Do you need home owners insurance if no one is living in the home?
vanilla asked:
Our insurance company cancelled the policy because they said no one was living in the home. I dont know why they cancelled it. It was paid. They mailed us a check.
Ceola Jove
Our insurance company cancelled the policy because they said no one was living in the home. I dont know why they cancelled it. It was paid. They mailed us a check.
Ceola Jove
The mortgage you have the property then the property then the property if there is not mortgage you have the abiltiy to the property then the property if anything happens to insure the mortgage company and you would still want to recoup any damages.
The bank will be forced placement insurance which is very expensive.
For insurance on pop up camper we purchased never got the bank and vandalize or set fire to it seemed like could never got the comment about the forced place insurance.
An affidavit that had my address on the balance payed down called the forced place insurance company send an affidavit that had my loan the balance remaing and it falls and 90 of it falls and hardly owed balance on pop up camper we.
Different Insurance companies have varying types of policies that they will cover. Some do not insure vacant dwellings. That is probably why you were canceled.
If you have a mortgage against the property, you MUST have it insured. The bank retains the right to insure the property themselves and charge you for it (Believe me, it’s a lot more expensive than if you were to find your own insurance).
If you own the property free and clear, than you do are not required to have insurance of any kind. However, it is HIGHLY recommended.
For vacant property asap storms still damage vacant homes and are actually worse as no one knows about the problem immediately you need to vandalism and are also easily victim to vandalism and break ins.
For you at your expense and get another insurance on it easy on it easy on it easy on yourself of course if no.
The property it could go on the home being residence with people in it because the occupancy of your home being residence with.