Homeowner's Insurance

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.

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.

Insurance companies are in the business in accepting your risk in exchange for an insurance premium. You have the risk of loss in loosing your home to fire, theft, windstorm, flood, lightning, etc and by purchasing a policy you are transferring this risk of loss to the insurance company who agrees to rebuild your home or give you the funds to do so. The liability coverage also transfers the risk of liability loss from yourself to the insurance company. If someone came to your home and was injured on your steps by falling and you were negligent by not securing the steps properly and putting sturdy handrails on the steps. The insurance company protects you by providing your defense costs plus it pays any damages to the claimant if you are found negligent and required to pay a judgement by the courts.

No one is liable for an act of nature

Presumably, The tenant signed a lease agreement.

Most landlords specify in the lease agreement that the tenant purchase there own insurance to cover the tenants and the landlords interest in the property being leased. This clarifies for the tenant that they are responsible for their own property as well as liable for any un-repaired damages to the owners property.

The deductible is the part of the loss that the policyholder is responsible for paying before the insurance company pays the remainder of the loss.

No, homeowners insurance pays for damages and losses due to certain hazards listed on the policy. Typically, Fire, wind, Hail, falling objects etc, But it will not pay the mortgage note nor pay the house off due to the death of a buyer.

That would depend on which Insurance Company rates your asking about. They are all different.

Some companies and some geographic regions have had rate increases while others have had rate decreases.

It should be but the premiums may be higher or there may be some exclusions applied.

No the enclosed attached porch is part of the home itself. No if the porch was an unattached stand-alone building it would fall under the appurtenant structures section of the policy.

Claims records are kept on both the property and the policy owner. It can be on both. It just depends on the nature of the claim as to whether it would be counted against you.

Weather related claims are typically not assessed at all as these are beyond our control.

Claims that result from poor maintenance or neglect and certain liability claims can carry over and be assessed even when a new home is purchased.

The answer basically depends on the type of policy you have as well as the reason for your water pumps failure.

Mechanical break down would not be covered. However depending on the type of policy your purchased, if the pump was damaged by a covered peril such as fire, wind, hail, lightning etc then it could be a covered loss.

the Best option is simply to contact your insurance company or your insurance agent and ask them if it's covered.

Remember that the most economical policies may not offer the broadest scope of coverage.

Masonite is an outdated product removed from the market due to defect. It basically has no value. Zero Value equals Zero insurability.

I don't know of an insurer that would provide coverage for Masonite siding.

No. Although it may certqinly be advisable to get an insurance policy to protect your investment, there is no legal requirement that you do so.

It would depend on what they damaged.

If damage is to your homes structure then it is probably covered. However, The insurer may require you resolve any ground hog infestation before they fix the house. It wouldn't do much good to fix it if the ground hogs are going to be allowed to stay and damage it again.

Normally no, a personal lines home insurance policy does not provide coverage for your business interest.

However, you should talk with your insurance agent. Some insurance companies will offer a rider to cover a small home based business while others will not. Some insurer will cancel your policy immediately if they find commercial activities at your home as this greatly increases the risk assumed by the company.

Termites and pest control is a maintenance item and is not covered by home insurance.

You can buy insurance on whether or not it will rain tomorrow. This is just to show that you can insure anything. Now for your question. I'm not sure I completely understand it. You cannot insure something that you don't own so if you mean can you insure a home that you are paying rent to live in then no. You can purchase a homeowners policy to insure your contents inside the home as well as your liability should you be sued by someone hurt on the property. This would be an HO-4 policy form. If you are asking if you can insure a home you are renting to someone else for them to live in then the answer is also yes. You would need a dwelling fire policy that stipulates it is tenant occupied which can be a DP-1, DP-2, or DP-3 depending on the condition of the property and the coverage you desire. You will also want to make sure you endorse the policy to provide liability coverage as well and to cover any property inside the home that you own.

No. Why would an insurance company cancel your policy without any reason? Depending on the state that you live in and the regulations in your state will determine how and under what circumstances a company would cancel your insurance policy. Normally they have to give you a certain amount of notice before cancelling your policy. For instance, if you fail to pay your premium the notice would be 10 days from the date they mail you the notice. If you have excessive claims or fail to maintain the property, they would have to non-renew the policy meaning they could not cancel it until the next renewal date and must give you 60 days notice for the non-renewal. Dates and reason vary based on the State you live in and the regulations.

Sure. You will need to make certain that you let the new owner know of the damage and of the pending claim. It will also need to be clear to the new owner that he will not receive the proceeds from the claim. As long as everything is made clear up front you should have no problem.

There are many, many insurance companies who sell homeowners insurance in the state of Georgia. It gets a little harder at the coast as in every state. Homeowners insurance itself is a little harder to get in the past few years because of the losses that insurance companies have had. It goes in cycles whereas insurance companies want more auto insurance for a while then home insurance and then back in forth again. You sometimes have better luck placing both your auto and home insurance with the same company if you are having trouble now. I own an insurance agency in Middle Georgia and recommend that you go to an Independent Agency who handles many different companies and are not just subject to the practices of a single company.

Property and Liability

Your insurance will pay the contractor. The contractor gets the required permits. The contractor will have already factored in the cost of any permits needed to make your repairs into his bid for the job.

there are a few different numbers you should contact depending on your situation. I would begin by contacting your agent/company, they will get you started, and will likely be able to provide you with the most accurate information for your situation. Then, if you have a mortgage on the home, you should contact your mortgage company's claims department. This department will work with your insurance company to verify that the appropriate repairs are completed.

No, this would no be covered. The cause of the damage must be a covered cause such as fire, windstorm, theft, etc.