MaineHousing’s House Restore Program offers assist to low-earnings owners who cannot afford needed house repairs within the form of a Dwelling Restore grant or Elderly Hardship grant. If it is determined that you’re ineligible for a mortgage (you’ve got inadequate equity or are usually not a payment simple home-owner) and you’re a single senior with annual earnings lower than $27,300, or a senior couple with annual revenue less than $forty four,335, your application could also be considered for a grant to assist cowl some basic and essential dwelling repairs.
(e) A person who has entered right into a written contract with a contractor providing residence repair or transforming companies to supply goods or companies to be paid from the proceeds of a property and casualty insurance coverage coverage could cancel the contract prior to midnight on the sooner of the fifth enterprise day after the insured has acquired written discover from the insurer that every one or any part of the declare or contract just isn’t a coated loss under the insurance coverage coverage or the thirtieth business day after receipt of a properly executed proof of loss by the insurer from the insured.
Nothing on this subsection shall be construed to ban a residential contractor from: (1) providing an insured an estimate for restore, replacement, construction, or reconstruction of the insured’s property and any such estimate could also be submitted to the insured’s insurance firm; (2) conferring with an insurance company’s representative about damage to an insured’s property; or (3) discussing repair or substitute options with an insurance firm’s representative or the insured about options for the repair or alternative of the harm.
The patron shall sign and date an acknowledgment kind entitled “Client Rights Acknowledgment Kind” that states: “I, the homeowner, have obtained from the contractor a duplicate of the pamphlet entitled ‘Dwelling Repair: Know Your Consumer Rights.'” The contractor or his or her representative shall additionally sign and date the acknowledgment type, which incorporates the title and deal with of the house restore and remodeling business.
Any individual engaged in the enterprise of dwelling repair and remodeling shall obtain and keep in full power and impact through the operation of the business public legal responsibility and property damage insurance coverage within the quantity of $100,000 per person and $300,000 per occurrence of bodily harm and $50,000 per occurrence for property damage, except the person has a internet worth of not lower than $1,000,000 as decided on the basis of the particular person’s most recent monetary assertion, ready within thirteen months.