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Eddie Said:

Do you pay the Roof Contractor pror to installation?

We Answered:

no not until the job is done,

Phillip Said:

Home owner's insurance for condominium house?

We Answered:

1. As a general rule, in the states that allow it you should take an HO6 policy - for condo owners. It's pretty broad. If you live in an earthquake or flood zone, you'll have to balance out your risk vs. the master policy coverage vs. your loan agreement vs. how much you can afford to lose. In hurricane prone areas, frequently you have seperate wind coverage, NOT built into the standard policy.

2. impossible to tell without reading your bylaws. You need to know how much of the structure YOU are responsible for - studs in? drywall in? paint in?? and how much the master policy deductible is (you need at LEAST that much in building coverage)

3. Yes. But that doesn't mean it's going to be easy to get.

4. No. If you're in Florida, it could be $6,000. If you're in Iowa, it could be $300. Plus it's based on your credit score and claims history.

You really need to sit down with your agent and go over all these things with them. Bring a copy of your bylaws, so they don't have to guess.

Kirk Said:

Any way to remove the need for unneeded and unwanted flood insurance on a home?

We Answered:

Unfortunately there is no way you will be able to have this requirement removed if you want to buy that house. New flood zone maps have been drawn & many areas have now been noted as being in flood zones that were not previously rated as such.

No bank is going to give you a mortgage without fulfilling this requirement so your other option if you still want to buy this house is to get private funding (you can find private funding through a mortgage broker who might, might do the financing without the flood insurance but you will probably have to pay anywhere from 1/4 to 1 percent more in interest) or pay cash for the house or choose another house.

Also in response to another poster insurers are not the ones to inform you if flood insurance is required -- they can tell you what flood zone the house is in, what the rate is, etc. It is up to the bank to inform you if flood insurance is a requirement to be approved for a mortgage.

Good Luck

Vickie Said:

Backdated homeowners Insurance Policy?

We Answered:

Get a new agent. Your agent should have picked up the phone and called you when your policy lapsed to see if you intended for it to.

Andre Said:

What is an "executor letter" or "letter of administration?"?

We Answered:

It is the court order from the probate judge that the judge approved whomever was the executor of the estate of the person that died.

You should be able to get one from the person that was the executor/executrix. If probate wasn't required, there may not be one.

In Washington, it is called a Letter of Testamentary.

I would think a certified copy of the death certificate would be a more proper document for this. Those can be obtained at your local vital statistics office. You may have to prove relationship to get one. They don't give them to just anyone walking in.