What are the Insurance Related Closing Costs when Buying a House?

When buying a house you need to consider all of the expenses that go along with the closing. In addition to the realtor’s commission, there will be insurance related closing costs. Not only will there be an expense for title insurance and possibly private mortgage insurance, you will need to find a homeowners insurance policy to protect your new property from damage.

Before you buy a home, if you are borrowing money from a lender, you will need to have homeowners insurance in place. This type of policy will protect your property from theft, fire, flood and other disasters. You will also need to determine how much coverage you need for your situation. If you have a garage or a pool, you will want to make sure your house insurance reflects this. If you are installing high end upgrades into the home, such as hardwood floors, stainless steel appliances and flat screen televisions, your policy will need to take this into consideration also. When buying a home, you are not only insuring the personal property inside the house, you are also insuring the building and considering how much it would cost to replace or rebuild the home in the event of a disaster.

There are several types of insurance related closing costs when buying a house. You will want to compare quotes online for the best rates for the coverage you need and make sure the insurance is in place before you close on the home. The last thing you want is for such a large investment to be destroyed and have no way to recoup your loses. Although you do not expect disasters to happen, they can occur without warning. Check out the rates with several companies for affordable house insurance before making a final decision.

The Consequences of Not Having Texas Car Insurance

Texas Car Insurance for RescueAll states have their own set of car insurance rules. In Texas, all car owners must meet minimum liability requirements on any vehicle they drive. The minimum requirements are $30,000/$60,000/$25,000. If you do not have proof of insurance, or do not carry insurance on your vehicle, you will face tough consequences if you are stopped by a police officer.

  • The first offense for being caught without car insurance will result in a fine of at least $175 and as much as $350, in addition to any court fees.
  • Subsequent offenses will result in fines of as little as $350 and as much as $1,000, in addition to court fees, impoundment of the vehicle at your own expense, and the suspension of your driver’s license for as long as two years.
  • Once convicted, you will face a yearly surcharge of $250 for three years to maintain your Texas driver’s license.
  • Last but not least, when you finally do purchase Texas auto insurance, it is safe to assume that your car insurance premiums will be much higher than they would have been had you simply purchased insurance in the first place.

Don’t drive on the road without Texas auto insurance. Keep in mind, the state of Texas has an insurance verification system called TexasSure, so a police officer can easily know if you have insurance.

What You Need to Know Before You Buy Auto Insurance for Your Sports Car

 Your Auto Insurance policy to Shield Sports CarSo you’ve finally bought that sweet sports car you’ve been saving up for, and now you need to buy auto insurance so you can actually drive it. However, there are a few things you should know before you buy auto insurance for your new vehicle so you’re not taken by surprise when you’re faced with high insurance rates. In most cases, insurance rates for sports cars are much higher than those for other types of vehicles for the following three reasons:

  • Sports cars are generally more expensive than other cars, which means that they need to be insured for a higher replacement value than regular vehicles.
  • In addition to high replacement costs, sports cars can be costly to repair, due to the difficulty of finding replacement parts and skilled technicians.
  • Insurance companies consider the typical sports car driver to be less responsible on the road than drivers of conventional cars.

Besides the higher costs of the sports car itself, insurance companies will look at your personal information. In nearly every state, insurance carriers look at your credit score to determine how dependable you are financially. The higher your credit score, the lower your insurance rates. Additionally, your age and marital status are important factors in deciding how responsible you are, and of course, your driving record plays a very important role. And though you can’t really do much to change your age and marital status, you can go to traffic school to get a certificate that proves you’re a responsible driver. Think about it: a couple of hours taking a driving course can save you hundreds of dollars!

Save Time Shopping for Car Insurance

Save Time with AgentInsureSearching for auto insurance can be very time consuming and frustrating. Because of the frustration, people often settle and go with the first company they call because it takes so long.

When you are trying to compare insurance quotes you might find only a few companies in your local yellow pages. This doesn’t mean you are limited to only these companies. It only means that these are the only companies paying to advertise in your yellow pages.

If it were 10 years ago, the yellow pages might have been your one-stop source for finding insurance. Times have changed, and the Internet is an infinitely larger phone book than the one sitting next to your phone. The solution: AgentInsure is your one source that can give you rates from multiple carriers. Unbiased rates. No strings.

Comparing quotes is essential in finding the best price for a policy. Because it is the law that you carry auto insurance, you want the best price. Even if you rarely leave your home and have a perfect driving record you still must have policy. When you compare the different coverage options through different companies online you can verify you are getting the lowest rate available to you.

Calling insurance companies for quotes can be extremely frustrating and you almost need to set aside several hours of your time. You might be required to wait on hold for long periods of time in order to be transferred to the right department and you must give your information over and over to each company you call. When you go online with AgentInsure to obtain quotes for your car you will find that you save a lot of time. This is because you can have quotes from handfuls of companies within minutes. In addition, you will only be required to type in your information one time to get quotes from many different companies.

When you get auto insurance quotes from AgentInsure, the time saving factor is a big benefit. Don’t spend hours on the phone with different companies and don’t limit yourself to only one carrier. When you shop through AgentInsure you will have access to different carriers that can provide coverage to you and you will save hours of time. In addition, you can get the best price possible for your auto coverage. Looking online could save you hundreds of dollars on your policy and get the exact same coverage you are getting now.