Your homeowners insurance premium SHOULD be included in your closing costs. Now as far as asking the sellers to pay for it--you can ask them to pay for anything--it's up to them whether or not to.
You can pay your home insurance premium yourself or let your closing agent transfer the funds and initiate your escrow account ( in your closing costs but not financed) with your mortgage company.
The seller does not traditionally pay any part of the buyers home insurance premium
These days it is typically paid by cash, check or charge.
If it is an FHA loan, you will pay Upfront Mortgage Insurance (around 1.75% of the loan amount) at the time of closing ( usually added to the balance of the loan ). Then you will pay a monthly MI payment ( about .55% added to the interest rate) every month.
One way is to check with the lender. Most lenders have affiliations with mortgage life insurance companies to provide this service and in most cases the insurance premium is included in the mortgage payment.
No. The premium is the price you pay for the coverage. Depending on your insurance company, the premium may be paid all at once or in payments.
A premium
No. This is not what homeowners insurance is designed to do. This is not a covered cause. Homeowners insurance covers more than any other kind of insurance especially with the premium as low as it is.
Not Likely unless you scheduled it on your homeowners insurance policy and paid an additional premium for it. Personal aid devices of this type are generally covered through your health insurance provider.
Yes, if you cancel your home insurance policy mid term you would be entitled to the unearned portion of your premium payments.
These days it is typically paid by cash, check or charge.
it should reduce the premium if you submit a document stating it is being monitored by an agency
you had no insurance for 13 years? You should qualify for a state plan that will guarantee you coverage - contact a local insurance agent - and expect for the premium to be high
Fire damage insurance is usually a part of your homeowners or renters insurance. Depending on your desired level of coverage, it may be necessary to pay an additional premium.
A breakdown assistance program can lower insurance costs if breakdown assistance is included in the premium. I suggest contacting your insurance company or providing that information here.
You would need to contact your insurance company or your insurance agent if you can not determine your coverage. Most standard Homeowners policies in the United States exclude coverage for certain types of earth movement unless a specific endorsement has been added and premium assessed.
If you don't carry homeowners insurance and you have your home financed, you are breaking the contract and your bank will take out a forced place policy to cover their interest in the home and you will have to pay the premium which is far more than a homeowners policy. If it's not financed, you take the entire risk of loss upon yourself.
A premium life insurance package have many different features compared to standard insurance packages. Depending on the insurance provider, it will vary on what extra features are included, and therefore it would be best to inquire to local insurance providers what they are.
All homeowners claims are subject to premium surcharges. either in the current policy period or at renewal.