by Guest » Tue Mar 09, 2010 08:40 am
It was foolish of me to have my HO insurance policy lapsed!
I just didn't have a single penny to pay for it. Once I got a check, I was there to pay it off, but it was quite late by then. I don't have a good credit too, and due to this I'm not being able to grab a coverage anymore. Any suggestions for me at this juncture?
I just didn't have a single penny to pay for it. Once I got a check, I was there to pay it off, but it was quite late by then. I don't have a good credit too, and due to this I'm not being able to grab a coverage anymore. Any suggestions for me at this juncture?
Posted: Wed Mar 10, 2010 01:55 am Post Subject:
shop around, that's all you can do..Call every agent in your phone book. I'm sure there is some carrier out there that will insure you however, I'm sure it won't come as a surprise that your rates will be huge. Also check your states dept of ins web site..there may be some information there about those with trouble getting coverage.
Posted: Wed Mar 10, 2010 12:46 pm Post Subject:
I feel you'd come across some quote offers if you're gonna try out online quote forms e.g. einsurance or equote. Usually you have a number of carriers queuing up for such offers.
Posted: Thu Mar 11, 2010 11:04 am Post Subject:
Won't there be any force placed insurance from the mortgage holder? I've seen that happen quite a few of times with vehicle lien holders.
Posted: Fri Mar 12, 2010 09:07 am Post Subject:
Won't there be any force placed insurance from the mortgage holder?
I hope it will not specifically cover all your belongings. You must also consider the fact that it's too expensive.
Posted: Sat Mar 13, 2010 05:42 am Post Subject:
Thanks for all your responses! Actually, I'm in Florida and home insurance is quite expensive over here. In addition, carriers would only offer limited protection on hurricanes.
Posted: Sat Mar 13, 2010 06:32 am Post Subject:
foolishmind, I feel your pain. Florida is THE most expensive state in the country to buy homeowners coverage. The whole deal with State Farm and their issues makes things even more fun.
If the lender force-places coverage, it will be for the dwelling and any permanent outbuildings only. There won't be any coverage for your personal belongings, or "unscheduled personal property."
Sorry...
InsTeacher 8)
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