If you live in California – the sunshine state – or have a house there, you probably have you home owners insurance in order. Most people are concerned about what will happen if their home is damaged by fire, leaks, tornados or whatever that can possibly damage it. Unfortunately some people “forget” this important aspect of owning their own home. Although this represent a minority of home owners, we have too many examples of home or house owners that didn’t had their insurance in a proper condition when the accident hit them. Such unfortunate and sad circumstances are complete unnecessary to get trapped into, if you do such a simple thing as take care of your insurance needs.
There is a large choice of homeowners insurance California has to offer. These, also known as home insurance, is an insurance policy that combines many personal insurance protections which may include any losses that may occur to one’s home or any of its contents, loss of other personal possessions of the homeowner, additional living expenses or liability of any insurance policies that cover accidents that may occur at home. In most contracts however, damages due to natural calamities like earthquakes, floods etc or war are not covered.
There are different types of policies based on whether they cover a property for a fixed period of time, which is most common, or on a perpetual basis – these however are not available in all localities. Insurance companies arrive at a price for a homeowner’s insurance policy by assessing the cost that would be incurred if the house in question had to be replaced and the number of additional household items that have been insured. Insurers also consider factors that increase safety of the locale in which the insured property is placed to reduce insurance premium.
The Statefarm homeowners insurance policy was introduced in 1955. It attained the status of the largest providers of homeowner policies in the country by the year 1964 and has been able to keep these numbers up ever since. They have a strong presence in California and their unique ‘Good Neighbor Service’ promises efficient handling of a claim request which they have proven this time and again having stood the test of time.
While offering a broad spectrum of protection, they also are available at reasonable rates and excel when it comes to delivering customer delight. Apart from home insurance, they also deal with auto insurance, renter’s requirements, life and health insurance, business insurance etc among others.
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Help answer the question about home owner insurance
Are there any companies that will give you a home owner's insurance if you have any medical problems?My sister and her husband have tried to get home owner's insurance but were turned down. She said they were denied because her husband is a diabetic and she is considered obese because of her weight She may be overweight BUT not obese. They need the insurance in case of one of the other's demise in the future that the home will be paid for. They are purchasing a triple-wide mobile home in North Carolina. Can you please give me the name(s) of insurance companies that will be able to give them home owner insurance in North Carolina.
Thank you all for your assistance in the aforementioned matter.
Ro (Henderson, NC)
For home insurance the best way to get a great quote is do a policy comparison on home policies. Make certain that you compare similar options with the same deductibles, home type, location, etc so that all things are a good comparison.
What I always recommend is an online comparison quote at
http://best-home-insurance-comparator-usa.blogspot.com/
since they have top name home insurers and can give several quotes on home insurance polices.
Home insurance covers lots of different things. I'm not sure about Oklahoma laws and regulations, so I suggest you contact a nearby homeowners insurance agent. Or this site may help you to compare many home insurance companies at once
http://best-home-insurance-comparator-usa.blogspot.com/
Hope this help,
KJA is correct.
1. You need to speak with the agent regarding your policy and what "changed". It may be that the change was necessary to comply with your mortgage company. However, he has to notify you of things like that. If it is not necessary and you don't want it, they will need to take the charge off your bill.
2. Contact your mortgage company to see if there is any money left in escrow to cover the additional cost if it is necessary. They will also need to take that into account to properly collect your escrow.
When you rent, have the prospective tenant fill out a rental application. These applications are usually at a store that sells legal forms. You can get lease forms there also. Make sure they fill out all the information, and sign the application. Charge $15 to $20 for the application. If they refuse to pay, do not consider them. Call their employer and ask for human resources or payroll, not their supervisor. Tell him what they stated as monthly income and length of employment "Is that correct?" His monthly income should be three times the amount of the rent. Do not check his present landlord. Check his previous landlord. (the present guy may lie if he wants to get rid of him). Ask if he was a good tenant, was he a good payer, why did he move, would he rent to him again. Check court records. In my state this can be done on line. I look for evictions in the last three years. I look for judgments in the last three years, I ignore traffic tickets. I look for misdemeanors in the last three years. I look for felonies over the last six years. If you discover any of these, avoid him. If you can find a local place to get a credit check on him, do that. I judge credit by the score only. In a very poor neighborhood the score should be 530 or better. 580 to 630 in a better area. Best wishes.
