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A homeowners policy takes effect as soon as you have the agent's signed receipt in your hand unless the agent hands you a piece of paper that says otherwise, at least in this state. (It can still be rejected at the office and you get your money back.)
There may be other considerations. It could go into effect when a certificate of Occupancy is issued, or something else is done.
What else can I help you with?
Is a homeowners policy a multiline policy?
No, Homeowners policies are considered Mono-Line
Does a homeowners insurance policy have to have the name of the current owners on the policy?
Yes, of course. The current owners on the policy have to pay for the insurance policy, This is why this policy states that it is a homeowners policy.
What company will issue me a homeowners policy on my home if I have had no policy in place since I have owned the home(13yrs)I need a policy because I would like to take out a loan on the property.?
You can try some of the smaller government funded home loans to see if they will make an exception for your homeowners policy.
Will AAA homeowners insurance policy cover overflow of water from sink?
No. This is not a covered cause under a homeowners policy. This is something that was caused by the homeowners neglect which is not covered under the terms of the policy.
Does homeowners insurance cover demolition?
Yes. That is covered on a homeowners policy.
Does a standard homeowners insurance policy cover the death of the insurer?
No, Homeowners Insurance does not provide the coverage of a life insurance policy.
What if you don't have homeowners insurance?
If you don't carry homeowners insurance and you have your home financed, you are breaking the contract and your bank will take out a forced place policy to cover their interest in the home and you will have to pay the premium which is far more than a homeowners policy. If it's not financed, you take the entire risk of loss upon yourself.
What percent does one get on stolen goods on homeowners policy?
The answer depends on the policy.
Does homeowners cover a murder of a person on the policy?
Homeowners insurance does not generally cover the murder of a person listed on the policy. For that, you need life insurance.
Will homeowners insurance cover university student?
A homeowners insurance policy will cover the interests of the named insured on the policy. It does not matter if the insured is a student or not.
Does homeowners cover removal of honeybees?
No. Damage from insects would not be covered on a homeowners policy.
What does the additional interests endorsement cover on a homeowners policy?
It doesn't, Additional interests are where other entities, companies , individuals, lien holders etc, can be listed as co-insureds on your policy. It has no effect on the underlying coverage.
