Posts tagged "Insurance Agent"

What Goes Into A Nevada Home Owner Insurance Quote?

If you’re in the market for a Nevada home owner insurance quote, there are several factors that go into making your quote as low – or high – as will be.

Your lender’s requirements. Home owner insurance policies aren’t a legal requirement, but if there is a lender involved you may be required to purchase a home owner insurance policy until you’ve paid off the loan. Your lender may have certain policy requirements, so make sure you know exactly what those requirements are before you get a Nevada home owner insurance quote.

Your personal protection. Living beings are more important that material possessions; therefore, make sure there’s adequate coverage for you, your family, and any visitors and guests when you get your Nevada home owner insurance quote. Also make sure your Nevada home owner insurance policy will provide enough coverage should a visitor or guest become injured on your property and take legal action.

Your property protection. Cutting corners here and there may help you get a lower Nevada home owner insurance quote, but cutting corners means you may not get the coverage you need and the additional costs will come out of your own wallet. In other words, you might save money on your Nevada home owner insurance quote, but you might have to spend more money in the end. It may sound simple, but you need to purchase enough coverage to cover what you need covered. The insurance agent can always offer suggestions about ways to save money when you get a Nevada home owner insurance quote.

Each policy’s requirements. Each policy will have its own requirements. When you get your Nevada home owner insurance quote, talk with your agent about the policy coverage included that’s required by the policy as written by the company. If it’s coverage you want and need, fine. If it’s not you may want to consider looking for a Nevada home owner insurance quote elsewhere.

Elizabeth Newberry
http://www.articlesbase.com/finance-articles/what-goes-into-a-nevada-home-owner-insurance-quote-83753.html

What kind of earthquake insurance to you other California condo owners have?

Our HOA has some coverage, but I’m looking for supplemental insurance to cover meals and hotels if necessary, special assessments, things like that. Any ideas?

Can’t you get an earthquake endorsement on your condo owners policy? The HO6 form? If you were outside of CA, that’s how to do it. I"m not familiar with CA, so I don’t know if you can endorse a standard policy for earthquake, or if you need stand alone coverage, but your insurance agent should know, and should be able to help you!

How much does Homeowners Insurance cost?

Whats a good estimate for how much my homeowners insurance would be if I’m a first time buyer, my home is around 300,000. and I have good credit, plus the home is in a brand new developement. I just want an estimate. Thanks.

You are open for a pretty good range of values, depending on where you live and what coverages you are looking for.
Typical annual premium will be $500 for lower coverages in a not-so-risky area (risky is coastal, Southern Florida, fire or earthquake zones, etc).
If you already have auto insurance, call your agent to have him/her discuss your options; there are a lot of them. Make sure to use an independent agent that can write you a policy with one of several different companies. That will give you the flexibility of premium and coverage options.
A good agent will spend 30-60 minutes with you to make sure that they understand all of your insurance needs (car, home, home-business, kids, pets, etc). If they just spend 2 minutes to get the basics from you, keep looking for a better agent.

Should my condo insurance cover more than just my stuff like appliances, cabinetry, countertops, flooring?

Your condo association purchases insurance on the building and premises. Broadly speaking there are two approaches condo bylaws take to insure the property.

One approach is the condo association agrees to cover only the exterior and common areas. You are responsible to insure the interior this can include walls, wall coverings, flooring, furnace, appliances, lighting, plumbing fixtures, kitchen and bath cabinets (basically everything inside your condo). In this scenario you are responsible not only for your personal property but also the entire interior of your condo. As an insurance agent I did not like this approach because it is very difficult to determine how much insurance you should have to be able to repair or replace everything in within the walls of your condo.

The other approach, which I always preferred, was more comprehensive where the association agrees to cover the entire unit as it was originally built. In this scenario you only insure your upgrades (i.e. bookcases, upgrades, finished basements. etc.) and your personal property.

You need to carefully review your condo bylaws or have a good insurance agent go over the bylaws with you. If you don’t insure the property that you are responsible for you could find yourself woefully under insured and perhaps unable to rebuild your condo.

