance does not provide the coverage of a life insurance policy.
Does a homeowners insurance policy have to have the name of the current owners on the policy?
Yes, of course. The current owners on the policy have to pay for the insurance policy, This is why this policy states that it is a homeowners policy.
Will homeowners insurance cover money stolen at assisted living?
You might want to check with your insurance agent, but cash, stocks, bonds and bullion are typically not covered under your homeowners insurance policy unless specifically scheduled.
Does homeowners insurance cover demolition?
Yes. That is covered on a homeowners policy.
Does homeowners cover a murder of a person on the policy?
Homeowners insurance does not generally cover the murder of a person listed on the policy. For that, you need life insurance.
Will homeowners insurance cover university student?
A homeowners insurance policy will cover the interests of the named insured on the policy. It does not matter if the insured is a student or not.
Is construction insurance normally a part of the homeowners insurance policy or a separate policy?
Separate
Are snowmobiles covered on your Homeowners insurance policy?
depending on you insurance company... I know my snowmobiles are covered on my homeowners
Does homeowners insurance cover sprinkler system?
Your homeowners insurance should cover damage to your sprinkler system if the cause of the damage is covered by your homeowners insurance policy such as fire, lightning, freezing of pipes, etc. Homeowners insurance is not a maintenance policy and will not cover mechanical failure of your system.
Is your car covered by homeowners insurance on their property?
No. Your Car is covered by your Auto Insurance Policy. It is never covered by a homeowners policy no matter whose property it is on.
