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What! Insurance pays for financial losses. I don't understand your question.
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∙ 12y ago
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What can you do if you do not have the money for the deductible for your home owners insurance claim?
You can either borrow money or what to get the repairs done until you have your deductible.
How do I Collect the depreciation from Homeowners insurance claim?
If you want to collect the depreciation your insurance company withheld from your claim payment you must make the repairs to your home. After you make the repairs contact your insurance company and they should issue a check for the depreciation.
can i be sued for not letting a contractor do the job after a insurance settlement. there is no signed contract, but he said because he came out when the adjusters made their final evaluations of my home, but there was also another contractor present also?
It depends on the specific circumstances and the laws in your jurisdiction. If there was no signed contract and you didn't agree to hire the contractor, it may be difficult for the contractor to successfully sue you. However, it's always best to seek legal advice to fully understand your rights and obligations in this situation.
Does home insurance usually cover repairs to storm damages?
Most homeowners insurance policies cover repairs caused by storm damage, however you will have to check your policy to be certain. Usually, you will have a fixed amount of time to claim damages.
What do you do with the leftover money from a home insurance claim?
keep it. You never know when you might need it.
need money for home repairs?
kitchen repairs roof repairs
There is insurance money for home repairs being held by the mortgage company what happens to this money during a foreclosure?
I really recommend calling your mortgage company to ask.
Can you do the home repairs yourself and get paid by homeowners insurance?
Just contact your Home Insurance Company and ask them about it. Many companies are fine with this for small claims or minor repairs.
Can you keep house insurance money instead of fixing a damaged floor?
Its your $$$ now !!! you can do with it what you want. * If the home is not still under a mortgage contract the homeowner is not obligated to use insurance funds for repairs of the property. However, if repairs are not done the insurance provider can refuse any claim if the flooring or adjoining structure is damaged further. If the home is still mortgaged repairs must be made as the lender would have to sign the insurance check as well as the homeowner/borrower. All mortgage contracts stipulate that the property must be kept in the same or better condition as it was when the property was purchased and lending agreement made. You could BUT that would be called insurance fraud... Lis@
What would happen if you kept your Homeowners insurance claim money instead of doing repairs Can you really get into legal trouble or is it money to you for your loss and you can do what you want?
If you still have a Mortgage, YES you can get into big trouble. Your mortgage contract requires that you make any repairs promptly. If your home is paid off and you have no finance lien then you are free to do what you want with the compensation you receive. Bare in mind that your Insurer will likely cancel your policy if you fail to make necessary repairs as you will be considered negligent by the insurer.
Can a separated spouse receive money from a home insurance claim they refuse to pay on?
Refused to pay on? What type of claim is it? Only the legal owner of the property can receive compensation for a property loss. Homeowners Insurance claims are typically expected to be used to repair the property. It's often paid directly to the contractor performing the repairs so the insured property owners may never actually see the check.
Which will help you when you file a claim for home insurance?
home inventory
