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If a person has a living trust that allows them to live in the home for as long as they live, they would still be eligible for a homeowners policy. The policy should be in the name of the person living there and the trust name should be listed as an additional insured. This way the home is covered which is legally owned by the trust and the contents are protected as they are owned by the person living in the home. Both are protected by the liability coverage.
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Does homeowners insurance pay your house payment if you cant work?
No.
Does my homeowners insurance pay for your loss of pay when you fall in your own home and out of work?
No
Is a work trailor cover by homeowners insurance?
No a work trailer would not be covered by your homeowners insurance. Anything used in a business is not covered under your homeowners insurance. A trailer to be attached to a vehicle would be covered for liability extended from whatever it is attached to but physical damage for the trailer itself would have to be purchased on a separate policy or a commercial fleet policy.
Can you work as a real estate agent and sell insurance at the same time?
Yes. In fact, many people sell houses and homeowners' insurance, cutting out another salesman and making you have a better chance of making the commission because you are already seen as trust worthy in their eyes.
Will homeowners insurance not cover a child's stolen motorbike and only ATVs if they service the property?
you are correct homeowners will not cover a motorbike, that is a policy by itself. as for the ATV, it would have to be used for farm or other type work, not personal, to be covered on homeowners. again, ATV insurance is a policy of its own as well.
How does homeowners insurance work when stolen items are recovered?
Once the insurance company has paid the claim for stolen items they become the legal owners of the items.
Does homeowners insurance cover lost day work due to disaster?
Homeowners Insurance and Lost wagesNo, Homeowners Insurance typically does not provide coverage for lost wages of a homeowner. They generally do provide coverage for additional living expenses during a covered loss that will help you pay for temporary living accommodations such as a hotel bill or a temporary apartment while your home is repaired. By providing additional living expenses it is reasoned that any loss or work could be kept to a minimum helping to mitigate encumbrance of the property owner to be gainfully employed.If your disaster is regional in nature in that your place of work also has been damaged then you could likely seek temporary relief through your local Unemployment office until such time as your employer is back in business.If you are self employed from your home then hopefully you carry Business interruption coverage under your Business or Commercial Insurance policy that would cover lost income.
Does homeowner insurance cover a contractors mistake?
The contractor should be bonded and carry liability insurance and you need to require proof of this before they start. Homeowners insurance is not meant to guarantee work on homes.
How do you make homemade firecrackers?
First you ask your parents (whom I presume are at work) if they have homeowners, medical coverage and liability insurance, then you...
Will homeowners insurance pay for work tools?
yes but recovery is limited to a specific dollar amount depending on where they are stored at the time of loss.
Does a homeowners insurance covers workmanship defects?
Homeowner insurance doe snot cover quality of workmanship provided by your builder. The builder would have his own Commercial policy to cover the contractors work. Most homeowners also purchase a Home Warranty for this type of loss.
Will homeowners insurance cover cost of electric company work on adjoining property caused by downed tree on covered property?
Yes. But the electrical company's insurance co should cover it if they are at fault.
