Old Home Insurance Papers
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Old Home Insurance Papers (by David [NC]) Feb 17, 2019 11:06 AM
       Old Home Insurance Papers (by LisaFL [FL]) Feb 17, 2019 11:09 AM
       Old Home Insurance Papers (by Ken [NY]) Feb 17, 2019 11:19 AM
       Old Home Insurance Papers (by don [PA]) Feb 17, 2019 11:41 AM
       Old Home Insurance Papers (by razorback_tim [AR]) Feb 17, 2019 11:49 AM
       Old Home Insurance Papers (by Robert J [CA]) Feb 17, 2019 11:54 AM
       Old Home Insurance Papers (by plenty [MO]) Feb 17, 2019 1:20 PM
       Old Home Insurance Papers (by Steve [MA]) Feb 17, 2019 4:52 PM
       Old Home Insurance Papers (by David [NC]) Feb 17, 2019 4:52 PM
       Old Home Insurance Papers (by Robert J [CA]) Feb 18, 2019 2:34 AM
       Old Home Insurance Papers (by nhsailmaker [NH]) Feb 18, 2019 3:34 AM
       Old Home Insurance Papers (by Steve [MA]) Feb 18, 2019 3:45 AM
       Old Home Insurance Papers (by Wilma [PA]) Feb 18, 2019 10:15 AM
       Old Home Insurance Papers (by nhsailmaker [NH]) Feb 18, 2019 2:42 PM

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Old Home Insurance Papers (by David [NC]) Posted on: Feb 17, 2019 11:06 AM
Message:

Book keeping question. do you keep your old rental home insurance paperwork when you get the new one? I don't see a reason to keep an old policy from 2017 or 2018 but I thought I'd ask before I chuck them.

--65.188.xxx.xx




Old Home Insurance Papers (by LisaFL [FL]) Posted on: Feb 17, 2019 11:09 AM
Message:

I don't keep them. I only keep the first page which shows the amount of premium I paid/claimed. --216.186.xxx.xx




Old Home Insurance Papers (by Ken [NY]) Posted on: Feb 17, 2019 11:19 AM
Message:

I keep it,what happens if you get sued 3 years from now after you got a new policy and threw out all evidence of the old policy? --72.231.xxx.xxx




Old Home Insurance Papers (by don [PA]) Posted on: Feb 17, 2019 11:41 AM
Message:

Statute of limitations in my state for personal injury is two years, BUT it is stayed for minors until they reach 18 years of age. That means that if someone claims that they tripped and fell because of a defect in my proeprty while carrying their newborn infant, that kid had up to 20 years to sue me for damages. --73.141.xxx.xxx




Old Home Insurance Papers (by razorback_tim [AR]) Posted on: Feb 17, 2019 11:49 AM
Message:

I scan and keep a digital copy from now on. --70.178.x.xx




Old Home Insurance Papers (by Robert J [CA]) Posted on: Feb 17, 2019 11:54 AM
Message:

Are you kidding me? You MUST KEEP IT! Here's why.

Often insurance companies find their policy cover too much and then limit coverage. Example, MOLD! If your new policy is now going to exclude MOLD, then your insurance company must send you a separate communication telling the insured that Mold Coverage is Excluded.

So if you disposed of your old policy, you couldn't prove that last you MOLD Coverage was included in your policy and you were never told of the new exclusion.

This applies also to when you defend yourself or family by force or gun, you no long have liability coverage.

Does this answer your question for the need to keep insurance documents....all of them, not just your policy. --47.156.xx.xx




Old Home Insurance Papers (by plenty [MO]) Posted on: Feb 17, 2019 1:20 PM
Message:

Well... i tossed mine. Maynot going forward. Thanks for making my day. :( more to store! --99.203.xx.xxx




Old Home Insurance Papers (by Steve [MA]) Posted on: Feb 17, 2019 4:52 PM
Message:

I concur with Robert J [CA] you should keep them. In MA most of the older policies had lead paint coverage. When lead poisoning suit ran became common Insurance Companies dropped the lead coverage & only offered it as an expensive addendum. Once this happened most lawyer stopped accepted lead cases since they knew they would have to work much harder to get a payday. --96.237.xx.xx




Old Home Insurance Papers (by David [NC]) Posted on: Feb 17, 2019 4:52 PM
Message:

I'm not sure it matters Robert J. If you file a claim it goes against whatever policy is current. Your policy limtis are whatever you paid for that year.

Maybe I am missing something. --65.188.xxx.xx




Old Home Insurance Papers (by Robert J [CA]) Posted on: Feb 18, 2019 2:34 AM
Message:

Insurance law is specific. You can not hide changes in coverage unless the insured has been properly notified. That's why every so often your credit card company sends you a notice, "Changes in Procedures, Cost, Charges and Late Fee's". --47.156.xx.xx




Old Home Insurance Papers (by nhsailmaker [NH]) Posted on: Feb 18, 2019 3:34 AM
Message:

There is a difference between claims made and occurrence policy. That determines what you want to do with the paperwork.

If you dont know - call your agent --73.182.xxx.xxx




Old Home Insurance Papers (by Steve [MA]) Posted on: Feb 18, 2019 3:45 AM
Message:

David [NC], if something happened previously at a property, you would be covered by the policy that was in effect at the time of the incident. For example you could be sued by a child after they reached the age of consent for something such as lead paint poisoning that allegedly happened to them on your property years ago. You might not even still own the property let alone have the same insurance company covering the property. --96.237.xx.xx




Old Home Insurance Papers (by Wilma [PA]) Posted on: Feb 18, 2019 10:15 AM
Message:

don(PA) - Ugh. Thanks for sharing that. I haven't tossed old policies, and now know not to. --71.175.xxx.xxx




Old Home Insurance Papers (by nhsailmaker [NH]) Posted on: Feb 18, 2019 2:42 PM
Message:

claims made vs occurrence policy

If you have occurrence policy the policy in effect at the time of the accident covers the claim. - a 2 year old claim that comes to light today would only be covered under the old policy - then you may want to keep policy but your agent would do that anyway.

If you have a claims made policy it only covers claims made in the period as stated in the declaration page. You could have a 2 years old accident that comes to light today and on a claims made policy in effect today -the current policy covers the 2year old accident.

CALL YOUR AGENT. !!!!!!!!!!!!!!!!!!!!!! --73.182.xxx.xxx



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