What Are The Basics Of Homeowners Insurance Compared To Most Other Forms Of Insurance?
Question by jakobie h | Posted in Insurance
Answer: Well, this is a huge question, requiring several months to write the book on it.
So my short answer is, go buy your local agent lunch, and sit down with him and ask about it. Be prepared to spend several hours.
How Much Is Your Homeowners Insurance?
Question by florida_sassy | Posted in Other - Society & Culture
I live in Florida and want to compare with other people. What state do you live in?
Man, I am reading your responses and I have to pay over $1,000 a year for renters insurance
Homeowners here pay around 5K
Answer: i dont' have homeowners insurance but i do know that my landlord only charges me enuff rent to cover hers and i live in louisiana...it's $250
I am buying my first home and wondered if it's true (I've read several articles saying it is, but my attorney and realtor both never heard of it):
Shopping around for a homeowners title insurance policy vs. just going with whomever the mortgage company/lendor selects at closing.
One article:
http://personalinsure.about.com/od/homeo wners/a/aa071105a_2.htm
I was told by my mortgage broker that he's never heard of it either and by his account, it is generally a standard fee across the industry. Am I the only intelligent one of this bunch, or am I reading all the wrong websites? :-)
I plan on calling my property insurance company
Answer: Address the "tips":
1."The choice of which title insurance company to select is yours, so contact more than one title insurance company to compare costs. " - This is true, however in most states, the cost of the insurance is set, the only thing to negotiate is prep-fees, searcher fees and other extras added by the title company.
2."If the property you are purchasing has been re-sold in the last 5 years check to see if the title insurance company will offer you a discounted rate. " - Almost true - if your doing a refinancing within 5 years, there is a reissue rate for the owners policy. Does not apply for new purchases.
Does Anyone Have Geico's Homeowners Insurance (Ins. Counslers, INC)?
Question by bobbybond2 | Posted in Insurance
I received a quote from Geico for homeowners and it was very attractive compared to All-State & State Farm. I was wondering if anyone has it and what kind of experience/review they may have?
I currenlty have Geico for Auto, so the discount helps in the long run. But, switching my auto and home to All-State (even with the discount) wouldn't save much.
Thanks
Answer: We have Geico homeowner's insurance. Just so you know, Geico doesn't actually write the policy. Travelers Insurance is actually who writes the policy. It's Geico's way of offering homeowner's insurance without actually offering it.
So far we have a great policy, no issues. I do have experience with Traveler's and they're a great and reputable company. You can google reviews on Traveler's if you'd like.
They did have attractive pricing. But we're looking to switch to USAA for homeowner's insurance because it's even better! But you have to be connected to someone in the military to do such.
Who Places The Amount Of Personal Property Insurance Coverage On A Homeowners Policy?
Question by westcoast3410 | Posted in Insurance
Is it based on a percentage of the "dwelling" coverage? I have $407,000 on my home and $284,000 on my personal property. It sounds outrageously high to me, when compared to the home itself. I know that I never gave anyone that figure.
Answer: On most standard homeowners policies, the personal property coverage is a percentage of the dwelling amount - as is the loss of use, and other structures coverage. That percentage varies from one company to the next, AND by policy form, but will generally be 50% to 90% of the dwelling amount.
Now, when I hear people talking like you, I think they don't really mean, "I have too much personal property coverage". I think what they REALLY mean, is "I think if I can cut this coverage down, I'll save money on my premiums". But it doesn't work that way.
The entire PRICE of your policy, is based on the DWELLING amount, plus the endorsement costs.
Real Estate Today: Best Homeowners Insurance in Florida (Part 2 of 3) - Koolik Group Realty Video
www.koolik.com In this episode of Real Estate Today with Elliot Koolik of Koolik Group Realty, we will join Lisa Pacillo, President of All Risk ...
Get the Most Affordable Homeowners Insurance Rates in South ...
by rstrst
The best insurance comparison sites have a toll-free telephone number and an online chat feature so you can talk with insurance professionals and ask questions to make sure you get the most affordable homeowners insurance rate with the best company. Insurance comparison websites let you get fast and affordable homeowners insurance quotes for your South Carolina home. If you’ve been searching for affordable homeowners insurance rates in South Carolina, you can get them by visiting an insurance comparison website. Here’s how …. Insurance Comparison Websites are the Answer to Your Insurance Needs....
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UNEMPLOYED SOCIAL worker Mary Burton had never heard the term “forced place insurance” when the monthly mortgage payments on her modest Staten Island home suddenly shot up from $864 to $1297. Her homeowner's insurance had lapsed, and her lender,
Dog bites accounted for more than one-third of all homeowners insurance claims paid in 2011, costing nearly $479 million, according to the Insurance Information Institute. State Farm, the largest writer of homeowners insurance in the US, paid out more