Category Archives: Property Insurance
Who places the amount of personal property insurance coverage on a homeowners policy?
Is it based on a percentage of the "dwelling" coverage? I have 7,000 on my home and 4,000 on my personal property. It sounds outrageously high to me, when compared to the home itself. I know that I never gave anyone that figure.
How does Valuable Personal Property Insurance work?
The other day I was getting in my car after leaving an ATM, and the person (who seemed to have a gun) approached me and asked me for my money and then I guess he saw my ring and asked for that too. I reluctantly gave them up, knowing that I have my ring insured, … Continue reading
What would happen in this situation with regard to the sale of a property, insurance, etc?
Suppose a person purchases a house and because they do not have proper credit, they have a guarantor for the mortgage. Soon after purchase, the house is severely damaged by a fire. It is put up for sale at a drastically reduced price – maybe 50% of what the buyers paid for it. What would … Continue reading
How do I figure ACV for a contents personal property insurance claim?
I just posted earlier. I have another question. I tried to complete some of this personal property inventory worksheet that Statefarm gave me….It asks me for Replacement Cost, and then asks me for Actual Cash Value. It seems I have to depreciate the item. How do I depreciate an item like my sofa?
How much can I expect to pay in business property insurance?
I’m planning on starting a small business from my house. Mostly it will be doing design work for people over the internet. I won’t have any people coming to my house and I’ll be doing very little traveling if any, however I will have about k worth of software and equipment at my house that … Continue reading
Will property insurance compensate for damages under the following conditions?
Home has an unpermitted room and bathroom downstairs. There’s damage caused to the home such as a fire let’s say, and the source of the damage is *not* the unpermitted units. Would insurance still provide compensation? I’d hate to have to cough up all the money to legalize these units, which came with the house … Continue reading
How much a rental house property insurance should cost?
I rented a house and the mortgage company says I need to have rental insurance. I do not want to cover my tenants stuff, just the house in Nevada. Thanks I own the house
how can a person with bad credit, who owns a home find low property insurance?
i mean, can such a person get property insurance
What happens if you spend a home property insurance claim on something other than the repair?
We had a claim on our property from gutters and fascia falling in January from an icestorm. We ended up having an emergency and used the claim money for something else and did not do the repairs…. can we get in trouble for that? We definitely won’t claim it again and hopefully come up with … Continue reading
What do i do if they recover my stolen property if insurance has paid me?
My home was burglarized and the insurance is gunna send my check in the mail soon,the thing is the cops might have caught the guy we thought it was.If it is in fact the right guy and i do recover my property do i have to send the check back or what do i do … Continue reading