Archive for April, 2010
Is it legal for a home insurance company to require renters insurance for a domestic partner?
margherita asked:
NYS….When i mention it to other brokers they say it is not necessary and are surprised that they are requesting it. I don’t see the reasoning behind it other than another way to bilk people. He does not rent and is not a tenant.
I had Allstate and they are not renewing due to hurricane risk. Go figure.
This may sound unusual but The contents are not my concern. I just want home owners insurance because the mortgage company requires it. To require me to have anyone living with me to also get renters insurance seems fishy. why would someone be able to sue him if they get hurt? Wouldn’t they have to sue the owner of the property?
Thanks for your answers but you guys are making me paranoid. You’re better off living alone and not having any visitors.just in case something should happen….which probably never would anyway.
Eun Arre
NYS….When i mention it to other brokers they say it is not necessary and are surprised that they are requesting it. I don’t see the reasoning behind it other than another way to bilk people. He does not rent and is not a tenant.
I had Allstate and they are not renewing due to hurricane risk. Go figure.
This may sound unusual but The contents are not my concern. I just want home owners insurance because the mortgage company requires it. To require me to have anyone living with me to also get renters insurance seems fishy. why would someone be able to sue him if they get hurt? Wouldn’t they have to sue the owner of the property?
Thanks for your answers but you guys are making me paranoid. You’re better off living alone and not having any visitors.just in case something should happen….which probably never would anyway.
Eun Arre
Can a home insurance company increase the amount of insurance on your house without your request?
isabell asked:
Of course when the amount of insurance in increased, the insurance premium also increases. I have only $125,000 left on the mortgage and insurance company has increased the insurance to cover a value of $305,000. Real estate value of the home is $450,000. My credit rating is excellent and I have not had any insurance claims
Doreen Cunningham
Of course when the amount of insurance in increased, the insurance premium also increases. I have only $125,000 left on the mortgage and insurance company has increased the insurance to cover a value of $305,000. Real estate value of the home is $450,000. My credit rating is excellent and I have not had any insurance claims
Doreen Cunningham
How do you get paid when selling home insurance?
SF2AZ asked:
I am considering getting in the insurance field but would like to know a little more before going through licensing. I am trying to establish long term residual income and was told by selling home insurance @ 30years a pop given my clients stay with me I could achieve this. I am bilingual and can generate leads and understand some agents can even work from home part time. Can someone please explain a common pay scale on say a $100,000 home policy that goes for the full 30 year term. Thanks
Benedict Steinmann
I am considering getting in the insurance field but would like to know a little more before going through licensing. I am trying to establish long term residual income and was told by selling home insurance @ 30years a pop given my clients stay with me I could achieve this. I am bilingual and can generate leads and understand some agents can even work from home part time. Can someone please explain a common pay scale on say a $100,000 home policy that goes for the full 30 year term. Thanks
Benedict Steinmann









