Shifting from the house

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Posted: Fri Jul 17, 2009 11:40 am Post subject: Shifting from the house

If the householder's policy coveres the structure of the house, apart from the contents and the policy owner wants to shift to a smaller house then will the premiums decrease or not??

Tulip

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Joined: 16 Jun 2009
Posts: 17

9.36 Dollars($)

Posted: Fri Jul 17, 2009 11:51 am Post subject:

Quote:

policy owner wants to shift to a smaller house then will the premiums decrease or not??

If I'm understanding your question correctly, yes. The owner sells that house, then gets a new policy on their new 'smaller' home. If the dwelling limit is lower on the new home then most of the time the premium would be as well...HO policys are specific to that particular dwelling. Once they sell that house it will no longer be insured, with that owner...
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