Home Insurance-Home Owners Insurance

ghmag asked:


I’m planning to purchase a townhome and the assessments does include common insurance. I’ve been told it doesn’t protect any misc assets I have in my home in case a disaster occurs. I want to factor this into my monthly expense estimates. I’m looking for a purchase price at $200,000. How much should estimate for homeowners insurance? Is it a monthly and annual payment?

Thanks

Hedwig Beacom

Richard F asked:


In Dallas, TX yesterday we received almost a foot of snow at my house. I had two of my cars under a carport that collapsed under the weight of the snow on the roof. One was a convertible and one had T-tops. Both appear to be crushed as the convertible roof didn’t support any weight when it fell. One car has liability only and the other has no insurance at all. I have homeowners insurance through Safeco. Will it cover the damage to my vehicles or am I screwed?

Calista Lovings

mackenzie b asked:


I thought it was legal for them to require you to have homeowners insurance, but not for the mortgage company to decide who you have to buy that insurance through.

Courtney Rakoczy

eddie813 asked:


About a month before she died, my Aunt transferred her house into my name using a quit claim deed. We did not talk about her homeowners insurance. After she died, I could not find any information on who her agent was or who the company was. When the premium bill came, I promptly paid it. About a month later, the company sent a letter asking if anyone was living in the house. The house is vacant. I gave them details on me and a copy of the death certificate and the deed and explained the situation. I never heard from them again. The question is, typically, does coverage cease when the insured passes away? Or does it automatically transfer when the house changes ownership? The house is free and clear by the way.

Cristopher Zahourek

MLE asked:


There are two large maple trees in my backyard. They were planted when the house was built in 1955. Recently we had some plumbing work done on our house in the basement crawlspace and the plumber told us that the roots of the trees are starting to come into the basement. If they continue they will damage the foundation of the house. Is removing the trees something that my homeowners insurance will cover because they are damaging the house?If so what do I need to do to get them to cover it?

Katheleen Ellcessor

Love&Harmony asked:


I have an assignment where I have to calculate the maximum amount I can borrow for a mortgage and my instructor told us to include the costs of property tax and home insurance in the calculation. however, I always thought that homeowners insurance was paid monthly for an indefinite time period. so how am I supposed to include the cost of insurance?

Alexander Fry

snctygrl797 asked:


My son was spending the night at a friends house when a fire occurred and he suffers from 3rd degree burns possibly needing skin grafts. We cannot afford these costs and they have homeowners insurance.

Ching Hotaling