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Home Insurance Price Factors

The Condition of the Home

Insurers factor in general wear and tear on your home when setting a premium. They will inspect such things as the condition of the roof, porches, decks, and the integrity of the home's wiring system. Because new homes tend to be in better condition than older homes, some insurers will offer up to a 15 percent discount if your home is new.

The Construction of the Home

Certain types of homes are less expensive to insure because they are more resistant to damage. For example, a brick home is preferred because of its resistance to wind damage.

Safety Factors

Many insurers also offer discounts of approximately 5 percent for safety features such as burglar alarm systems, deadbolts, window locks, smoke detectors, and sprinkler systems. You may also receive a discount if your home is in close proximity to a fire department.

If There is a Smoker in the Home

Because smoking in the home greatly increases the risk of fire, some insurers will offer a discount of about 2-5 percent if no one in the home smoke.

Is the Home in a High Risk Area

Flood and earthquake damage is not covered by standard home insurance policies. Special supplemental catastrophic policies that cover these conditions are available, but can be quite costly. If you are currently covered against these catastrophes through a government plan, however, research coverage through a private insurer. It may actually be lower.

Type and Amount of Home Insurance Coverage Needed

Homeowner's insurance typically covers damage or loss to your home and its contents, but some packages also provide other benefits such as personal liability coverage if someone is injured on your property or theft insurance. Read the fine print. Prices and coverage can vary significantly between packages that appear similar. Make sure you get what you need and use what you get.

Your Desired Deductible

The deductible is the amount that you the policyholder must pay before your insurance company starts paying benefits. The higher your deductible, the lower your home insurance premiums. By raising the deductible, you can save up to 50 percent of the cost of your homeowner's insurance.

Loyalty to Your Company

Insurers will often reduce their rates if you buy more than one type of coverage such as auto and homeowner's from them or if you stay with them over a period of time.

Is There a Retiree Living in the Home?

If you are over the age of 55 and retired, check with your insurer to see if you qualify for a discount. Most insurance companies offer these discounts because retired people are home more and can spot fires sooner than working people and have more time for maintaining their homes. Some insurance companies will offer discounts of up to 10 percent to seniors who qualify. …

Do You Own A Home? Five Questions About Home Warranty Services

If you are a homeowner, you may need home warranty services. Various home warranty companies provide service contracts that can help you pay for appliance repair or replacement. There are many things you should know before you sign your agreement:

What Do Home Warranty Services Protect?

Most standard policies cover repair costs of your HVAC system, plumbing, electrical wiring, garage doors, kitchen appliances, water heaters, and other major components of your home. If you have an in-ground swimming pool or sauna, you can purchase add-on coverage for the maintenance of these items. You can also buy additional coverage for a well pump or duplicate appliances.

What Is Not Covered?

Typically, pre-existing conditions are not protected by home warranty services. Neither items are still under a manufacturer's guarantee, repairs due to homeowner negligence, or problems caused by mold. In addition, repairs resulting from natural causes, such as storm damage, are not covered through this type of warranty. In general, these warranties are not meant to serve as additional homeowners insurance. Instead, they serve as a way to help with general wear and tear on your home, within the scope of the policy.

What Is A "Pre-Existing Condition?"

When the home is inspected before the purchase of the agreement, certain items will be checked to determine if they are in proper working order. The inspector will work with the home warranty services provider to decide what issues are pre-existing in your home. This could include a dishwasher that is not in working order or a plumbing system that has yet to be repaired.

What If Appliances Are Older?

In general, as long as appliances are in good working order, there is no age restriction for protection. It is the responsibility of the homeowner to take care and properly maintain appliances during the period of coverage.

How Is A Claim Filled?

This will depend on your individual provider, but you can typically call the toll-free number located in your service paperwork to file a claim. You should be assigned an account or agreement number that you will need to provide to the service company. Make sure you contact your provider before you begin work on your home to make sure that it is reimbursable. There may be times when your provider will want to discuss repair options with your contractor before the work begins.

