Homeowner's Insurance

Typically no. Condos present a very different risk to insurers than a single family home. policies issued for condo owners generally cover only the interior portions of the unit. Sometimes referred to as "Wall to Wall" coverage or "Sheet Rock to Sheet Rock". Anything inside the walls is usually not covered.

Plumbing leaks in Condos are usually covered under the Condo Associations master risk policy for shared structure and conveyances.

It's referencing your House insurance. Homeowners insurance is also known as a Home Hazard Insurance Policy.

No, unless those cracks are a result of a differnt direct loss such as a vehicle hitting the home or a tree falling on it. Most if not all insurance policies exclude cracking in brick, plaster, and drywall as well as vibration.

Depends where that pipeline is and what happened to it. If its your main pipe coming into your home for water supply and it gets old and rusts out, NO... If the pipe somehow ruptured, its possible, need to read your insurance policy to make sure. As well they may cover damage from the pipe done to the home but not cover the pipe, more info is needed to asses your situation.

An insurer is not likely to knowingly under-insure your home. It would be a violation of your states insurance code and could cause the agent or the company to be fined and possibly lose their license to do business in your state.

Does not matter whether it's paid off or not, it would simply be illegal for the company to knowingly do it.

No. It needs it's own separate insurance. Homeowners insurance excludes vehicles.

no

1 Million in Canada, 2 million in the states, More lawsuits in U.S and less restrictions on how much you can sue for.

Commercial property insurance.

Yes, Your homeowners insurance can be cancelled due to lack of home maintenance or required updates. Basically home insurers will have a minimum standard of acceptable condition when they insure the home. If the roof does not meet the minimum requirements of the program being offered, then the company may cancel the policy. This is usually done in the first 60 days of policy issuance or effective date.

Homes that are not adequately maintained and updated are considered to be at significantly higher risk for a loss.

If you have scheduled the collectible items with your insurance company on your policy and paid the required additional premium then they are covered, otherwise they are not covered.

Other items that are not covered under a homeowners insurance policy unless scheduled are; fine jewelry, antiques, furs, artwork, stocks, bonds, cash and other negotiable paper.

Under normal circumstances the chances of that would be about zero, unless of course, there is an arsonists in the mix.

Not likely. Most insurers would consider a well pump to be a homeowners maintenance issue.

Well pumps require replacement form time to time. they are a mechanical device and they just break down and die after a period of time depending on usage and ground and well condition's. It's no different from needing to do occasional mechanical repairs on your automobile. A warranty might help you if it's still in force but your auto insurance would not pay for mechanical breakdown. Likewise your homeowners insurance policy does not provide for maintenance costs of your home.

If you are referring to incidental farming liability then the answer is yes. If you are talking about being in the farming business then no. If you are in the farming business then what you need is a "Farmowner's Policy" which can cover a home located on property that is also used for farming of any kind. Incidental farming usually means farming of 5 acres or less though the size may vary with different insurance companies. The main thing is that if you are in farming for a business then you need a farmowner's policy. It can cover a big or small farm and can cover equipment, farm animals and just about anything having to do with farming.

NO. Homeowners insurance policies do not provide coverage for automobiles. That's what auto insurance is for.

you would have too read up on what your specific plan covers. or call you insurance agency

No it doesn't

No. homeowners insurance covers resulting damages of the covered perils.

Yes.

Depending on the home loan, you may be required to have insurance. If you buy your house out right, there is nothing requiring you to have insurance.

Unlike driving a car, you can legally own a home without homeowners insurance. However, if you finance your home with a mortgage, your lender most likely will require you to have home insurance coverage to protect your home and the lenders investment in case of damage caused by unforeseen circumstances, such as fires or natural disasters.

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.

Sure, If you don't need it anymore no since paying for it.

Yes. Your homeowners insurance policy typically provides coverage for your homes structure from losses ensuing from the perils defined.

You'll need t check your insurance policy language to be sure, but most homeowners insurance polices in the U.S. these days do not provide coverage for asbestos abatement or related claims arising from asbestos.

No, that's not how it works.

Mortgage insurance is to cover you defaulting on the loan, and you're expected to pay it.

Homeowner's insurance covers the home itself in case of accidents. If they pay off the value of the home because it was totally destroyed, you're still responsible for the loan before you get whatever's left over.