Homeowner's Insurance

Some policies are still available that will cover certain mold claims. It really just d epends on teh policy type you purchased. An HO5 Policy willl likely cover a mold loss whereas an HO1 will probably not offer mold coverage.

If you mean a home that is in a Trust such as a Family Trust, then the trust manager, executor or administrator of said trust would be the person responsible for obtaining insurance coverage for the home and any other property entrusted to their care.

Create an inventory of your belongings (pictures and receipts if you have them) and add up the value. There are several levels of insurance that should do, particularly if you do not own jewelry.

During the first 60 days of your policy term, yes they can change the offering terms if they perceive a change in risk hazards. Once the 60 days has passed, they can only propose changes at renewal time for your policy.

You are not required to accept the change in terms, but bear in mind that the company also is not required to renew the policy if you do not agree to the new terms.

Most homeowners insurance does not increase rates due to claims. However, claims do determine whether or not a company continues to renew your policy. Especially now, if you are cancelled it is much harder to get home insurance.

You just have to ask them if they have insurance on the house. There is no other way to find out as all insurance information is protected under both state and federal privacy laws. Homeowners insurance and policy information is "not" a matter of public record.

If you mean on the same property, no they won't. It is illegal to carry two policies on the same property. The illegality is on the person not the insurance company. Why would you want to carry two policies. All they will do is to coordinate the benefits and pay half of the claim each, therefore you will not collect any more than the claim.

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.

No. Insurance benefits from a house fire would be considered a swap of assets. You cannot take a deductible loss on your taxes for the loss that was reimbursed by insurance.

You Can't. When we buy home owners insurance we basically have two options for the coverage type.

1. RCV, Replacement Value
2. ACV, or depreciated Value

If you purchased an RCV ( replacement ) policy then the company will pay the amount needed to either repair or replace the property within the policy limits you purchased..

If you purchased an ACV (depreciated Value) policy then they will pay the amount needed to repair the property or they will pay you the depreciated cash value of the property if not repairable whichever is less and within policy limits.

Landlords Insurance covers the property owners interest in the property and structure. It doe snot cover the property nor the liabilities of the tenant. The extent of coverage provided is dependent on the options chosen by the insured.

With proper ventilation there will be little difference. Without ventilation the oxygen level will decrease slightly if the room is occupied.

PPC Codes are the Intellectual property of ISO Services so we can not post them here.

The best thing to do is to call your fire department or local government office. ISO (Insurance Services Office) handles the inspection and rating of fire departments but calling the city hall or the fire department is the easiest way to get the information.

It all depends on what you agree to. They can come and go as per agreement

It would result in a slightly lower payment.

All areas are rated as far as there fire department and water system. The State rates the fire department according to certain guidelines standard across the United States. To have the fire rating of your closest fire department you must be within five road miles of the fire department and be within 1000 feet of a fire hydrant. If you are within 5 miles of the fire department but not within 1000 feet of a hydrant your fire protections class will be a 9. If you are more than 5 miles of a fire department you are a class 10. A class 5 is a rather good fire department rating and will result in better than average fire insurance rates. I have not seen a fire department made up of volunteer firemen with a better fire rating than a 5.

This is defined as the cost to repair without regard to depreciation. All the homeowners policies that I have seen have a cap of 4 time the ACV or the policy limit, whichever is less. When you have a full replacement cost policy you also have the requirement to carry full replacement cost value on your policy at 100%. What this means is that if you don't have enough coverage to pay the full replacement cost, then you will be penalized on every claim whether large or small. For this reason, you only want to carry full replacement cost if you are sure that you have enough coverage to avoid the penalty.

It should cover your loss anywhere in the world as long as you are traveling up to the limit on your policy. Look for a clause in your policy titled "Personal Property off Premises" and it will tell you. Normally the limit is your actual loss up to 10% of your Coverage C limit.

Wikipedia defines it as "A property owner may purchase insurance to indemnify against the loss of use of property, especially real property, such as a home, office, or business premises." Visit www(.)gibl(.)in for more info

Just contact an experienced insurance agent in the state in which the home is located.

Any experienced agent should be able to guide you in obtaining proper insurance for the home. If your inheritance is still in probate then you may need to coordinate with the estate executor unless of course the executor is you. If not in probate then it just depends on how the ownership is currently styled as to what names or entities you need to schedule for coverage.

A good Insurance agent will know how to properly style the coverage for your situation.


You need to own the house first. If it is still in the unsettle estate, the Administrator or Executor of the Estate would have the ability to insure the property. You will need to talk with the Insurance Agent to get pricing and what needs to be done. If the estate has not been settled then the estate can purchase a policy to cover the home. It will be listed as Estate of ____________ on the policy and the person in charge of the estate will have to handle the details with the agent.

The Coverage A section of your policy covers the home itself. Damage from a tree falling whether on your property or off your property would be covered by this coverage less your deductible.

If the neighbors tree was dead and the neighbor knew or should have known it was in this condition, then the neighbor may be liable for the damage under his policy's liability section. This would be determined if it was decided that he was negligent by not taking down the tree beforehand. In this case there would be no deductible paid by you. Also, if your policy paid for the damages, they may decide that liability exists on the neighbors part and recoup the damages from the neighbor's policy. If this occurs your deductible would be reimbursed to you when damages are collected from the neighbor or his policy.

The style of the home is not significant in the cost of building your home.. More important is the Size or total square footage of the home you are wanting to build.

In the United States current estimates are between 80 and 110 dollars per square foot of home for construction costs. It does not matter much what the style is gong t be as that is simply aesthetics.

No it will not. You have to purchase a policy specifically for the RV. You homeowners policy excludes self propelled vehicles of any kind except for lawnmower used for the upkeep of that property exclusively and golf carts. Any others like cars, trucks, RVs, ATVs, boats over a certain size limit, and anything else will be excluded from coverage on the homeowners policy.

No. RVs require their own insurance policies.

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