In addition to insuring the part of the building you are responsible for you need to determine the replacement cost of your personal property within the condo.

Sorry for the long answer but it is a surprisingly complex question.

Condo Insurance in Tampa, Florida Needed ASAP?

Now that State Farm Insurance will no longer be providing home or condo insurance, does anyone know another company that has reasonable insurance? I am not necessarily looking for the cheapest but want a reliable one that will PAY if I actually have a claim!

Jenny K, home insurance covers lots of different things. I’m not familiar with all the fine print of my policy, but my homeowners insurance agent is always helpful. Try calling your agent or a agent in your town. http://www.goodinternetdeals.com/Home-Insurance.html They will be able to help you.

Know anything about condo insurance?

My wife and I have been condo owners for two years and have had homeowners insurance the whole time. Our expiration period is coming up soon and need to renew, but we’re not sure what coverage we have to have versus what our condo board already provides. Can anyone help?

Yes I could ask the board, but then how would you earn Answers! points?

Your condo association purchases insurance on the building and premises. Broadly speaking there are two approaches condo bylaws take to insure the property.

One approach is the condo association agrees to cover only the exterior and common areas. You are responsible to insure the interior this can include walls, wall coverings, flooring, furnace, appliances, lighting, plumbing fixtures, kitchen and bath cabinets (basically everything inside your condo). In this scenario you are responsible not only for your personal property but also the entire interior of your condo. As an insurance agent I did not like this approach because it is very difficult to determine how much insurance you should have to be able to repair or replace everything in within the walls of your condo.

The other approach, which I always preferred, was more comprehensive where the association agrees to cover the entire unit as it was originally built. In this scenario you only insure your upgrades (i.e. bookcases, upgrades, finished basements. etc.) and your personal property.

You need to carefully review your condo bylaws or have a good insurance agent go over the bylaws with you. If you don’t insure the property that you are responsible for you could find yourself woefully under insured and perhaps unable to rebuild your condo.

In addition to insuring the part of the building you are responsible for you need to determine the replacement cost of your personal property within the condo.

Sorry for the long answer but it is a surprisingly complex question.

Does condo insurance cover your personal belongings or just the interior structure of the building?

inletts, home insurance covers lots of different things. I’m not familiar with all the fine print of my policy, but my home insurance agent is always helpful. Try contacting your agent or a agent in your town. http://www.goodonlinedeals.com/Home-Insurance.html They will be able to assist you.

When do you stop paying home insurance on a foreclosed home?

Our house was not sold at auction and now reverted to lender? We kept up with the home insurance. When does our obligation end for the home insurance? The realtor we talked to that was assigned to the home said we would be given 14 to 30 days before we had to move out. He would work on the 30 days. Our insurance is due the 25th are we still obligated to pay the insurance past that point or has the lender put their own insurance on the home? Our insurance agent has not returned my call into him.

Since the homeowners insurance is also covering your personal property and personal liability, I would not cancel the policy or stop paying until you physically move out of the home. In other words it is best to continue paying it until you move out. Once you cancel the policy the insurance company will send you a refund for the amount you overpaid. When the insurance agent returns your call, make sure that he or she understands that you are still residing in the home.

I am sorry that you have lost your home and wish you better luck for the future.

New Florida Condo Owners Insurance Policy?

All condo owners are required to have their own home owners insurance policy. After paying my mortgage,and association dues,as a single parent with one income,I have no money left for this additional expense. What must I do?

home insurance covers lots of different things. I’m not familiar with the Florida laws and regulations, so I suggest you call a nearby homeowners insurance agent. http://www.easyhomeinsuranceguide.com/Florida-Home-Insurance.html They will be able to help you.

How much jewelry is covered under a homeowners insurance policy?

I would like to know precisely what is covered and to what amount it is covered under a homeowners insurance policy.

This varies from policy to policy. Be sure to check with your insurance agent. Ours only covered $500 worth so we had to get a "rider" to cover my jewelry.