| Need a Liability Only Insurance Policy |
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Blue Eyed Cat
Contributing Member
Cash: $ 2.90
Posts: 29
Joined: 12 Jul 2006
Location: Central Florida
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| Need a Liability Only Insurance Policy |
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I have an unusual situation.
My mother put my name on her house.
Her insurance company is raising her rates--a lot.
My insurance company will insure the house only for a lot less.
Her personal property will not be covered--but it isn't worth much.
She needs liability coverage for the house.
Where can we find it?
My first thought was a renter's policy but since she is an owner, companies do not want to write a renter's policy.
Any advice would be appreciazted.
Blue Eyed Cat
My adventures in making money on the net--
http://home.cfl.rr.com/msannie/
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Sat Aug 19, 2006 6:43 pm |
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coaster
Senior Advisor
Cash: $ 1355.60
Posts: 6675
Joined: 11 Oct 2005
Location: Wisconsin
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Perhaps a personal liability, or "umbrella" policy might cover?
~Tim~
Eye Candy : Why Whimsy
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Sat Aug 19, 2006 8:07 pm |
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coaster
Senior Advisor
Cash: $ 1355.60
Posts: 6675
Joined: 11 Oct 2005
Location: Wisconsin
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Careful there. Mortgage insurance sold by lenders (and paid for by the borrower) protects the lender, not the borrower.
~Tim~
Eye Candy : Why Whimsy
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Sun Aug 20, 2006 2:51 am |
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go2self
Preferred Member
Cash: $ 26.45
Posts: 129
Joined: 06 Aug 2006
Location: hawaii
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Oops, i thought the question was where to look, not what to buy.
Not mortgage insurance, although that would also make sense, actual homowner policy using lender (clout) referral,
The refi part is to pull money out for other purposes such as prepay annual insurance premium, property improvements etc, as he has just been put on co-owenr or joint tenancy, and it would make sense to pull out all cash of the house in case hospitalization is the reason for being added as property ower.
Time is our most volatile resource that if not used immediately is lost instantly
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Sun Aug 20, 2006 4:01 am |
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