Question by Jar: cause for home owners discount in Automobile insurance?
What are the economic cause for discount in “Automobile Insurance” if the individual is also a home owner?

I see that even if the home owner insurance is not with the exact same carrier as Auto Insurance but nonetheless car insurance organization provides the property owner discount. And if it is with the very same firm then it is known as “several policy” discount.

Also, One of the individual has been renting and has the car garage, but that person did get the discount for garaged automobile but it was much less than the property owner discount.

How does the probability of accident or other loss reduce with home ownership?

Best answer:

Answer by zeuz
“How does the probability of accident or other loss decrease with property ownership?”

This is the incorrect question. Car insurance is priced on correlations rather than causations. There seems to be a correlation in between lower loss charges on automobile insurance for men and women who have home owners insurance when compared with the whole cohort of men and women with car insurance.

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The only reason everyone gets title insurance is because 99.9% of home buyers need to take out a mortgage and mortgage companies make you pay for title insurance or they won’t give you the money. In my case, I’m paying cash for a 190k condo. Do I really need title insurance? The husband and wife that Im buying it from have owned the condo for 13 years. If they had title insurance on the condo, doesn’t that take care of finding out about all the previous owners? Can’t I just do a search on the husband and wife to make sure they have no liens on the property?

Absolutely. I don’t think you’ll find anybody who will advise you against purchasing title insurance, whether you’re paying cash or not. There could be liens on the property that you’ll never be able to find on your own, and there may be liens that the sellers aren’t even aware of. You could potentially lose your home just because you wanted to save a few thousand dollars. It’s not worth the risk.

I have been actively seeking homeowners insurance and for some reason no one will insure a customer with a pet snake! My snake is a nonvenomous exotic breed that is extremely common as a pet (ball python). Any suggestions on a provider?

Try this site

http://hinsurance.notlong.com

here you can get quotes from different companies so you can find the best option for you.