Greetings from NJ
Probate for Mom's house is about to close. My sister & I will be co-owners [as TIC] with me being in residence. The two of us have an agreement that covers the terms of this arrangement.
I am wrangling with getting a new HO's Ins. policy.
I run a small business out of the home and also will be getting a room-mate, both issues have been disclosed in the application process.
The problem I am asking about is that the "new" ins. co. is an on-line only presence with no local agents and communication with them is phone or on-line.
My sibling will be listed as an additional insured and I as the primary.
We have only received a declaration page with the coverages & costs listed, no specifics. When I called the co. and inquired about the 2 issues stated above the reply was "we have it in our notes/emails and if it not listed in the list of exclusions then it is covered. I have asked twice now if we could get the actual policy and am told no, not until you start [and pay] for the policy.
My sibling is not happy with this and I do understand the concern, but I'm the one tasked with getting this clearly defined.
I called the NJDept of Banking & Insurance and was told "yeah, that's a bit of a problem but there is nothing to be one about it with a HO policy....that's the way it is.". Also told "try emailing them this concern and see if they will assure you in a return email [a writing] that these 2 issues are covered.
It sound really wishy washy.
Oh....I asked about an umbrella policy but unless we bundle home policy with a car policy that cannot be done.
Any suggestions on how to proceed and would an emailed reply suffice?
TIA - Rowz
Probate for Mom's house is about to close. My sister & I will be co-owners [as TIC] with me being in residence. The two of us have an agreement that covers the terms of this arrangement.
I am wrangling with getting a new HO's Ins. policy.
I run a small business out of the home and also will be getting a room-mate, both issues have been disclosed in the application process.
The problem I am asking about is that the "new" ins. co. is an on-line only presence with no local agents and communication with them is phone or on-line.
My sibling will be listed as an additional insured and I as the primary.
We have only received a declaration page with the coverages & costs listed, no specifics. When I called the co. and inquired about the 2 issues stated above the reply was "we have it in our notes/emails and if it not listed in the list of exclusions then it is covered. I have asked twice now if we could get the actual policy and am told no, not until you start [and pay] for the policy.
My sibling is not happy with this and I do understand the concern, but I'm the one tasked with getting this clearly defined.
I called the NJDept of Banking & Insurance and was told "yeah, that's a bit of a problem but there is nothing to be one about it with a HO policy....that's the way it is.". Also told "try emailing them this concern and see if they will assure you in a return email [a writing] that these 2 issues are covered.
It sound really wishy washy.
Oh....I asked about an umbrella policy but unless we bundle home policy with a car policy that cannot be done.
Any suggestions on how to proceed and would an emailed reply suffice?
TIA - Rowz
