Friday, June 22, 2018
Yes, the Home Insurance Companies can drop you if you had filed too many claims. This is because no insurance company would like to pay for too many claims from the same property. This is irrespective of whether these are genuine claims or not. The insurance company may also enhance...
Home insurance companies can drop the insurance coverage on your house owing to a number of business reasons, and they can also cancel or refuse to renew policies. It happens when the insurer finds that it is too risky to insure the property. Some of these reasons can be: Insurance...
The answer to this query is an emphatic “Yes”.  Insurance companies have been known to have cancelled Homeowners Insurance, or have refused renewals at the drop of a hat, without assigning any reason to you. However, there are certain definite reasons behind such actions. First and foremost, you must remember...
Losing your home insurance can have very serious implications for you, especially when your house is on mortgage. Every mortgage lender requires you to insure your house to protect their interest.Once you lose your home insurance for any reason whatsoever, the mortgage company is informed that there is no...
Unlike automobile insurance, which is compulsory by Law, Home Insurance is not compulsory or mandatory by Law. However, in case the house has been taken on mortgage loan, then it is absolutely compulsory for the mortgagor to have an insurance cover on the house, else in case of any peril...
error: