Comments on: 8 home issues your insurer doesn’t cover http://blogs.reuters.com/reuters-wealth/2011/06/20/8-home-issues-your-insurer-doesnt-cover/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: sicofscams http://blogs.reuters.com/reuters-wealth/2011/06/20/8-home-issues-your-insurer-doesnt-cover/comment-page-1/#comment-10211 Fri, 01 Jun 2012 18:31:31 +0000 http://blogs.reuters.com/reuters-wealth/?p=15370#comment-10211 #9 the insured does not have medical coverage under home owner policy. Another words if you get hurt in your own home, falling down stairs, burnt in fire, your home owners policy does not give you a cent for your medical. It only covers people not living in the home.

]]>
By: flamenquito http://blogs.reuters.com/reuters-wealth/2011/06/20/8-home-issues-your-insurer-doesnt-cover/comment-page-1/#comment-5790 Wed, 22 Jun 2011 04:01:47 +0000 http://blogs.reuters.com/reuters-wealth/?p=15370#comment-5790 Wow, those are terrible stories. I lucked out, I guess. I had pipes that froze and burst in the winter, and because I was away at the time, the damage was very severe, ruining a very large portion of the house. Fortunately, I was covered for that, and after months of a complete rebuilding job, have new walls, resurfaced floors, and a new paint job.

So my insurance was excellent. I also think it has to do with where you are – I’m guessing that if a particular phenomenon happens all the time in an area, insurance companies won’t cover it. I’m in an area with no frequent floods, no tornadoes, and no hurricanes, and I assume that worked in my favor.

]]>
By: juggernaut http://blogs.reuters.com/reuters-wealth/2011/06/20/8-home-issues-your-insurer-doesnt-cover/comment-page-1/#comment-5788 Wed, 22 Jun 2011 00:32:42 +0000 http://blogs.reuters.com/reuters-wealth/?p=15370#comment-5788 Unrelated:

Why doesn’t the comprehensive part of my insurance policy on the car go down with time (as the street value of the car typically does)?

What kind of actuarial voodoo makes it possible for the insurance companies to say it doesn’t matter what we pay out to you if your car is totalled, but you have to pay us the same every year.

]]>
By: johnwasik http://blogs.reuters.com/reuters-wealth/2011/06/20/8-home-issues-your-insurer-doesnt-cover/comment-page-1/#comment-5786 Tue, 21 Jun 2011 22:07:06 +0000 http://blogs.reuters.com/reuters-wealth/?p=15370#comment-5786 My heart goes out to all those folks who lost family members or were devastated by the spring tornadoes. I hope that this will trigger more careful inspections of homeowner policies. The fine print can be costly.

]]>
By: DennuyD http://blogs.reuters.com/reuters-wealth/2011/06/20/8-home-issues-your-insurer-doesnt-cover/comment-page-1/#comment-5781 Tue, 21 Jun 2011 17:39:17 +0000 http://blogs.reuters.com/reuters-wealth/?p=15370#comment-5781 I live near Joplin, Missouri, which just endured an EF-5 tornado that plowed through the city with 200mph+ winds. My parents’ home was badly damaged, & I’m learning about the interpretation of fine print.

For example, debris removal/demolition is another thing to watch for with insurance policies. (To get a yard cleaned up by the city & FEMA, the city is mandating that residents submit a copy of their homeowner’s insurance policy to the city with a form so that insurance can be billed. If you don’t have insurance to cover that, then that’s an issue.)

Another issue pertains to what happens if you have a tree in your yard that falls into someone else’s house; in Missouri, if a neighbor’s tree falls onto your yard–& I just had a 7,000-pound nieghbor’s oak tree removed from a roof–whatever lands across your property is yours, not theirs. That cost me $2,500.

]]>