According to the National Association of Realtors, most average home buyers look at 10 to 12 homes before making a purchase. However, some can painstakingly look for months, even years, before finding the one.
Mary is a junior partner in a law firm and drives a car that the firm owns and insures. She is unmarried and her children are not old enough to drive, so she does not carry a personal auto insurance policy. The firm’s auto insurance covers her as a partner and she doesn’t own another car, so she sees no need to have her own policy. Most of the time, this is not a problem. However, spring break comes and she takes her kids to DisneyWorld. She rents a car at the Orlando airport and never gives a thought to whether her firm’s insurance will cover her if she has an accident with the rental. In this case, a phone conversation with the firm’s insurance agent would have been a good idea.
Any electrician will tell you that copper wiring should always be used for the electricity in your home. But copper is expensive and that can be a hindrance, in some instances more than others. In the mid 1960s to the early 70s copper was far too expensive to be used in homes and was replaced by aluminum as the preferred material.
Flood insurance is a horse of a different color when it comes to the types of coverage available because it must be obtained through the Federal Emergency Management Agency (FEMA). Under the National Flood Insurance Program (NFIP), there are flood insurance guidelines and policies for both the condo association and the individual unit owner.
There it is, that shiny new car you’ve had your eye on for the longest time. It finally has a sticker price you can afford, so what’s stopping you from buying it? Before you sign on the dotted line, make sure your dream car isn’t destined to become a death trap for you and your family.
If you have spent considerable time and money on a collection you probably want to ensure that it is well protected. Homeowner’s insurance does not necessarily cover large collections and it is best to find out whether you are covered before an incident of loss, rather than after. Most homeowner’s policies cover items such as jewelry, stamps or antiques, and value them between $500 and $2,000. Generally, if your collection is worth more than $3,000 it is a good idea to purchase separate insurance. Talk to your insurance provider to find out the cost of a specialized policy or ‘floater’ for your collection. Compare this cost to that of a specialty insurer.
When an individual or business buys property insurance, the primary concern is normally the replacement of the building if a fire completely destroys it. However, in many losses, a portion of the building escapes damage or machinery and equipment may be salvageable. In these situations, the policyholder and the insurance company must decide whether to repair the property or replace it altogether. The policy ordinarily states that the company will do whichever costs less. However, the answer to which costs less can become a gray area, complicated by several factors.
While almost everyone would like to save on their auto insurance, it can be a big mistake to be penny-smart, dollar-foolish. The dollar amount you set your comprehensive and collision deductibles at will be one of the most important decisions you make during the purchase of auto insurance. In turn, the deductible amounts you set will be one of the main determining factors in the amount of your monthly premium.
Owning a condominium is a cross between being a homeowner and being a renter. The unit you purchased belongs to you, but you are still subject to the by-laws of the association that runs the entire complex. That puts you smack dab in the middle when it comes to insurance coverage.
If you have children, you are always on the alert for products that will keep them healthy or safe. Keeping this in mind, ad agencies for the top automobile makers design their commercials to tout just how safe your children will be on the road while riding in their clients’ cars. The safety factor has usually been a great gimmick, especially when it came to the SUV. Well, not any more.