Posts tagged "Homeowners Policy"

Homeowners Insurance, Melbourne, Florida – Liability Coverage E, Section 2

homeowners insurance, Melbourne, Florida – Liability Coverage E, Section 2
Insurance Center of Central Florida

http://www.theinsurancecenter.us/

Liability, Coverage E, Section 2, Non-Tangible Property, Bodily Injury pays injured party’s medical bills, loss wages, pain and suffering, etc. Log-on to www.TheInsuranceCenter.us for details or call us at 800-659-0986.

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Do I have to purchase Homeowners Insurance if I just purchased a condo in NJ? What are the pros and cons?

What does the Condo Association’s policy cover vs my own Homeowners policy?

Well, that’s a GREAT question. Read the bylaws, it varies wildly.

Some association policies only cover to the studs – you’re responsible for drywall/plaster, paint/wallpaper, carpeting, appliances, obviously your furniture & contents, etc. They don’t cover any LIABILITY inside your unit, either.

Also, they tend to have large deductibles – like $10,000 to $50,000 or even higher.

So, if you don’t have any coverage, and you have a $15,000 kitchen fire, there might not be ANY coverage under the master policy for you. Or they might pay $5,000 of it. I haven’t read your bylaws, or the master policy, so I have NO idea. You’ll have to do that.

Homeowners Insurance, Melbourne, Florida – Screen Enclosure

Homeowners Insurance, Melbourne, Florida – Screen Enclosure
Insurance Center of Central Florida

http://www.theinsurancecenter.us/

Learn what is covered under your Florida homeowners insurance Policy. Screen Enclosures and other coverages are available at The Insurance Center of Central Florida. Log-on to www.TheInsuranceCenter.us for complete details or call us at 800-659-0986.

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Homeowners insurance policy question on coverage – 3rd party damaged my patio?

A lawn service company caused damage to my stone patio with fertilizer stains (residential property). Will this be covered on my homeowners policy? I just need to know if it is covered? Would an insurance company cover this?

No. Your homeowners policy doesn’t cover your paver stones outside the walls of the structure. I’ve never seen this covered on any type of homeowners policy.

You have to go after their general liability insurance – which means, suing them for the damage.

Should I report my tenants on the home insurance policy?

I used to live in my house but now I am renting it out. Should I tell my home insurance company that I will no longer live there and tell them about the tenants?

RIGHT AWAY! you cannot have a homeowners policy if you the homeowner do not live in it. your policy needs to be rewritten as a landlord policy. this covers the dwelling (make sure you also keep liability on it). your tenants should then pick up a renters policy to cover their belongings. if you can find a company in your area that will write your property on a commercial package policy, it will keep your premium a lot lower. i have a company that does this and it actually gives them MORE coverages than a regular landlord policy for less premium.

My property in Florida was vandalized, does my homeowners insurance cover vandalism?

I am insured with homeowners insurance in South Florida, and my home got vandalized, doses my insurance cover Vandalism. And do I need a Florida public adjuster to represent me to my Florida homeowners insurance?

Maybe it’s covered. Does your homeowners policy cover THAT premises? Is your home vacant, or unoccupied? Is vandalism covered under your policy?

You need to ask your agent.

You don’t need a public adjuster – at least not yet.

Homeowners Insurance, Melbourne, Florida Condo Insurance

homeowners insurance, Melbourne, Florida condo insurance
Insurance Center of Central Florida

http://www.theinsurancecenter.us/

If you live in a condominium, you will need condominium insurance. We will review your covenants and notify you of the coverage required by your condo association. You may be required to have coverage for all interior fixtures as well as common property. Log-on to www.TheInsuranceCenter.us for details or call us at 800-659-0986.

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Will home insurance cover tree roots causing water to enter my basement?

I live in montana, and tree roots have grown under my foundation and drawn up ground water, created a path for the water to follow, and separated my foundation from my footing allowing water to enter my basement. Will any home owner’s insurance cover this type of damage or repair? It is a city tree, would they be liable? Thank you.

No, for several reasons:

1. Tree roots are a maintenance issue.
2. Foundation damage is specifically excluded on the standard policy, except by fire
3. Water damage, from water seeping/leaking into the basement, is considered flood, and also excluded on the homeowners policy.

The city isn’t liable. Any part of the tree on YOUR property, is YOUR responsibility – including the roots.

Sorry, you’ll have to get this done on your own.

What kind of lawyer do I need that specializes home insurance policies?

My home got flooded. Insurance denied the claim but I believe I still have a case. What kind of lawyer would I need that specializes in home insurance policies to see if I really do have a case?
Sorry, I should have been more specific. My house was flooded due to a pipe burst.

You need to be much more specific because water damage may be covered in certain circumstances but flood damage is not covered in any circumstance.

In the USA no homeowners policy will cover damage due to a flood. Flood damage is specifically excluded. Coverage for flood would have to be purchased through the National Flood Insurance Program (NFIP).

Can damage from renters be claimed under homeowners’ insurance?

We are considering renting out our home. If damages to the property greatly exceed the renter’s deposit, can it be claimed under the owner’s homeowners’ insurance?

Well, first of all, the HOMEOWNERS policy is conditional on the house being occupied by the owner. So if you rent it out, you need a dwelling fire policy – a whole different kind of policy.

Yes, I HAVE seen tenant damage covered under a dwelling fire policy. There’s normal wear and tear, and then there’s, well, I’ve seen some pretty bad ones. One thing to keep in mind, if you have more than two claims in three years – for the house you live in, or for any rental properties – it’s going to make you effectively uninsurable. The policy with the claims will get cancelled, and you will have a VERY hard time finding replacement coverage at three times the rate. It comes back to bite you, if you’re buying a new house for YOU to live in – then YOUR prior claims, for other residences, will keep you from being able to get homeowners insurance.

So you have to factor that in, as well.

**Contrary to what the other person said, their renters insurance does NOT cover the damage to the residence they live in. So you won’t be able to collect under their renters insurance.**