Homeowners Insurance

More in Homeowners Insurance

Who Gets an Insurance Claim Check: The Contractor or Homeowner?

w insurance companies handle claim payments varies. While individual states have their own requirements for how companies must respond to claims, different insurers also have their own guidelines for processing claims. But it may help to have a contractor present when the ...

What Happens to Homeowner's Insurance When a Person Dies?

meowner's insurance covers a specific home. It is sold to a specific person or persons who own the home. It cannot be automatically transferred to a new owner. When the owner dies, a new owner inherits the property. That new owner must purchase his own policy. Within time ...

What Can You Do If Your Homeowners Insurance Won't Renew Your Policy?

ing dropped by your homeowners insurance company is an unwelcome surprise, but don’t panic. State laws requires the insurance company to provide you with notice ahead of time so that you can find new insurance. For instance, in Massachusetts, the insurance company must ...

How Long Do Homeowner Insurance Claims Stay on Your Record?

surance companies use scores to determine a consumer’s risk in much the same way that lenders and creditors use credit scores. Various factors go into insurance scoring models, including the number of homeowner claims you file, and the number of claims on your record can ...

What Is Protection Class for Homeowners Insurance?

ur insurer didn't pick the cost of your homeowners insurance premium out of a hat. The cost of your policy is based on things such as the value of your house and how vulnerable it is to fire. The Insurance Services Office has 10 protection classes that measure fire risk. Which ...

Will Homeowner's Insurance Cover Sump Pump Failure?

might be one of the worst feelings in the world: Your basement is flooded and there’s no sound coming from the sump pump you installed to stop the incursion. For people living on flood plains, adding flood insurance is common practice, but even they might not know that ...

How Do You Get Your Homeowners Insurance to Pay for Your Leaking Roof?

leaky roof needs immediate action before future rains risk structural damage, mold or water damage of your personal belongings. Insurance companies typically don't pay for damage from long-term leaks so immediate attention also increases your chances for reimbursement for ...

How Much Personal Liability Coverage Do I Need on a Homeowner's Insurance Policy?

ile owning a home has many advantages, it also comes with certain liabilities, such as your personal responsibility for accidents that occur on your property. Personal liability insurance is part of most homeowner's policies, and can help protect you against financial loss if, ...

The Average Budget Percentage for Home Insurance

st as the "average American family" with 3.14 family members does not actually exist, the national average of total income spent on homeowners insurance has little practical relevance to anyone's particular housing situation. The percentage of your income you are ...

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