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I Made a Claim and My Homeowners Insurance Was Cancelled
Most often, insurance policies will only be canceled for the following reasons: 1) if the policyholder fails to pay the premium, 2) the policyholder files fraudulent claims, 3) the policy holder is convicted of a crime, 4) the policyholder makes changes to the property causing the property not … Continue reading
How Much Insurance Coverage Do I need for my Home?
Many factors can play into the amount and type of coverage you need for your home. Some of these factors include: The value of your home. The type of home you live in. Whether or not you have a mortgage … Continue reading
Can I Own a Home Without Homeowners Insurance?
The Law does not require that you obtain homeowners insurance. However, most financial institutions who hold your mortgage will require your home to be insured for at least the amount of your loan. The reason for this is that the financial … Continue reading
Posted in Homeowners Insurance, How Does Insurance Work
Tagged coverage, homeowners insurance, owning a home
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Is Money from an Insurance Company taxable from a house fire loss?
The underlying principle of property insurance is the principle of indemnification, or payment to cover your loss. Insurance companies main goal is to protect you from a loss. With respect to homeowners insurance, you can expect protection from the losses you incur … Continue reading
Does My Homeowners Insurance Cover My Possessions When I’m On Vacation?
Yes. Your homeowners insurance extends to all your possessions no matter where they are. If you take a Florida vacation and lose an item, as long as the loss is by a covered event or peril, the location does not matter, … Continue reading
Posted in Homeowners Insurance, How Does Insurance Work
Tagged covered, homeowners insurance
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