Posts Tagged with "Insurance"

Homeowners insurance Policy Options Part (2)

Tuesday, December 4, 2012

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For example, if you have a fire and your home’s electrical system is an older sixty amp fuse system, you’ll end up picking up the cost to upgrade the electric service and all the other upgrades needed to bring the home into compliance with current codes. That can put you into a catch-22 situation. The [...]

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Homeowners insurance Policy Options

Saturday, December 31, 2011

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Homeowners insurance evolved in the late 1950s, when the insurance industry needed a single comprehensive policy to cover not only the house but also the contents and liability. The result is a standard policy that has two parts: property coverage and personal liability.

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Paying Your Homeowners Insurance on Your Own

Tuesday, December 27, 2011

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Although most conventional loans with a 20 percent or more down payment allow you to pay homeowners insurance and taxes on your own, some lenders give you the option of paying them monthly as part of your loan payment (see above). This means less paperwork for you and you don’t have to write big checks [...]

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Making Insurance Payments Through Your Mortgage Escrow Part (2)

Friday, December 23, 2011

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You’ll see a line worded something similar to ‘‘Hazard insurance premium to ABC Insurance.’’ If you follow this line across the page to the first column, you’ll see the first year’s insurance premium. It can be anywhere from hundreds of dollars to thousands, depending on how expensive insurance coverage is in your area.

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Making Insurance Payments Through Your Mortgage Escrow

Monday, December 19, 2011

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A homeowners policy can protect you from the double whammy of having your home damaged or destroyed while having a mortgage to pay off. Your lender, of course, is aware of this, and that’s why many of them require you to pay into an escrow account so that, when the policy comes due, the bill [...]

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The Basics of Homeowners Insurance

Sunday, December 11, 2011

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A homeowners policy protects the homeowner if the home is damaged or destroyed in a variety of ways, as stated in the policy. A buyer is required to have homeowners insurance while there is a mortgage balance to be paid off. If you have a single-family home, your mortgage lender requires you to have an [...]

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