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If your home burns down and cars are in the garage which insurance policy pay for the autos?
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If you have a classic car that is not covered and it cause a fire and burns your home Will it be covered by the homeowners policy?
Yes, Your homeowners Insurance Policy will cover fire damage to your home.AnswerYou better contact your insurance agent on that one.
If a homeowner is on prescription drugs and drunk leaves candles burning instead of using the oil lamps and home burns down what are the percentage of insurance paying?
Depends on the specifics of the insurance policy. Without reading the policy, nobody can answer the question.
What happens if you finance a home and it burns down?
IF the home is financed, the lender will require fire and hazard insurance. The policy will at a minimum cover the lender's cost.
You have insurance on your home but no replacement insurance What does this mean?
HOAIt means our policy is based on actual value rather than replacement cost. It means that the insurance company is not guaranteeing you the replacement of your home if it burns down. For example, your insurance policy limit is $200,000, but the cost of replacing your home is $210,000, if you had a replacement policy, the insurance would pay for the replacement of your home despite the fact that your insurance limit is only $200,000. However, the insured value at the time of the loss is usually required to be at least 80% of the replacement cost before your policy is covered on a replacement cost basis.
What happens if you lose home insurance and you are paying a mortgage?
If you do not get another policy the mortgage company will procure its own policy which will only cover your home. The policy covers the bank's interest, not yours. For example, if your home burns down, the "forced placed policy" will not cover any damage to your contents.
What is the definition of debris removal in the context of an insurance policy?
debris removal in terms of an insurance policy is the required amount needed to clean up your lot in case of an insured loss (ie fire) For example if your house burns to the ground, there will still be debris lying around in which there are fees to have it removed, certain insurance policies will cover the debris removal others will not.
What does the company Burns and Wilcox specialize in?
Burns & Wilcox is an independent insurance broker. They specialize in excess and surplus lines of insurance. They also offer car and homeowners insurance.
If a lamp burns your carpet is it covered in homeowners?
A lamp burn on your carpet may be covered by homeowners insurance. It will depend on the policy that you have since all policies and companies are different in what they cover.
Does home owners insurance cover broken wells?
It depends on your policy, what is broken and how it broke. A lightning strike which burns out the well pump is probably covered. A collapsed well casing due to age is probably not covered.
What happens if your house burns down and you have no insurance?
you ring Laura brady
Why do tennants need to pay insurance?
You only need insurance if you want any of your belongings covered if the building burns down, someone breaks in your home and steals your items, someone trips on your steps and sues you for injuries. These would be a few of the reasons that you may want to purchase insurance on your belongings. You can only insure your items in the home and not the building that you are renting. You can only insure something you own. The person renting you the home cannot charge you for insurance on the home. You purchase your own policy just covering your furniture, clothing, etc and liability. Your policy will not pay for his property and vice versus.
What perils is covered on an H08 policy?
An HO-8 policy is generally made for an older home in a situation where you may not want to carry the amount of insurance it would take to rebuild the home as it is. This policy is an Actual Cash Value policy which means that they will pay claims based on what the real estate value of the home is rather than what the replacement cost of the home is. An HO-3 requires that you insure the home for the amount that it would take to rebuild it as it is with similar material. In this case, a homeowner may not want to pay for $400,000 of insurance when the home is worth $100,000 on the real estate market. With an HO-8 or HO-10 policy you can purchase $100,000 of insurance and if the house burns the company will pay you $100,000 for the home plus the amount for you contents inside the home.
