Posts Tagged ‘coverage’
Do I need insurance to teach at home?
I’m thinking about giving some music lessons from home to boost my income, would I need special insurance – and would it affect my mortgage?
Answer:
It should not affect your mortgage unless you are running a full time business from your home. You should increase your liability coverage and maybe look at an umbrella policy since you have an increased liability exposure (to protect you if someone says they got hurt coming to your home for lessons). Talk to your agent. Important to do before you start to figure out the increased cost and adjust your rates to cover this business expense.
High voltage by Edison fried my appliances. Does home insurance pay for the replacement cost?
Answer:
How are we to know? Do you have replacement cost coverage on your homeowners policy? Do you have a voltage endorsement? The standard homeowners policy doesn’t include replacement – you have to pay extra for it.
Also, the standard homeowners covers damage from artifically generated electrical currents, but NOT loss to tubes, transistors, or similar electronic components. Which, frankly, are MOST of where your damages are going to be.
my home insurance was declared void where can i get insurance?
Answer:
I recommend speaking with an insurance broker. A broker works with several companies and can identify the best company, rates, and coverage for you. To find a broker in your area, log on to a website like http://www.homeownerswiz.com and fill out a form requesting a free quote. Good luck!
How much is home-based insurance?
I am thinking of making money with waxing.
I was just wondering how much it would cost me to pay insurance for myself, I am thinking I just need errors and omissions (i.e. liability in case a client decides to sue me).
FYI I live in Canada.
Thanks!
Answer:
You’ll need “trip and fall” coverage, also, and property coverage. And your homeowners will probably cancel you, if you run a salon out of your house.
Salon coverage is pretty cheap; even with professional liability, with “one chair” you can probably find it for around 0 a year.
Can anyone tell me whats the best home insurance company in north Texas around Ft.worth and Weatherford?
prices coverage ect.
Answer:
You can compare home insurance rates and services from different insurers here – homeinsurance.awardspace.us
If I decided to trigger a foreclosure and give up the house, should I keep paying for home insurance?
Answer:
The mortgage company has the right to buy insurance on your behalf and force you to pay for it if you leave your home uninsured. The insurance they buy will not be cheap and won’t have good coverage.
Also if something happens to the house and it was uninsured you would be responsible for the damage.
I would speak to some legal adviser before I do something like this. There may be much better ways to get out of the situation you are in.
Must I carry insurance on my Canadian home that backs my line of credit?
I see no mention of an insurance requirement in the fine print of my bank line of credit contract that places a chattel mortgage on my home. Am I in trouble if I don’t insure my home, or if I reduce the coverage to less than the full replacement value. I’m in Canada
Answer:
If it’s not contractually required, then no you do not need to carry insurance on your home. However you would be better off speaking to the person who arranged the line of credit and confirm this just to be sure as you may have misread the contract. Beyond that you are only in trouble with yourself unless you somehow have enough money to rebuild your house on your own saved somewhere. No insurance company is going to let you insure your house for anything less than the full replacement cost of the house. If you try they will just cancel the policy as they will see you as a moral hazard and not worth the trouble. You may be able to get away with it on a commercial type policy, however that will be difficult to arrange and will end up costing you way more.
when you purchase home owner insurance ,is it legal for them to charge higher rates based on our credit report?
besides the high rate they chage for insuring each type of coverage they normaly offer for the type of coverage and area we are in for that coverage?
Answer:
Purchasing a foreclosed home and home insurance.?
When winning the bid on a foreclosed home is it necessary to get home insurance coverage right away or do you wait till the day that you close on the home?
Answer:
homeinsurance.awardspace.us – try this one. Got my home insurance from them. As I know they provide such a service.
Virigina – Insurance for land with an existing vacant home?
We are seeking insurance for the the land – liability purposes – problem – there is an old run down exisiting farm house – sentimental to the family so no distruction of the home – what type of Liability Insurance is available?
Answer:
You need to insure the house, actually, and include liability coverage in that policy. The house represents the biggest liability risk. Talk to an insurance agent.