What does his insurance policy cover in this case? Well, assuming he's actually insured, his homeowner's policy covers all hazards not explicitly excluded. Flooding and earth movement would be excluded. Having a neighbor's tree fall on his house would not be excluded, so his insurance should pay damages in excess of his deductible.
What does your insurance cover? Your homeowner's policy has liability coverage. If you are sued by your neighbor or his insurer, your insurance company will defend you and/or pay the claim. Note that even if your neighbor's insurer covers the damage, he can still come after you in small claims court for the deductible.
If the tree is obviously in risk of falling on your neighbor's house, you would be negligent in not taking it down. If it's in good health and your neighbor hasn't raised any concerns, then I'd say you're in the clear if it falls. Which is not to say that your rates won't go up if it does fall; it's likely your insurer would end up paying his insurer for the damages.
Recently we had a huge maple taken out from one of our rental properties. It cost over three grand, due to its size, location, and the fact that the tree service outfits have all the business they can handle right now. At the time, the house was uninsured; I doubt we could have gotten insurance with the tree standing. After we took it out, we had no problems getting insurance. The neighbors were very grateful for its removal.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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