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Is your homeowners insurance automatically cancelled at closing when you sell your house or do you have to contact your insurance company to cancel it?
Wiki User
∙ 16y ago
By Law,, Your Coverage, ceases automatically when you sell your home. The Insurance company however will not know your home has been sold right away unless you notify them right away. Should they find at a later date that the sale ocurred they will cancel the policy or non-renew it.
Wiki User
∙ 16y ago
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Is it required to have homeowners insurance before closing on a home in Indiana?
yes
Do you need homeowners insurance before closing?
Yes, Mortgage Finance Companies require that Your Home Hazard Insurance Policy be in place before you can close the sale.
Do you need homeowners insurance the day of closing if you are paying cash for the home?
No. Although it may certqinly be advisable to get an insurance policy to protect your investment, there is no legal requirement that you do so.
Can your homeowner's insurance premium be included in closing costs?
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.
If you move out of your house 30 days before closing the sale on it are you still covered by homeowners insurance?
The policy is 'in force' for the policy period as long as you still own the house.
Can title insurance be purchased after the closing?
If title insurance is not purchased at closing, then it can be purchased later. Generally a title insurance policy can be issued within 14 days of the closing.
I sold my house and my insurance company refuses to cancel my homeowners insurance unless I supply them with a settlement closing statement I live in Florida Is this the law?
If your home is/was mortgaged - the insurance MUST be in effect as protection to the mortgage holder. The insurance company is just making sure that you are not cancelling what is MANDATORY coverage to save yourself some money.
Do you need homeowners insurance the day of closing if you pay cash?
No, the lender is the party that requires insurance at closing because they have an interest in the property due to the loan they are providing for purchase. Since there is no lender, no homeowner's would be REQUIRED. However, since YOU have an insurable interest (because ALL of your cash is tied up in the house) , I would highly advise ppurchasing coverage for your home!
Does homeowners insurance cover damages that the previous owner failed to disclose?
No, the policy is only for occurrences between the coverage dates. You likely didn't start the policy until the closing date so previous damage would not be covered.
Are homeowners insurance quotes needed before purchasing a home?
If you are financing the home purchase through a bank or other mortgage company, you will need to show proof of insurance at the time of closing. I don't think you need to have quotes just to make an offer, but you will need to start getting them if your offer is accepted.
How is the initial home insurance premium paid?
These days it is typically paid by cash, check or charge.
Why jaguar sunroof won't close automatically?
It is possible that the sunroof motor needs to be replaced if the sunroof is not closing automatically. It is also possible that the wiring needs to be replaced.
