Home Insurance-Home Owners Insurance

quackadiledundee asked:


My wife and I are in the process of buying a house. We were able to get an 80/15/5 mortgage totalling about $450,000 with no problems since our credit scores are both in the 780s. However, when we applied for home insurance we got rejected. We were shocked to find out the “insurance” credit score in New Jersey is about 790 which is in the bottom 20%. We have never owned a home before and never filed a claim under renters insurance. I tried looking up an explanation online through truecredit.com and some of the reasons made no sense such as I have not had the same credit card for at least 18 years. That would have meant that I would have had to have a credit card since I was 16.

Can someone please explain the madness? The insurance agent, our real estate lawyer, and the bank have never heard of such an instance where the mortgage was no issue but the insurance due to credit is.

Craig Similien

Adam S asked:


I’m buying a new home and changing my auto insurance carrier, what insurance company can offer me the best deal when it comes to providing both home and auto insurance in a combo package?

Monroe Delanuez

lipnmin asked:


We are in escrow buying a 2nd home (vac property) and are having a hard time trying to figure out what type of home insurance we need to get. Our current company is saying we need commerical insurance if we are going to rent it out. Whats the difference between them? We arent sure if we will rent it out. Help…?

Sanford Ace

Adam S asked:


What do I need to ask to be covered in my home insurance plan?

Eugenie Bourgoin

Mikierz asked:


Does the ordinary home insurance policy cover those homes normally not in hurricane areas-for hurricane and wind damages? Are we paying for insurance were not covered for?

Arnoldo Petrelli

love_people_please asked:


I have no idea what I should be looking for and what a home insurance covers. Do I need separate insurance for personal property and flood and a earthquake…?

Sommer Darland

Magnix2k asked:


for my rental property? Is it a good idea to switch home insurance to rental insurance when a tenant is living in my rental property just in case if they smashed some holes on the wall, or some damages on the property?

Thanks!

Raul Pritchell

Gentle Jeffrey asked:


I’m looking for a trust-worthy auto and home insurance. What are good companies?

Chuck Boege