Continued from Getting Proper Coverage (part 1) Get these types of important coverage, too: Inflation guard This option annually increases your premium at the rate of local building-cost inflation. Ordinance-and-law coverage This rider, which covers the costs of bringing your home into compliance with current building codes, is a must if your home is more [...]
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Getting Proper Coverage (part 1)
Just as there are different home styles, insurers offer a menu of different policies. For the majority of single-family homeowners, the most appropriate policy is the HO-3, sometimes called the special policy (in Texas, for some reason, it’s known as the HO-B). It insures all major perils, except flood, earthquake, war, and nuclear accident. You’ll [...]
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Value your home properly
First, you need to determine the cost of rebuilding your home. Insure your home for its replacement cost – that is, the amount it would cost to rebuild it if it were totally destroyed. That means determining the average local building cost in your region, and applying it to your home’s size, style, and quality [...]
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Things to Know About Home Insurance and Insurers
1. You’re a statistic. To an insurer, you’re not a person; you’re a set of risks. An insurer bases its premium (or its decision to insure you at all) on your “risk factors,” including your occupation, who you are, what you own, and how you live. 2. Know your home’s value. Before you choose a [...]
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Supplemental Policies to your Home Insurance
Insurance is a form of safety net to cushion the impact of unforeseen events that may lead to losses or damage to property or worse to persons. Home insurance is an essential requirement in financing a home purchase and closing the transaction. Most common supplement to a home insurance is what is called a hazard [...]
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Home improvement time
A senior assistant attorney general in state Attorney General Darrell V. McGraw Jr.’s office, Fulton specializes in helping homeowners across the state that run into problems with their contractors. The attorney general’s office maintains a consumer protection division, and Fulton and other lawyers in the AG’s office know the busy season for complaints is looming.
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Extreme Expectations: Home Edition
Extreme Expectations: Home Edition What to expect when you’re expecting a new home If you’ve made the decision to have a new home built from the ground up, be prepared to feel a bit like an expectant parent. You’ll want to monitor progress by checking in for regular visits with the professionals. The delivery date [...]
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Are home inspector rules beneficial to consumers?
The political situation here, where two of the leading proponents of new regulation are Realtors and trial attorneys.Kansas is the scene of the most current debate. Several Missouri bills are moving much slower.Inspectors opposed to the Kansas legislation claim the efforts are simply clever attempts to shift responsibility for all home defects to the guy [...]
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What to do in Case of Home Theft
Home theft is one of the reasons why people buy home insurance in order to protect their home and valuables within their home. Making claims in case of home theft can sometimes be confusing and difficult. Here are some tips how to proceed in case of home theft: 1.Inform the insurance provider of the incidence [...]
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