 Is my insurance liable or not? |
| Back in the fall I called a profesional paint co. to get my vinyl sided house painted. they came out in the spring and said " Good news we have a new product that makes it so we can paint your ... |
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 How can i get compensation for smoke damage ? |
| I have a lot of smoke damage in my apartment form a burned house next to me how can I get compensation to the smoke damage I have in my apartment and who should I call to get compensation . I ... |
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 How to get a Life Insurance policy? |
Is there a way to get a policy on somone with out them knowing?
My son's father is not involved and broke. He doesn't always live a careful life. I just wondered if there were a way ... |
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 Is there a time limit in reporting an insurance claim by law toyour insurer?? |
| Is there a specific time limit to which you need to obide to when reporting a Stolen Van claim to your insurer, by law??... |
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 Re Going to Jail for not paying insurance,? |
| This seems a bit extreme just for being a couple of days late by accident. And since the bill has been paid which was only $44.00, And it couldnt be reposession the house is paid for. I think I am ... |
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 Renter's Insurance who will accept pit bull? |
| Which insurance companies will give me renters insurance with a pit bull??... |
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 Bob Brown was recently involved in a minor auto accident. His car was hit from behind, and he, in turn, slamme |
| Bob Brown was recently involved in a minor auto accident. His car was hit from behind, and he, in turn, slammed into the car in front of him. He would like someone to explain his coverage and show ... |
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 Health Insurance For Companys with 75 or more Employes.? |
| I work for a Trucking company with over 75 employes .I have worked there for 15 months, other employes have insurance from the company,is there any time limit or a law that has to do with Company I... |
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 I require insurance fo a non profit morris dancing troupe? |
| i run a morris dancing troupe and want to insure about 30 girls for compertitions and practice nights for accidents whilst dancing or traveling to and from ... |
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 Insurance for pre- existing condition? |
| My friend was recently diagnosed with a brain tumor, she has scheduled a MRI for march and then they will determine whether she can go through surgery. The problem is she had recently exchanged ... |
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 My car was damaged by paint overspray at my job. Shouldn't my boss or his insurance be liable? |
He would not pay or file on his insurance so I filed on my insurance. He told me that if my insurance tries to make him pay he wil fight it. Shouldn't he be liable?
Additional Details... |
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 What is the best insurance company? |
| I'm looking for a company that offers life, auto, and home insurance. Good rate and customer service.... |
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 I am married and living out of my parents' state, can I still be under their auto insurance policy? |
| The car is registered in their (my parents) name with me as the main driver, but our agent is telling us that I should get my own separate insurance. Do I need to do this, or can I still be covered ... |
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 What insurance agencies provide supplemental unemployment insurance? |
| Hi. I have learned recently that my company will be going out of business and I will be let go in about 2 months. I need to find a company that will pay supplementary unemploymnet insurance (on top ... |
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Eggie | I am buying my first home. Should I buy mortgage insurance? Which one can take care of the property damage? |
I am going to buy my first house and since i have 20% down, I don't have to buy the private mortgage insurance. Since i am sure I will pay off my house within 5 years, my friend does not suggest me to waste money in the mortgage protection insurance. however, I would like to buy insurance to protect house damage, like fire. any suggestion? any idea about the price? |
 |
 
Sue
|
That is called homeowners insurance (a bank will call it hazard insurance). Call a local independent agent to get quotes. They will ask a lot of questions about you and your house. Please call at least 2 weeks before the closing so if there is an underwriting issue (old wiring, underground oil tank, old roof, etc) it can be addressed before you close.
The price would depend on the area you live, the replacement value of the house (NOT market value), the age of the house, your credit score, etc. So, you will not be able to get any type of price here. |
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acermill
|
You are somewhat confused about assorted insurance coverage here. PMI (private mortgage insurance) only is required in cases where you have less than roughly 20% down payment. This insurance covers the mortgage lender in the event of your possible default. It covers NOTHING for you.
You CAN purchase mortgage insurance which will pay off the entire amount due in the event of your death, or other policies which will cover your monthly payment in the event of disability which prevents you from working.
However, insurance to cover the actual premises will be REQUIRED by the mortgage lender, should the property fall victim to fire or other similar disasters. Such coverage is generally called 'homeowner's insurance', and will protect you and your lender from catastrophic loss to the value of the premises. |
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bud68
 |
"Property protection" is part of homeowner's insurance and the lender will REQUIRE you to carry that. Not sure what you mean by "mortgage protection insurance" - are you referring to life or disability protection? |
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Anthony Penn
 |
If you owe more than 80% LTV ( loan to value ) on the property and it is a prime mortgage yes you will be required by your lender to carry it.
If its a subprime mortgage you wont be charged pmi because it will already be factored into your higher interest rate.
If your talking about homeowners insurance you will be required by your lender to have it , and if you dont think its a good idea, thats not the correct answer. Fires, natuaral disaster, someone hurts themself on your property , these are things you cant control. |
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40acres
 |
What you want is homeowners insurance, and yes you definately need it. Ask your real estate agent for recommendations of people s/he works with. And also, if your house is in an area that is likely to flood, you need separate flood insurance. |
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Sugarlump
 |
There are number of options.
On mortgage protection insurance - there are two levels. One is life cover - if you have any dependents you may need to consider their ability to pay the mortgage should you die.
The other is protection against sickness or accident that stops you from working - again could you meet the payments if this happened. With the latter insurance be sure to buy a stand alone policy (moneysupermarket.com has a variety on offer if you're in the UK)
For insurance covering fire etc, you'll need a buildings and contents policy (some mortgages are mandatory that you buy buildings cover) This will ensure the structure and what's inside is protected. Here you'll need to check the value of items you can cover through the insurance aswell. SOme policies are more generous than others.
On price moneysupermarket makes it easy to compare prices quickly and easily - just remember to check what level of cover you get and any exclusions on the policy you choose to buy. |
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