A question from DMb1: How to get Homeowners insurance after bankruptcy?
Only serious answers please. State: CT (Fairfield County)
Need homeowners insurance for condo. Dropped for making late payment. Have condo over 15 years and never made any claims. Recently filed bankruptcy. Need insurance asap. Are there any insurance carriers that rely more on claims history than on credit these days? This is first time I have ever been dropped.
Most detailed answer:
Answer by MSAD Go sit down with an independent broker. That’s an agent that writes for several companies. They should be able to place you.
You can get insurance. However, you may have to pay more for it than you did in the past.
Take a look at this video about home insurance and then leave your thoughts below.
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A question asked by Bonnie Girl: Is there anyway to get decent homeowners insurance at a cheap price?
My husband and are in the process of purchasing a small home. We are seniors living on a fixed income and have to watch every penny. We have two weeks to find the homeowners insurance and they all seem to be so high in price. Does anyone have any ideas how we find an affordable homeowners insurance?
The best answer:
Answer by wfr21 You need to have a policy to satisfy the Bank unless you are paying cash for your house. The homeowner hazard insurance your Bank more than likely requires you to purchase is an all risk policy called an HO3, one that replaces your house, and replacement cost is what the insurance company uses to base its premium that they charge you. Usually the Bank in not concerned about the amount of deductible you include in the policy so remember the higher the deductible the somewhat lower the premium. I would ask an insurance company to provide you quotes on an HO3 with several deductibles like $ 500, $ 1,000 and $ 5,000 to see how affordable those premiums might be for you. Liability and medical payments cost very little and having them may prove to be important so having $ 300,000 or $ 500,000 liability and $ 2000 or $ 5,000 medical payments won’t break the bank. You can always make changes to your policy AFTER you purchase the house as long as you comply with the Bank’s policy.
If you live in states like Florida or the Hurricane alley states you may only have a few companies to choose from whereas your choices will be numerous in most other states. Find an independent agent to help you with your search and don’t begrudge him his commission when he finds the lowest cost premium insurance even though it may be more than you want to pay.
Question by HannaRN: How much is home insurance for a log cabin in North Georgia?
I’m interested in purchashing a log cabin in the North Georgia mountains. How much would home insurance cost if the home is approximately $ 160,000?
The No 1 answer:
Answer by mbrcatz17 Oh, thousands and thousands, IF you can find someone willing to do it at all.
Most companies won’t insure log cabins. Many don’t want extremely rural properties (lack of fire protection). Part time residences, well, companies don’t like to write them stand alone.
Ask the current owner how much he pays, and who it’s with – then call them, and ask them if you were to buy it, would they write you a policy, and how much would it cost.
A question from kmcdonald: Will home insurance cover tree roots causing water to enter my basement?
I live in montana, and tree roots have grown under my foundation and drawn up ground water, created a path for the water to follow, and separated my foundation from my footing allowing water to enter my basement. Will any home owner’s insurance cover this type of damage or repair? It is a city tree, would they be liable? Thank you.
Most detailed answer:
Answer by James Ask them
Whether you agree or disagree, why not leave your own thoughts below.
A question from Anne: Does Statefarm home insurance help us pay for the move to another house?
Hello every1,
I would like to know if any1 know if the Insurance company will help u pay for the moving if u have home insurance? Thanks in advance!
Most comprehensive answer:
Answer by djaca70 No, their job is to protect the property and its contents in case of loss.
How about adding your own answer to the comments below!
A question asked by SASHA123: What company is your house insurance through?
Who insures your house and are you happy with the premium amount?
The No 1 answer:
Answer by macman I think the more important question is were you happy with your insurance company after you had to file a claim. it is easier to be happy when you are just paying premiums and have no claims/losses. i advise you check into consumer ratings of different companies; i believe Clark Howard -a consumer advocate- has info about this on his website. also get everything in writing and keep notes regarding all conversations with anyone in your insurers office. we were with state farm for many years, had no complaints (premiums were not out of line with norm) and then we had a claim and have been/are extremely dissatisfied. good luck!
Combine this video with the excellent questions and answers given throughout this blog to improve your knowledge of house insurance.
As the health insurance reform debate enters into its final stages in Congress, the President denounces the desperate and deceptive last-ditch efforts of the health insurance companies to derail it. October 17, 2009. (Public Domain) Video Rating: 4 / 5
A question asked by Richard F: Will my homeowners insurance cover two vehicles that were crushed by my carport?
In Dallas, TX yesterday we received almost a foot of snow at my house. I had two of my cars under a carport that collapsed under the weight of the snow on the roof. One was a convertible and one had T-tops. Both appear to be crushed as the convertible roof didn’t support any weight when it fell. One car has liability only and the other has no insurance at all. I have homeowners insurance through Safeco. Will it cover the damage to my vehicles or am I screwed?
Best answer:
Answer by Karen B Typically not. If they weren’t your cars and you had some negligence in the damage it might but since it sounds like they are your cars and the snow caused it they will NOT be covered under your homeowners policy. Sorry
Question posed by star: How much does homeowners insurance cost in the Miami area?
Im doing a project and I would like some information about how much homeowners insurance cost in the Miami area…
Selected answer:
Answer by Fritz Since it depends on the value of the house as well as construction materials, this cannot be answered without more info. Call an insurance agent and ask.
