Home Insurance Coverage In California?
We are new at purchasing the home insurance. (we plan to buy a house)
We call the Progressive Insurance and request a quote for the house insurance And we also do some online quotes.
All it cover primarily the house part.
We heard that they will cover the disability, existence if spouse died the insurance gonna paid off the mortgage, severance they gonna paid for 1 year etc.
Any idea or tips which insurance provide that?
Thank You
Answers:
You "heard" from whom? The COMPANY? If someone BESIDES the agent or company is giving you proposal or coverage information, you can completely disregard it - because they have NO CLUE what they are talking in the region of.
Homeowners does NOT cover disability, life, unemployment, etc.
You involve to talk to your local agent. Life insurance covers death. Disability insurance covers disabiltiy income, and at hand is no private unemployment insurance in the US. If you want enthusiasm and disability, you have to buy each policy, on respectively of you.
No Homeowner's policy would cover life and disability (except for resident employees) because a property and casualty insurer cannot sell this type of policy. Maybe they own some sort of deal with an disaster and sickness insurance company for their policyholders, however this would be a completely separate policy with it's own underwriting requirements.
Progressive will cover the house and it's contents.
The fragment for the mortgage is with the mortgage company. They will pay beneath certain circumstances. talk near your mortage company on that.
Related Questions:
We call the Progressive Insurance and request a quote for the house insurance And we also do some online quotes.
All it cover primarily the house part.
We heard that they will cover the disability, existence if spouse died the insurance gonna paid off the mortgage, severance they gonna paid for 1 year etc.
Any idea or tips which insurance provide that?
Thank You
Answers:
You "heard" from whom? The COMPANY? If someone BESIDES the agent or company is giving you proposal or coverage information, you can completely disregard it - because they have NO CLUE what they are talking in the region of.
Homeowners does NOT cover disability, life, unemployment, etc.
You involve to talk to your local agent. Life insurance covers death. Disability insurance covers disabiltiy income, and at hand is no private unemployment insurance in the US. If you want enthusiasm and disability, you have to buy each policy, on respectively of you.
No Homeowner's policy would cover life and disability (except for resident employees) because a property and casualty insurer cannot sell this type of policy. Maybe they own some sort of deal with an disaster and sickness insurance company for their policyholders, however this would be a completely separate policy with it's own underwriting requirements.
Progressive will cover the house and it's contents.
The fragment for the mortgage is with the mortgage company. They will pay beneath certain circumstances. talk near your mortage company on that.
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