Skip to main content

Questions tagged [home-insurance]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
1 vote
1 answer
51 views

How do insurance policies with separate underwriters(?) work?

I have a condo insurance policy with GEICO that is separately underwritten (not sure of the precise term) by Travelers. If I want to get basically the same policy underwritten by Travelers, but not ...
mattm's user avatar
  • 2,136
0 votes
0 answers
127 views

Cost of an Umbrella Policy

About me, I am single and I own a car. I also own a home. I live in New Jersey. I recently got a quote on a 5 million dollar umbrella policy and a quote on a 10 million dollar umbrella policy for my ...
Bob's user avatar
  • 1,673
2 votes
1 answer
125 views

If property is a rental, does *only* landlord insurance cover me?

Sort of unsure if this should be in law stack or here... I have seen online that landlord insurance is decidedly different from standard home owners insurance. If my property is a tenant-occupied ...
Runeaway3's user avatar
  • 2,898
3 votes
1 answer
222 views

Does PMI removal effect homeowners insurance?

Imagine a homeowner has a loan of $500k. The loan also has a PMI of about 150$. But the home value increases. The homeowner calls the bank to get the PMI removed. The appraised value comes out to 650k....
wander95's user avatar
  • 131
3 votes
2 answers
258 views

Why does our home insurer want to know details of a previous policy with another insurer?

Our house has some external 'staircase' cracks, and is likely affected by subsidence. We have got in touch with our insurance company about this, and they have started the process of investigating the ...
8128's user avatar
  • 131
1 vote
1 answer
126 views

What happens to your Costco home insurance if your Costco membership lapse?

If you bought a home insurance through costco but then you don't renew your costco membership, what will happen to your home insurance? Does the insurance premium go up?
Mas's user avatar
  • 183
1 vote
2 answers
579 views

Homeowner's insurance and alleged business misconduct

In the US homeowner's insurance usually also covers liability for unintentional acts, such as knocking over a vase in someone else's home. Suppose someone is accused of an act that would be a business ...
Gerard Ashton's user avatar
11 votes
2 answers
7k views

Can a homeowners insurance demand that I perform specific maintenance at my home?

Our insurance company sent someone out to take photos of our home. They then sent us a letter stating we must fix cracked windows and remove any foliage that is near or hangs over house and out-...
Michael's user avatar
  • 111
2 votes
1 answer
1k views

Mortgage escrow and insurance premium refund

I live in Florida. Two months ago my mortgage company sent payment (almost $5K) to my previous home insurance for auto-renewal. I found another insurance company to cover my home for far less and ...
DL72's user avatar
  • 121
3 votes
1 answer
2k views

Can an executor to a will renew insurance policies of the deceased person?

A mother, with a relatively high net worth, dies while owning a home. While she was alive, she had home owners insurance and a personal umbrella policy. While the estate is being settled, her son ...
Bob's user avatar
  • 1,673
3 votes
0 answers
231 views

Home insurance roofing scam?

I feel so dumb in hindsight. A roofing company approached me in my neighborhood while I was out walking my dog. They said that they had been called by one of my neighbors to give an estimate on roof ...
Michael Brandon Morris's user avatar
2 votes
1 answer
366 views

Can unpermitted work cause an unrelated insurance claim to be denied?

For example, if I install a deck on my property without a permit and then a hurricane rips my roof off, could the claim get denied? Or if I install drywall in my garage and turn it into living space ...
Josh K's user avatar
  • 29
2 votes
1 answer
892 views

What happens to prepaid HOA fees when HOA goes under?

I have been considering paying HOA fees in advance and lowering my my emergency fund. Is this good or bad? My idea is that if I can make mortgage and HOA fees 6 months in advance, I would say that my ...
heretoinfinity's user avatar
1 vote
4 answers
442 views

If a home has increased in value, why would an essential component of the home depreciate?

My parents bought a new home a few decades ago, and since then the value of the home has increased significantly. They just told me there is some damage to the roof (which is the original roof) and ...
7529's user avatar
  • 3,753
0 votes
1 answer
1k views

understanding 150% replacement cost on homeowner's policy

We'd like to switch our auto insurance from Company A to Company B because the premiums are significantly lower. Because both companies offer discounts for bundling home and auto, it might make sense ...
nuggethead's user avatar
  • 2,081
3 votes
1 answer
229 views

Should I lower the liability limit on my homeowners insurance to match the minimum required by my new umbrella insurance?

I just got an umbrella insurance policy (from USAA); my homeowners insurance policy is from a different company. Currently the homeowners policy has a liability limit of $500,000. Now, the umbrella ...
Robert Tupelo-Schneck's user avatar
0 votes
2 answers
444 views

Apartment owner is listed as Additional Insured on renter's insurance policy

I have concerns about liability protection with my current renter's insurance policy in the US in the state of Texas. I would like to understand if there is anything more I can do or push on my ...
jia103's user avatar
  • 141
1 vote
2 answers
195 views

In USA, is it possible that the increase in value of a private home is eaten by property taxes or property insurance?

