Check out this beautiful 1 ACRE Property !! Built 1998, 2015 Remodeled Kitchen and Bath, 2015 New Roof, 2014 Water Heater, 2015 Central A/C, 2015 Power Generator installed, BBQ Hooked to Home Gas Line, Professional Landscape, Expanded Wood Deck Remodeled 2015, Updated Home, Cape Cod Home for Sale, Sandwich Real Estate, Close to Pond & Walking trails, No Flood Insurance Needed, Free Water Well & High-End Water Purification System, Soft Water System, Solar Energy, NEST Climate Control, FAST WiFi, Security Lighting, 1 Acre Lot, Koi Fish Pond, Nice Neighbors, features 3 Bedrooms, 2 Full Baths, (updated Master Bath) Southern Yellow Pine Floors, Large Updated Kitchen, Granite Counter Tops, Tile, Custom Cabinetry, Crown Molding with Breakfast Bar and Stainless Steel Appliances. Call me, Davidson Calfee (508) 540-2603 or email Davidson@CalfeeInsurance.com to see the house!! Safe Neighborhood, Private location - NEST Climate Control Link-
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Is there such a thing as cheap home insurance? There may be a better question. Is home insurance really that expensive? Homeowner’s insurance may very well be the consumer’s best buy when it comes to insurance. There are multiple benefits and features that make the home policy unique. Most everything that the homeowner owns including the dwelling can be covered in some way by homeowner’s insurance. When you think of the magnitude of the coverage afforded by homeowner’s insurance versus the premium paid then you would have to agree that homeowner’s insurance is a very good buy. The rates on property insurance in general, have increased over the last ten years. Much of that has to with increased catastrophes like the hurricanes in Florida. The toxic mold problem that originated out west has also caused premiums to increase on a national basis. The home insurance buyer really needs to focus on a few areas to get the most for the premium dollars paid. Accurate Dwelling Amount – This is the first most critical decision that you will make. The square footage of your dwelling has to be correct in establishing the replacement value of your home. The market value is of little use to you when you purchase insurance to rebuild the structure. Replacement cost is better for homes that have been built within the last 40 years. Check with your insurance company underwriting guidelines. Replacement Cost or Actual Cash Value – This facet of your home insurance policy should be clearly understood. Replacement cost insurance on both your dwelling and its contents means that the insurance company will rebuild or replace your loss with like kind and quality. Actual Cash Value will calculate the replacement cost and then subtract for depreciation. The actual cash value policy is cheaper but you will have to come up with the depreciable amount out of your own pocket. Deductible – Higher deductibles bring your premium down substantially. $500 to $1000 deductibles are common. This is a huge savings to you over the years and is your most valuable tool in lowering the cost. We have all heard about the impact that we are having on the world and the changes that are set to happen and indeed are happening, including changes to the weather. With more claims on home insurance policies being related to weather, it is now more than ever imperative to have home insurance in order to protect yourself from whatever Mother Nature throws our way. While there is nothing we can do to prevent Mother Nature from doing her worse there are many things which homeowners can do to prepare for what she offers and the damage it can do to the home. Making sure that your roof tiles are in good order, the chimney and roofing is in good order and cutting back any large and overhanging trees can all go towards getting cheaper home insurance cover and reducing the risk if making a claim. Even if you have adequate insurance to cover damage done to your home, in the majority of cases claims take time to pay out. Therefore it is essential that you have savings in order to pay for any major repairs that cannot wait until the insurance pays out. Of course you will eventually be able to reclaim any money you pay out for repairs providing the insurance company agrees to the work and damage and that it is covered under the policy. It is also essential that you keep any receipts for any work done. Another factor to take into account is if you have had major home improvements made to your home, this can add value to your property so should be included in your policy when you renew it. By shopping online or using a specialist independent broker to find your home insurance are the easiest and cheapest ways to protect yourself against what Mother Nature has to bring your way. When getting home insurance quotes, always compare policy terms and conditions and not just the premiums. And when comparing policies make sure that you check out at least four or five different companies and compare not only the cost of the premium but also what the policy entails. Some will ask that you pay up front for repairs and then reclaim, while others will provide you with a 24 hour emergency number and certain companies to complete the work needed in the quickest time possible. In 2004, the insurance industry estimated that about 45% of their settled claims were for damages caused by weather. This past January, that percentage climbed as high as 60%, with a possible £300 million worth of damages being claimed by homeowners for weather related incidents. Is your home covered against damage from high winds? Will your insurance company pay out to repair damage caused when your plumbing freezes? How much will you have to pay out of pocket for repairs if heavy snow takes out your rain gutters or damages your roof? If you’re not sure of the answers to those questions, it might