thelegges |
07-10-2021 03:31 PM |
Quote:
Originally Posted by retiredguy123
(Post 1971146)
It seems as though the neighbor's flood damage would be covered by their homeowners insurance. I doubt that any insurance that a home watch company had would be a primary payer. But, if you want the home watch company to have insurance, you need to get a letter from their insurance company stating what it covers, the limits of coverage, and the current status of the premium payments. I suspect that very few people actually require that type of proof.
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Actually at our first house, our neighbors were Canadian, had a popular home watch, when they arrived there was water damage at their home, along with mold issues. Homeowners insurance asked for all reports from home watch. Owners paid deductible, their insurance cover the rest.
Homeowners insurance then contacted Home Watch, for restitution that was paid out. Home watch insurance paid the damage, and the homeowners had their deductible returned. Yes your insurance has the right to seek payment from a home watch, or an accident that does damage to your home, from a non homeowner.
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