Here are some of the reasons why home insurance is important:
Property Coverage – Home insurance was created to keep your home covered. In case of damage to the actual home or
Buying a home is a process that many of us will go through in our lifetime. If we are like many other prospective buyers, we will experience this major decision three or four times in our working years. A home is often the largest purchase we will make, and it therefore deserves our careful attention.…
The family’s breadwinner’s income should be protected by insurance because it provides financial protection for dependents and from creditors, tax benefits and a basis for savings.…
Recent years, insurance companies have raised the deductibles, which means shifting the risk more on individuals. As reported, only 14 percent of people understand what they have in current…
Purchasing a home is likely the most monumental commitment one will be faced with. This deduction is based on the overall cost of purchasing a home, the average length of a mortgage, and preparation for home repairs. It is naïve to believe that portions of all the decision making principles would not at some point factor in with such a long term investment, any errors in the decision making process would create long term financial hardships.…
We are pleased to provide your Homeowner insurance renewal policy effective 1/31/17. Please review the policy and advise us if any corrections or changes are required. The deductible for this policy is $10,000, with a separate deductible of 3% of the insured value for Named Storms.…
1. Why should you never designate minor children as your primary beneficiary, but instead put assets intended for them into a trust?…
The decision to buy a home is one that cannot be entered into lightly. Experts say that a home purchase is one of the most important and significant decisions a person will make in their lifetime. Added with a new baby on the way, the decision becomes much more important. There are many factors that will affect one’s decision to buy a home. Many individuals make the decision to buy a home without considering some factors. This can create a negative situation beyond the individual buyer his or herself as we learned recently. Careful consideration should be made by examining the entire situation.…
The National Association of Realtors is trying immensely in order get congress to respond to a legislation that will help families extend their loan commitment, using the rural housing service program. This program enables low income families to buy houses. The government body can use their influence to help get this law passed, which will affect the housing market by allowing more families to be able to afford to purchase a home and the increase in housing purchases will stimulate the housing market. This could result in a higher rate for the housing market. This may also increase the jobs of building houses, which in return would place more disposable income into employee’s pockets, which will increase the demand for housing, and will also increase the housing prices. “As private mortgage markets have dried up, many rural families will be left out in the cold without these guaranteed loans. Increasing the commitment authority will assist rural families, support local housing markets, create jobs and generate new tax revenues,” Golder said.” (Salvant, 2010)…
Insurance that covers property you own or rent, such as a home or apartment, and the items inside the property.…
Immeasurable times a person’s outlook on education can be limited to just reading, writing, sciences, and math, leaving them close minded on assisting the community around them. Fr. Pedro Arrupe’s statement, ‘‘our prime educational objective must be to form men and women for others, who believe that a love of self or of God which does not issue forth in justice for the least of their neighbors is a farce.’’ is concluding that we, as citizens, should focus our primary education on being a well-rounded person. With that said, the best way to put forth our best self is to work to be sure everyone in our communities is provided with basic necessities that are essential to help one live. I have witnessed this first hand with my own sister, Jessica…
Predatory lending is a term that many home owners are familiar with in today’s real estate market. Not only is this practice unethical, in many cases it is illegal. When financial institutions violate the consumer trust they hurt more than just the company image. This was the case in 2001 when a Citigroup consumer lending subsidiary used deceptive practices to sell unnecessary insurance coverage to minority, elderly, and uneducated home equity borrowers (Heller, M., & Garver, R., 2001). Citigroup used the information obtained for the unintended purpose of selling additional services. In this case these services were unnecessary insurance premiums that were written into the loan without disclosure to the client.…
Miscellaneous coverage covers a variety of risks, and it can be known as three parts: dental insurance, long term care insurance, and other health expense insurance.…
One major trend in the home warranty industry is real estate and the marketing strategy that is targeted towards new and current homeowners.Home warranty policies are purchased and utilized to protect a homeowners major systems and appliances. Sean Salter, Ken Johnson and Randy Anderson (2004) explains the significance of a home warranty, specifically to new homeowners offers the sense of a piece of mind as the purchase of the warranty is usually covered by the sellers (Salter, Johnson & Anderson, 2004). Home warranties work similar to car insurance, as you are required to pay a monthly premium and whenever the service is used, a deductible is due at the time of service. Diane Tuman (2012) suggests that buying a sellers’ warranty for a home…
One would think that purchasing your first home would be a very fascinating experience; after all it is one of the most major purchases of your entire life. In America, home ownership ties in with the American Dream and the spirit of working hard to one day earn through hard work a home with a white picket fence. My husband and I felt that it was time for us to reward ourselves for all the hard work we have been putting in over the years by purchasing our first home, which was well overdue. I quickly learned the process of purchasing your first home can be very frustrating and stressful. However, if you survive the home buying process the reward is priceless once you move into your “American Dream.”…
In my opinion Franklin D. Roosevelt says it best, “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care… it is about the safest investment in the world.” To be successful in real estate I have to be able to put my clients’ interests and needs before mine. The benefits of homeownership I want to give people are, the benefit of privacy, the appreciation of the investment, and increased equity.…