July 5th, 2009 
admin 
Home insurance; do you know when you’ll need it? Probably not. Unless you plan on getting involved in an insurance scam (which is not recommended), chances are you won’t know exactly when you will need home insurance until after the event has occurred. That’s because home insurance protects you against unforeseen events. But what are these unforeseen events that cause us to need home insurance? The fact of the matter is there are a number of different insurable events that come into play with your home insurance.
Below are a few events where having home insurance is a very positive thing. They are events that you can’t always plan for and when they occur, can throw you and your home into disorder.
Fire
Fire can destroy your home right before your eyes. All it takes is a spark from a faulty appliance or the lights on the Christmas tree to malfunction and before you know it, you’re home’s going up in flames, along with your personal belongings. Even if you’re very safe about ensuring the integrity of your electrical appliances and are diligent about turning off the oven, the bbq grill, and the coffee pot, fire can still strike. A stray firecracker or lit cigarette butt can land in your yard, ignite dry brush, and start a small fire that can quickly get out of control. In fact, many fires happen when residents aren’t even home; and when they come home, their home is destroyed.
If you have a homeowner’s insurance policy that covers fire damage, you’re protecting yourself when an unexpected fire breaks out.
Flood
Even if you don’t live near a body of water or in a flood zone, flood damage can affect your home. If a water main busts or the dishwasher malfunctions, you could end up with a house full of water and serious flood damage. Home insurance protects you when water takes over of your home and runs amok on your carpets, walls, and ceilings. If a main water line breaks when you’re not home, and it’s left to flood the house for hours, the damage can be significant. And if you live in an attached condo complex, the damage can seep over into the neighbor’s home. Having a home insurance policy that covers flooding will protect you, and your attached neighbors, against unexpected flood damage as a result of a broken water line, a malfunctioning dishwasher, or even a popped waterbed.
Earthquake
We all wish we could predict earthquakes. It would allow us time to secure items in our home that could be damaged when the shaking starts. But currently, earthquakes come unannounced. And when they do arrive, they often damage our homes and property. Even if the home is still standing after a significant quake, the structural damage to the home could be so great that it is red tagged and deemed uninhabitable. Having a home insurance policy that covers earthquake damage will save you the agony of being left with nothing after an earthquake.
Homeowners insurance is a must for all homeowners. Regardless of where you live and the types of natural disasters your area is prone to, you need to protect yourself from every angle and against any unforeseen events that could happen in the blink of an eye.
For more articles on Home Insurance visit: http://www.bills.com/reasons-home-insurance-article/
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You used the words paid, pay, money, spend, and they are all correct. It is all about the money, yours specifically, and how much of it the insurance industry can get (steal).
You may have the HO-5 policy which is a good policy if you live in an area where the temperature drops way below freezing. It covers things like frozen pipes and damage from weight of snow or ice. The basic policy, HO-1, is for people who live in warmer climates. It's the best value in a policy if minimum premiums are your goal. So get out your homeowner's policy so that you can check coverages and make any possible changes.
Also, see what your deductible is. You can save money by raising your deductible to $500 or $1000. But be sure you check with your morgage company for the minimum required coverages.
Check to see if you have replacement value coverage, not market value coverage. Replacement value coverage will pay whatever it cost to replace your home. Make sure your fire insurance is also replacement value coverage. You can also ask for an appreciation clause in your policy that will automatically raise your coverage limits each year for inflation.
And, check your policy for gimmick insurance that may be attached to your policy. Examples are:
Credit Life Insurance
Credit Disability Insurance
Morgage Life Insurance
Automobile Service Contracts
Extended Waranties on Appliances and Electronics
Chargegard
And finally, check all options to your homeowners's policy. None of these are a good value.
1)Removal of debris
2)Damaged-property removal
3)Fire department surcharges
4)Temporary repairs to prevent further damage to property
5)Trees, shrubs, and plants – since windstorms are excluded, this insurance is of little value
6)Stolen credit cards
Try this site
http://best-home-insurance-comparator-usa.blogspot.com/
"Homeowners insurance" covers the owners dwelling [house/garage] and contents [owners personal property on the premises]. "Owner" [landlord if he is the owner] takes out this policy and is responsible for the premiums. If building is leased or rented out, it does NOT cover tenants personal property, such as furniture, electronics, etc, or even tools borrowed from a neighbor.
