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There is no set answer to this, since it depends on many factors, such as: * How much coverage do you have? * What type of coverage do you have? * What is the nature of the claim (fire, flood, etc.) * Was the house insured for full replacement cost, or less? * Did you also have contents insurance, and was there damage to the contents as well? * Did you also have coverage on appurtenant structures (detached buildings such as a tool shed, etc.)? * Are you sure the policy was already in effect at the time of loss? Many policies have a waiting period before they become effective.
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How much insurance should a family have for a residential home?
The amount of insurance a family should have on a residential home depends on the type of home, the square footage of the home, if it requires flood insurance and if the home owner wants to cover property loss.
I filed a claim with my Home owners Insurance Texas-Farmers Insurance and I wish to do the work myself instead of a contractor to save money then how much does Farmers pay owners for hourly wages?
probably none.
How do home insurance companies determine compensation amounts?
My house burned down and I am trying to file a claim for fire and smoke damage. How do insurance companies know how much to compensate for the damage? Do they look at your inventory list?
Is it worth filing a claim if the total bill is only 300 above your deductible?
It is not worth it. Once you file a claim, your insurance premiums will increase for a couple of years. You should talk to your agent to see how long premiums will increase for and how much your increase will be. I would not file an insurance claim to get back $300. If it was over $1000, it might be worth it.
What should you consider when buying homeowner insurance?
You should consider the area you are living in, whether your home will be prone to much damage. You should consider the cost, whether or not you can afford this insurance and whether or not the home is something that is only a short stop or somewhere you truly want to stay.
How much is business car insurance?
Business insurance depends on your business income and home much you can put forth during a years time. Business car insurance should be pretty standard to regular insurance unless you have multiple drivers added to your plan.
How much insurance do I need for contents of my home?
The amount of insurance you need depends on the value of the contents you own. If you have a lot of valuable items, like collectibles or antiques, then you should invest in more insurance.
How do you calculate how much compensation is due in insurance?
In home insurance you need to get a quote, and the cost to repair or replace is the indemnity amount aka, the amount they will pay to put you back in the position you were before the loss. They do not want you to make a profit off a claim.
Should everyone purchase flood insurance for their home and how do you know how much to purchase?
This obviously depends on your location, not only geographically but topographically as well. You should consult your insurance agent or other resources in your area to determine the best route for flood insurance.
What is the best rated life insurance company?
Life Insurance Corporation of India is the best rated Life Insurance Company of the world, with 30 crore policies (much larger than population of US) with claim ration of 99.95%.
What specialty stores carry a home insurance calculator?
You could find a home insurance calculator on most of the home insurance company websites. You could also ask your insurance company how much it will be too.
Will insurance cover damage to your house when a tree damages it while being removed by you or a contractor?
No, it generally needs to be an "act of God" The contractor should have insurance that would cover it. If you did it, you are SOL. 4lifeguild If the tree fell because of a contractor, they should be bonded and insured (therefore will pay for all damages). If it fell while you were removing it, then your home owners insurance will cover it after you have paid the deductable. If the deductable is $1000 and it costs $1200 to fix it, then it wouldn't be worth filing a $200 claim. Your rates go up by as much as 30% when you file any claim. Do the math and decide for yourself which is the best plan of action.
