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Ronnie Said:

you an insurance agent and an estate lawyer? I doubt it, but........?

We Answered:

The insurance company doesn't care who owns the house. It still has to be insurable if you want to buy insurance.

Ted Said:

If you sell your home, who is supposed to notify the homeowner's insurance company that this has taken place?

We Answered:

well if you sold the house, you would want to contact them so that you would not be responsible for payment not being made. I would have thought the mortage compnay would have contacted them, but it probably just slipped through their system once they were no longer cutting checks to pay it.

Jeffery Said:

what person determine your home insurance can be dropped unless you reroof the home?

We Answered:

The person who usually sends these letters is the Underwriter or the Agent acting on behalf of the company. The requests are usually done to comply with Underwriting Guidelines, i.e. a bad roof imposes an increase hazard in that it can lead to significant water and even fire damage. The bars can lead to a liability hazard, in that a visitor could be trapped in the home and sustain significant bodily injury or death and/or bars can cause a delay in response time from the fire department that would lead to significant additional property damage. Another example of a mandatory repair would be a deteriorating concrete walkway or steps or lack of a handrail.

Normally once the letter has been sent you are given a specific amount of time to correct the problem. If you do not comply, the insurance company can issue a legal notice of cancellation or non-renewal for increased hazard in accordance with their underwriting guidelines. Even after receipt of the notice of cancellation in many instances, the insurance company will reinstate or renew your policy if you provide them with proof that you have completed the repairs prior to the date of cancellation.

I hope this information helps.

George Said:

Would a homeowner's insurance policy refund be split in a divorce, considering the details below?

We Answered:

Legally, yes; since her name remained on the mortgage and on the policy. Morally, she is not entitled to any of the refund since she did not pay any of the premium. I am wondering how the check got mailed to her. How did the insurance company even know her address?

Ivan Said:

Customary Alameda County Closing Cost Splits?

We Answered:

What city? Fremont? Oakland? Pleasanton?

There may also be a Mella Roos tax, which I am likely spelling wrong because I never buy houses with it.