"Renters insurance" covers the tenants personal property only. They take out this policy and pay the premiums.
Home owners policies cover every circumstance EXCEPT what is listed in writing, or "exemptions". These are normally: floods [obtain this through FEMA], home businesses losses [such as a fire in a residential garage being used as auto repair business], or anything else that is listed in writing. If your house up in Alaska gets stampeded by purple elephants, and it is NOT listed as an exclusion, it WILL be covered.
You need to change or they will not pay if you have a claim. Holes are not covered, neither is most tenant damage. But, you still need fire damage, weather, etc etc.
Also, if you are going to allow animals check your policy, they are not likely to cover your property if you allow any dangerous animals.
Try this site
http://best-home-insurance-comparator-usa.blogspot.com/
Here you can get quotes from different home insurance companies in your area, its the best way to find an affordable home insurance with a reliable company.
Why not just go to an online site that will give you bids from multiple agencies. It's quick and you're not at any risk, and it will give you a ballpark figure to work with and decide what is right for you.
http://insurance.deal4-you.com
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http://best-home-insurance-comparator-usa.blogspot.com/
Here you can get quotes from different home insurance companies in your area, its the best way to find an affordable home insurance with a reliable company.
Insurance companies are wary of lapses in any kind of insurance policies. In your case it just happened to be home insurance.
The single most feared factor in the insurance business is not hurricanes, not bush-fires, not wars, not meteor strikes but what's known as 'moral hazard'. Moral hazard is, in simple terms, lack of inhibition in preferring a claim under less than above-the-board circumstances.
For example, if your camera is insured for home use only, you cannot make a claim if the insured camera suffers damage during a jungle safari. Most of us, being honest persons, would not even want to claim under such circs. However, since, as a rule it takes all kinds to make this world, there exist individuals who would make a claim as if the damage occurred at home. Such individuals are considered to be 'moral hazards'.
Coming back to your original question, insurance companies know from empirical evidence that the incidence of moral hazard is greater – much greater – in those cases where there's a break iin coverage. It's likely that the insured is trying to renew the policy after a loss has occurred.
You need to provide evidence to the insurance company that you did not intend to let the policy lapse. That it lapsed, is a fortuitous happenning (please note the wording – underwriters love such language) and not a deliberate omission. 'I do not want to be penalised for something over which I had no control' is the line you need to take. You could strike lucky with this line.
Try this site to find the best home insurance company that suits your need
http://best-home-insurance-comparator-usa.blogspot.com/
Here you can get quotes from different home insurance companies in your area, its the best way to find an affordable home insurance with a reliable company.
True, but it depends on the exact type of business.
I'd think, with no foot traffic, and no business property exposure except a laptop, and no manufacturing going on, most homeowners carriers won't have a problem – If you carry business liability insurance.
Even if you don't want to carry insurance for the business, you'll still likely be able to find an insurer willing to cover the homeowners part (none will cover the business part), you'll just have to look a little harder. Use an independent agent, and they'll be able to take care of you.
I think you should go to the local building department (city or county) and apply for as built permits for these unpermitted structures. Although costly, it's better than Code Enforcement coming by, realizing that those additions/properties are unpermitted and going to court, seeking an injunction to have you (1) obtain as-built permits or (2) having them torn down.
It is more expensive to have Code Enforcement come in and seek relief from the courts (assuming you don't comply and apply for as built permits) because you may have to pay their attorneys' fees when they win.
I believe you apply for as built permits from the Building Department in the city. Make sure you're in the incorporated portion of the city, otherwise you'll have to go to the County Building Department.
Also, if the bank didn't know that these additions were unpermitted, you wouldn't have an recourse. Most foreclosures are sold as is and requires buyer's diligence. A title insurance policy may or may not disclose unpermitted additions (depends on the wording of the policy). As I recall, a title insurance policy only guarantees that you have marketable title to the property.
whoever owns the house
duh
Check out this site, if you want to find the cheapest home insurance just in one minute,
http://best-cheap-home-insurance-usa.blogspot.com/
Here you can get free quotes from different home insurance companies in your area, its the best way to find an afforable home insurance with a reliable company.
Best Wishes,