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Is it against any law for an insurance company to write a homeowners policy on a home that has burned down?

September 6th, 2010 | | Tags: , , | 7 Comments | |

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7 Responses to “Is it against any law for an insurance company to write a homeowners policy on a home that has burned down?”

  1. rcdrury Says:
     September 6th, 2010 at 9:38 pm

    While you’re at it, do you have any deceased relatives you’d like to purchase life insurance for?

  2. joemoser1948 Says:
     September 6th, 2010 at 9:38 pm

    It’s probably not against any law but they won’t write a policy for something that doesn’t exist as an insurable property, no matter how much you offer to pay them.

  3. Caveat Emptor Says:
     September 6th, 2010 at 9:38 pm

    Unclear. Why would an insurance company insure something that doesn’t exist?

  4. Ginger Says:
     September 6th, 2010 at 9:38 pm

    An insurance company can write anything they wish, but, that doesn’t mean a policy will be issued or that a claim will be paid unless all underwriting requirements are met.

  5. Judy Says:
     September 6th, 2010 at 9:38 pm

    It would be attempted fraud for the agent to try to establish a policy for a home that no longer exists.

  6. Insurance Pickle.com Says:
     September 6th, 2010 at 9:38 pm

    That’d be like buying life insurance on a dead person. What’s the point? As others have said the home is worthless so the cost would be zero as well on zero coverage.

  7. mbrcatz Says:
     September 6th, 2010 at 9:38 pm

    No, it’s not. It’s also not against the law, to REFUSE to write a homeowners policy on a house that’s burned down.

    It is against common sense, to write homeowners on a house that’s burned down. I can’t imagine any insurance company doing that.

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