If a house was burned downed to the ground would these insurance company find some flaw contained by the insurance contract and not cover the owners home? Note: If your an insurance agent don't give me a spin answer grant it me a strainght and to the point. Thanks.
Answers: Possibly - if there be a 'warrant' endorsement on the policy, or if nearby was stuff misrepresentation on the application - such as calling it an owner occupied home, when it be vacant.
Also, if the insured burned the house down, EVERY policy have an exclusion for THAT.
But if you're up front with your agent roughly speaking the house, and the agent wrote the policy for you honestly, and the building is a total loss, and you didn't cause the fire, you should carry the policy limit.
The company will really investigate it, but that doesn't mean there's a "flaw."
The biggest point they'll look for is arson. If you set the fire yoruself, and they find evidence, they won't pay the claim.
They might also want to know whether the house be vacant at the time of the fire. I enjoy seen a claim denied because someone else (not the owners) set fire to the house, but it have been empty for 36 days. According to their policy, vandalism and malicious mischief coverage be not covered if the house was unlived in for more than 30 days.
Good luck with your claim. If everything is on the up-and-up near you, then you shouldn't own any worries.
Resolved Questions:
I of late started selling life span insurance to empire 0-85 yrs of age, but it's really not easy.?
Medical fiance oblige!!?
I want to buy a house within Ocean City,Md, 21842. The mortgage is $1.5 mil how much will the flood ins cost?
Can I afford a bentley flying spur?
Has anyone hear of MA-EPD?
I involve give support to near this?
Answers: Possibly - if there be a 'warrant' endorsement on the policy, or if nearby was stuff misrepresentation on the application - such as calling it an owner occupied home, when it be vacant.
Also, if the insured burned the house down, EVERY policy have an exclusion for THAT.
But if you're up front with your agent roughly speaking the house, and the agent wrote the policy for you honestly, and the building is a total loss, and you didn't cause the fire, you should carry the policy limit.
What is the price capacity for small business insurance packages?
The company will really investigate it, but that doesn't mean there's a "flaw."
The biggest point they'll look for is arson. If you set the fire yoruself, and they find evidence, they won't pay the claim.
They might also want to know whether the house be vacant at the time of the fire. I enjoy seen a claim denied because someone else (not the owners) set fire to the house, but it have been empty for 36 days. According to their policy, vandalism and malicious mischief coverage be not covered if the house was unlived in for more than 30 days.
Good luck with your claim. If everything is on the up-and-up near you, then you shouldn't own any worries.
Resolved Questions: