If your parents switched insurance companies, they would have had to make a payment and sign a policy. Go thru their bank statement and look for a payment to a new insurance company. My condolences for your loss.... more
The only way to answer this is to actually read the coverage summary from the condo association. My guess would be hurricane yes and flood no. Assuming you are using finance, your lender will want to see the master insurance policy.... more
No you can't. Insurance companies will check and if the name doesn't match what is on the deed, the insurance company will not pay you if anything should happen. If you are a tenant, there is renters insurance which you can buy.... more
Windstorm coverage is important to understand as it is expensive and deductibles can shift much of the burden back on the homeowner. Many people who do not have a mortgage choose to not carry wind coverage but it is a risk/reward situation that every homeowner needs to evaluate.
If you have a mortgage you have no option as windstorm coverage will typically be required by your lender. We always advise our clients to seek three proposals and ensure they fully understand the coverage and the costs involved. So much depends on when your home was built, or storm protection installed. You will find that unless all openings are covered with up to date wind protection you will not be getting the best discounts. Think of your home as a steel chain. That chain is only as strong as the weakest link and if the garage door does not meet code then it weakens the ability of your home to weather a bad storm.
Impact garage doors are not that expensive and I would advise getting three quotes, evaluating the expense of putting in a new door and the reduction it may make in your windstorm policy. Only then can you make a fully educated decision.
Best of luck and stay safe.........
Paradise Sharks Real Estate... more