i have non-owner occupied property

Message Author
ampm-bookmark
delicious-small Add to delicious
yahoomyweb-small Add to YahooMyWeb
blinklist-small Add to BlinkList
PostPosted: Thu Jun 17, 2010 5:18 pm   Post subject: i have non-owner occupied property  

i have non-owner occupied property that I am renting out- different agents tell me different forms I need, differnt types of policies - what should I be shoppin for?

smylynn17
New member
Leave a quick message



Joined: 17 Jun 2010
Posts: 1


1.32 Dollars($)

PostPosted: Fri Jun 18, 2010 12:17 pm   Post subject:   

Just that a non-owner occupied policy. A dwelling only policy, landlords liability..used to be called b.450.b, in my neck of the woods 20 years ago..I have no idea what the form number is..but any agent should be able to help you.



_________________

"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.
Lori
Forum Expert
Leave a quick message

Lori
Forum Expert

Joined: 10 Sep 2007
Posts: 8080

Location: Missouri
287.93 Dollars($)

PostPosted: Sat Jun 19, 2010 5:58 pm   Post subject:   

Just contact any agent and tell them you need coverage for your rental property. They will want to know if it is tenant occupied and, assuming it is, you should have no problem. You cannot write a standard homeowners insurance policy on a rental property. So be sure to get the Rental Property Coverage in effect ASAP.

If you have Homeowners Insurance on your primary dwelling, I would start by contacting the company that handles that for you.



_________________

"Without your business; we don't have a business"
InsuranceDude
Member
Leave a quick message



Joined: 06 Apr 2010
Posts: 66

Location: Dallas, Texas
15.28 Dollars($)

PostPosted: Mon Jul 02, 2012 9:15 pm   Post subject: vandalism and theft  

I have a dwelling non owner occupied policy on rental property. This weekend we discovered while tenant was on vacation, someone came and totally destroyed my heating and air unit. parts all over the place where they tore it apart I assume looking for copper. I always thought dwelling policy covered dwelling and fixtures in the home?????? my company is telling me it does not cover theft and vandalism. the heating and air unit is a part of the dwelling. do i even have an argument?????????????? Crying or Very sad


_________________
Register Now to have your Insurance queries solved.
upset and hurt
Guest







PostPosted: Tue Jul 03, 2012 12:23 am   Post subject:   

Quote:
do i even have an argument




First, see my sig.



You don't have an argument if what they are telling you is correct, that the policy does not cover theft or vandalism. Have you looked at your policy?
tcope
Forum Expert
Leave a quick message

tcope
Forum Expert

Joined: 22 Nov 2006
Posts: 6018

Location: Salt Lake City, UT
362.30 Dollars($)

PostPosted: Thu Jul 12, 2012 2:34 pm   Post subject: it is not uncommon  

for a renters polciy to exclude V&MM and theft. The policy usually has diiferent coverage options on the dec page such as option 1, 2 or 3. One will cover only fire lightning etc, Two usualy covers fire and extended coverage and three covers fire and extended coverage and theft and V&MM. Check which coverage you have on the declartions page


_________________
Register Now to have your Insurance queries solved.
anonymous one
Guest







PostPosted: Tue Jul 17, 2012 1:10 pm   Post subject:   

Quote:
option 1, 2 or 3.


I think this may be an attempt to describe the differences between DP-1, DP-2, and DP-3 policies. Not really options within a single type of policy, but three different policy forms. It could be that the Declarations Page is "generic" and has a check box for DP-1, DP-2, or DP-3.



One must ALWAYS look to the CONTRACT LANGUAGE itself to know what is or is not covered.


_________________

CA-licensed Life & Disability Analyst. CA Insurance Lic #0596197. Also investigating insurance company abuses, and providing litigation support/expert witness services. Send me your questions, and I'll send you my answers.
MaxHerr
Forum Expert
Leave a quick message

MaxHerr
Forum Expert

Joined: 29 Nov 2009
Posts: 7452
Highets Points
Location: Pomona CA
71.66 Dollars($)

PostPosted: Tue Jul 17, 2012 5:09 pm   Post subject:   

No, not description of DP series. The dwelling policies, commonly referred to as standard fire, without liability, med pay etc built in have a dec page with the three options available. These policies are typically on older lower value risks. I work claims on these type policies almost daily.


_________________
Register Now to have your Insurance queries solved.
anonymous one
Guest







Quick Reply
Your Name
Subject
Message body
All times are GMT
Page 1 of 1


Get a Quote
Ask Community Experts

flash plugin

Quick Links

Must See

Community

Hot topics in forums

Latest in blogs

AmPmInsure on Facebook



Page loaded in 5.845 seconds.