Question by elizabeth: Can my homeowners insurance co pay a claim and then try to recoup their money via another lawsuit?
When my son was living with us he was involved in an altercation with a neighbor. That neighbor is now suing us via our homeowners policy for injuries he sustained as my son was defending himself. No arrests were made, but the police were called. If the insurance company decides to pay the claim, now that my son has his own home, will my insurance company try to recoup their money by suing my son?
The top answer:
Answer by webwanderer Hard to say! Check with an attorney! If your son was truly defending himself, I would guess he would “be off the hook!” If not, then you might have a serious problem.
Question by amy g: Can you get money off your homeowners insurance for an auto accident?
I was in an accident where I didn’t have insurance on my vehicle and neither did the other driver. Am I able to use my homeowners insurance to get money to pay for medical bills from the accident? My husabnd said someone at work told him about this, but I have never neard of it before.
The No 1 answer:
Answer by Sunidaze I’m thinking someone was probably pulling your husband’s leg. People may have a multiline policy with their insurance (auto, home, fire, life, etc.) but it needs to be specified which policies they have.
Watch the video below and then please leave a comment to let we know what you thought about it.
Insurance may be necessary, but it doesn’t have to be expensive. Our money reporter Stacy Johnson has been giving us ways to save on insurance all month. Today he explores homeowners insurance. Video Rating: 5 / 5
Long story short, I have a mortgage on a house that is vacant and unliveable. My normal insurance was just dropped b/c obviously the house doesn’t meet certain requirements. I don’t have money to pay the house off, but I need insurance on it because it is mortgaged. Can anyone give me some options?
Since the federal government pays out billions in disaster relief (DR), why not have property owners pay into them instead of money hungry insurance companies. When you receive money for a loss from DR, taxpayers are kind of paying themselves and the defecit isn’t raised as much.
what does everyone pay for homeowners monthly etc and how much is your home worth? Just trying to see around the type of money we will need to shell out for insurance
I have had an inspection of the home about 4 weeks ago and that was where my concerns started. The home owners were home so I was not able to to tour the entire house with the inspector. The inspector noticed that the siding will need replacing in about 5 years. After walking throught today I noticed that there is a hole in one door (that was not noted on the inspection or by myself earlier) and that the siding is in bad shape (starting to rot and peel away in areas – much worse that I noticed before.) The siding is a type of board. The insurace company says a step has to be placed on the front of the house within 60days on the purchase for them to cover home owners insurance. Can I back out of the purchase for the items I noticed? And at what cost if any? I feel as if I was pressured by my agent to purchase thsi house for the price. I can afford it, but I feel like I could have offered less, but my agent told me that I should offer more “no one writes offers back and forth anymore
The inspection is past the point where amendments can be made (so I am told) since closing is in two days! I noticed these things as I walked through today. Eventhought the mortgage has been approved and everything is set for the closing can amendments be made yet? Or more negotiations? I was not aware that the insurance would not cover the house unles the step was paced in until today. The step is onl $300 but still, that money was not a planned investment at the moment. Thank you for your responses, they are very helpful.
The inspection went well, accoriding to the person who performed the inspection. But I felt rushed since the home owners were at the home. I noticed that the siding is in worse condition than (satisfactory) today. I wonder if there is another inspection that could be done for a second opinion? (The house has appraised at $1000 more than what we are paying. We did make an offer and then there was a counter offer but we were never informed that we could counter the counter offer (sounds funny but this is our first home purchase)
I am getting ready to buy a house and I am getting ready to switch my car insurance into my own name from my parents. I have to add homeowner insurance on to the policy. If I stay with the same company will I have to pay money down like for a deposit?
