Posts tagged "Insurance Carrier"

Protecting your Real Estate- All About Homeowners Insurance

homeowners insurance companies rates can vary from one company to the next as much as 100 percent for them same amount of coverage. It is crucial to shop around for the best insurance policy. While making comparisons write down quotes for equivalent coverage. You will want to know whether the insurance carrier has a reputation for prompt and dependable claims service, so it’s a good idea to check references.

California law prohibits a lender from requiring the borrower to carry fire insurance in excess of the replacement value of the improvements on the property, even if this is less than the loan amount. However the borrower’s property insurer must establish replacement value.

Underinsuring a property can result is serious consequences. Even over-insuring your home can result in major money wastes. Guaranteed replacement cost coverage provides the widest range of coverage available if the home is insured 100 percent of the cost to replace the structure. The entire structure must be replaced at the insurance owner’s expense with guaranteed replacement cost coverage. This applies even if the cost to rebuild is more expensive than the coverage amount. Without this type of important coverage the insurance company will pay up to the coverage amount, even if the price to rebuild is higher. Also look out for policies that offer guaranteed replacement cost coverage but put a cap on the amount of a single loss.

By selecting a policy with a high insurance deductible you can save a significant amount of money. The amount of savings by opting for a $500 or $1,000 deductible over a $250 deductible will vary from one company to the next.

If you are paying all cash for your home, it is strongly advised that you insure your property for its replacement value at the close of escrow. All buyers who take out a loan are required to insure the home with a fire insurance policy that names the lender as the loss payee.

You also should consider adequate personal property coverage to protect yourself against the loss of your personal belongings. In addition to personal property coverage, you should consider liability coverage to protect against claims for injury or damage to another.

Another common addition to a standard homeowner’s policy is earthquake insurance. Earthquake insurance usually carries a very large deductible, about 5 to 10 percent of the replacement cost. If you live in an older home, the insurance company may require that your home be secured to the foundation with anchor bolts. This can be installed by your local contractor or structural pest control company.

If you live in a flood prone area you lender might require you to obtain insurance through the National Flood Insurance Program.

Insurance agents will want detailed information about the property being covered prior to issuing the insurance policy. Insurance agents will commonly want to physically inspect the property.

There are insurance premium discounts available if the home has a smoke and security alarm, close to a fire hydrant, is new or remodeled.

Joe And Colleen Lane
http://www.articlesbase.com/home-improvement-articles/protecting-your-real-estate-all-about-homeowners-insurance-86236.html

Is there a way to find out a persons homeowners insurance?

My daughter broke her arm at daycare. It turns out the lady doesn’t have liability insurance. She refuses responsibility and won’t give me info. Is there a way to find out her homeowners insurance carrier? (This is in KS)
More details, my daughter fell off a swing at the daycares house. First of all ,she is 5 and was left unsupervised. Second, she was swinging on a swing that was too high for her, the seat was about level with her chest. And last but not least, the daycare provider did not have the appropriate insurance, which I have found out is required by this state in order to be a licensed caregiver, so she is in trouble with the state for not having that insurance. I’m guessing an attorney is my only option.

Well unless she has a business attachment to her homeowners they will not pay for any injury done at the home for a daycare. Only covers guest, not customers, she would have had to pay an additonal premuim to have coverage for a buisness on her homeowners.

Next if the day care was at fault just sue her, small claims court will be fine, if she has any insurance, she will turn it over to them, if not, you will win a judgement against her.

Of course there has to be some fault or neglect, if your daughter merely feel or had an accidnet not the daycares fault, they are not really liable for anything

What homeowners insurance do you use/recommend?

I am looking for homeowners insurance for a home in California. We have 2 dogs, one which is a German Shepherd. What insurance carrier works well with dog owners?

state farm. they don’t descriminate towards any breeds.