Homeowner's Insurance

A homeowners insurance policy should be in the name of the owner(s) of the property as listed on the property deed. Also considered to be insured under the policy are all household residents. Children who are immediate family members and who are temporaily away at boarding school or college are still members of the household.

In the United States, theft from one's banking account is covered by your bank and is backed as well as by the FDIC for member banks.

Probably not. German Shepherds are one of the breeds listed on the homeowners applications that are excluded from issuance of a homeowners policy. Also excluded are those who own a trampoline, due to the increased risk of liability.

It depends on your needs. Under the terms of guaranteed replacement policies you agree to carry enough insurance to cover 100% of the cost to replace the home. If you don't carry that amount you will be penalized on partial claims as well as total losses. Say you have a home built in 1850. Replacement cost to rebuild the home exactly like it was originally may be $600,000 but you only paid $150,000 for the home and that's what you want to insure it for. If you have an HO-3, replacement cost policy, you will have to carry at least 80% of the $600,000 cost to rebuild. You can buy a HO-8 policy which requires 80% of actual cash value and allows you to insure it for $150,000. If it burns down or a tornado destroys the home you will be paid $150,000 which will allow you to purchase another home and the premium is much less.

No, You just need to call the utility company. They will take care of their pole.

If a car hit the pole, The drivers auto liability insurance could pay the utility pole owner for the cost of repairs.

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.

It just depends on whether you scheduled your diamond ring for coverage on your policy.

If the diamond ring was scheduled as a covered item on your home insurance policy then it will be covered.

If you did not schedule the ring and or did not pay the premium for fine jewelry coverage then no, it will not be covered.

It just depends on why you have a roof leak.

If your roof was damaged by a covered peril such as fire lightning etc. Then your Homeowners insurance would cover the damage.

If your roof is old and worn out, it just needs to be replaced and would not be covered by your homeowners insurance. Roofs require the home owners maintenance and upkeep along with replacement every 20 years or so. It's just part of the cost of owning a home. Failure to engage in expected normal maintenance of your home can be interpreted as a moral hazard and can result in cancellation of your homes insurance policy.

If your roof is fairly new and you just have a leak with no visible damage, then it is most likely the result of faulty workmanship and again, not covered by your home insurance policy.

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.

Umm... there are so many of them. We have ATV and i tell you that this one is the best..

Non-replacement cost coverage, often referred to as actual cash value (ACV) coverage, compensates policyholders for the current market value of an item at the time of a loss, rather than the cost to replace it with a new equivalent item. This means that depreciation is factored into the payout, leading to potentially lower compensation than what it would cost to buy a new item. This type of coverage is commonly found in homeowners and auto insurance policies. It can be more affordable than replacement cost coverage, but it may leave policyholders underinsured in the event of a loss.

No. If you have a loss the company will replace damaged items with same kind and quality. If you want to upgrade the eg. carpet or cabinets you will have to pay the additional cost yourself.

No. All homeowners insurance polices in the United States have language that specifically excludes coverage for Asbestos Abatement.

None.

If you sell your home, you report that to your home insurance company and request cancellation of the policy as it is no longer needed.

You will then be entitled to a refund of any unearned portion of the remainder of your policy term but you would not be refunded for the period of time that the home was still covered.

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.

If you have fire insurance on your own home you will be covered under your own policy.

You don't need to worry about whether the neighbors house has insurance or not. It does not affect the coverage you have under your own policy.

Call your fire department, city hall, or insurance agent. Note that the protection class is not just decided by your zip code. The zip code is one factor, road miles from the fire department, and feet from a fire hydrant.

No. This sounds like a maintenance item and not a covered cause.

No. First, if you are renting the home, you cannot insure it under a homeowners policy. If the home is not owner occupied for 90 days coverage ceases immediately. You must have the correct property policy for the right situation. If the home is rented you need a tenant occupied dwelling fire policy to cover the home. Be very careful that you notify your agent of any changes in your use or anything else about your property.

Just like with any other insurance product, there is an application that you will complete. The application and policy together become a legal and binding contract. If you do not tell the truth on the application it can be deemed as material misrepresentation and can be a reason to void the contract so it is important that you tell the truth when answering all questions on the application.

My agent in MD (at the time-10 yrs ago) advised me that my homeowners insurance would not cover workers who by law were supposed to be covered by worker's compensation. I had a very skilled, reliable friend who would have installed a large roof for me for half the price of a fully licensed contractor who gave me proof of being in compliance with all licensing and insurance requirements.

To the best of my knowledge in the three states in which I have lived, maintaining a valid contractor license does not include a requirement to maintain valid worker's compensation insurance.

The chances of having a serious problem in these issues is relatively small but the risk of paying the expenses of someone seriously injured (maybe for the rest of the injured party's life) is huge.

On another question site, a person said that they had a special insurance policy to cover the risk of having others do work on their property but I have not been able to find a company that sells anything like that person described.

If you search "worker sues homeowner" you will find numerous articles to read about. I read of one where the hospital sent their big bill directly to the homeowner after it became clear that there was no other means of getting their bill paid.

Yes, Homeowners insurance typically does provide coverage for losses that result from an accidental fire.

Mother nature would be responsible for the damage. Unfortunately though, She does not carry Insurance.

No. "HO3" is for owner occupied dwellings. "HO6" is an owner occupied, condo unit owner's policy. HO3 is for the house itself (dwelling), personal property, liability, and loss of use. HO6 is for personal property, "walls-in" coverage (usually called additions & alterations), liability, and loss of use