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Answer:

depends on how much your house is worth. So can’t really answer this question without that info.

I am purchasing a house this month and trying to get an IDEA on how much my home owners insurance will run me, however I have a rottweiler ( obedience trained, no attack training) and several insurance companies have out right told me they do not write policies for owners with rottweilers… any one know of a company that will cover me? and Not charge me an arm and a leg??

Answer:

State farm is a dog friendly company. They only ask if your dog was trained to be a guard dog or if it has ever bitten anybody. Not sure if it varies by state but in my state they insure aggressive breeds

I have a moutain vacation home that I may rent out once a month just to cover the applied mortgage. Is ther any caveots with insurance and what will have to be adjusted and cost extra? Thanks in advance.

Answer:

You should probably just call your insurance company and ask them, tell them you are thinking about doing that and ask them for a quote. If you don’t like it shop around, it might be worth it.

I am purchasing a second home near Canyon Lake, Texas. This house will be occupied by me or my immediate family approximately 50% of the year. The other half, I plan on short term rentals (3-5 days at a time). What would be the appropriate insurance(s) for this? I also plan to live in this second house full time in approximately 5 years, if that makes any difference.

Answer:

as the owner and in the event you owed a second/third party you must have an insurance, regardless you want to rented later, the renter should have rental ins on his/her own. If you do not owed such property to a second/third party, is just a good precaution to have it insured. no change will be necessary once you moved into it permanently later as you said just an update.

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.

I’m buying a house and one of the requirements of the grant that I’m receiving is that the insurance on the house can’t be over 0.00 a year. ( a month). I’ve tried Progressive and Sagamore already and they’re over. So does anyone know of anything?

Answer:

ask a local independent insurance agent how that can be done. S/he probably represents 10 to 20 companies.

likely, you’ll have to accept some limitations you wouldn’t otherwise want.

My grandparents seem to think so! they’ve got a huge house with lots of priceless things but gran can be very thrifty as she said she was born into poverty and used to always tell me what it was like growing up during the war. She said that you’re paying someone for nothing and that basically you’d be begging them to help you if anything went wrong and that they don’t really have to pay out so your paying money for nothing, what do you think? xxxx

Answer:

I would always have insurance for my home and its contents.
We live in an end house and had an ornamental wall of huge length that surrounded the whole house. A few months ago young vandals pulled about a third of the wall down. We would not have been able to afford the £2,000 it cost to rebuild it and were really glad our insurance covered it.

i am doing a school project and the only way to figure it out is to call and talk to a “reprisentitive,” and i would really rather not. I just need a ballpark figure… 0? 00? any ideas?
I am living in St. George, (Utah) and my house cost about 0,000.

Answer:

Well, it’s going to vary WILDLY by location. If you’re in Florida, the homeowners insurance nightmare capital of the world, and you have an “average” house (the median house price in the US is 0,000), you’re looking at 0 a month. If you’re in Pittsburgh, it’s a month. If you’re in Los Angeles, you can’t get anything for 0,000, plus you need to factor in earthquake coverage. Maybe 0 a month.

So with real estate . . . it’s location, location, location.

You might want to edit your question, and add in the value of the house, and the city and state.

my house was broken into (we’re in the middle of remodeling it) and my list of items was “over” the amount small claims handles. So they’re refering me to the local agent.

Answer:

Are they sending an agent or an adjuster? An adjuster is a professional who determines the amount of damages that you suffered and how much your insurance will cover. The agent is the person who sells insurance. The license to be an agent is different from a license to be an adjuster. It would seem possible that a person could have both but not too likely. (A good adjuster is so in demand, that he wouldn’t have the time to be an agent too. In addition, sending your agent to look at your claim might be somewhat of a conflict of interest.)

Whenever a claim is over a certain amount, they want to have an adjuster come look at the situation to determine a fair and reasonable settlement. You do not have to accept the first offer they make if you feel that they are setting too low of a price. You can negotiate for a higher settlement, but you often won’t get as much as you think you should. Claims adjusters have training to make determinations as well as reference materials to check the costs related to the claim. (In the case of storm damage to a house, he has to know not only the cost of the materials needed to do the work, but also how much labor on such a job costs in that area.) Most adjusters try to be fair.

Sometimes they have to handle claims differently than usual. One time, we lost a lot of shingles from our roof in a bad windstorm. (The whole west side of the house.) Usually, in a claim of that size, they would send an adjuster to determine the loss. However, since there were so many claims in the area due to the storm, they realized that most claims like ours would be real and that there were too many to send adjusters out on all of them. They had us take photographs of our roof and mail them the photographs. The adjusters could look at the photos and make a preliminary adjustment from their desk in the office. Since we live in the same city as the home office of the company, after making the prelim adjustment, an adjuster from the home office could plan a route around the city. He would drive from location to location and determine if the photo sent in matched what he saw. He could also determine if there were some places that needed more follow up in case he saw something looked like it might need more work than the home owner had thought it would. It saved them a lot of time in taking care of a lot of storm damage fast. For anyone who was claiming a lot of damage (more than just roofing) from the storm, they had to go to the site to make a thorough examination to make a repair estimate. (And the adjuster could look for hidden damage that the home owner didn’t even know existed. He might end up with more than he expected in some cases.)

In your case, you didn’t have a natural cause like a storm that was reported all over the news. You had a break in. The police have to examine the scene for evidence. The insurer also wants to see for itself just what happened. Therefore, the insurer will send the adjuster out. They want to be fair to you and they want to be fair to everyone else An adjuster would be aware of some to look for that might have been damaged that you aren’t even aware of. Just because most people are honest and you most likely are part of the most people, they want to know that you are. If they just paid on every claim submitted by everyone without checking the claim out, there would be criminals out there making money off of insurance by making false claims. They are protecting themselves and everyone who has insurance with them from the possibility of fraud.

This is just standard in cases where the claim is more than a certain amount. The way they did our roof a few years ago was a short cut that was reasonable in that case. There is no short cut in theft. If it exceeded their set limit for being a small claim, they have to go strictly by the book.

In addition, when settling your claim, you need to understand if you got your insurance on an actual cash value basis (ACV) or on a replacement cost basis. You also need to know what your deductible is. Here is a made up example of how ACV and replacement cost work.

The price you paid new for items x, y and z that were lost was ,500. Your deductible is 0.

Case #1 You have ACV basis coverage. If you had sold x, y and z in working order used at the time you had lost them, you would have gotten ,587. In that case, you would receive ,087 on your claim. The actual cash value (value as used merchandise) of the items less the deductible. If your refrigerator was just purchased new recently, it would be valued basically with its full price, but a 20 year old refrigerator will be depreciated a great deal.

Case #2 You have replacement cost basis coverage. The current cost to replace x, y and z with new merchandise that is the most like what x, y and z were is ,521. You will receive ,021. If you have replacement cost, you will get brand new merchandise that may have better features than the old. If a refrigera

Answer:

the city and (and should) condemn a property if it’s not up to building codes. The lack of planning to make sure you had the correct amount of insurance is not the concern here.