Posted by Antipodean Bucket Farmer on February 3, 2006, 8:12 pm
No, I didn't mean that somebody has to physically be
there 24 hours a day.
I was referring to situations where the house is left
unoccupied for several months, with nobody generally
living there, and nobody going there during that time
The insurance policy might have a clause that states
that it will lapse (I.e. won't pay out for losses) in
such a situation.
Get Credit Where Credit Is Due
Credit Tools, Reference, and Forum
Posted by DJ on February 3, 2006, 12:56 pm
Antipodean Bucket Farmer wrote:
To be fair, yes, the inlaws have a clause requiring someone to visit
their home a few times a week when they're vacationing down South in
the winter. I understand it to more be based on checking for burst
pipes and water damage, however.
Years ago, when I lived in a rented apartment, if the landlord/owner
wanted to inspect the apartment, he needed to give me 24 hours written
notice, or bring a cop with him.
Posted by Gordon reeder on February 3, 2006, 10:06 pm
And most mortgages do have a clause requiring you to
keep an updated insurance pollicy. They even will
collect the insurance priemium from you as part of
your monthly payment. Ever heard of an escrow/impound
If you let your insurance lapse, the bank will buy a
policy for you. Usually at a higher price than you
could get, and it only covers the banks intrest in
the property (read: pays off the balance of the
mortgage if the house is dammaged beyond repair).
Posted by dold on February 2, 2006, 10:04 pm
How could they possibly have determined that you were no longer connected
to the grid? Do they pay your bills for you?
Did you apply for a loan to finance the new power system?
Occupancy would be checked by some means other than breaking and entering.
Furniture inside? General disarray, indicating no one had been there in a
long time? Massive solar array and signs of construction here and there?
A "do not forward" letter?
Thanks for reminding me, though.
I need to call my insurance agent about my new system.
Clarence A Dold - Hidden Valley (Lake County) CA USA 38.8,-122.5
Posted by Steve Spence on February 3, 2006, 12:08 am
So, did you charge them with breaking and entering?
Dir., Green Trust, http://www.green-trust.org
Contributing Editor, http://www.off-grid.net