Can you financially if facing the ruins of you need but do not have insurance against disasters.
the existence of insurance coverage of disasters to mitigate the loss of not only a smart decision, and it is also a condition by lending institutions such as banks and credit union. Insurance companies are the backbone of modern civilization. You will not be able to get a mortgage to buy a house or a car, or in some cases a business loan without insurance.
home insurance:
have houses and insurance coverage are many things that can happen to your home, including the shooting and robbery owners etc. are included both the structure and the contents. Since there are many if not most of the losses will also have no coverage is important to take the time to read your policy and understand what is excluded.
renters insurance:
I am willing to bet you that if you ask people you know who rent if they have renters insurance, and most of them answer this did not do so.
renters insurance is probably "the best buy for the buck" as far as insurance is concerned. To pay an annual sum that's probably less than the salary of weeks and most of the tenants can buy renters insurance and enjoy peace of mind knowing that is covered on the furniture, clothing and other personal belongings.
let me encourage you wholeheartedly to buy some renters insurance, and if you are a homeowner renting part of your home must encourage your tenant to buy renters insurance.
know who your attorney if you can insist on renters insurance as a condition of the lease or rental home or apartment. It is so important.
flood insurance for homeowners:
is the cause offlooding from rising water levels, and should not be confused with the water damage caused by roof leaks or wind-driven rain. Also remember that the president did not have to declare a disaster for you to claim payment from your policy of flooding. Not covered by
floods by policy, your homeowners' and so if you want flood coverage will have to buy an insurance policy against floods.
when you're shopping for a home it's a good idea to do some research in the area you are planning to buy a house to see if it is in a flood zone.
Although you do not have to be in a flood zone to buy flood insurance, the cost will be much higher if you are in the floodplain is called "flood zone risk "(SFHA).
your insurance agent can check the map of the flood to find out if your area is at high risk, medium risk or low-risk area.
the maximum amount of coverage that you can buy your home from $ 250,000 and the contents $ 100,000. this will be different if the two family home. will it be enough to rebuild your home building you if it got washed away in the flood? Keeping this in mind as you shop for your dream home.
flood insurance for tenants:
as renters insurance will provide peace of mind for you and your family, you must be aware that it does not cover floods, will policy your angel floods do not cover your stuff too.
Take my advice and also buy flood insurance, in an inexpensive and will be one of the best you can for your purchased. The maximum you would be able to buy $ 100,000, and will afford you peace of mind knowing that there will be financial help for you if you have a loss ...
hurricane catastrophe insurance:
most insurance companies will not cover you if you all a very big discount in politics homeowners own for the damage the hurricane. This is usually a percentage of the amount of your insurance in your home ranging from 3% to 7%.
Here is an example: Let's assume that your home insured for $ 0,000. For a discount of 5% ($ 10,000), and hurricane damage to your home is $ 50,000. And you will not pay you $ 40,000.
Are you able to come up with a discount of $ 10,000 to repair your home if it was damaged? What if the damage is less than the deductible you have? You will not pay anything by your insurance company. It should be a contingency fund disaster insurance, your amount equal to at least L_khasm but recommended definitely be more than that.
earthquake insurance:
Do you live in an area that is known to earthquakes? If so, then it should include insurance plans against disasters your earthquake insurance. Be aware that your homeowners policy does not cover you for an earthquake.
Many insurance companies offer special "earthquake insurance" Although the coverage is not mandatory unless required by your mortgage holder, can be deducted up to 15% and more in some cases. This is important to know when shopping for a home as you put your house maintenance budget together.
Tornado Insurance:
This is the most devastating of all natural disasters. Could be hurricane tore through the neighborhood, such as chipping leaving only rubble unrecognizable behind. Unfortunately, there is no "Tornado insurance" available. You'll have to rely on homeowners insurance to cover you.
I have spent some time on the floods, hurricanes and earthquakes insurance because they are the most common natural disaster. But this does not mean to ignore the many other natural disasters that can be exposed if you live in these areas.
Speak to your insurance company or agent about the extent of coverage and if there is a mandatory deduction that is applied to a claim if there is damage to your home.
and after spending some time in the insurance agent as well as a real estate agent to warn my clients the importance of adequate insurance. As a real estate agent I remind them as much as I remind you that before you buy "Think about how easy or difficult it will be to sell your home if it was in an area known for a special kind of disaster."
having the proper equipment at hand will also go a long way in the preparation of your
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