As a homeowner, it is a good idea to look into companies that provide home warranty services. Warranties can be a great comfort to many homeowners. However, it is important to know what is and what is not handled in your agreement. It is important that you do all you can to maintain your home in order to get the most from your agreement. …

Factors That Affect the Cost of Travel Insurance

Travel insurance policies come in different types of packages, with all manner of options and choices. It is designed this way for a reason, of course. You would not want to pay for cover that you are unlikely to need, or skimp on cover you should have.

A basic policy may be adequate, or you may find you’ll be more comfortable paying a bit more to obtain higher levels of cover, as needed. It often depends on where you plan to travel. Let’s say you plan to travel to a destination such as Madagascar, which has limited medical facilities. In the case of a serious medical emergency you may have to be transferred by air ambulance to another country for treatment. Therefore, you would be wise to pick a policy that offers the maximum cover for medical emergencies. It should also include cover for air ambulance and medical repatriation. If you check you may find that a very cheap policy does not include this cover.

You will need to decide whether to opt for a Single Trip or Annual Multi-trip policy. If there is any possibility that you may take more than one trip in a year the Annual policy is normally the best value for money. On many policies children are included free – which is a major saving for family holidays.

Travel insurance premiums normally increase depending on where in the world you are travelling. For example, the cost of travel insurance for a British citizen travelling to Europe would be less than if they were flying long-haul to a destination such as North America or Australia.

Most travel insurance companies offer different levels of cover so that you can choose. Paying a bit more for the next level should affect the amount the insurer will pay on a claim, or increase the amount of items covered. Pay attention to the amount of Excess (Deductible) included as it may be much higher on a cheap policy. (This is the amount you have to pay towards a claim). To keep the premium very low it is often the case that levels of cover have been cut or the amount of Excess increased.

When it comes to pre-existing medical conditions the cost may increase dramatically for serious pre-existing conditions, or the insurer may not offer cover at all. Most often though the average company will agree to cover a specific condition for an extra premium, or with the understanding that any claims related to the condition are excluded. This can be a bitter pill to swallow for those that are affected.

Unfortunately, it is a fact that travel insurance for seniors is usually more expensive because of the assumed increased risk of a medical problem arising – despite the fact that our seniors are probably healthier these days than they have ever been!

Winter sports (skiing/snowboarding) insurance can be added to a typical travel insurance policy for an additional fee. Other add-ons may include cover for activities such as:

  • Business

Auto Insurance – There For Your Own Good

Driving without the minimum auto insurance coverage required by law in your state is an indemnity. So, you have to get it even if you do not like the idea. That's the law. But, is not there more to this fulfilling the requirements of the law? I'll talk about this here and also show you how to save much on your auto insurance …

The minimum is okay if you can live with the consequences. I know you're a very careful driver. You've taken courses in defensive driving and do know how to respond effectively. Good for you, but be careful. A single lawsuit could easily wipe out your live savings and mortgage your earnings for the rest of your life. Then it would be penny wise; pound foolish. If you're luckier, it could just be the loss of your car (That's really for the very lucky ones). But for those who are exceptionally lucky, they get away with it. They drive with the barest minimum coverage and nothing ever goes wrong. That's what everyone prays for. But just imagine for a moment that the worse case scenario happens to someone who took that position.

Others learn from them. They become examples to others in a very bad way. The necessity of getting the best coverage then becomes glaring to all you witnessed their misfortune. Folks who witnessed the devastation quickly adjusted their auto insurance plans for better coverage. If you still remain unconvinced that a wider coverage is a wise move, do a little in-depth thinking.

Insurance as a whole is offered in the hope that it will never be needed. It's one thing you buy with the prayer that you never have to use it. Even insurance companies thrive on the fact that the majority of insureds will never make a claim. But whether one in a thousand or million, claims are made. The question that makes this wise step for the insured is: "Who would be that one to make the claim." If you are the one, you've actually earned. But if you never make a claim, you paid a little price for some peace of mind.

