Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

Questions tagged [home-insurance]

80 questions
23
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8 answers

Should homeowners insurance cover the cost of the home?

I'm buying my first house and getting quotes from different homeowner insurance companies. I noticed a lot of them are only quoting me for about 90% of what I'm paying for the house. When I asked one of the agents about this, they explained the…
TheStrangeQuark
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3 answers

What is important when purchasing homeowners insurance?

I recently got a quote on homeowners insurance. They asked me a lot of detailed questions like the layout of the bathroom's, % carpet/wood/tile and others. The worst one was, "how many "upgrades" does the house have?". I have no idea which…
P.Brian.Mackey
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3 answers

Home Insurance: Must I use money from a claim for repairing everything I'm receiving money for?

I received a check from my insurance company to replace my entire roof after a recent storm. However, two different roofing companies came out (prior to the insurance adjuster) and said that in their opinion only two sections of the roof needed to…
FreeAsInBeer
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4
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1 answer

Earthquake insurance, deductible as a percentage, better to take lower coverage amounts?

I live in an area that's at a high risk for a catastrophic earthquake and I've been considering switching my home insurance to a company that also offers earthquake insurance. All the companies I've contacted so far have a separate deductible for…
Elliot B.
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1
vote
2 answers

Should I increase my policy limits when the rebuild costs greatly exceed the mortgage?

I recently changed providers for my home insurance and as part of the process, they sent somebody to conduct a driveby inspection of the property to verify that there weren't any factors which would impact the terms of the policy. Nothing came up…
Pyrotechnical
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1 answer

Homeowners insurance - dwelling replacement cost

When shopping for homeowners insurance you would most likely get quotes from different companies that have different dwelling replacement cost. They use publicly available information about the home and your answers to questions they ask. The idea…
user1201405
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Home insurer asked for proof that my windows can withstand 110 MPH winds

I'm renewing the policy. Got a good quote from Metlife, gave him all the info, even entered CC#. Then he suddenly says his "underwriter" wants something on letterhead stating that my home can handle the 110 mph winds. Quote: "Just get your…
user1334767
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Does Condo HOA Insurance Cover Damages to Car

I currently reside in a condo. My car was recently vandalized in the condo complex and the cost of repair was lower than my auto insurance so I paid the cost out-of-pocket. Can the condo's HOA insurance cover damages to residents' cars?
Concerned_Citizen
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What can I do if an insurance claim doesn't cover the full cost of repairing hail damage to my roof?

A week ago there was hail in our area, and my house was badly damaged. The insurer estimated that they would only pay $5,000 on my claim, but all of the estimates from roofing companies are at least $7,000. What can I do?
Titi
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Investing Home Insurance Premiums in Exchange for Higher Deductible

I have recently Feb 2021 paid off my home mortgage. I also have no other debt. My home insurance is $1800 per year with two deductibles based on the Dwelling $284,000. Fire = $5400 Hail and Wind = $8500 Would it be wise for me to lower my premiums…
Mary Doe
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