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I Have A HO3 Insurance Policy And Had Power Outtage For 3 Days, Had Food Spoilage Is That Covered? |
Question by powertools35 | Posted in Insurance
I had a power outtage in my neighborhood for 3 days and when I returned I had nutriment spoliage in my house. Would that be covered under my HO3 insurance policy?
| Answer: Yes it will. It is considered a liability liabilities, even though its 'only' food. If the deductible is not waived though, you may not want to file a claim, since chances are, your deductible is more than the dollar value that may be placed on the eats that you lost. |
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Difference Between HO2,HO3 House Insurance Policies? |
Question by newera195 | Posted in Insurance
I was in touch a HO2 policy is outdated and very few companies issue them. The place where I recieved this quote has been in business over a 100 years. The HO3 method is 250.00 higher, gives higher limits, is this over insuring my house?
Answer: HO2 only covers the things that are named as covered. HO3 covers everything not excluded. Also, if there's a challenge of, if it's covered or not, on the HO2, the insured has to prove it IS covered - on an HO3, the insurance company has to prove it's NOT covered.
So coverage is much better on the HO3, and if an designer needs to be hired, the insurance company pays for it, not you.
I would NEVER sell an HO2 over an HO3. It's WAY less coverage. But YOUR AGENT |
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Will Homeowners Insurance HO3 NJ Cover Damage Wood Floors Warping Due To A Refrigerator Malfunctioning? |
Question by olrazdad | Posted in Insurance
Can anyone fussy what part of the policy provides such coverage...?
The policy is an all risk policy except for exclusions...
Does the breaking or malfunctioning of an appliance have definite coverage on the policy? Under what part of the policy might I find the coverage part?
Thanks
The refrig stopped working while we were on vacation...
There was not ring true on the floor under the appliance. Wiped up the water but apparently traveled under
Answer: There is coverage under the regulation, for water damage due to sudden and accidental discharge of water from an appliance.
The question becomes, was it surprising and accidental, or was it ongoing over a period of time? AND, how long was the house unoccupied. If it was a normal vacation - 2-3 weeks, not a disturbed. 2-3 months, problem.
You need to refer to the following section:
Section 1, perils insured against
Coverage A, |
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Homeowners Insurance Question... Should We Get An HO3 Or An HO7 Policy? |
Question by a-mac | Posted in Insurance
I am so all balled up! I know that the HO3 is not as comprehensive as the HO7 policy, but I'm not sure if the HO7 is worth the extra money...
There is a $70/year conversion.
Should we spend the extra money and get the HO7? Is there another kind of policy that we should ask about?
Answer: Of cars when you think about the difference between the HO3 and the HO7.
The HO3 is the base model; it will get you around, but it is not built for everything. You can add a thing here or there (DVD package, 12 demagogue surround, etc) but they cost a lot to add to the base model.
The HO7 has all of the features of the base, but a bunch more little options are also thrown in. Because you take a lot of features up front, you get a detract from. If you are paying only $70 more a year |
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Homeowners Insurance? |
Question by kenny_frohlich | Posted in Insurance
We're buying a theatre in Houston, TX and are currently shopping for a homeowners insurance. What are HO1, HO2, HO3, and etc. ? What coverages are required in the State of Texas?
Answer: Be unshakable and get flood insurance -- whether you are in a flood plane or not. There is a minimal chance of localized flooding in any bailiwick. It's well worth it, for the coverage you get. Homeowners will NOT cover flood damage, so without it, you could get into a finger pointing outflow if you have storm damage.
I have Allstate, and have been very pleased (though I've never had a claim). Allstate or State Allotment will give discounts if you have home & auto insurance |
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