At the root of this argument is the cost of additional coverage. But what if you could get much more for the same amount? How's that possible? It is obtaining and comparing quotes. Just visit at least three quotes (preferably those owned by insurance brokers), obtain and compare quotes for better coverage. Someone saved $ 2,200 on his policy. Such a person could easily get additional coverage and still have a good amount left. Although you may not get such savings, a few hundred dollars would go a long way, do not you think? …

Home Owners Insurance and Trees – You Love Them Your Insurance Company Hates Them

Coverage for damage caused by trees and for the trees themselves is one of many confusing areas of a Homeowners insurance policy.

Your neighbors’ tree falls and damages your garage, shed and fence.

Will insurance pay for the damage?

Whose insurance should pay?

What will they pay for?

A tree falls in your yard.

Will your insurance policy pay for it to be removed?

Will it pay for a new tree?

A tree limb breaks from wind or a lightning storm and is dangling over your house.

Will your insurance policy pay for it to be removed?

What if it’s hanging over a neighbor’s house?

A tree falls on your car.

What policy will cover the damage to my car?

Is there coverage for the tree removal?

First, the basics; it does not matter whose tree it was. If there is damage to your property (from anyone’s tree) your insurance policy is the one to respond. If there is damage from your tree to a neighbor’s property, their insurance policy is involved. If there is damage to both properties (from anyone’s tree) both policies will be involved and each will deal with its own property only.

The only time a Homeowners insurance policy should be involved with damage to someone else’s property is if there is liability involved. That is if the tree was rotten or leaning and should have been removed or trimmed prior to the damage occurring. Even then the damaged properties insurance policy will generally pay for their customer’s damage and then try to recover their money from the tree owners’ insurance company.

Second, the important consideration for coverage is; what is physically damaged. If a tree, or portion of a tree, falls and does not damage any real property there is no coverage. Real property is any building, structure or contents item it does not include land, landscaping or plants of any kind. A fence, shed, patio, driveway, swing set or bicycle would count as real property.

If a tree falls into your yard and does not cause any damage to the home or any other real property then there is no coverage to remove the tree or for any cleanup. Sorry!

If there is damage to anything such as a fence then the policy should cover repairs or replacement of the damaged item(s) and also limited coverage for removal of the tree. To make this even more confusing; the tree removal coverage is divided in 2 phases.

Phase 1: Getting the tree removed off of the real property is covered with no sub-limit. That is if a tree is on a storage shed then the first stage of tree removal is to remove it off the shed so repairs can be made. The only limit for this part of the removal is the coverage limit on this section of your policy; in this case the Other Structures coverage.

If the repairs to the shed and the tree removal combined are greater than the

Preparation for Marriage – An Insurance Policy For Your Life Together

So you think you have met your knight in shining armour or your fairy princess and you are thinking about taking the relationship to the next step. Maybe this is in contemplating living together or maybe even to become married.

A question I was asked recently had to do with understanding what are the essentials for marriage and the first step required when planning to get married.

Here are my thoughts on this topic.

Often when people think about marrying them primarily think about the wedding day and how they can make this the most perfect day of their life, as it describes to be. Sometimes in focusing on the day however they lose sight of what's most important and that is what happens after the wedding day, regarding their future happiness and well-being, for the years to come.

Thankfully given the increasing divorce rate couples are becoming more and more aware of the importance of not only preparing for their wedding day but also of preparing for their married life. And thankfully now more than ever couples are turning to qualified professionals to help them prepare for what happens after the wedding vows have been made and they have danced the bridal waltz.

Love Will Conquer All

Most important among these lessons is shattering the belief that "love will conquer all" . It simply is not enough.

An Insurance Policy

As a Couples Counselor and Family Law Mediator I see on a daily basis the unfair that separation and divorce causes to couples and their families. But rather than having this scare you off listen to the stories that these people have to teach and learn the lessons well.

The single most critical thing that will prepare you for marriage and make your relationship last long term is the knowledge you have of yourself and the comfort you have with that knowledge closely followed by the knowledge you have of your partner and the comfort you have with that .

