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Posts Tagged ‘homeowners’

Answer:

OK, first of all, it’s going to depend on how close the house is to the water, your credit score, if you’re living in it, how old the house is, and your claims history. If everything is PERFECT, the homeowners insurance part is going to cost about ,000 a year. The wind part is going to cost another ,000 a year, depending on how soon you buy it (Citizens is getting a 55% rate increase soon), and the flood is probably going to run you about 00 a year.

The hard part is going to be finding someone willing to write it. There isn’t exactly any competition in Florida for homeowners insurance.

It fell out of my boyfriends pocket in a taxi and have tried to call today, but it is switched off. Was wondering if insurance would pay for it?
Have never made an insurance claim. What is the deductable?

Answer:

Call the taxi company and find out if the phone was turned in by the driver. The taxi company should be able to determine what car you were in.

As far as homeowners insurance goes….unless the phone is scheduled on the policy (and it’s probably not) there is no coverage for a lost phone.

If you claim it stolen….you have to file a police report.

Your deductible will apply. Usually a deductible is 500 or 1000. (using 500 as an example) the deductible means that your boyfriend agrees to pay the first 500 of damage if the insurance company pays after that.

So….if the phone is 0 and the deductible is 0 – the insurance company will not pay out anything…..the loss does not exceed the deductible.

If the phone is 0 and the deductible is 0 – then the insurance company will only pay 0.

Odds are, the value of the phone is less than the deductible.

Answer:

For homeowners insurance you would not need to give the insurance a list of items of your entire home. However, if you have valuable items (jewelry, artwork, computers, fine china & crystal, musical instruments, etc.) and want to have these scheduled onto your policy then you would provide a list which includes a full description of the item including serial numbers, model name, for jewelry the cut of the stone, setting information, etc. This full list should be provided to your agent and then put on a schedule onto your policy. You will see each item actually listed line by line. You should check your list against the list on the policy and have it updated each time you make a purchase in any of these categories.

In terms of the rest of your household contents, you should have a full inventory for your own peace of mind in the event of a claim. Your agent should be able to provide you with a household inventory brochure to assist you in preparing this. You should also consider supplementing your written inventory with pictures and/or a video inventory (walking through your house and filming each room–focusing on higher value items along the way while verbally stating where purchased, dates and or any other helpful information).

This type of inventory should be kept off premises, i.e. in a safe deposit box, at your office, a family member’s house, etc. and a copy at your agent’s office. If you ever have a major catastrophe, you will find it to be invaluable in the prompt resolution of your personal property claim and will assist you in obtaining a higher payment than you otherwise would since many people forget everything they had. Remember when doing your inventory to account for all your library contents, i.e. books, movies, cds, etc. since the cost of these add up very quickly.

I hope this information helps. Good Luck!

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.

should I get home insurance included in my loan or use my current insurance carrier that has my vehicles and other things and why?

Answer:

More likely than not, any insurance you buy added to your loan, will pay the lender, not you. That’s ALWAYS a bad deal, in my book.

You’re probably best off, buying a homeowners (WITH BUILDERS RISK ENDORSEMENT!) from the carrier that does your vehicles – you’ll get that extra credit on your car insurance right away.

BE SURE your agent knows how to properly insure a home under construction. It’s a bit trickier than insuring cars.

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.

Answer:

You’re in Florida, on the coast. Your problem isn’t finding the BEST company, it’s finding someone willing to WRITE you at ANY PRICE. Lots of luck. You’ll probably end up in the state company, Citizens.

Contact a few local insurance agents to see if they can help you. Be prepared to spend A LOT. You’ll probably need three policies – one homeowners, excludes wind & flood, one wind policy, and one flood policy.

Can’t find a local agent? Try these guys: www.huttinsurance.com

But remember, for Florida homeowners, it’s a seller’s market. And most sellers (insurance companies) aren’t interested in ANY Florida property. But you probably know that already.

I was burned on frien’d oven. It was a second degree burn, and I was taken to emergency room. I do NOT have health insurance. Is this covered under THEIR home owners insurance? If not, what could it be covered under? Help.

Answer:

They most likely have a provision under their homeowners policy called “medical expense reimbursement”. This is when a visitor (you) comes on the property and is injured due to no negligence of the homeowners. If there actually was negligence involved then you would have to file a claim under the liability portion of their policy. Under the medical expense reimbursement you have no option for pain and suffering…JUST medical bills. One thing to keep in mind, the medical expense reimbursement is a nominal amount…usually only 00 – 00 so if your injury was major, you will still have to file a claim and prove negligence. Hope this helped.

I’m getting an online quote through Admiral and it asks if I am a 1st time buyer (I’m not), but I’m wondering what relevance this has and if you benefit or lose from being a 1st time buyer in these quotes. Answers from those in the know please.

Answer:

Well, if you’re NOT a first time buyer, then you have prior homeowners insurance – and a track record at maintaining (or not, as the case may be) a home in good condition.

In either case, they are going to run a CLUE report, so if you have any prior claims (homeowners OR renters) they’ll show up.

Sometimes, if you have prior insurance, there’s a credit available.

We’re buying a new home and had planned on staying in our rental for a few months while we make some renovations to the new house. However, our insurance company tells us that they won’t give us a homeowners policy unless our new home is our principal residence within one month of our closing date. Does this mean we have to tell our insurance company that our new home is our principal residence, even though it won’t be until approx. August?

Also, our insurance company will cancel our renters policy, since they’ll assume that we’ll no longer need it after we close on our house. This isn’t true, because we had wanted to stay in our current apartment for a few months more. Has anyone encountered a similiar situation, and if so, how did you handle it? Thanks so much.

Answer:

It will be your principal residence even if you are not living in it at the time of renovations. Don’t deal with the morons at a call center. Find an agent in your local community: http://nwinsurance.nationwide.com/nwagentlocator/find.asp