Posts tagged "Wallpaper"

Do I have to purchase Homeowners Insurance if I just purchased a condo in NJ? What are the pros and cons?

What does the Condo Association’s policy cover vs my own Homeowners policy?

Well, that’s a GREAT question. Read the bylaws, it varies wildly.

Some association policies only cover to the studs – you’re responsible for drywall/plaster, paint/wallpaper, carpeting, appliances, obviously your furniture & contents, etc. They don’t cover any LIABILITY inside your unit, either.

Also, they tend to have large deductibles – like $10,000 to $50,000 or even higher.

So, if you don’t have any coverage, and you have a $15,000 kitchen fire, there might not be ANY coverage under the master policy for you. Or they might pay $5,000 of it. I haven’t read your bylaws, or the master policy, so I have NO idea. You’ll have to do that.

Is it standard procedure for home insurance agents to visit your house before they insure it?

I was told by my ex that a home insurance agent was coming to look at the INSIDE of my house. I was under the impression only appraisers came to look at the inside of your home. Do home insurance agents do that now too? What’s the cheapest home insurance?

Nope, they can look at the inside, too. They’re checking for certain breed dogs, they’ll check your electric box, they’ll check for unrepaired damage, and they use info like wallpaper, tile, vinyl flooring, to calculate the replacement cost of your house.

An appraiser doesn’t come out until after the claim. The agent is doing "front line underwriting" and establishing the value of your house.Try this site

http://best-home-insurance-comparator-usa.blogspot.com/

Here you can get quotes from different home insurance companies in your area, its the best way to find an affordable home insurance with a reliable company.