The simplest way to get this is to always be curious about who your partner is and, before pushing to have yourself heard, hear them. If you both can do this in love and good will and with respect and you will find a way through every challenge ever presented to you.

And if it's too difficult to manage this task on your own then seek help from someone qualified to help you do this and do this before it blows out.

People often think that counselors are there only for when we are in crisis. They're not. The principle roll of a Counselor is to teach you the skills that everyone needs to prepare them for and teach them what they need to manage their relationships.

These skills include how you communicate with each other, how you manage your conflict and how you manage the differences in your characters and ways of being.

You see every one of us comes from a different cultural background. That is our …

Renters – How to Protect Your Personal Property

Many renters do not feel they have a lot of personal property, so question the necessity of protecting these assets. However, whenever you live in a large rental house or small studio apartment, you most likely have more than you realize. This means it's best to have renters insurance and also an inventory of your debts to back up any insurance claim.

After a disaster, renters without insurance are often shocked that the landlord does not have each individual's contents covered. This is entirely on the person renting, as they are the ones who own these belongings. Thus, there is a need to purchase personal property (contents or asset) insurance.

Renters Insurance
Renters are just as prone as homeowners when it comes to facing a disaster. Therefore, it is in the renters' best interest to protect their assets.

Before you feel you do not have much to insure, think of all the electronics you own, such as laptops, tablets, audio players, DVD players, televisions, stereo equipment, surround sound, etc. This one category of alliances can total thousands of dollars very easily. Now figure in jewelry, collectibles, decorative items, fine china, DVDs, CDs, clothing, linens, small appliances … the list goes on! Furniture often seems to not be worth much after you've owned it for a few years, but the money it would take to replace it will certainly place a huge amount on your credit card if you do not have the funds to pay cash for it. Therefore, anything you can not afford to purchase with cash is worth protecting.

So what can you do to protect your assets? Prepare for a disaster by having renters insurance and an inventory of your marriages.

Renters insurance is reasonably priced. If you have to replace all of your contents, or just a few items, you'll realize the value immediately when the dollars start to add up! Your insurance agent will be able to determine the amount of insurance you need when you state how much your contents are worth.

How do you know the value of your contents?
Complete an inventory of all the items you own – or hire a professional service to do it for you.

An inventory is the most valuable document to support your insurance claim. It provides proof of your marriages, and the details required to file a thorough claim. You'll be able to provide that information quickly. Your recovery will be expedited as a result of having the information already documented, compared to those who will spend hours and hours doing their best to complete the claim form, all the while knowing they forgot items.

Having a renters insurance policy and an inventory will not prevent a loss, but they will help you protect your assets. Having the proper insurance, being fully covered, and then being able to prove it will make your claims process smoother and with much less stress. …

Car Insurance Savings Tip 1

There are many tips you can pick here and there on reducing what you pay in your car insurance. Some will result in savings of a few dollars; others could save you a few hundred dollars. In this article, I'll dwell on one that could save you a few hundred dollars depending on how you apply it …

Your premium is determined by a lot of factors. Among these factors is how much you pay as a deductible. I like ensuring everyone understands every term used in my articles due to differences in terms across locations. So, let's define the term "deductible."

When you file a claim, the insurance company expects you to contribute or pay a certain amount before they'll pay out the agreed compensation. This amount is called your deductible. If you agree to pay a high deductible, you'll get a lower premium. If for example, you increase your deductible from $ 400 to $ 1000; your premium might be lowered by as much 30{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc}. Depending on your circumstance, this could mean savings of a hundred dollars or much more.

You must take some time to think this through before making a decision. If what you'll get as savings justifies the one time deductible (However high it is), then you're better off going for it. However, if you think otherwise then you have to go with what's best for you.

After doing all this, you must take your time to understand the fundamental process for realizing huge savings in car insurance and certain facts that you must not ignore about car insurance quotes and comparison sites. …

Why Do We Gamble?

