Home Insurance Questions

Home Insurance also known as hazard insurance is a property insurance which insures private homes. It is a combination of several personal insurance protections; this may include losses in an insurer’s home, loss of personal possessions, and accidents that may occur at home. To understand the concept of Home Insurance let’s talk about the most common home insurance questions.

Does home insurance cover damages caused by natural disasters like fire, storms, lightning, theft, vandalism, smoke and explosions?
If a house is destroyed completely and it is insured for $200,000, is that enough to cover the expenses in rebuilding the house?
Can jewelry be insured?
Are damages caused by pipe bursts covered by home insurance?
Are damages caused by flood covered by home insurance?
Are water seepage covered by home insurance policies?
Does a home insurance policy cover earthquake damage?
Are damages caused by falling trees and damages to shrubs and trees covered by homeowners insurance?
If an injury occurred in an insured property but the injured is an outsider, is that covered by home insurance?
Does home insurance cover personal property while traveling?
Is it possible to have your home insured after three claims?
Can an insurance company visit and inspect my home?
Does home insurance cover hidden structural damage?
Does my premium increase once I’ve claimed for kitchen fire?
Does home insurance cover laptop theft?
Is smoke damage covered by insurance?
Is it possible that my coverage will be raised by the insurance company without my consent?
How long will it take till the insurance company covers my claim for a stolen car?
Is it possible to transfer home insurance?
If I go on a trip for 30 days, is my home insurance in danger if my home is unoccupied?
Is it possible to have my home insured even if I’m not residing in it?
Is bankruptcy a big factor in getting home insurance?
If there are structural repairs needed to be done on my home, will the insurance be able to cover it?
In case of fire in an apartment, which will be held responsible, the tenant or landlord?
Are all the residents in a home covered by home insurance?

Does home insurance cover damages caused by natural disasters like fire, storms, lightning, theft, vandalism, smoke and explosions?
The answer is yes. Insurance companies will be liable for such damages. However, you might want to check with your insurance company if you will need extra coverage. Areas that are prone to disasters might have restrictions.

If a house is destroyed completely and it is insured for $200,000, is that enough to cover the expenses in rebuilding the house?
If costs equal $200,000 or less then yes, it will be enough. If the cost will be more than $200,000 then the balance will be paid by the property owner.

Can jewelry be insured?
Only about $1000 to $2000 will be covered in the case of stolen jewelry. If you plan to have specific valuables insured, you can ask for a floater. The floater provides a higher limit and covers risks not mentioned in a standard policy.

Are damages caused by pipe bursts covered by home insurance?
Yes, accidental damages caused by water discharge from plumbing systems are covered.

Are damages caused by flood covered by home insurance?
The answer is no. This is purchased as an additional cover. If you are residing in a flood prone area then it is advised to get additional cover. Mudslides are covered by flood insurance.

Are water seepage covered by home insurance policies?
No, because it is not a maintenance problem. It is also not covered by flood policy because it is not due to flood.

Does a home insurance policy cover earthquake damage?
No. It should be taken from the homeowners’ policy as an additional cover. Earthquake cover may depend on whether the place is earthquake prone or not.

Are damages caused by falling trees and damages to shrubs and trees covered by homeowners insurance?
The answer is yes, it is covered if it’s due to theft, vandalism and fire. However it is not covered if it’s due to wind damage.

If an injury occurred in an insured property but the injured is an outsider, is that covered by home insurance?
Yes, it also covers legal and medical expenses. $100,000 is the standard amount for covering such liability.

Does home insurance cover personal property while traveling?
Yes, policies cover personal properties wherever you are traveling.

Is it possible to have your home insured after three claims?
Yes, but it will be harder if you have filed many claims. You might have to pay a higher premium.

Can an insurance company visit and inspect my home?
Yes, it is part of the insurance contract. It is also done to check if the conditions are being met.

Does home insurance cover hidden structural damage?
Yes, if you’re insured in an “all risk” policy.

Does my premium increase once I’ve claimed for kitchen fire?
Yes, but you might be able to get discounts if you have a spotless record.

Does home insurance cover laptop theft?
Yes, any personal property is covered from theft.

Is smoke damage covered by insurance?
If the smoke is accidental then the answer is yes.

Is it possible that my coverage will be raised by the insurance company without my consent?
Yes, it is done to protect the homeowner.

How long will it take till the insurance company covers my claim for a stolen car?
Processing may take 2 weeks until 30 days.

Is it possible to transfer home insurance?
No, insurance policies can not be transferred.

If I go on a trip for 30 days, is my home insurance in danger if my home is unoccupied?
This is under the Vacancy Clause; your home should not be in peril. However, it would be a good idea to ask somebody to look out for your home while you’re away.

Is it possible to have my home insured even if I’m not residing in it?
Yes, but if the status has changed don’t forget to tell your insurance agent.

Is bankruptcy a big factor in getting home insurance?
Many factors are being considered in getting insurance. Most insurers ask for a credit report in assessing the price and risk.

If there are structural repairs needed to be done on my home, will the insurance be able to cover it?
No, insurance policies exclude faulty construction, renovations and workmanship.

In case of fire in an apartment, which will be held responsible, the tenant or landlord?
The landlord will be responsible because it is her responsibility to have the apartment insured.

Are all the residents in a home covered by home insurance?
Yes, if the residents are your relatives and are under the age of 21.