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Want to know about Homesteading.?
Have learn alittle about homesteading, understand that it can protect a homeowners house from creditors, such as credit card companies, etc. Does also cover bills incured from hospitalization ? And how long does it last for, before having to re-apply ?
2 Answers
- AnonymousLv 71 decade agoFavorite Answer
This is a legal question, not an insurance one - and, the answer is going to vary by state.
- Prophet 1102Lv 71 decade ago
http://en.wikipedia.org/wiki/Homestead_exemption
Homestead exemption is a legal regime designed to protect the value of the homes of residents from property taxes, creditors, and circumstances arising from the death of the homeowner spouse. Laws enacting such protections are found in state statutes or constitutional provisions which exist in many states in the United States.
