Posts tagged "Flood Insurance"

Mold, Fire, Flood & Other Topics: Homeowners Insurance Explained

Mold, Fire, Flood & Other Topics: Homeowners Insurance Explained

Frustrated with your insurance company? Wondering if your house is underinsured? Want to know what to expect when you file a mold claim? If you answered "yes" to any of these questions then "Mold, Fire, Flood, & Other Topics: Homeowners Insurance Explained" is for you. This is the book many insurance companies don’t want you to read. Packed with 101 short, easy-to-read, informative topics, it’s a valuable tool for everyone wanting to know the essentials about homeowners insurance but do

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Keith Olbermann: Senators Opposed to “Socialized” Health Insurance Voted for “Socialized” Property Insurance

(Via http://crooksandliars.com ) As Keith notes, the Senators who hate the idea of a public option for health insurance sure didn’t have any problem voting for a public option to protect the profits of insurance companies against too many flood claims.

Duration : 0:5:13

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Real Estate Today: Best Homeowners Insurance in Florida (Part 2 of 3) – Koolik Group Realty Video

http://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 Insurance Group and licensed insurance broker, in deciding how to choose the best homeowners insurance policy in Florida. Lisa will explain Citizens homeowners insurance in Florida and how it compares to private insurance companies. Citizens homeowners insurance can not deny anyone in Florida but is largely a last resort insurer. Independent agents and brokers can offer more options if you are purchasing a home or changing insurance companies because of dropped coverage or increased premiums. Premiums can be reduced by increasing deductibles. For damages caused by anything other than a hurricane, such as a pipe breaking or roof collapse, there is the all other peril deductible, which can be set at $500, $1,000 or $2,500. Hurricane deductibles are set at 2%, 5% and 10% of the dwelling amount. There are also discounts available for homes with storm shutters, roof mitigation certificates, alarm systems, homes in gated communities and condos with central sprinkler systems.

Duration : 0:9:6

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Real Estate Today: Typical Homeowners Insurance Coverage (Part 1 of 3) – Koolik Group Realty Video

http://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 Insurance Group and licensed insurance broker, in answering the question “What does homeowners insurance cover?” Lisa will break down typical homeowners insurance coverage including how much coverage is required and what is insured under that coverage. Lisa explains that every homeowner must cover their mortgage amount based on the rebuild cost of replacing 100% of the structure in the event of a hurricane, fire, etc. Coverage B covers any structures other than the house itself. This may include a swingset, shed or other unattached structures and is included in the insurance premium. Coverage C covers personal property including kitchen cabinets, flooring, bathroom vanities, toilet, etc. Coverage C offers two methods of insuring this personal property. One method is full replacement cost which is more expensive but will cover the cost of a replacement. Option two is more affordable but only insures personal items at their purchase value minus depreciation. Flood insurance is covered under National Flood Policy and is typically under $500 annually.

Duration : 0:7:52

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How much is home insurance per year in South Florida ?

Were purchasing a home around 300,000 how much is insurance yearly ? Anyone pay around this much ?

It doesn’t work that way. It’s ALSO based on the age of the house, YOUR CREDIT SCORE, the claims history of both you and the house, etc.

And the bad news is, there isn’t any competition for homeowners insurance in FL – you’re GOING to end up with the state fund, Citizens. The HOMEOWNERS part of it will cost you about $3,000 a year. The FLOOD insurance part will likely cost you about $1500 – but the MOST flood coverage you can get is $250,000, so you’ll be needing to put at least $50,000 down on the house or you won’t be able to get the mortgage. Then the WIND coverage is probably going to run you about $5,000.

Total insurance cost . . . budget $10,000, and you should be slightly under.

What is the best insurance coverage for the second home condo use for seasoanl rental?

The condo has flood insurance, but I was told to purchase the coveage, I guess liability inside my unit. What is the inexpensive and reasonable coverage?

You NEED full liability insurance. The amount should be enough to protect your Assets. If some one hurts themeself at your rental property, there needs to be enough insurance, so that they do not come after your assets. If you have a standard (150/300 or 300/500) on that property, you might be able to get an umbrella to extent all of your coverages ( your primary as well) to a million or more. You also have to check with your insurer to make sure that the fact that this property is rented does not invalidate it for the coverage you are purchasing

I buying my first home in Georgia and need home insurance, what should I pay to have covered?

What do I need to ask to be covered in my home insurance plan?

Here are some things to consider and ask when comparing policies. What is the liability coverage limits? Do I need excess liability? What are the medical payment limits? Do you need more of either for your purposes (like do you entertain a lot, have hired help on your property, etc.) Does it include worker’s comp (in CA it is mandatory) and it is mandated in your state? What is the coverage for out buildings (sheds), fences, yard ornamentation, etc. Are there mold and mildew restrictions? (Many insurers are excluding both after Katrina). Am I in a FEMA flood plane and do I require flood insurance? Do I need tornado insurance? Is wind damage covered? How are payments structured (i.e. do they have nuisance fees if the policy is not paid in full up front) and if so, is it recurring, a percentage or a specified amount per payment? Do I get a discount for: combining home and auto, fire and burglar alarms, being located close to a fire hydrant or fire station, fire proof construction (i.e. concrete roof shingles, metal framing), clearing a 100 foot defensible boundary, being a certain age, having no claims, having fire extinguishers in the kitchen and garage, etc. If going through a broker, ask how they are compensated, by commission you pay or commission paid by the company. If you are college educated, check with your alumni to see if they have an agreement with any certain insurer for discounts (same applies if you belong to professional membership organizations or a union). What is the personal possession coverage and do you require riders for special collections or jewelry or power tools in a workshop?

Rep. Gene Taylor Takes to the House Floor to Talk NFIP and Wind Insurance

On July 29, 2009, Congressman Taylor had a 3-minute exchange with Financial Services Committee Chairman Barney Frank on the House floor about the committees plans for flood insurance reform.

The conversation came during consideration of a bill to extend the authorization of NFIP through March 31, 2010.

The House passed the bill by voice vote. The Administration had requested a longer extension.

Duration : 0:2:23

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