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What type of insurance is recommended for landlords?
Landlords need a special type of insurance. When you live in the same property as your tenant, you need "unit rented to others" coverage. When you are renting out a second home, you need to let your insurance company know. Homeowner's insurance is considered a DP-1 policy, which will pay the depreciated value of something, and DP-3 which will pay the replacement value of something, at today's values.
Can you get home insurance on a home you are renting?
You can buy insurance on whether or not it will rain tomorrow. This is just to show that you can insure anything. Now for your question. I'm not sure I completely understand it. You cannot insure something that you don't own so if you mean can you insure a home that you are paying rent to live in then no. You can purchase a homeowners policy to insure your contents inside the home as well as your liability should you be sued by someone hurt on the property. This would be an HO-4 policy form. If you are asking if you can insure a home you are renting to someone else for them to live in then the answer is also yes. You would need a dwelling fire policy that stipulates it is tenant occupied which can be a DP-1, DP-2, or DP-3 depending on the condition of the property and the coverage you desire. You will also want to make sure you endorse the policy to provide liability coverage as well and to cover any property inside the home that you own.
What is needed to add home insurance to replace a forced insurance policy?
Cancel the forced insurance policy and add terms and conditions to your homeowner policy.
Does your home insurance cover damage to your car from falling tiles during a storm?
No, Homeowners insurance does not cover damages to your automobile. Your home insurance policy is property insurance for the specified structures and real property listed on the policy. Cars are not listed as covered property on your home insurance policy, that's what auto insurance is for.
Can you insure a Baldwin organ on your home insurance policy?
You can insure a Baldwin Organ if it holds value to your home in your home insurance policy. You have to make sure that the policy covers not only that, but other valuables within your home.
Can I transfer my Corpus Christi home insurance policy to my new house in Detroit, Michigan?
Yes is my answer, because home insurance policy can be shifted
How does comprehensive policy differ from fire policy?
There is no such thing as a comprehensive homeowners policy. What you are probably thinking of is a HO policy or Homeowners policy. Their are 2 common policy's sold that are homeowners. One is an HO-3 and the other is an HO-5. These policy's provide a wide range of coverages compared to just a DP-1 or DP-3 policy. DP is a dwelling fire policy. This provides just very basic perils on a policy. Pretty much it just covers wind, fire, weather, and a few other basic things. Mark Owner of Denvers Insurance
How do you find out who your home owners insurance is with?
If it is your home, just look at your insurance policy. It will always tell you the name of your insurance company.
Does homeowners insurance cover storage for a corvette stored in garage?
No. Vehicles are covered under an Auto Insurance Policy, Not a Home Insurance Policy.
Does mobile home insurance cover flooding?
Usually flood insurance is a separate policy, for mobile homes or any other kind of home. Check the details of your policy, but normally flood insurance requires a separate policy or rider.
What are the limitations of a contents only home insurance policy?
Depending on one's policy and specific insurance company. The limitation or drawbacks of a contents only home insurance is just that. The policy will only cover the contents in one's home if there is a fire or a robbery some times. The policy would not cover any damages that were made to the home by natural storms etc. Depending where one lives it is the law to have home owners insurance or renter's insurance to live in a dwelling.
Will your own home owner's insurance cover your damages if your Texas neighbor's pit bull bit you but neighbor's home owner's excludes dog and neighbor has no assets?
No, Your Home Owners Insurance policy will not invoke. Your neighbors Home Insurance policy will also not cover if the animal exclusion exists on the policy. there will be no coverage forthcoming from your neighbors Home Owners Insurance policy. It has become common practice to exclude damage and injury resulting from ownership of vicious animals from Home Owners Insurance Policies around the country. Your Own Medical Insurance Policy however will invoke and afford coverage for your medical expenses. Other expenses such as loss of income may also be covered by your medical insurance depending on the coverages afforded by that policy.
