Posts tagged insure

Is it standard procedure for home insurance agents to visit your house before they insure it?

2
1 year ago
by admin in

Question : Is it standard procedure for home insurance agents to visit your house before they insure it?
I was told by my ex that a home insurance agent was coming to look at the INSIDE of my house. I was under the impression only appraisers came to look at the inside of your home. Do home insurance agents do that now too? What’s the cheapest home insurance?
home insurance agent

Best answer:

Answer by ettie
Nope, they can look at the inside, too. They’re checking for certain breed dogs, they’ll check your electric box, they’ll check for unrepaired damage, and they use info like wallpaper, tile, vinyl flooring, to calculate the replacement cost of your house.

An appraiser doesn’t come out until after the claim. The agent is doing “front line underwriting” and establishing the value of your house.Try this site

http://best-home-insurance-comparator-usa.blogspot.com/

Here you can get quotes from different home insurance companies in your area, its the best way to find an affordable home insurance with a reliable company.

Is it possible to temporarily tag and insure a vehicle in IL?

1
1 year ago
by admin in

Question : Is it possible to temporarily tag and insure a vehicle in IL?
Let me be more specific. I live in rural southern Illinois. I’m trying to move to Missouri. I need something to stay in while I’m looking at property in MO, like an older motorhome or trailer/truck combo. I have yet to find a dealer vehicle that is sufficient and in my price range. I have found a few private vehicles, but I am running into a consistent problem: no tags or insurance. I will not feel comfortable purchasing a truck/moho without test driving it, but at the same time I don’t want to be driving a vehicle I’m unfamiliar with illegally, even for a short period. Is there some way that a private individual can get temporary tags, and insurance for, say, a week? This conundrum is really screwing up my plans, so any help would be appreciated.
missouri property insurance

Best answer:

Answer by The-Razors-Edge
I’m not completely sure how it works in IL, but at least in Indiana where I’m from, once you get a vehicle insured and can show proof of that, if you need time to get plates, you can buy a 96 hour temp tag from the BMV. Go to your local BMV and see what they say. You should be able to do something similar.

which companies will insure rooms in shared houses?

3
1 year ago
by admin in

Question : which companies will insure rooms in shared houses?
I live in a shared house and need to get contents insurance for what’s in my room. So far I’ve had one quote, but it’s pricey, and it’s really hard to find other companies that will insure a single room. Any ideas?
house contents insurance quotes

Best answer:

Answer by jlf
You don’t insure a “room.” What you are looking for is renter’s insurance.

Can you insure against home price decline? Futures contracts would back policies to protect homeowners if bubble bursts.(Top Stories Of The Week): An article … & Casualty-Risk & Benefits Management

0
1 year ago
by admin in

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on December 20, 2004. The length of the article is 775 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Can you insure against home price decline? Futures contracts would back policies to protect homeowners if bubble bursts.(Top Stories Of The Week)
Author: Michael Ha
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: December 20, 2004
Publisher: The National Underwriter Company
Volume: 108 Issue: 48 Page: 8(1)

Distributed by Thomson Gale

List Price: $ 5.95

Price: $ 5.95

AARP Oklahoma — State Insurance Commissioner Kim Holland Discusses SB 1616 and Insure Oklahoma

0
1 year ago
by admin in

oklahoma homeowners insurance


Oklahoma State Insurance Commisioner Kim Holland, D, discusses SB 1616 with AARP Oklahoma. The bill, by Sen. Brian Crain, R-Tulsa, would create a permanent funding mechanism for Insure Oklahoma, a public/private partnership that provides insurance to employees of small businesses in Oklahoma. This bill is a 2010 legislative priority for AARP Oklahoma. For more information visit www.aarp.org/ok. You can also watch Senator Crain’s interview on SB on the AARP YouTube Channel.

How much should I insure a 2 bedroom condo for?

2
1 year ago
by admin in

Question : How much should I insure a 2 bedroom condo for?
I want to buy insurance for a 2 bedroom, 1150 square foot condo in Orange County, California. I am interested in knowing how much coverage to buy to cover inside damage due to a catastrophe like a fire for example. I don’t care about coverage for personal belongings or outside of the building. I just need to know what it costs to restore the inside walls, floors, etc. in case they are ever destroyed.
california condo insurance

Best answer:

Answer by budhah1
Your insurance agent will advise you on this. They may be a little over priced, but worth while. Often the price of the condo is what you insure against damages. Plus that will usually pay for most of the personal belongings, unless you have something that is out of the norm or unique.

You should have had to get insurance on the unit when you took out the mortgage.

Why is it that insurance companies don’t want to insure property that is rented out?

