Homeowner's Insurance

If the fire damage has been repaired, you can get homeowners insurance from any company of your choosing.

It depends on what type of repairs you are talking about and what type of insurance you need. I assume that you have been denied insurance due to the condition of the home, right? Talk with your agent or another agent and be up front about the situation. You probably will not be able to purchase homeowners insurance but may be able to purchase some other type of insurance on the home while you do repairs. Homeowners is only for a house that you as the owner currently live in and lack of repairs shows the company no "pride of ownership" which is a big deal. If you don't care about the house, this is not one they want to insure. Talk to the agent about the situation and it's best if you deal with an Independent Insurance Agent so that they will have several companies to choose from in helping you.

Deciding to purchase a home warranty is your decision and you have to choose whether it is the right route to take. Having a home warranty takes away large expenses up front when things break, and if you are just buying a home, paying for a broken appliance a month after you move may not be in the budget. For first-time home buyers, a home warranty is a great idea, as it takes away some of the stresses associated with dealing with repairs or replacements. When you have a home warranty and an appliance breaks or your plumbing needs repairs, the warranty company will take care of the cost of fixing the issue as well as finding someone to do so.

If some company or information provider such as a credit bureau has inaccurate information on you, you would need to contact that company to have that erroneous information corrected. Otherwise you will likely have more insurance companies deny you coverage based on the same erroneous information.

The insurance company is not responsible for inaccurate information maintained by a totally separate business entity such as a credit bureau.

Call your city hall or fire department and they will know what the protection class is for your city. If you are within 1000 feet of a fire hydrant and within 5 miles of the fire department you get the city class. If you are over 1000 feet from a hydrant but withing 5 miles of a fire department you are class 9. If you are over 5 miles from a fire department then you are a class 10.

No. The utility company is responsible for the repair of your driveway, not your insurance. I'm also pretty sure that a driveway technically is not considered part of your home and is not covered under most policies. Check your policy to see what is and is not covered.

No, the lender is the party that requires insurance at closing because they have an interest in the property due to the loan they are providing for purchase. Since there is no lender, no homeowner's would be REQUIRED. However, since YOU have an insurable interest (because ALL of your cash is tied up in the house) , I would highly advise ppurchasing coverage for your home!

Refer to your home insurance policy.

It depends on why the stained glass is broken. Your home insurance covers property damage from such things as Wind, Hail, Fire.

Most likely the cost of fixing a broken glass is far below your insurance deductible.

Yes, if the line of credit is a home equity line where the home is the collateral for the loan then you will have to prove that you have insurance on the home for the home equity loan. Any time you use collateral for a loan then part of the loan agreement will involve proof of insurance on the collateral.

It depends on the policy language and limits listed on your policy.

You should read your policy for or contact your insurance agent for clarification if you don't understand it.

All policies are not the same so it depends on the policy type and coverage limits you selected when you purchased your policy.

$42,545.95 My answer is as useless as the question is, right? Your insurance agent can figure the approximate replacement cost of your home using a replacement cost computer program guide. The replacement cost estimators that the insurance industry use will overestimate the rebuilding cost somewhat but they would much rather be 10% high than 10% low on the cost estimator. If you have a replacement cost policy it will increase your coverage a small amount each year based on an index that figures any increase or decrease in replacement cost down to your exact zip code.

Generally all your escrow does is to pay the homeowners insurance when the insurance company bills for the renewal. The bank does not select your homeowners insurance for you. You would purchase the insurance of your choice and tell the agent to set it up for mortgagee bill meaning the renewal bills would be sent directly to the escrow provider. Your escrow account also pays your property taxes. Make sure that you do not have two separate policies. The only thing that would happen if you had two policies and had a fire is that they would split payment of the claim as described in the policy under the coordination of benefits. You cannot make a profit by having more than one policy. It is actually illegal to even try such and you would be charged, fined, and imprisoned.

No. That's an owners maintenance issue.

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.

Pests, Insects, fumigation and bug spraying are part of a property owners usual and expected maintenance costs.

Homeowners insurance does not cover maintenance.

A well pump is covered property as part of the home. As always, the key is the cause of loss and not just that the item is damaged. Probably the main covered way for a well pump to be damaged is through lightening damage.

It depends on the cause of the power failure and the loss you suffer. For instance, if a storm causes the power failure, and it stays out for 3 days whereby your freezer defrosts causing a side of beef and food to ruin that you paid $1200 for, then yes you would have coverage. If the power goes out for 3 hours and the freezer did not defrost and you had no loss then there would be no need as no loss occurred.

Probably. I assume you mean a payment for a claim for damage. You need to contact your second mortgagee and confer with them about this issue. The reason for putting the mortgagee on the check is to be sure that the repairs are done in order to protect them by keeping the collateral in good repair.

A Met Life homeowners policy is a standard homeowners policy and would be the same as most other policies. Damage due to improper workmanship or settling of the home would not be covered on any homeowners policy. Loss must be due to a covered cause in order for the loss to be covered on the policy. Neither of these items are a covered cause.

No, that's what car insurance is for.

If someone hit your car, that person is the one liable for your damages, not the property owner where it was parked.

No. If it's discontinued, that means it may no longer be possible to buy that product nor match it.

Most insurance policy language specifically exclude match issues from coverage.

Generally one would cancel a home insurance policy whenever one decides they no longer need it, such as sold the home or the home no longer exists, etc.

How much does the average home in California cost? These types of questions are impossible to answer and if I gave you and answer it would be useless to as well. There are eight different homeowners forms for different situations and so many different variables that homeowners policy premiums probably would range from $150 to $20,000 and I am just guessing. Some of the variables include Policy Form, Amount of Coverage, Fore Protection Class, Zip Code, Credit Rating, Deductible, Replacement Cost or Not, Special Endorsements, and many, many, others.