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Whether you need homeowners insurance for a co-op can vary depending on your co-op and on the co-op master policy maintained by the corporation that holds the property rights.
The purchase price of a comparable unit in the co-op is typically much lower, however. With limited equity, the co-op has rules regarding pricing of shares when sold. The idea behind limited equity is to maintain affordable housing. A sub-set of the limited equity model is the no-equity model, which looks very much like renting, with a very low ...
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Your home’s materials: The more expensive the materials used for building a home, the higher the insurance rates may be. ZIP code: Your location plays a primary role in determining your premium ...
The cost of homeowner's insurance often depends on what it would cost to replace the house and which additional endorsements or riders are attached to the policy. The insurance policy is a legal contract between the insurance carrier (insurance company) and the named insured(s). It is a contract of indemnity and will put the insured back to ...
The company was reorganized and the name changed to Ohio Mutual Insurance Company in 2000. The name Ohio Mutual Insurance Group was registered with the Ohio Secretary of State in 2007. The company moved to its current headquarters, located at 1725 Hopley Avenue, Bucyrus, Ohio, in 1969. [8] On January 1, 2011, Ohio Mutual Insurance Group ...
An insurance policy is a contract where the homeowner and insurance company agree that in exchange for a premium payment, the insurance company will provide compensation for the repairs or ...
The company was later renamed to Farm Bureau Life Insurance Company in 1938. [8] With growth, came a need for the expansion of office space. In 1936, the company moved into the 246 Building at 246 N. High Street in Columbus. By 1943, Farm Bureau Mutual operated in 12 states and the District of Columbia. Even with the tripling of space in the ...
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