Any System Allows A Consumer To Solicit Competitive Insurance Quotes For Their Property?
Question by Idhasoft | Posted in Insurance
Answer: Each INDEPENDENT agent in your area has access to multiple home carriers (I quote through 10 carriers currently). Or you can call agents with Farmers, State Farm, Nationwide, Allstate individually and get their 1 policy offering....
My advice: don't submit an online requested at one of those insurance sites. You will be bombarded with calls for weeks. Most sites say they'll get you quotes from 3-5 carriers, but you'll be amazed at how you will get 15-20 calls! And each caller has probably paid $10+ for that lead!
Bypass the headache, call an indy agent and know who you're talking to.
What Percentage Of The Property Value Should Be Added For Insurance (rebuild) Value?
Question by EnglishGee | Posted in Insurance
I am about to obtain insurance quotes via the internet for my house and am being asked for the rebuild value (ie demolish and rebuild). What percentage increase over and above the current sale value would provide adequate cover? Thanks.
Answer: It never ceases to amaze how Americans give answers to questions posted on the UK site convinced that they know the answer.
Frankly, however well intentioned, they know nothing about the UK market.
The demolish and rebuild cost is usually condsiderably lower than the value of the property. Why ? Because in the UK houses are the cheap bit.....it's the LAND that is expensive, and your land doesn't burn down. For example take two similar houses, one in central London and the other out in the sticks, property values will be very very different ...but rebuild values will be almost the same. As an example my own house is valued at around £450,000.... but the rebuild costs
How Much Can I Expect To Pay In Business Property Insurance?
Question by yp_joe_arlington_887 | Posted in Insurance
I'm planning on starting a small business from my house. Mostly it will be doing design work for people over the internet. I won't have any people coming to my house and I'll be doing very little traveling if any, however I will have about $10k worth of software and equipment at my house that won't be covered by my home insurance policy. About how much can I expect to pay monthly? I'm waiting to hear back on quotes. Please save the a$$-hole comments.
Answer: Well, you buy business insurance by the year, not by the month. Although many companies would be willing to give you a monthly payment plan once you're established and in business a few years, you probably aren't going to get that, the first year or two you're in busines.
Stand alone property coverage, is going to cost you $1,000. BUT, you *might* be able to get a business owners policy, with property and liability coverage, for half that - depending on exactly what it is you are designing. Neither of those would include professional liability, if you sell someone a flawed design that blows up.
Lastly, if it's really property only coverage you want, you most
What Should Be Done About The Insurance And Property Tax Crises In Florida And Other US Gulf Coast States?
Question by bugnscout | Posted in Insurance
All the major insurers are pulling out of the state. Insurance is simply unavailable for many people, even if they are able to pay the exhorbitant prices. The state has become the largest insurer. People are forced in to the state's high-risk pool which, by law, must charge prices 20% above going prices. When I moved to Florida a few years ago, my insurance bill was $700. This year, I consider myself fortunate that the bill for the same house is only $2500. The nearest other quote is $4500. This is for a modest middle-class home in a no-flood and hurricane non-evacuation zone.
The property tax structure shifts the tax burden to renters and those who have recently moved. The tax
While the current housing crisis may find you occasionally wishing that your house would just burn down so you could walk away from it and your mortgage without destroying your credit, the truth is that these tragedies hurt you in more ways than... This is the most obvious, and the one you’ve probably already thought of, so we’ll start here. Losing your home to a fire doesn’t leave you much choice in the matter. Loss of a place to live....
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Myths regarding insurance are pervasive, and home insurance is no different. InsuranceHotline.com dispels the top 5 myths that have sprouted up around home insurance, making it easier for insurance buyers to shop and purchase with confidence.
By Staff Writers PC360 brings our readers the top quotes from major industry players for the week of May 14. Industry leaders comment on the House's 30-day NFIP extension, force-placed