(Closed) Home Owners Insurance

posted 6 years ago in Home
Post # 3
Member
46604 posts
Honey Beekeeper
  • Wedding: November 1999

Home owner’s insurance covers loss due to fire. If you are in a fire-prone area, your rates will likely be higher.

Check with a local insurance agent to see what rates are currently.

Post # 4
Member
503 posts
Busy bee
  • Wedding: February 2014

I actually work for State Farm and the PP is correct. Homeowners covers fire loss and you likely will have higher rates due to the area. Some insurance companies may even refuse to cover a home in that area like some have done Louisiana due to hurricanes…

Post # 6
Member
503 posts
Busy bee
  • Wedding: February 2014

If you have any questions feel free to message me… Insurance laws are different by state but I’d be happy to help as much as I can!

@ColoradoGirl:  

Post # 7
Member
5956 posts
Bee Keeper
  • Wedding: April 2018

@ColoradoGirl:  Uhhhh no.  A homeowners insurance policy would cover a dwelling for loss due to fire….there are different protection classes all over the state based on the distance to fire stations, and hydrants, these along with the loss history of the property, it’s construction and your personal loss experience and insurance score would determine the rate for the policy….it’s based on the replacement cost limit for the home and is relativley affordable at rates ranging from .10 to .20 per $1,000 of coverage.

Post # 9
Member
5956 posts
Bee Keeper
  • Wedding: April 2018

@ColoradoGirl:  Usually what happens during fire season, is the insurance companies will put a moratorium on policies being bound in an area AFTER a fire starts, because in insurance land, that’s cheating….so if you can get your coverage bound and in force and keep it that way…there’s no problem

Post # 10
Member
10366 posts
Sugar Beekeeper
  • Wedding: September 2010

Only a local agent can tell you that! It would be good to talk to them about rates in general so you can work it into your budget as you look around.

Also, if Redfin.com is in your area, try that website out. I found it to be much more accurate, and to have new listings more quickly than Zillow or Trulia. Redfin also showed homes as pending more quickly. For example, it took Zillow 3 weeks to show our home as pending, even though it was pending on Redfin within 24 hours.

Post # 11
Member
13096 posts
Honey Beekeeper
  • Wedding: July 2010

@ColoradoGirl:  I think the only thing you’d have to have a separate rider on the policy for is for floods (if you are in a flood-prone area).  Floods aren’t typically covered by your base home-owners policy but loss due to fire is.

Post # 13
Member
513 posts
Busy bee
  • Wedding: November 2013

@ColoradoGirl:  I know how you feel. Like Mrs.KMM said, we just purchased our first home in Aug of last year and came to find out that it was in a flood area and had to buy extra flood insurance. Luckily, the water never even gets up to our house when it does “flood”. Our backyard just turns into a lake.. Heh!

The topic ‘Home Owners Insurance’ is closed to new replies.

Find Amazing Vendors