Honey, likely your problem isn't your credit, it's your location.
NO ONE is writing new policies in Florida right now. You'll have to go to an independent agent, and end up with Citizens – they are the ONLY game in town. Florida windstorm for the wind, NFIP for the flood, Citizens for the rest.
There isn't ANY competition in Florida – you could have an 800 credit score, and it wouldn't change anything.
Your original company isn't the ONLY one leaving Florida – the very few companies that aren't flat out leaving FL, flat out aren't writing ANY new policies.
Yes, it's going to cost you an arm and a leg. Yes, you'll have to pay your annual premium up front. Yes, it's going to be like this for the next few YEARS, at least. And yes, the prices for Citizens, Flood, and Wind are going to skyrocket over the next few years, because Citizens is VASTLY underfunded ($80B in funding, including lines of credit, $400B in insured properties – if they were a REAL company, any state would put them in receivership for not being financially solvent).
Meanwhile take the next few years and knock yourself out to get the credit situation fixed – because if/when the insurance situation gets repaired in FL, THEN you're credit score will be an issue.
But to answer your direct question, yes, in ANY state except California, an insurance company can refuse to write your homeowners policy due to low credit score.
Guns and dogs don't affect your rates.
What affects your rates the most, are:
1. your credit score
2. how much it will cost to rebuild your home
3. how high your deductible is
4. which "extras" get added to your policy
5. what your house is made of (brick or wood)
6. how old your house is
7. where your house is located
8. your prior claims history, AND your house's prior claims history
If you don't own the house yet, the answer is, buy a brick single family home less than 20 years old, in a suburban neighborhood. Increase the deductible to $1,000 or $2500. Getting a quote with the same company that writes your car insurance can give you a discount on BOTH policies, up to 25%.
If you already own the house, look at increasing the deductible, to $1000 or $2500. If the house is over 20 years old, and/or you've done any big projects on it, make sure the insurance company knows. Usually there are substantial surcharges on the policy, unless the wiring, roof, electric and plumbing have ALL been updated within the past 20 years.
And for both, be sure to stop using credit cards, pay off your accounts, close all but the oldest, get your credit score cleaned up. There's a HUGE difference in rates, just between the guy with a 750 score and a 550 score.
**I've never seen a company surcharge or discount for felling trees, for gun ownership, or dog ownership. All they do is decline to WRITE you in the first place.**
First of all, they are not looking for Homeowners Insurance. That is insurance on the house to protect them against fire or other damage to the house. What they are looking for is mortgage life insurance which will pay off if one of them dies. Since they have health problems, the best bet would be to go through the company where they have the mortgage. It will probably be impossible to find a company that will insure them outside of the mortgage company itself. Try that and good luck.
To get an accurate, fair quote, talk insurance broker. A broker works with many different companies and can find the best coverage and company for you. To find a broker, log onto a website like http://www.homeownerswiz.com and request a free quote. Be sure to ask about earthquake insurance, which you must purchase separately. One of the nation’s largest earthquakes occurred in Missouri in 1812. Chances of another may seem remote, but consider the downside: You will have a home you cannot sell and cannot afford to repair, because your home equity will be wiped out.
Negligence on the part of the homeowner does not invalidate your coverage. Many property losses are caused by the owners negligence (i.e. unattended candles, forgetting a pot is on the cooktop range, wood burning stove is not installed properly or forgetting to turn off the tub faucet) but insurance pays the claim.
By the way you did not have a "flood". The above poster is correct that flood is excluded but in your case it was water damage due to broken plumbing.