Thursday, December 7, 2006
I’m a huge fan of the Motley Fool, the folks there write in such simple and plain language that anyone can understand some of the most complex personal finance topics as long as one of those guys (and gals) is explaining it. This time, TMF Mile High (Tim Beyers) gives a little advice about a [...]
Thursday, November 23, 2006
Gerri Willis’ mid-September Five Tips columns revolved around five tips for sorting out your home insurance claim and for anyone who has never gone through this, it’s important for you to understand these tips before you need to - here is the third tip.
Tip #3: Sort and document
Documentation is the cornerstone to any financial dealing [...]
Wednesday, November 15, 2006
Gerri Willis’ mid-September Five Tips columns revolved around five tips for sorting out your home insurance claim and for anyone who has never gone through this, it’s important for you to understand these tips before you need to - here is the second tip.
Tip #2: Assess wind versus water damage
As you may remember in the [...]
Tuesday, November 14, 2006
Gerri Willis’ mid-September Five Tips columns revolved around five tips for sorting out your home insurance claim and for anyone who has never gone through this, it’s important for you to understand these tips before you need to - here is the first tip.
Tip #1: Understand the basics
This is something that you have to do [...]
Tuesday, November 7, 2006
I, like the author, thought that California or Florida would be tops on the list of most expensive states to purchase home insurance, but we were both wrong - Texas is the highest at an average premium of $1,238 according to the National Association of Insurance Commissioners (NAIC). Second and third on the list [...]
Saturday, November 4, 2006
Unfortunately, sometimes an event will occur that your homeowner’s or renter’s insurance won’t cover (say flood damage if you don’t have separate flood insurance or a jewelry theft without the necessary jewelry riders) and in those cases there may be a way for you to recover part of the financial impact. If there was a [...]
MarketWatch published an article earlier this week about the various exceptions in a homeowner insurance policy that I believe is worth taking a look at. The crux of the article is that you must understand your homeowner’s insurance policy before an unfortunate event and that you need to be aware that it’s not all-encompassing.
For [...]
Wednesday, October 18, 2006
If you’ve been reading some of my recent posts you’ll recognize a common plight of homeowners (and renters) after a disaster, your insurance policy doesn’t cover everything. In fact, after I posted my own homeowner’s policy someone mentioned that perhaps I had a shortfall (I didn’t, a line item increased my coverage by 50% so [...]
Saturday, October 7, 2006
Typical home insurance policies don’t cover your home and its possessions from earthquakes and floods, for that you will need to get special riders to help protect yourself from damage as a result of flooding or earthquakes. Now, some places aren’t subjected to many (or any) earthquakes but the coverage is relatively inexpensive - as [...]
Thursday, September 28, 2006
You’ve been house hunting for months and you’ve finally found the perfect house. It’s a gorgeous four bedroom, three and a half bath colonial in a quaint neighborhood, and it’s the perfect price. You buy it and then you find out that it would cost you a ton of money to get homeowner’s insurance on [...]