NLIC.org

Ida Said:

I want to quote an homeowners insurance but...?

We Answered:

Who in the world is your agent?!?! Where do you live?!

When an insurance company offers insurance in a state, it is statewide. Of course there are some companies that may not offer Home Owners insurance on the coast or within so many miles of an ocean/high tide. I'm am quite sure there are a multitude of companies that would be chomping at the bit to quote you. Start shopping around.

Sam Said:

What does "Workers' Compensation / Employee Liab" mean on my homeowners insurance quote?

We Answered:

In some states, on some policies, your homeowners insurance will provide workers compensation/employee benefits liability coverage for occasional or domestic employees.

It's really on a state by state basis, and in some states, you can add the coverage on a higher end policy.

The workers comp part, would pay for lost wages and medical payments (which you are liable for), for any worker you hired at your house. This could include nanny, housekeeper, the guy that mows the lawn, the guy that cleans out your gutters, or the guy that's painting the shed. The employee liability, pays for your legal defense and judgemetn costs, if someone working for you - not necessarily an employee, but ANYONE working on your premises - is injured, and chooses to sue you over it.

Obviously, the person to ANSWER this question is your agent. If you're PAYING $250 a year for this endorsement (cheap, btw), then maybe your agent is under the impression that you have a full time gardener, nanny, housekeeper, au pair, or such.

There's no COVERAGE LIMIT for workers compensation. It's unlimited. That's why no coverage limit is typically listed for workers comp. It's that way on business workers comp policies, too.

Cassandra Said:

How do you obtain a quote for homeowners insurance on a newly constructed home?

We Answered:

The insurance company doesn't NEED public data to get the records on the house - the owner of the house should be providing all that information. The ONLY public data the insurance company needs, is your credit score, and YOUR loss history.

You apparently haven't talked to any agents, because homeowners policies are written ALL THE TIME on houses like this. Keep in mind, if the house is under construction when you close on it, you need a builders risk endorsement attached to the homeowners policy, which many companies will NOT do.

Yes, they DO take your word for it on material, square footage, etc - because if you lie, or if you are wrong, the penalty come claim time, is YOURS. If you underestimate the value/construction/etc, then come claim time, your claim gets denied, or decreased. So it's in your best interest to be honest. Inspections are mostly to keep the insured honest.

The builder isn't going to care - they've got local building inspectors coming out to check at every stage, and their OWN insurance company coming out to check, too. Your inspector, is just one more guy - they'll hardly notice one more.