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Homeowner's Insurance

Homeowner's insurance is a kind of property insurance, which offers both property and liability coverage. Here, a single premium covers all risks. It applies to private homes and requires that at least one of the insured occupies the home.

3,367 Questions

Does executor of the estate have to sign the new homeowners insurance policy with the beneficiaries?

As long as the estate is active and has not been probated, the beneficiaries have no interest in the home yet. Another issue here is that if no one is living in the home you cannot buy a homeowners policy on the home. Once the owner died the homeowners insurance is only good for 90 days after the home was no longer occupied, whether or not you are paying for the homeowners policy. The best you will get if it burns is a return of part of your premium. What you need to get is a Dwelling Fire policy and make sure it is listed as vacant. The answer to your question is whoever legally owns the home should sign the application. Once the estate is probated the home transfers ownership them the beneficiaries sign a new application for a homeowners application. To qualify for the homeowners policy the owner and occupant must be the same person or persons.

How do you dispute a home insurance mole claim?

Are you having a problem with moles or mold? This is a big difference. Mole is a small digging animal. Mold is a small fungus that grows in moist damp areas.

What is the average insurance cost for a home?

There is no such thing as an average home insurance cost. Every house has it's own risk factors.

The cost of home insurance is determined by many factors such as your region, past weather history of your area, the owners credit rating, number of claims you have filed in the past, number of claims filed on the home in the past, etc, etc,

If a neighbor's tree falls on my car?

This is the same situation as in the house question. If a storm causes a tree to fall and it hits your car then your car insurance will be the only avenue to pay for damages to your vehicle. The only way the neighbor could be at fault is if the tree was dead and if the neighbors knew it was dead and did nothing about removing the tree. You would have needed to send them a letter informing them of the tree as well and asking them to remove it to secure the liability on their part.

If a neighbor's tree falls on my house who is responsible?

If the tree was not dead already and clearly so then your insurance would pay for the damage to your house. A storm that causes the tree to fall is considered an "act of God" and the neighbor is therefore not responsible for the incident.

Can your home owners insurance cover structural damage in your home?

Depends on the specific insurance and the type of structural damage. The question is to vague to be answered adequately here.

Does homeowners insurance cover flooding in crawl space?

You always must determine the cause of the damage. What made the crawl space flood? If the cause is due to torrential rain then a homeowners policy will not cover this type of loss. What you would need here is a flood insurance policy. If for instance, a pipe burst, therefore causing the flooding of the crawl space, then the regular homeowner's policy will pay for the damages, except for the actual pay for the repair cost of the actual piece of the pipe.

Will A Standard Homeowner's Policy Cover Flood Damage?

In majority of states no. Special flood coverage has to be bought.

Does home owners insurance cover damage to a carpet due to furnace malfunction?

Most homeowner policies would have coverage for a fire loss. However I recommend that you get an estimate first for repair of the carpet. This is because carpet is pretty cheap these days and the cost may be below your deductible. If it is cheaper than your deductible then I'd just have it fixed myself. No point in having a claim on my history if the cost is below what I would have to pay anyway. If it's much above the deductible then I'd still have it fixed and send the bill to my insurer for reimbursement.

Does homeower insurance cover carbon monoxide leaks?

It just depends on what caused the leak.

Was the cause of the leak by a covered peril such as fire, wind, hail etc? If so, then yes it would be covered. If not, then it would not be covered.

Will homeowners insurance cover medical expenses to someone living in the home who is not listed as a homeowner?

No. The injured party cannot be a household member. It does not matter if they are not listed on the policy.

What reason willl home owners insurance pay for a new furnace?

If a broken pipe caused water to go in the furance and it no longer works is an example. Your homeowners insurance will not pay for wear and tear.

Who is liable when a neighbors tree falls?

It depends on what made the tree fall. If the tree is dead, then the owner of the tree is liable. If a tornado caused it to blow over it is considered a natural act and no one is liable.

How many uninsured homeowners are there?

Nobody that I know of tracks records for uninsured homes.

The best you could do is try to find out how many homes there are and how many are insured, from there you might be able to extrapolate an estimate of uninsured homes. I would not however go with the result as a firm number of uninsured because many people use international insurers, so those policies would not necessarily be counted by our domestic insurers. They simply would not be on the rolls of domestic insurers but that does not mean they are uninsured.

Does home insurance pay for home equity line of credit when you have a house fire?

No, it won't pay your mortgage note or your equity line note, but your homeowners insurance will pay to repair the fire damage to your home.

Does home insurance cover theft from a car in driveway?

Yes, if it is personal items not attached to the vehicle that is stolen (such as a laptop). If it attached to the vehicle (stereo, tires) it would go under the auto insurance policy. Also, the items must be owned by the policyholder.

Need copy of condo insurance policy?

A homeowners policy for the owner of a condominium would be form HO-6. This is the policy that you would ask for. It covers the items owned by the condo-owner which is usually from the sheetrock inward. This would include the paint or wallpaper, flooring, and everything else inside the home plus a share of the common items shared by members of the condo association. These items are usually the roof, the landscaping, roads, parking, swimming pools, common rooms or meeting areas.

While this is generally true, it may not answer the question. You should be able to obtain a copy of the master policy from the condo association. You can certainly get a copy of your own HO-6 from your own insurance agent.

Do you need to carry home insurance?

Thats really a matter of personal opinion and choices. But if you have a mortgage note, you almost certainly need it because it is part of your mortgage contract that you signed when you took out the financing on the house. If your home is paid off then it's a personal decision that the home owner has to make for temselves.

Does your home insurance cover damage to your car from falling tiles during a storm?

No, Homeowners insurance does not cover damages to your automobile.

Your home insurance policy is property insurance for the specified structures and real property listed on the policy.

Cars are not listed as covered property on your home insurance policy, that's what auto insurance is for.