Comments for Homeowners Insurance Questions

Comment on What sort of homeowners insurance do I get on a house that I buy to refurbish but not live in? Is cost high? by Gambit

Gambit — Sun, 05 Feb 2012 03:22:10 +0000

You would need a vacant dwelling policy or, depending on the severity of renovations, you may need a Course of Construction policy. Neither of these policies are cheap and offer limited coverage. However any other type of policy would be inappropriate, and if you tried to present the risk as anything else (i.e. a rented dwelling) to secure a better rate this would be considered misrepresentation. At that point your policy wouldn’t be worth the paper it’s written on.

Comment on What sort of homeowners insurance do I get on a house that I buy to refurbish but not live in? Is cost high? by docC

docC — Sun, 05 Feb 2012 02:37:05 +0000

it’s called builder risk ins. I got mine through Nationwide Ins. Not very expensive

Comment on What sort of homeowners insurance do I get on a house that I buy to refurbish but not live in? Is cost high? by Mr. S

Mr. S — Sun, 05 Feb 2012 01:54:17 +0000

you will need to get a vacent policy untinl you move in or rent it out and it will be higher then your homes hopes this helps is there a mortgage on the house?

Comment on Will home insurance cover my house ifa leaning tree falls on it? by Tricia

Tricia — Sat, 04 Feb 2012 01:13:24 +0000

ccall your agent and ask. is the tree on your property? you really need to get it cut down yourself if it’s yours, the damage to the house the deductible you would have to pay, the inconvenience it would all cause wouldn’t be worth it and would end up being more costly. if it’s alreading leaning then it probably won’t take much.

Comment on Top 6 Tips About Homeowners Insurance When You Buy A House – San Diego Realtor and Insurance Agent by kimlong008

kimlong008 — Fri, 03 Feb 2012 00:02:20 +0000

domain name for sale : TISVIP.COM

Comment on How much is homeowners insurance? by mbrcatz

mbrcatz — Thu, 02 Feb 2012 23:51:57 +0000

Somewhere between $ 300 and $ 6,000, depending on a buncha factors.

Comment on How much is homeowners insurance? by Lucky

Lucky — Thu, 02 Feb 2012 23:37:58 +0000

Totally depends on the size of your house, where you live, and how many extras you want. I don’t know if you are in the US and the UK but go to one of the search websites (such as moneysupermarket if the UK) and get some quotes based on your rough details – it’s free, easy, and will only take 5-10 mins. We have a 3 bed house in the UK and we only pay £8 a month for buildings and contents insurance. Shope around, you can always get good deals like that.

Comment on Does anyone have experience with Amica homeowners insurance in Texas? by mbrcatz

mbrcatz — Wed, 01 Feb 2012 22:54:36 +0000

I have experience with Amica in Massachusetts, but now live in Texas, does that count?

Amica is a direct writer. They HAVE no agents, they USE no agents, the people who give you the quotes, are direct employees.

Amica does a fine job. They’re also very fast to cancel you if you have claims.

The BIG thing to worry about here in TX, is COVERAGE. Are they quoting you an HOA or a HOB? Do you know the difference between those two forms?

It’s VERY VERY easy in TX to seriously lowball the quotes, if you’re quoting an HOA against everyone else’s HOB form. To make it more complicated, Amica Lloyds has their own HO3 and HO5 version forms they use here, and Allstate ALSO has their own forms.

You REALLY need to compare coverages, before you can sit down and compare pricing.

Me, I’m in Houston, and MY homeowners is with State Farm. It’s the MOST EXPENSIVE, when I shop it out every three years. So why do I keep it? No, I’m not now, and never have been, a State Farm Agent. It’s just I can’t get better COVERAGE from anyone else. AND, I have a “nonrenewal guarantee” on my policy.

Comment on Is there any type of homeowners insurance that will pay for the maintenance? by heyteach

heyteach — Tue, 31 Jan 2012 23:50:35 +0000

I have no idea where he’s getting his information.

Homeowner’s insurance pays for covered losses–such as a tornado damages your roof–they pay LESS your deductible. You may also end up seeing your rates rise or be dropped for making a claim.

If you had a HOME WARRANTY (as with American Home Shield or such) and the contract covers a water heater that dies or such, then you will pay a service charge and they will send someone out to you. You pay EACH MONTH for this coverage AND their being able to send a reputable repair service to you. IF you did something stupid and didn’t maintain things, then they may exclude the item or put more of the charge on you.

Typically for “small” issues, you fix it yourself or hire someone out of pocket to do it for you.

Can you imagine what it would cost if all the little things were covered by insurance?

Comment on Is there any type of homeowners insurance that will pay for the maintenance? by engineer50

engineer50 — Tue, 31 Jan 2012 23:49:28 +0000

Your friend is probably referring to a home inspection warranty, which covers certain items for a year or two after purchase. Regular homeowner’s insurance does not cover maintenance.