What causes homeowners insurance to be high?
What causes homeowners insurance to be high?
The most common reason is an increase in the cost to rebuild your home. Home reconstruction costs, including labor and materials, can go up due to changes in the market and the effects of inflation. Remodeling and improvements can also result in higher replacement cost.
Who is responsible for damage to neighbors property?
Neighbour has no legal liability for damageIn the majority of cases, the neighbour will have no legal liability for the damage so you will have to manage the situation yourself or go through your insurer. If the leak was unanticipated by the neighbour then they will not be held liable for the damage. May 15, 2017
What do you do if someone damages your property?
Important things to consider Let you’re the person know as soon as you are aware of the damage. Encourage the person to report the problem to their insurer as they may have liability cover. Keep receipts or obtain estimates to repair the damage.
