Homeowners Policy w/tenant damage/theft

[rkjohnson]

What is the name of your state (only U.S. law)? Georgia

My State Farm agent knew there were renters in my house. He said I didn't need to change my Homeowners Policy. He said I had replacement cost. (I had asked him a couple of times about coverage with it being a rental)

Now, the renters have been evicted and there is obvious deliberate damage to the house. Plus, a large cast iron wood stove is missing. I went with a friend (witness) to the agent's office with photos of the damage. He said "no problem, we'll cover it". He also said jokingly, "if it costs too much, we'll just burn it down".

They sent an adjuster to meet with me at the house. She says they won't cover any of it because I have a Homeowners Policy and the house was rented out.

I have tried to contact my agent for 2 weeks. He won't return my calls or answer emails.

Do I need to file a complaint with the Insurance Commissioners Office?

 

[bluestblue.]

The claim ajuster was right, the homeowners policy wont cover loss to rental property. I'm not even sure if it was a rental policy, damaged left by tennants would be covered.

The person you should report is the agent. or just move your business. to an agent who is doing the right thing for you.

 

[moburkes]

Both you and your agent knew that the policy wasn't the property one. A policy for a rental is NOT called a homeowner's policy. You can file a complaint with your state's department of insurance. Your agent has errors & omissions insurance which should pay the claim, minus the agent's deductible.

 

[rkjohnson]

Wow! I'vd never heard of E & O Insurance. I will file the complaint. Thank you SO much for your time and expertise!

 

[bluestblue.]

Both you and your agent knew that the policy wasn't the property one. A policy for a rental is NOT called a homeowner's policy. You can file a complaint with your state's department of insurance. Your agent has errors & omissions insurance which should pay the claim, minus the agent's deductible.

I really dont think that the stated damage is payable even under a dwelling fire policy, which is what rental units fall under. I believe that claims are limited to fire, storm, and maby busted pipes. Contents as far as like kitchen sinks and ectera and loss of rental income due to the fire. (or enviromental things like tree thru roof) I really never heard of someone being paid for a claim that tennents damaged home on the way out. that is what security is for.

 

[moburkes]

I really dont think that the stated damage is payable even under a dwelling fire policy, which is what rental units fall under. I believe that claims are limited to fire, storm, and maby busted pipes. Contents as far as like kitchen sinks and ectera and loss of rental income due to the fire. (or enviromental things like tree thru roof) I really never heard of someone being paid for a claim that tennents damaged home on the way out. that is what security is for.

You must not be an insurance agent. I teach classes on this stuff. This is what I do for a living. I have licenses in almost every state. Are you suggesting that I'm providing the wrong information to my customers and future agents?

 

[bluestblue.]

You must not be an insurance agent. I teach classes on this stuff. This is what I do for a living. I have licenses in almost every state. Are you suggesting that I'm providing the wrong information to my customers and future agents?

lol, again i am not suggesting that. so the policy would- having been the proper policy- have paid a damage claim that was left by tennents? interesting. i am not licensed, but i do work for an IA, i guess thats why he gets paid more then i do.

 

[moburkes]

lol, again i am not suggesting that. so the policy would- having been the proper policy- have paid a damage claim that was left by tennents? interesting. i am not licensed, but i do work for an IA, i guess thats why he gets paid more then i do.

There are several types of dwelling fire policies. I don't find your posts remotely funny.