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Jeremy Said:

Does a standard home owners insurance policy cover air conditioning unit if it stops working?

We Answered:

Check your policy, but my feelings based on past experience are if you don't have a supp. for mechanicals, it won't be covered.

Bessie Said:

What is the process of getting home owners insurance?

We Answered:

Yep, call a handful of companies near the house.

They will go do a quick outside inspection and get back to you with a quote.

Good luck!

Diane Said:

Can someone sue my home owners insurance if I was in a car accident ?

We Answered:

Your homeowners insurance will deny this claim. This is an auto claim. You have nothing to worry about. Why did your auto insurer deny his claim? Did you not have the appropriate coverage?

Ruby Said:

How long after a injury can i sue a home owners insurance?

We Answered:

Did you originally file a claim when the accident happened? Or 6 months later? Why do you want to file a claim now...two years later? Home owners insurance isn't going to cover this anyway. It's like shooting yourself in the foot. The property didn't cause the accident, recklessly driving a go-cart caused the accident.

Cynthia Said:

Can you own two home owners insurance policies?

We Answered:

Owning two identical insurance policies and collecting on both of them is illegal. HOWEVER, you can read the current contract of your insurance policy (I know, it is absolutely impossible to read b/c it is confusing, but still...) and try to see whether your personal property (i.e. items INSIDE the house are covered) Also, your homeowners insurance should have a set amount of coverage to cover your expenses in case you need to rent a place while your home is being fixed if it was affected by a "covered peril." You should also have a coverage where your insurance company idemnify (cover) you in the event that you committed a tort (civil wrong) and are being sued (if it was intentional tort, you will not be covered). If you are having difficulties reading your policy, go to your insurance agent and ask him all these questions. Make sure you are covered and HAVE him/her show you in the policy where it discusses that specific coverage. If the insurance agent tells you one thing and then you are not covered in the event something goes wrong, you may have a claim (law suit) against the insurance company (if that insurance representative was insur. company's AGENT) or against that representative himself (if he was your broker).
Additionally, you can also look into UMBRELLA coverage. Umbrella insurance coverage is available to individuals who want protection BEYOND what they already have. It is usually not as expensive since you are paying for the coverage in the event that your primary insurance policy doesn't cover your loss completely (i.e., you have a $300,000 homeowners policy, then umbrella insurance will cover if there is damage above $300,000 to the specified amount). It is also a good idea to have such policy if you earn a lot of money b/c then if you are sued for something, you will not be PERSONALLY responsible for the damages.
Remember though that the first place to start at is reading your policy, then if your property is underinsured, update your policy limits. You may want to ask for additional excluded peril coverage (i.e., flood, hurricane, natural fires, earthquakes, mudslides, etc. are NOT covered under the standard h/o insurance). If you go with the umbrella coverage, make sure it covers YOU, and not the property b/c if your property is worth $x amount, neither umbrella nor your h/o insurance will pay you more...
I hope this helps =)

Cheryl Said:

How much does Home Owners Insurance cover when there has been a theft of property?

We Answered:

Well, it's impossible to say.

There are built in limitations on jewelry, guns, cash, silver & gold - collectables like that.

Plus, you have a policy limit. So, assuming you didn't have an HO41 endorsement on any of your stuff, it matters if you have replacement cost on your contents, and what your policy limit is.

YOu'll make up an inventory of what was stolen. The insurance company will depreciate things for age, and apply the special limits of coverage (to the guns, jewelry, cash, etc). Then, they'll compare to your coverage limit. Then they give you the lesser of the depreciated value of the items, or your policy limit.

If you have replacement cost on your contents, then you go replace the items. When you've actually replaced them, you send the receipt to the adjuster, and sometimes the UPC, and then you get the difference between the original value, and the cost to replace it.

But your agent can give you all this information, and it will be specifically tailored to your policy.