expertvillage asked:

Learn about keeping insurance up to date for homeowners insurance in this free video series that will explain all the different caveats of homeowners insurances policies. Expert: Romie Brown Bio: Romie Brown has been an insurance agent for 10 years. He was named one of the top 100 new agents in his company in 1999, 2000 and 2001. He is a 1992 Graduate of the University of Toledo. Filmmaker: Akita McCulloch

greatdame53209 asked:


why on earth did i get a quote of 3500-4000 for 300k insurance on this home? Is the home that damn old?

myservpro asked:

First United Insurance Group Is Honored To Be Serving It’S Community For Nearly Sixty Years. By Offering Professional Service And A Selection Of Products To Suit Your Personal, Business And Commercial Insurance Needs.

Zoubi2 asked:


I am a tenant in an appartment in London with my boyfriend. I’d like to know if I need to get a home insurance for this appartment and what king of insurance (building or content???). I mean, if there is a fire, a window broken or a inundation problem, do we have to pay for it or is it the landlord? Idem in case of burglary?
Finally where are the best place to get it? I tried to get some quote from diverse companies (HSBC, Tesco Insurance…) but the price was crazy: around £250 per year. Is that always that expensive in the UK? (I used to live in Paris and it was less that £40 a year for a complete cover insurance).

Many thanks

Picture this scenario: You remove a damaged plank from the deck on the side of your house, intending to replace it, but you are interrupted and do not finish the project by evening. You tell your family members about the missing plank, but you do not mark the potential danger with a caution sign or tape. You do not anticipate that an acquaintance will stop by that very night and decide to seek entrance from the deck instead of through the entry door. The visitor steps into the opening and falls, twisting his ankle, wrenching his back, and hitting his head. You rush him to a nearby emergency room, shaken but confident that medical bills arising from the accident will be covered by your homeowners insurance. Not so fast, Mr. Do-It-Yourselfer. You can do it, but your homeowners insurance might not help.

The technical term for insurance that covers accidents and injuries on your property is “premises liability.” As a homeowner, you are responsible for maintaining a safe property. If a visitor to your property is injured due to their clumsiness or carelessness, you are not responsible for their injuries. However, if a visitor is injured because of your negligence, then you can be held responsible for any injuries that occur. In the example above, the visitor was injured because of an uneven walking surface that was not marked for danger. The victim could sue with a strong claim of negligence and a possible claim of intentional action.

Your homeowners insurance protects you against claims of injury due to negligence, but most policies exclude coverage for intentional acts, such as booby-trapping your property to catch or injure trespassers or burglars. In the case of the missing deck plank, you removed the board with the intention of replacing it that day. You were guilty of negligence, but not of intentional action. This may be true, but it would not prevent the litigator from alleging both negligence and intentional action.

The distinction is crucial, because your homeowners insurance company is obligated to defend you from all lawsuits regarding injuries on your property, but it is not required to pay damages for all claims. Most homeowner insurance policies exclude damage from intentional acts. If the litigant is able to convince the court that you removed the plank to booby-trap the side entrance to your home, to protect against burglary, for example, then your insurance company would not be liable for damages arising from that claim. If you are in such a situation, your insurer will send you a letter stating that it is paying for your defense against the claim, but it is not agreeing to pay for losses excluded from your policy.

As in all home owner insurance matters, take care to read your policy carefully. If you have questions about your premises liability coverage, ask your insurance agent. You might need separate riders to provide all the liability coverage necessary for your situation.

By: Bradley Steffens

About the Author:

need help asked:


I have lied for years about my dogs breed to my homeowners insurance company and I know that there is some out there that will insure me with a Pitt-bull breed. If someone could please let me know what companys do, or have in the past.

Mrs Librarian asked:


What are the ranges for this score and where do I fall in it. Is this number good or bad? And how it is affecting my homeowners policy premium?

Tarah B asked:


I live in my home and own my home. I recieved an excellent quote for a landlord policy rather than homeowners insurance policy. What are the differences of coverage between the two policies and is there any chance of trouble in the future if I choose a landlord policy over a homeowners policy?…Is that legal?
I am in Texas
the thing I have been truthful and the insurance company has come out and took pictures. They said they could do this legally …I didn’t ask for this policy…I am being begged to switch!

Your home is generally your greatest asset and one that you can’t afford to loose so make sure you don’t skimp on your homeowners insurance.

Unlike car insurance it is not illegal to own a home without taking out homeowners insurance but if your home is financed in any way by a third party lender then the likelihood is that you will have to take out homeowners insurance at least to cover the building.

Homeowners insurance is normally split into two basic categories, buildings and contents. Some people take the risk and don’t take out any insurance against the contents of their home but they probably have never worked out how much it would cost to replace everything they own.

Others don’t pay much attention to the amount of liability cover that is included in their homeowners insurance. For me this is a big risk. If someone has an accident in your home they will be claiming against your homeowners insurance and if you don’t have the cover they could then be looking to you for compensation!

The element of your homeowners insurance that relates to the building covers you for the cost of rebuilding your home and other buildings (that you own) in the immediate vicinity of your home (such as garages and summer houses) in the event of fire or other disasters. You need to make sure your insurance covers you for the full cost of clearing the site and rebuilding your home. Always check out the insurance policy small print to make sure you are totally clear as to what your basic homeowners insurance doesn’t cover which will generally include damage due to natural disasters such as flooding or earthquakes.

You can purchase flood insurance separately, through your homeowner’s insurance provider, but the policy will be with the Federal Flood Insurance Program.

The contents element of your homeowners insurance will cover you for everything inside your home including carpets, curtains, clothes and furniture (anything that isn’t classed as structural). Your homeowners insurance will also usually cover you for lost or stolen cash and credit costs and loss or damage to your personal belongings while off the premises. It’s really easy to underestimate the amount of homeowners insurance you require, for contents, so the best way is to do a full inventory of everything you own.

As stated previously, never leave yourself exposed by not ensuring that your homeowners insurance covers you to a sufficient level for third party liability. If someone trips and falls down the stairs you’ll need good insurance and if you don’t have pet insurance then liability protection could be just what you need if you pet damages someone else’s property.

If you lost your home for any reason your living expenses would significantly increase particularly in the early weeks when you are living in hotels and eating out. Make sure your homeowners insurance covers you for such costs, the level of insurance varies depending on which homeowner’s insurance policy you take out so pay particular attention to the benefits you will receive when getting quotes for your homeowners insurance.

If you are renting your property you need to take out renters insurance rather than homeowners insurance. As you don’t physically own the property you will not be able to insure against damage to the building, only against damage to your own personal possessions.

The cost of homeowners insurance varies depending on such things as level of cover, size of house, type of house, value of personal possessions and the area in which you live. You will need to get a homeowner insurance quotes to get a full understanding of how much your homeowners insurance will cost. Always get several quotes as shopping around could reduce your annual cost of homeowners insurance quite dramatically and, as with most insurance nowadays, shopping online generally results in some of the most competitive prices.

By: Terry Ross

About the Author:

Pax asked:


I contacted my homeowners insurance company to question about a claim for a ***** in the ceiling of my bathroom. IF the cost of the repairs should be less than my deductible, the insurance company informed me that the claim will stay on my record and will affect my premiums regardless. Why is that the case? I was informed that they do not have a code to enter into their system indicating that the customer resolved the matter without assistance from the insurance company. This keeps your premiums up even when you don’t submit the claim. How is that right? It’s seems to border on illegal activity!