prove enlightening to pull out your home insurance policy and have a read. According to an industry spokesman, too many homeowners find out what their buildings insurance does and doesn’t cover after they have incurred a loss and submitted a claim. That’s the case for many homeowners who suffered damage to their homes during the high winds of the past January who found, to their shock, that they’d be bearing the brunt of the repair bills from their own pockets. In fact, the most recent figures suggest that over one third of homeowners have no home insurance at all, and many more are paying out for policies that don’t adequately cover the damages that they might face from adverse weather. Home insurance policies vary widely on precisely what weather damage they cover, and how much you’re expected to pay out before the insurance company will pay its share. That’s why it’s important to sit down with your policy or your broker – or both – to discuss precisely how much coverage you have for weather-related damages, and if there are limits and exclusions to that cover. Some of the most common exclusions and limits include: Damage from floods If you live in an area with a high possibility of flooding, you may need to purchase separate cover to deal with damage from flooding. It’s vital that you not neglect this, say insurance spokesmen. The cost of repairing damage after a flood can easily run to £30,000 or more. Compare that to the average weather related claim of about £500. Water damage from burst pipes Watch for limits on the amount of damages you can claim if your pipes freeze and burst. A burst pipe in your loft can quickly damage walls and ceilings, and result in unhealthy growth of mold and mildew if not cleaned properly. The cost of all those repairs can easily and quickly mount above typical limits on damages. Contents cover If you only have buildings insurance, you may find yourself out of luck when damage to your roof results in the destruction of your expensive draperies, carpets and furnishings. Even if you carry cover for your home contents, you may want to carry extra insurance if you own expensive items like Oriental rugs or fine artwork. Outdoor and garden items Many policies only cover items inside your home from weather damage, while other policies will even pay to replace plants damaged by storms in severe weather. If you’re an avid gardener, or have outdoor patio and yard equipment, consider a policy that includes garden cover. Be sure to review your policy periodically to be certain that you’ve kept it up to date, especially when you make new purchases or add an extension to your home. By going with a specialist broker online you can get the best deal possible when it comes to buying your home insurance. The cost of the insurance can vary greatly as can the actual policies and buying the cover online offers many advantages, one of them being that you are to get an overview of the insurance quotes that are available and are able to get all the information you need regarding the cover. Going with a specialist broker is by far the most sensible way to choose adequate cover and you have the advantage of being able to compare the whole of the insurance market which means that you know without a doubt that you have the best deal possible. Any type of insurance policy has exclusions and terms and conditions and it is essential you understand them before you take out the cover, by going with an online specialist broker you have the best possible chance of finding answers to any questions you might have regarding the cover and access to the key facts of any policy you are considering. Almost all good specialist broker websites will have helpful information relating to home insurance, these come by the way of FAQ pages, hints and tips of what to look for when getting the best deal and articles relating to the cover. With their being many different factors to consider when looking for cover it is essential that you do take the time to read this information, otherwise you could be left without enough cover and not having the deal you thought you had. You should always beware of what seems to be too good to be true insurance, while you can get the cheapest deals for your insurance by going online with the specialist broker rushing into buying cover that is the cheapest could be a huge mistake. The majority of very cheap policies give only the very basic cover and often leave the homeowner under insured, which they do not realize until it comes to making a claim. It is essential when taking out cover that you have taken your time when it comes to estimating how much cover you need for your home, it can be surprising how much the little items add up to and making an inventory of your possessions before reaching a sum you need to insure for is essential. When taking an inventory people do not realize for example to take into account such items as those in the drawers of the kitchen cupboards, kitchen items and utensils can add up, the clothes in your wardrobe all add up too so when making an inventory remember to take your time and do not leave any stone unturned. Once you have determined how much home insurance you need then go online with the specialist broker as they are able to find you the best deals on your cover while at the same time giving you all the advice and information needed to make sure the policy you take is the most suitable. Did you know that according to the Indiana Department of Insurance (IDI), the insurance industry is one of Indiana's largest employers. That being said, that means there are many insurance options for homeowners in Indiana. Because the insurance industry is so large, there must be tough regulation to ensure the protection of the consumer. Here are some facts Indiana homeowners should be aware of when securing homeowners