 Let's Say A Spouse Dies? |
| and he leaves life insurance behind, but she has no money saved up to bury the spouse as it is costly. The life insurance he left behind is $600,000. How long will it take her to get the $, and will ... |
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 I want to know if an insurance can refuse to play benefits because of exclusions in policy drugs were found? |
| drugs were found in my sons body yet he was not a drug user the insurance com said they were hiring an independent investagator and I thought they would investagate his death which they didnt and ... |
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 Can someone help me in regards to health insurance? i am helping my mom? |
| set up health insurance for her my dad and my sis. all are in good health ages are 48, 48 and 17. I am setting them up through blue cross blue shield online. What things do i need to look for? I am ... |
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 How does mail get postmarked? |
| If i drop a letter in the mail on April 15th, no matter what time, will it be postmarked April 15th or the day it is picked up?... |
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 Workmans compinsation? |
| how does my small company go about getting workmans comp?... |
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 I have 45k in my 401 the company is closing in a few months waht should I do? I'm out on workers comp now? |
I had a work injury and have been out of work for about a year now.
The company will not let me take any money out because I'm not working.
What sould I do?... |
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 What are the limitations on a life insurance policy? |
| I would like to know if I can take a life insurance policy on my daughter's father and list her as the beneficuary. I really would like to ensure she is taken care of in case something will ... |
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 For lifetime protection which insurance plan is best - whole life, universal life or variable life? |
| i want a lifetime coverage for income continuation, & asset protection. which do you think is the best taking everything into consideration?... |
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 Would you purchase health insurance or put the $ in a savings account? |
| I have been debating whether to get health insurance thru my employer or putting that money in a savings account. I currently have no insurance, but leaning towards it. Everyone I speak to, however, ... |
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 How much can I pay for life insurance? |
| I want to buy insurance for my kids to put aside for college. I'm in my 40's and is a smoker. How much will i be paying?... |
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 What's the best term life insurance to go with? |
I think I need around $250K. I'm 47. Healthy. Don't smoke.
Best company? Cheapest? There are so many choices out there its confusing.... |
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BabyMittens911 | Is it required to have home insurance for a house you aren't living in? |
I am moving into a new house right now
travelers insurance cut my home insurance for my old house
Is it required for me to have home insurance for the old house?
Additional Details
I live in PA |
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mbrcatz
|
No, there is no LAW that requires you to carry insurance on a house. If you own the house free and clear, feel free to let it sit there uninsured.
if you have a mortgage, your mortgage requires you to insure the house. If you don't insure it, the mortgage company will insure their part of it, and bill you about 5x what it would cost you to insure it. If you don't pay, they'll foreclose. |
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riccardo r
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If you own it Yes! I recomend you Get your own insurance separately from your loan company the one they offer is more expensive then you going out and getting one from an Insurance Company! and you will always need insurance on a loan.!! ALWAYS no way around it. 2nd if you are living in a home and you dont own it. You will only need renters insurance which covers only your personal belongings. If you are renting out your property then you need; depending on the state you live in. But normally it's only fire Insurance no Personal Belongings. |
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bud68
 |
If you have a mortgage, your lender undoubtedly requires insurance - but if the house isn't owner occupied, you need to modify the coverage. |
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Lori S
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If you own it, it might not be a requirement, but it's a darn good idea to have it! If you don't own it, no. That is the responsibility of the new owner and/or renter. |
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Arash
 |
if you have another interested party (Loan, mortgagee, lienholder) you may be required to carry Minimum Hazard insurance.
Once your OLD carrier cuts this insurance, your LOAN company MAY GET a notice of REDUCED or Cancelled insurance... at that time, they may at that time or a point in the future but insurance on your behalf if they feel your insurance does not meet the loan companies MIN requirements of HAZARD insurance (Fire, Water, Lightning and sometimes FLOOD if your in an area designated as such)
"even if nothing happens" they can buy a policy on you "retro"
and bill you, normally 3x the going market rate..
If you do not have a 3rd party, and your home is not in an association of Homes that REQUIRES a min insurance, then you normally do not need to have anything...
You should carry at least carry "LIABILITY", if someone should get hurt on your property if you do not care to cover the structure...
Contact your AGENT/Broker.. they should be able to direct you best
and expand on the things I started here for you
BEST OF LUCK
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car253
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There are great answers here!!
If you still have your old home, are your renting it out? If so, you need a rental dwelling policy. It is not required if you do not have a mortgage, but if it burns down or someone gets hurt, its a good policy to have.
Are you selling the old home? Is that why you do not want insurance on it? Or are you renting it? I do not understand why Travelers cut or cancelled your old homeowners insurance on your old home. I would call and ask them why they did that. |
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Insurance Pickle.com
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If you have a mortgage you must....if you don't have a mortgage, you'd better have insurance. Does that even seem like appropriate risk really? |
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Garret C
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Home insurance covers lots of different things. I don't understand all the fine print of my home policy, but my homeowners insurance agent is always helpful. Try calling your agent or a agent in your city. http://www.easyhomeinsuranceguide.com They should be able to help you. |
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