What kind of home insurance should I get?

Click stars to vote (left is low, right is high)

(No Ratings Yet)

 Loading ...

[?]
 Print This

A standard policy will do in most instances. It protects against several natural disasters and catastrophic events. However, it will not guard against earthquakes, floods, war, and nuclear accidents. The policy can be expanded to include these disasters as well as coverage for such things as workers’ compensation. In fact, the lender may require that you purchase flood or earthquake insurance if the house is in a flood zone or a region susceptible to earthquakes.

You also can increase coverage beyond the depreciated value of personal property such as televisions and furniture by purchasing a replacement-cost endorsement. Home-based business-coverage, once overlooked, is an ever-increasing popular rider. It does not cover liability associated with the business but rather contents such as home office equipment and general liability to cover injuries to clients and employees.

Other considerations: an inflation rider, which increases coverage as the home’s value rises, and getting insurance that is equal to the full replacement value of the home. Insurance companies usually require an amount equal to at least 80 percent of the full replacement value. Otherwise, only a portion of the loss would be covered.

Discussion Forum

Topic	Posts	Last Poster
financing for real estate and mortgages at 5-10% rates	1	thrifty
5-10% financing for real estate and mortgages	1	thrifty
Where did all of the PMI go?	5	scherner
Do you have the best price today? Post FREE on PROPERTYFIRESALE.COM!	4	Greatinfo
U have best price? POST FREE - PROPERTYFIRESALE.COM (no registration needed)	1	Greatinfo
Advertise Your Condo Listings Today!!! FOR FREE	1	mycondospot
Interesting Real Estate Blog...	6	progressive37
First time owner……..need some good tenant advice.	5	progressive37
Looking to know more about real estate investing.	5	progressive37
T-I-Cs start with T, and that stands for Trouble.	1	PeterWunsch

Plight of New-Home Marketing Companies: Struggling to Survive?

By George W. Mantor
RISMEDIA, November 21, 2008-Lost among the bank failures and resale downsizing has been the plight of new home sales and marketing companies. Once the high-flying benefactors of an explosion of new home sales, they now find themselves wondering where future closings will come from.
While there is excessive new home inventory at the moment, builders […]