insurance: If your homeowners policy is being cancelled for non payment of premium, the notice of cancellation must be in writing and sent to you at least 10 days before policy cancellation. If your insurance company does not want to renew your policy, IDI requires the notice be sent to you at least 20 days before policy expiration. As a consumer, negotiate with your insurance company to extend the 20 days to 30 or 60 day notice. If your policy is being cancelled for a reason other than non payment, you'll need the extra time to shop around for replacement coverage. If your policy does not cover flood damage, it must be stated prominently on the policy jacket or, you must be given written notice that flood coverage may be available through the National Flood Insurance Program. In certain Indiana counties in southwestern Indiana along the Illinois Coal Basin, the insurance company must inform you of the availability of mine subsidence coverage (coverage for homes built over mines that may collapse or slowly settle) when they issue the policy. IDI also regulates how much an insurance company can charge you for an inadvertent bad check. Their charge may not exceed $20 (this is in addition to the charge issued by the banking institution). Please see our list of references below to find the lowest rate insurance quotes on the web. Along with low rate quotes this is a good source of insurance information. The amount you are asked to pay when you ask for a quote for home insurance is determined by how big a risk the company think you are. In giving you a quote they take into account many things, such as how secure your property is, the area in which you live and the cost of the possessions that they would have to pay to replace if some mishap occurred. However there are ways in which you can help to lower the premium quoted with the biggest being shopping around either yourself or with a broker’s help, for a policy.
When looking for insurance make sure that you get at least four or five quotes from different companies as policies and premiums do vary from company to company. All policies are different and will have exclusions within them, so it is essential that you understand what you are and are not covered for. Where you live will affect the price that you have to pay for your insurance, while you cannot change your address there are some things you can do to help lower the cost of your insurance. Installing more security is one of the best ways you can reduce the premium, insurance companies will list certain brands of alarms for instance which are considered the best and by having these you can cut the cost of your premium. If you are thinking of making any big home improvements such as adding a conservatory then take this into account, the more value that you add onto the property then the higher the premium will be. Also take into account any patio furniture or garden equipment which is kept outside, some policies will include this in their policy while others insist that you take an addition to the policy in order to cover them. If you have items in your home which are of particular value then make a note of these, any items which are classed as antique or say any collections such as records or art, might not be included in your policy unless you have particularly stated these at the out set of the policy. Also check if computer equipment is covered in the policy, if you have more than one home computer then they might need adding to the policy as extras, some policies say that computer equipment such as printers and scanners are classed as commercial or business equipment and as such are not covered by the standard policy. Entering into escrow on a home can be both exciting and stressful. The excitement comes from knowing you are close to moving into the new home. The stress comes from issues that will arise. Budget for Closing Costs – Prepaid Loan Interest and Home Insurance Premiums As part of any closing, you need to go through certain steps to make sure you are both getting what you think you have purchased as well as paying for it. Each of these steps has an associated cost, known as closing costs, and you have to pay them before you can take possession of the home. If you do not, the deal will not close and you will lose the home. When going through escrow, costs associated with closing can accumulate quickly. Here is a closer look. Prepaid loan interest is an ugly little surprise for many first time homebuyers. The lender will often require you to pay the interest that accumulates between the day the loan is funded and the day you are actually scheduled to make your first loan payment. Many people mistakenly believe they have roughly a month before they have to start paying. This is rarely the case, and the sudden requirement to pay a hundreds or thousands of dollars can be a nightmare. If at all possible, you should try to get the lender to fund the loan as close as possible to the actual closing date, even on it. Try to avoid closing the loan on a Monday. The lender will have to fund the loan the previous work week, which means interest will be growing. Homeowners insurance is something you are going to need and most people expect as much when buying a home. If you are not informed, however, you will be surprised at closing when you find out you have to pay the full premium for the first year of the policy. Depending on the value of your purchase, this can add a couple hundred dollars to thousands of dollars onto your closing costs. Again, it is important to budget for this cost when putting funds together prior to purchasing a home. If you are going to purchase a home, you are going to have to pay these two items at closing. Make sure you budget for them to avoid running into cash flow problems. |
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