Archive for November, 2009
Who pays for the home insurance when you let your house?
asked:
I ask this question on behalf of my friend, who lives in Malaysia. He wants to know what the law in England will be in this case.
I ask this question on behalf of my friend, who lives in Malaysia. He wants to know what the law in England will be in this case.
My friend is gonna let his house to another, so that he can have some income. A question arises: They need to buy a home insurance in case there is an accident like fire. Apparently in Malaysia, a homeowner doesn’t have to buy insurance for his house.
So in this case, who should pay for the home insurance, the homeowner or the tenant? I mean, the rental period is 2 years, and the insurance, if paid, will cover for 2 years only.
Maudie Lane
Why home insurance companies are sensitive to lapses in the insurance?
francine asked:
When I shop for a home insurance I am always asked if my home is currently insured or if there are lapses in my insurance policy. Some companies outright refuse to give me a quote when I tell them that I haven’t had home insurance in the last 3-4 months. I am wondering why this is important for them?! They just referred to their company policy and did not give me any meaningful reasoning. Who’s the best company for home insurance? Thank you for your answer.
Arianna Fairey
When I shop for a home insurance I am always asked if my home is currently insured or if there are lapses in my insurance policy. Some companies outright refuse to give me a quote when I tell them that I haven’t had home insurance in the last 3-4 months. I am wondering why this is important for them?! They just referred to their company policy and did not give me any meaningful reasoning. Who’s the best company for home insurance? Thank you for your answer.
Arianna Fairey
What deductible should I get on my home insurance? ?
Silver M asked:
My friend says I should get a 2500.00 deductible and only use it for emergencies. He said if I get a small deductible and use it for non emergency stuff that my premiums would go up alot. He says he saves that extra money in premiums in case he ever gets something small to fix and that in the last ten years he has never had anything happen. I just worry that I might have something happen. I **** insurance and think it’s a rip off for most people.
Loretta Loseth
My friend says I should get a 2500.00 deductible and only use it for emergencies. He said if I get a small deductible and use it for non emergency stuff that my premiums would go up alot. He says he saves that extra money in premiums in case he ever gets something small to fix and that in the last ten years he has never had anything happen. I just worry that I might have something happen. I **** insurance and think it’s a rip off for most people.
Loretta Loseth





