0
If an expensive guitar not owned by me got damaged in my home by a third party would my homeowners insurance cover the damage And if it does would it cause my rates to go up?
Wiki User
∙ 14y ago
Under your liability coverage, it would be covered. However, the insurance company would want to know the name of, and how to contact the third party, and to have you sign off on their right to subrogate against him or her. That means to collect from them, or their insurance policy, if they have one, to reimburse your insurer for the damages paid.
Also, the insurance company might want to pay for the guitar at current market rates and retain it, have it repaired or simply have the owner obtain estimates for repairs from several reputable places and submit them. Each company works in different, and sometimes mysterious, ways.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Are baths damaged by bleach covered by homeowners insurance under accidental damage?
no
Can you claim carpet damage on your homeowners insurance?
Carpet DamageYes, if it was damaged due to a covered peril under your policy it will be covered.
Will homeowners insurance cover damage to the walkways damaged by trees?
Homeowners insurance is a "Hazard Insurance" It covers your property from unexpected "Sudden Losses" that result from covered perils such as, Fire, Wind, Hail, Falling objects, Theft etc.
What insurance will cover you for damage to your expensive block driveway for the sudden and accidental spillage of a large amount of oil on your new driveway?
homeowners insurance or renters insurance
Will homeowners insurance cover damage to a car damaged at your home?
It depends on the situation but mostly the car insurance comprehensive coverage would cover any damage done in a non-moving accident.
Does homeowners insurance cover your mortgage if you are laid off?
No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.
Does homeowners insurance cover attic restoration?
Certainly not. Homeowner's insurance does not pay for renovation to any part of your home unless it was damaged and the damage was due to a covered cause. And, in the case of damage, the insurance will strive to replace, not improve the situation.
Should homeowners insurance cover cars in garage fire?
No, unfortunately it does not. Your homeowners insurance covers damage to your home. Your auto insurance covers damage to your car.
Will homeowners insurance cover damage to the neigborh house by your car?
No. You homeowners insurance specifically excludes motorized vehicles. You auto insurance will cover damage you did to their home with your car. Your homeowners is not designed to cover damage you do with your vehicle under any circumstances.
Does Florida Homeowners Insurance without extra flood insurance cover water damage if the roof is torn off from a storm and water comes from the sky?
Yes. This is not a 'flood' situation. Flood insurance covers rising waters entering the home. The homeowners policy covers resulting water damage from a wind damaged roof.
Does homeowners insurance cover sprinkler system?
Your homeowners insurance should cover damage to your sprinkler system if the cause of the damage is covered by your homeowners insurance policy such as fire, lightning, freezing of pipes, etc. Homeowners insurance is not a maintenance policy and will not cover mechanical failure of your system.
Does homeowners insurance cover your child damaging the neighbors vehicle?
No, Your homeowners insurance does not cover vehicle damage. That's what auto insurance is for.