Let's start with a definition. What is gambling? Gambling is betting on something that may or may not happen in the future. When we gamble, we take a risk, choose an uncertain outcome, and bet on it. Gamblers bet on casino games, horse racing, and sports where the result can not be predicted with certainty. Some people will bet on anything. Remember the Seinfeld episode where Kramer bet on the arrival and departure times of airplanes at a New York City airport?

How is gambling different from buying stocks and bonds? Stocks and bonds are considered investments and not gambles because we can reasonably expect to come out ahead in the long run. They may be risky but not in the same sense as gambling.

How is gambling different from buying insurance? When we buy insurance, we are betting on something that may or may not happen in the future. We do not want to take the risk that it will happen, so we pay someone else (the insurance company) to take the risk for us. When we buy homeowner's insurance, for example, we are betting our house will burn down and the insurance company is betting it will not. (Of course we hope we will not win this bet.) This is not gambling because the risk can be calculated. The insurance company uses all kinds of statistics to analyze the probability of our house burning down and fixes the premium we will pay accordingly.

People have gambled since ancient times. However, society never approved of it because it was labeled an attempt to get money without working for it. Society believed that hard work should pave the way to financial success. It was not until the late 1960s that states (except for Nevada which had legalized all forms of gambling earlier) started to run lotteries to raise money for goodwill causes.

So why do we gamble even though we are illegally to win in the long run? We gamble for the exclusion of the uncertain exit. Some gamble to try to make their financial dreams come true. Some people gamble for entertainment or enjoyment, such as a night out with friends at the casino or a bingo game for a charitable organization or a lottery ticket. Some think they can beat the odds and make a living out of gambling. There are people who gamble because they simply love the challenge. They look at gambling as a game of skill or problem solving and they are sure they can win. Some like the environment or the thrill of a possible big win, or the adrenaline rush of taking a chance. Casinos allow us to socialize and pass some time. There are no clocks in a casino; We lose track of time; We forget all our troubles. It's like a therapy session! If we are timid, we can go to a casino and boldly take chances.

Occasional gambling may be a relaxing form of entertainment but be careful not to …

How To Know If It Is Time For Divorce

Divorce. In the minds of many, this word conjures up images of a husband and wife who are constantly at each other's throats, as well as labeling each as a failure and a loser. They do not want to get a divorce but even the most casual observer would look at their lives and wonder why the obvious action of divorce has not been taken, since it seems like only a matter of time before it does or at least should.

Most people present an absolutely different picture of their marriage and level of happiness to the outside than the one that is real. The reasons behind these are made clear based on many studies that have been conducted. Divorce is not a viable option because that would mean that one or the other (or both) are inflexible, incapable of working out differences, a failure, a bad decision maker, and a host of similar self-degenerative thoughts.

Those thoughts are counter-productive, however, and you really need to look at your marriage and determine if it is something you still want. When you were standing at the altar all starry-eyed so many years ago, it looked like the thought of divorce could never be uttered from your lips, but things have changed. Both of you have changed, and if you have changed in different directions and now have different goals, or if the number of things you have in common is now limited to one thing like the weather, then sometimes it is time to look out for # 1, since absolutely, you are the only one who is really responsible for your own happiness.

But it is a tough decision. Perhaps you feel like you need to put up with it because you need the income that your spouse's job provides, or you need the health care insurance their job provides. Is that an excuse, or have you really investigated the alternatives? Are you capable of working or providing your own health care, if you had to? And if you had to, yes your life would be more hectic, but at the end of the day, would you be happier than you are right now?

These are all tough questions but you need to ask yourself these questions and be honest with yourself in your answers. The root cause can frequently be traced back to a lack of communications between husband and wife. You do not listen to what he says, and he does not listen to what you tell him. Could things change? Of course they could, but not until both spouses are fully aware of the problem, are willing to admit consciously that a problem exists, and outline and FOLLOW a plan to get things back on track.

A marriage counselor or a pastor is a great resource who can act as an objective outside observer and offer suggestions. It will probably mean that both of you will have to change some things about your behavior or lifestyle, sometimes …