Shifting from the house

by Tulip » Fri Jul 17, 2009 11:40 am
Posts: 17
Joined: 16 Jun 2009

If the householder's policy coveres the structure of the house, apart from the contents and the policy owner wants to shift to a smaller house then will the premiums decrease or not??

Total Comments: 1

Posted: Fri Jul 17, 2009 11:51 am Post Subject:

policy owner wants to shift to a smaller house then will the premiums decrease or not??

If I'm understanding your question correctly, yes. The owner sells that house, then gets a new policy on their new 'smaller' home. If the dwelling limit is lower on the new home then most of the time the premium would be as well...HO policys are specific to that particular dwelling. Once they sell that house it will no longer be insured, with that owner...

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