by roscarol » Fri Sep 10, 2010 01:48 am
I live in Fl and my husband recently passed away. Several people have told me I should have his name taken off of our homeowners policy because it could cause problems for me if I should ever have a claim.
My concern is that if I remove his name will this give the insuance company reason to cancel my policy? It is very hard to get insurance in Fl and I am not sure what I should do.
My concern is that if I remove his name will this give the insuance company reason to cancel my policy? It is very hard to get insurance in Fl and I am not sure what I should do.
Posted: Fri Sep 10, 2010 03:16 am Post Subject:
You shouldn't have any problems with this at all. This is not an uncommon occurrence and insurers are aware of the legalities involved.
Call your agent and let him know what's going on. You may have to provide a copy of the death certificate (unlikely) or some other form of proof for your request, but I don't see any problems.
In terms of them canceling the policy, that's not going to happen. Florida statutes, weird as they are, aren't going to let that happen. Specifically:
Title XXXVII, Section 627.4133 (1) (b) 2 of the Florida statutes (courtesy of the Florida Department of Insurance) says:
After the policy has been in effect for 90 days, no such policy shall be canceled by the insurer except when there has been a material misstatement, a nonpayment of premium, a failure to comply with underwriting requirements established by the insurer within 90 days of the date of effectuation of coverage, or a substantial change in the risk covered by the policy or when the cancellation is for all insureds under such policies for a given class of insureds. This subsection does not apply to individually rated risks having a policy term of less than 90 days.
I see nothing in there that would allow cancellation or non-renewal.
Let us know if you have any problems.
InsTeacher 8)
Posted: Fri Sep 10, 2010 11:16 am Post Subject:
To be truthful, by not removing your husband's name in time, you have not added anymore risks towards your insurer's interests.
Posted: Fri Sep 10, 2010 11:53 am Post Subject:
Teacher..I didn't quite get an explanation for this one-
This subsection does not apply to individually rated risks having a policy term of less than 90 days.
Posted: Fri Sep 10, 2010 10:47 pm Post Subject:
This subsection does not apply to individually rated risks having a policy term of less than 90 days.
This is referring to short-term policies that have a policy period of less than 90 days and does not apply to homeowner coverage which normally has a policy period of one year.
InsTeacher 8)
Posted: Mon Sep 13, 2010 02:46 pm Post Subject:
The TEACHER is back! 8)
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