I have lived in a rented apartment for some time, while contemplating whether to stay in this area long enough to buy a home. Some friends have been telling me that I could recuperate the mortgage ...
alec's user avatar
  • 202
1 vote
2 answers
188 views

Should I increase my policy limits when the rebuild costs greatly exceed the mortgage?

I recently changed providers for my home insurance and as part of the process, they sent somebody to conduct a driveby inspection of the property to verify that there weren't any factors which would ...
Pyrotechnical's user avatar
0 votes
1 answer
57 views

Investing Home Insurance Premiums in Exchange for Higher Deductible

I have recently Feb 2021 paid off my home mortgage. I also have no other debt. My home insurance is $1800 per year with two deductibles based on the Dwelling $284,000. Fire = $5400 Hail and Wind = $...
Mary Doe's user avatar
  • 759
0 votes
2 answers
305 views

Is there a renter vandalism insurance

I'm renting out my house soon, it there some kind of insurance I can buy to protect me from renter vandalism? I'm living in the Northeast coasts of the US.
user1187968's user avatar
3 votes
2 answers
447 views

brand new townhouse, confused about HOA insurance

We bought a brand new townhouse from a developer. It is a small complex with 2 townhouses (single bulding, sharing wall) and a detached single home. They are all in the same condominium which was ...
user21479's user avatar
  • 133
1 vote
1 answer
130 views

Homeowners insurance - dwelling replacement cost

When shopping for homeowners insurance you would most likely get quotes from different companies that have different dwelling replacement cost. They use publicly available information about the home ...
user1201405's user avatar
1 vote
1 answer
611 views

new roof with insurance claim

i got my roof redone recently and insurance paid 22k and it only cost 18k to replace .my name was on check with the roofing company ,so i signed it and gave the check to the roofing company. i have ...
angela's user avatar
  • 11
2 votes
0 answers
68 views

Insurance on investment property, is replacement cost commonly required by lenders?

TLDR: Is it common for mortgage lenders to require insurance with "replacement cost basis" on investment properties? Background: I have owned a rental property (3 units) for a few years. ...
Daniel K's user avatar
  • 645
5 votes
2 answers
83 views

Insurance for expensive items in carry-on moving from US -> Canada

I'm repatriating from the U.S. to Canada. My apartment is ending my lease on the day I fly out, then I'll be staying in a hotel for a while before moving to permanent housing. I have some antiques ...
justforplaylists's user avatar
39 votes
2 answers
5k views

House lost in fire.. tax impact?

Like hundreds of others, I lost my house (primary residence) during the Oregon wildfires in September. I had purchased it just two years ago, so still have ~$210,000 on the mortgage. My homeowners ...
Ask About Monica's user avatar
4 votes
2 answers
256 views

Who is responsible for the yearly incorrect payment of my homeowners insurance?

The company that originated my home mortgage (in 2016) transferred the loan servicing to another company very shortly after we bought our house. The new servicer has been an incredible pain to deal ...
Moshe Katz's user avatar
0 votes
1 answer
126 views

Can a HO-6 insurance policy cover a master insurance deductible claim from before I moved in and started the policy?

I moved into a townhome in summer 2020. I just got a letter from the homeowner's association stating that they are claiming insurance from a hail event back in July of 2019 (a year before I moved in). ...
Yoshiyahu's user avatar
  • 143
3 votes
0 answers
222 views

UK - What difference would having a "paying guest" lodging in your house make to your home insurance?

I am currently in the process of buying my first house, and had thought about potentially letting out the spare room to a lodger some time in the future. Having just paid for a home insurance policy, ...
Noble-Surfer's user avatar
9 votes
1 answer
235 views

What to expect from subsidence repairs

Our house is being damaged by subsidence. The insurer agrees and has accepted liability (actually, passed it on to a specialist third party). At present they are monitoring the situation and ...
Paul Johnson's user avatar
6 votes
1 answer
299 views

What kind of insurance do I need for my little house in a garden?

There is a small house located in my orchard in Germany. The orchard contains mostly fruit trees and is situated in a landscape protection area. The house has two stories and is built of stone, but it ...
Lehue's user avatar
  • 205
2 votes
3 answers
47 views

Home insurance offers from Chicago Title's affiliations

After entering an escrow for a home purchase we have received an email (legit) from a company affiliated with Chicago Title with quotes. I hadn't yet come to this step mentally. We're still in the ...
perennial_noob's user avatar
1 vote
0 answers
118 views

Home insurer asked for proof that my windows can withstand 110 MPH winds

I'm renewing the policy. Got a good quote from Metlife, gave him all the info, even entered CC#. Then he suddenly says his "underwriter" wants something on letterhead stating that my home can handle ...
user1334767's user avatar
2 votes
3 answers
237 views

How do insurers justify raising premiums after no-fault claims?

I don't know if it applies to other countries, but in Canada practically all auto and home insurers routinely raise your insurance premiums after you make a claim, even for not-at-fault and purely ...
mustaccio's user avatar
  • 522
2 votes
1 answer
134 views

Is it normal to delay initial payment on home insurance by escrow/mortgage company?

A few years ago, I bought a home. The mortgage company had( have) the escrow. One thing that bothered me, is that the mortgage company is supposed to pay the Home Insurance and the amount was deduced ...
puzzled's user avatar
  • 1,016
2 votes
1 answer
210 views

What happens to the insurance payout on home insurance if the policyholder dies when the home is destroyed?

After talking to my dad the other week, he mentioned his home isn't insured, because he can't afford it. I've been looking up policies which would suit him, and I'm planning on paying for the policy ...
Agent's user avatar
  • 21
0 votes
2 answers
374 views

How do I make a State Farm policy change without an agent?

My agent is only available when I'm working. When I call "after hours", I always get in touch with another human who seems helpful, but won't make changes for me. She says I need to speak to the agent....
lmat - Reinstate Monica's user avatar
2 votes
2 answers
171 views

What factors should be considered while buying home insurance?

I own a flat/home/unit in an apartment. I recently paid off all may outstanding mortgage. While the mortgage, the home-insurance was owned by (in name of) bank which is now cleared off. As there is ...
Aastik's user avatar
  • 727
0 votes
0 answers
56 views

Total Claim Amount vs Claim Checks Amount

Some damage was done to my house. I received 2 checks from the insurance company: Check payable to me AND the bank in the amoutn of $x to cover damage to the house Check payable to me in the amount ...
lf215's user avatar
  • 73
2 votes
1 answer
51 views

Switching homeowners insurance - are there any considerations to take into account during the transition period?

My current homeowner's insurance has bungled a recent repair and I'm ready to move to a new company. I have done the research and found a firm that I feel very comfortable with. I'm planning to switch ...
Brian R's user avatar
  • 1,866
26 votes
6 answers
10k views

Why would a home insurer offer a discount based on credit score?

Recently I received a letter from my home insurance company: Thank you for being a Gore Mutual customer. We're working hard to ensure that our products are competitive. And we want to provide ...
200_success's user avatar
  • 1,713
0 votes
0 answers
161 views

New mortgage co reversing claim decision by old mortgage co

I had a claim in March of last year due to hail/storm damage. The claim was paid by insurance to me and mortgage co. Then the mortgage co sent all the payments due, out to me in my name and the ...
Eileen's user avatar
  • 1
23 votes
8 answers
7k views

Should homeowners insurance cover the cost of the home?

I'm buying my first house and getting quotes from different homeowner insurance companies. I noticed a lot of them are only quoting me for about 90% of what I'm paying for the house. When I asked one ...
TheStrangeQuark's user avatar
2 votes
1 answer
1k views

Can I pay off mortgage in full to keep my insurance claim check?

I've received an insurance claim check due to water damage in our house and the check was made in my name as well as my mortgage company's name. We believe that we can do the necessary repairs for ...
Aj Hawshuk's user avatar
2 votes
2 answers
187 views

What are things to look for when buying home insurance?

Rolling around to another insurance renewal period on my homeowner's policy. Aside from the premium and deductible (lower is better) and the coverage level (higher is better), what are the ...
Derek_6424246's user avatar
3 votes
2 answers
128 views

Home Insurance companies and underwritten policies

I am in porcess to buy a home in San Diego. As it has been covered relentlessly in the news lately, it is not a secret that Southern California is very prone to fires. Now, I am shopping around for ...
Lost's user avatar
  • 1,601
2 votes
2 answers
1k views

Can I partially repair what home insurance paid for?

My home has water damage from a faulty gutter, that basically created a waterfall that splashed on one particular part of the stucco. The water eventually bubbled the exterior paint in that ...
D E's user avatar
  • 29
4 votes
1 answer
424 views

Earthquake insurance, deductible as a percentage, better to take lower coverage amounts?

I live in an area that's at a high risk for a catastrophic earthquake and I've been considering switching my home insurance to a company that also offers earthquake insurance. All the companies I've ...
Elliot B.'s user avatar
  • 403
2 votes
1 answer
111 views

How do I buy bundled insurance policies?

I currently have separate policies for home, auto, and term life insurance with three separate companies. I've read in multiple finance Websites that I should consider whether bundling policies with a ...
Spencer Joplin's user avatar