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Received a check from homeowners insurance due to hail storn do we have to use the check to repair house or will it effect the price if we sell in the future?
Wiki User
∙ 15y ago
You can spend the money for whatever you desire. If your house was badly damaged and you don't fix it - that would affect the price when you sell.
Wiki User
∙ 15y ago
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What to do if you're denied a homeowners insurance claim for hail damage?
Purchase Extended Coverage that includes Wind and Hail losses with your Homeowners Insurance Policy. This way future losses will be covered.
When a homeowners insurance company pays a claim will they normally increase the cost of the insurance?
It all depends on the type of claim. If the adjuster believes that the claim can be a predictor of future additional risk, he/she will probably recommend increasing rates.
Will you lose your homeowners insurance if your dog bites your neighbor on your property?
Most companies will also give you the option to exclude the dog from future coverage allowing you to carry on with your current policy.
Does a claim for an accident affect your rating when through a credit card?
No..but it will effect your current and future Insurance rates.
What is umbrella insurance?
Umbrella insurance is extra liability insurance. It is designed to help protect you from major claims and lawsuits and as a result it helps protect your assets and your future. It does this in two ways: Provides additional liability coverage above the limits of your homeowners, auto, and boatinsurance policies.
Can your homeowners insurance be cancelled due to old shingles?
The HO co has the right to cancel your policy or non-renew if you fail to take care of your home so yes. Replace your roof. A canceled policy makes it very difficult for you to get insurance in the future.
Tell you about risks associated with future generali insurance?
please answer me risks associated with future generali insurance
What should homeowners purchase to protect their devices from future problems such as this?
A surge protector, Apex. :D
Is homeowner liable for hidden liability. Present owner of property bought home. Manhole was cemented over by previous owner causing a blockage in sewer line shared by neighbors. Is homeowner liable?
NO, you would not be liable for an unknown, undisclosed, pre-existing condition as described. Neither homeowners insurance company would likely consider the situation a covered peril under the terms of a home insurance policy. This seems to be a maintenance issue that would need to be addressed by the individual homeowners. It would be advisable that the homeowners contact a plumbing service and have a separate sewage access main installed on each homes property to facilitate future maintenance.
What insurance companies offer homeowners insurance if you've had 2 claims in a year?
Not many, You will have to look around a bit to find an insurance company that will accept you now and you will probably be paying a lot more for it. What companies will be available to you will depend on which state your home is located in. Depending on the nature of those claims and whether you have taken measure to mitigate future losses you may be paying anywhere from 2 to 10 times the rate you previously had.
How do you use insurance in a sentence?
Insurance is a future financial security from little present savings.
What is the future of general insurance business in India?
The future of general insurance business in India looks quite promising. Many people are finding insurance to be important and an essential component to their day to day lives.