5
1 year ago
by admin in

Question : Why is it that insurance companies don’t want to insure property that is rented out?
I would like to buy a trailer and rent it out. I am particular about tenants and I take care of my property. Insurance companies frown on rentals. Why is this when the landlord also wants to have good tenants and a good investment?
rented property insurance

Best answer:

Answer by txguy8800
Although you may be particular, the law prevents you from being too particular. And, you could be particular but tenants could fool you. The end result would be that insurance companies would be liable for your mistake. Because of that, the insurance companies will either not insure or make the insurance so expensive you wouldn’t want it.

TX Guy

In the state of Ohio, how can I insure a house and property that is still deeded to my deceased grandmother?

8
1 year ago
by admin in

Question : In the state of Ohio, how can I insure a house and property that is still deeded to my deceased grandmother?
We have a house and acreage that is still in my long deceased grandmother’s name. There are 8 kids in our immediate family and nobody wants it solely in their name, as it would be unfair to the others. We do, however, want to rent the house out so my mom will have extra income. The insurance companies I have checked with say they can’t insure it unless we can show, by lawyers papers, that it is being transferred into a living person’s name. Is there any loop holes to this and/or is there any way to insure the property so we can rent it out? We thought about just having the person that rents it put renter’s insurance on the place, but that would only cover their contents inside the house, so that is not an option. This is for the state of Ohio. Thank you in advance to anyone who can help with this!
ohio property insurance

Best answer:

Answer by mbrcatz17
You can, just have the policy written in the name of “the estate of Jane Doe” or whatever her name is. It will have to be put on a dwelling fire policy, to show that it is tenant occupied, and the executor of her estate, or the trustee, will have to sign the application.

I’m not sure who you’re checking with, but an independent agent should be able to do this. The problem is, rental properties are the dregs of the insurance world – tons of work, not much money, most agents won’t write a rental stand-alone – so one of you eight are going to have to call YOUR homeowners agents, explain the situation, and have them write the policy as a consideration, using YOUR homeowners and auto to help balance out the account.

How do I insure a slightly damaged home?

3
1 year ago
by admin in

Question : How do I insure a slightly damaged home?
*After* I bought a home my insurer changed their minds about insuring it because of some damaged siding in the rear. After several fixer uppers, this is the first I’ve seen refused outright, which is odd because I’ve seen things in other homes that would appear to create more liability. All I need is the minimum insurance necessary in Austin, Tx to satisfy my loan requirements. Where can I get this insurance?

I cannot believe it is impossible, because buying a home cash is a poor choice, and any loan is going to require some minimal insurance, so someone out there offers some package for this situation.

http://img704.imageshack.us/i/rear.jpg/

In serviceable condition the home is valued at $ 125k, without a loan you’re still responsible for taxes/insurance, which amounts to about $ 400/month here in the lovely state of Texas. Rental income from the home would be $ 1200 per month. Annualized the ROI is around 7.5%. That’s reduced by maintenance and repair and time spent without a renter, but increased by appreciation on the home.

Twenty percent down is $ 25k, and the mortgage is roughly $ 400/month. The cash flow is halved but the ROI is around 20%, a little less than 3 times the own outright scenario, because of the smaller amount of money you have committed.

Appreciation. If the home appreciates 1% and you own the home outright, that’s a one percent return. But if you own only 20% of the home, the equity increase all goes to you and is a 5% return on investment.

I haven’t discussed tax benefits, legal liabilities, and other minor items. A mortgage is a lot more valuable than a home.
Answering why owning a home outright sucks: The value of the home is roughly $ 125k and the rental income is $ 1200. Owning it outright, you are still responsible for taxes and insurance, which are roughly $ 400/month in Texas. $ 800/month net, $ 9600/yr, around 7.5% ROI, modified by lost rent, maintenance, repair, and appreciation.

20% down is $ 25k, and the mortgage is roughly $ 400/month. $ 400/month net, $ 4800/yr, and around 20% return on investment.

Maintenance, repair, and lost rent hurt more, but appreciation is far more valuable. If you own the home outright, and it appreciates 1%, you add 1% ROI. If you own 20% of the home, though, you add 5% ROI because you get to keep the full appreciation even though your investment is 1/5th of what it would be otherwise.
Being unable to delete additional details is a crime, also, don’t try to post behind an inconsistent web filter.
austin home insurance

Best answer:

Answer by Common Sense
1. Where did you hear buying a home for cash is a poor choice? That’s ridiculous. Equity is a good thing.
2. Never insure for the minimums, it could leave you vastly underinsured.
3. Find another insurance company or get it fixed.

Are there any UK car insurance companies that will insure a university student for only weekend/holiday use?

2
1 year ago
by admin in

Question : Are there any UK car insurance companies that will insure a university student for only weekend/holiday use?
My daughter will soon be off to uni, she wants her own car but will only use it when she is home for weekends and holidays, I have heard that some insurance companies will cover her for just these days – anyone know who?
holiday home insurance

Best answer:

Answer by babysparkle1975@btinternet.com
you would be better going into a high street insurance broker and asking, i havent heard of anyone doing this from makor insurance comapnies, maybe independant one would

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