 A question about mortgage insurance? |
What is the extent of a mortgagor's insurable interest in the property which is the subject of the mortgage?
1) The value of the house
2) Nil
3) The amount of the loan plus ... |
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 Is this a pre-existing condition?? |
| My insurance started on Jan. 1st 2008 ... I went to the ER on 12 11 2007 for a 7mm kidney stone and they referred me to a urologist who has been really doing nothing but giving me pain pills until ... |
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 Do you know of any low cost personal health insurance? |
| My employer recently cancelled our health insurance and I was looking to pick up a plan on my own. Do any of you have any companies that I can look ... |
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 What is the best company to get travel medical insurance through? |
| I am going to France through a study abroad program through my college. In order to apply for a visa, I need a letter from my medical insurance company stating that I will be covered in France, but I ... |
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 My insurance has decided they are not going to cover my pregnancy? |
| My son was born on May 21st and we just received a notice from our insurance company saying that we "may owe" around $10,000 for a pregnancy that we thought was covered (we have been paying ... |
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 How to get insurance for my baby? |
| I am 19 years old and 7 months pregnant.... I live in New Jersey. I have insurance under my mom but it wont cover my baby. I've been to the department of health care services and they said im ... |
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 Suing doctor's for negligence? |
Do you believe in suing a respectable family md for negligence?
My mother is hospitalized for 7 mo. for sepsis . Her family Md and surgeon were asked several times to be transferred to another ... |
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 Name a good place to get bonded and liability insurance? |
| I'm starting my own cleaning business I need to know where to get good insurance?... |
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 I work for halifax home insurance is my job safe? |
| Hi all, im currently on maternity leave and i am employed by HBOS as a team manager for their insurance division. Do yo think my job is safe after the recent take over?????? i have no idea if it is ... |
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 Funeral ettiquette? |
| My husband and I own and operate an insurance agency. One of my clients is my sister's ex mother-in-law and father-in-law. My sister and her ex-in-laws do not get along at all. I have never had ... |
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 Has anyone ever thought of getting a lot of life insurance to cover bills after death? |
| I mean literally? Economy is horrible. People can't find jobs, can't pay on loans and things. So when you can't pay, don't worry about it but always make sure you have the life ... |
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 Can insurance companies take money back for a procedure they already pre authorized and make the patient pay?! |
| The procedure was approved by the same insurance company for another lady under the same plan and the same doctor. The normal steps were taken. A doctor's visit to diagnose, the request for ... |
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 Maternity leave? |
Hello
We have life and health insurance at my work. Life is free and we automatically receive it. Health is not free and optional to purchase. I did not purchase the health insurance. Not ... |
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| Medical Insurance Question, what can I DO? |
| I just gave birth to my son last month and I filled out the form to put him on my health insurance (offered by my employer) and it was waiting approval because I was waiting for City Hall to give me ... |
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zita | What should a new home owner consider when purchasing insurance coverage on the new home? |
I am unsure what all I should be asking the insurance companies about their coverages. Can you give me some tips? |
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src50
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In general, you need:
1. liability coverage to protect you if someone is injured on your property.
2. Damage coverage for the improvements and contents (personal possessions like furniture, etc.)
3. You need to ask what the coverage limits, exclusions and limitations are (most policies have limitations on jewels, precious collectibles, etc.).
4. You need to know what your deductible amounts are in the event of a claim.
5. You need to know if "replacement cost" coverage is provided.
6. Your need to know if the policy covers any "other" structures you may have (a detached building, swimming pool, etc.).
Some insurers will provide premium discounts if you "bundle" your homeowner and auto insurance with their company. Some provide discounts if you have a burglar alarm system, etc. Remember that homeowner's insurance does not cover flood damage. You have to purchase separate flood insurance for that. |
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Queen B
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Be sure they have the home and contents with replacement value. this means that if you have a loss they will replace it at the cost of todays prices, not on diminished value. Also be sure that you have at LEAST $300,000 personal liability on the policy. I recommend $500,000 on this to my clients. This is to protect you for anything you can be held liabile for and be sued over. In todays world, this coverage is as important as the coverage on the dwelling itself. Also, it is relativley cheap...you can get $500,000 for about $12-15 a year on the policy. Make sure that you understand a home policy does NOT cover flood!!! Ask about exclusions on the policy and make them explain to you what is exactly covered and for what perils. You want to do your research and make sure that you are with a A+ or better rated company. |
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Fred C
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If it is a new home, buy a comprehensive policy if possible. This provides all-risk coverage on home and contents. Ask for guaranteed replacement cost on the home, not just replacement cost. Guaranteed replacement cost is only available if your home is not older than a certain number of years, and is insured to value calculated by an accepted replacement cost evaluation. Replacement cost will have a limit approximately 110% of the evaluation, guaranteed will not have that limit, meaning you are protected against sudden spikes in the cost of materials or labour. Liability coverage protects you against being held resposnsible for injuries and property damage to others. I do not sell a policy with less than $1,000,000 liability coverage. If you have furs, jewellery, watercraft, etc, ensure your limits are adequate, and purchase riders if necessary to protect them.
Instead of shopping company to company, deal with a broker. If you came to me, I would run the quote with 10 companies, and give you the ratings of the best 3 for your situation. If you have a high value home your choice of companies gets smaller (2 usually) but you can get specialty coverages, such as cash-out of full value in the event of a total loss, instead of having to rebuild. If you came into my office, after I gave you the quotes, I would likely spend a good hour going over details with you. Do not make the mistake of waiting to the last minute. I have had people phone for insurance, and tell me they were on the way to the lawyer's office right now. You end up with no choices when you do that because of time constraints.
Here is a general guide for the US.
http://finance.move.com/HomeFinance/Insurance/HowToBuy.asp?lnksrc=FININSLRLINK03&poe=homestore
Here is the site for the Insurance Bureau of Canada
http://www.ibc.ca/en/Home_Insurance/ |
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mbrcatz
 |
You need to work through a local agent that you trust, who can advise which additional coverages you might need.
Some coverages I routinely recommend:
Replacement cost on building & contents
Backup of sewers & drains
Building ordinance & law
Personal Articles floater, for jewelry, silver, etc, if needed
Also, the agent should ask you about a flood policy. Just because you might not live in New ORleans, or on a coastal area, doesn't mean you're not subject to a flood loss. Flood also includes water running downhill - not just uphill - and isn't covered AT ALL under a homeowners policy.
For me, it's more about the agent, who can explain & recommend coverages, than the company. |
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LALA
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liability coverage
replacement cost coverage
flood insurance |
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nigyar_98
 |
How To Understand What Your Homeowners Insurance Really Covers
- read the article here:
http://house-insurance-site.blogspot.com/2007/10/how-to-understand-what-your-homeowners.html
And one more article source:
Home Insurance Coverage - What Do You Really Need?
http://house-insurance-site.blogspot.com/2007/11/home-insurance-coverage-what-do-you.html |
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