Doesnt it product sense to hold homeowners insurance instead of fire insurance solely?
If you get homeowners insurance that should cover many things. Whereas fire insurance one and only covers that one thing.
Answers:
Yes, procure homeowners insurance including sewer back up, loss of possessions, and a higher replacement cost than the house is presently worth. Source(s): Father-in-law is insurance agent.
Very few insurers even enjoy a 'Fire Insurance' policy form anymore as there is no demand for it and I doubt any agent would want to put on the market it. The only reason I would see anyone contemplating this type of policy is if the risk is so impossible but coverage is required a broker could try and get an insurer to offer it as a better-than-nothing policy.
yes. Fire insurance only provides coverage solely in the event of fire. How about twine, vandalism, water, etc. Homeowners insurance is a package, which provides for (most of the time, check near your agent), All Risk coverage for the structure, and special coverage for the contents, additional living expense, etc.
Talk to your agent, that's what you pay him for
If you own a mortgage, your lender requires you to have full homeowner's coverage.
Related Questions:
Answers:
Yes, procure homeowners insurance including sewer back up, loss of possessions, and a higher replacement cost than the house is presently worth. Source(s): Father-in-law is insurance agent.
Very few insurers even enjoy a 'Fire Insurance' policy form anymore as there is no demand for it and I doubt any agent would want to put on the market it. The only reason I would see anyone contemplating this type of policy is if the risk is so impossible but coverage is required a broker could try and get an insurer to offer it as a better-than-nothing policy.
yes. Fire insurance only provides coverage solely in the event of fire. How about twine, vandalism, water, etc. Homeowners insurance is a package, which provides for (most of the time, check near your agent), All Risk coverage for the structure, and special coverage for the contents, additional living expense, etc.
Talk to your agent, that's what you pay him for
If you own a mortgage, your lender requires you to have full homeowner's coverage.
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