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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.

auto insurance if you do not own either or do not drive a car?do new yorkers who cannot or do not drive have to have car insurance? this is for those who think auto insurance is mandated and a requirement. thanks.
IF you do not own do you still have to have home insurance or car insurance? that is the question.

Answer:

So you think that not having a auto to insure means auto insurance is not mandated?
Yikes.

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.

I am starting a small biz next month..(just me) and Im trying to find out about insurance that will cover ONLY if i break somthing in a costomers home..Not cover my home as well..
Thanks Alijandro

Answer:

try your local insurance company . like your auto insurance and ask them if they insure business also ..

business insurance is not expensive and it covers you for several stuff including if you break something they range depending on the stuff that you do from 250.00 for 3 months or so

ask your insurance agent and check “shop” rates

I am looking for an engine which can compare rates of home insurance, and possibly along with car insurance without wasting time. One that is best for New Jersey would be nice. Thanks. Also, any tips on buying home insurance would be greatly appreciated. Thanks- Hong
if you can, buy where is a good site to find a good indep. home insurance.

Answer:

Well, they’re out there, but you have to buy it, and it’s really expensive. Most independent agencies buy the software, and then pay monthly to pay for rating updates. We’re talking several thousand for the initial software, and about per month, per company, for the rate updates.

You are trying to be your own agent.

Unless you know the difference between replacement cost and GUARANTEED replacement cost, and unless you know which extra endorsements you need (are you familiar with an HO41?), you will be making MAJOR mistakes by trying to do this yourself. You likely won’t even be able to get the accurate (for each company) limit for the building.

Go visit a local, independent agent, and ask them to give you quotes with 10 different companies. Have them print it out. Then go to another one or two, and get 10 or 20 more quotes, from 10 or 20 more companies.

You can’t get the policy, anyway, without using an agent. So let them do ALL the work for you.

We had a hail storm and it put holes in my vinyl gutters and I think it probably did damage to my roof , I could use some new siding but don’t know if they will cover it. I’m wondering what happens when I place a claim ,thanks

Answer:

you need to get an estimate on repairs and then call your agent to find out what your deductible is if you don’t know. if your damage is less than or just above your deductible amount then you will need to pay it yourself. if its more and you need to file the claim, then call your agent or companies direct claim line to report it. they will send an adjuster out to look at the damages and then he will figure what will be paid and how much. you will then get a check for repairs minus your deductible.

I need auto insurance for when im home and i do not want to pay for the whole year because i only drive during the summer when i am at home the rest of the year im away at school. thanks in advance.

Answer:

I agree with the other person regarding some insurance companies can stop and start your insurance on demand.

I think I did this back when I was in college (that was a long time ago!). Basically I had to call up the insurance company and tell them when I needed coverage and when I needed to stop it again.

Call your agent. Just bear in mind if you go home for Christmas, you won’t have insurance when you’re home unless you “turn it back on”.

Playing devil’s advocate, turning on and off an insurance policy may do wacky things with discounts on insurance that is based on being a “loyal customer” for “X” number of years. My auto insurance is gets a 5% discount for being with the company for continuously for years. You’ll need to ask if the start/stop thing will impact that.

Does a landlord need a current copy of a tenants utility bill for his home owners insurance? This seems “weird” to me. Thank you for any response.
Thanks for all the great answers and I’m sorry I can only choose 1 as the best! What made me nervous, as one person had stated is that a utility bill is often a required piece of information proving identity, etc. and helps one if they are creating fraud accounts/identity/credit lines, etc. TY again!

Answer:

no, i would not give it to him. your account no. is on it. it does not make sense.

thanks

Answer:

Most insurers will not even insure you with a trampoline. If you purchase the insurance before you purchase the trampoline, then your insurance will not go up, but be prepared if they come out for inspection or you have a claim early in the policy to prove to them when you purchased it, because if they think you had it at the time you applied for the insurance & they would not have insured you if you had one, then they will void the policy for material misrepresentation.
Trampolines are dangerous. I know of some very serious injuired including a toddler getting killed for crawling under & getting jumped on. Other injuries were a broken spine, broken ankle & borken cuccyx, I could go on & on & this is in a very rural area.
Also, it is an attractive nuisance, meaning, even if someone is traspassing on your property (even if your land is posted) and they jump & get hurt, you are liable.
You will have to do a lot of shopping to find an insurer that will insure you with a trampoline. There is a reason the insurers won’t insure people with them – HUGE liability payouts.
Oh, if State Farm will insure them, go for it, they eventually won’t anymore because they will be getting all of them & this is known as “adverse selection” , they will start paying out big claims & then will no longer insure them before long.

I know this varies and are based on different factors. I am just seeking an average – thanks!

Answer:

depends on the amount of the home for example my house when i purchased it was 96,000.00. so the home owners insurance is about 950 a year. its all on how much coverage you want to get say like if your house caught on fire you want to fully be able to pay for the house right. so the maximum would be best plus it covers like contents and personal property..