Advice on purchasing home insurance in US for overseas resident and level of cover

Free Insurance Quote Comparison

 Secured with SHA-256 Encryption

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Full Bio →

Written by

UPDATED: Oct 7, 2011

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

Insurance Question from Rushville, NE

Asked on 10/07/2011

Advice on purchasing home insurance in US for overseas resident and level of cover Hi, I really have 3 questions. I'm a New Zealand resident who owns residential rental property in Nebraska. Insurance cover has been provided for 7 years without a claim but is now increased by 40% and cover is 6 times the property value.When attempting to get insurance quotes in the US I find that two questions stop the process: my residential address in the US (I don't have one) and my social security number (I don't have one). Why is this required by so many insurance companies in the US? Also why is it necessary to cover replacement value when I wouldn't rebuild?

Answer given on October 11, 2011

Each state and each insurance company has their own rules for obtaining insurance on residential property. Since you do not live in the US, nor are you a citizen, there can be complications in obtaining insurance.Your lack of a US mailing address can pose problems for insurance companies, since they are not set up to send mail outside of the US. A resolution to the mailing address problem is to hire a local property manager to maintain the property, handle the insurance and the rents. The mailing address can be that company’s address. If the insurance company is requiring a social security number (which is not usually required by insurance companies) you may be able to use the Tax ID number of the property manager.Insurance companies require you to insure the property to its estimated replacement cost, whether or not you intend to rebuild the property. In today’s real estate market the market value could be well below the cost to rebuild, which can seem unfair. However, if the property were partially damaged, the company would be expected to pay for the repairs, and if you were allowed to underinsure the home, then the company would not be receiving the appropriate premium for the risk they are assuming.

IMPORTANT NOTICE: These answers are for general information purposes only and are provided by the person answering and AS IS. It has not necessarily been reviewed by the management staff of nor is it binding any insurance agent, broker, or other insurance professional or any attorney or insurance company. Insurance laws, regulations and practices vary from state to state and insurance policies and practices differ from company to company, by type of policy, by state and locality and by type of insurance. Tiny variations in the facts, policy language or a detail not set forth in a question often can change the outcome or a professional's conclusion. Although has confirmed that the answer(s) was/were provided for the account of an experienced insurance professional, that professional may not be licensed in the state referred to in the question, and may not be experienced or up to date in the subject area. Unlike the answers provided here, upon which you should NOT rely, for personal advice you can rely upon we suggest you consult a licensed insurance professional in your area or retain a licensed attorney listed on to represent you.

Free Insurance Quote Comparison

Enter your ZIP code below to compare cheap insurance rates.

 Secured with SHA-256 Encryption