Can I Own a Home Without Homeowners Insurance?

Homeowners insurance is designed to protect your house (the physical structure,) and your property. Under some circumstances, there is no law or other requirement to force a homeowner to purchase homeowners insurance in order to own a home. Many people who own older homes don’t insure the home, but if you don’t purchase homeowners insurance, you could lose everything, and be forced to face financial destitution. There are circumstances under which you absolutely have to purchase homeowners insurance in order to complete the transaction for the purchase of the home. Who Doesn’t Have to Have Homeowners Insurance? If you are building or buying a home and don’t need a mortgage to pay for the home, you won’t be forced to purchase homeowners insurance. In a case like this, if you don’t purchase homeowners insurance, any catastrophe could wipe out all of the equity you had in the home, and you would be left without the finances to either repair or replace your property. You would lose everything. When Purchasing a Condo If you buy a condo, the physical structure is insured under the property owner’s insurance. If you pay for the condo in full, and don’t need to borrow the money to finance the purchase, you don’t have to purchase homeowners insurance, but without doing so, you have no protection for any of your personal property. This is another situation where you could face financial ruin. Mortgages to Buy or Build a Home or Condo If you borrow money in the form of a mortgage, whether to build a new home, or to purchase an existing one, the lender will demand proof that you have a homeowner’s insurance policy. Unless you can bring your lender a copy of the policy as proof that the home is insured, none of the papers that finalize the mortgage can go through. You will also be required to include the lender as a co-beneficiary on the policy. The reason for this is to provide the lender with the assurance that if the home is destroyed by something that is specifically covered by the policy, the lender will recoup their money as soon as the insurance company issues a check that is made out to both you and the lender. Since the check is made out to two beneficiaries (you and the lender,) you won’t be able to cash the check without the lender’s signature. The insurance money is supposed to cover whatever is still owed on the mortgage. If the amount of the check is for more than what you still owe on the mortgage, the extra money goes to you. Homeowners insurance isn’t that different than health insurance. In both cases, you are paying to insure something of great value (yourself, your family members, or your home and property,) in case of something catastrophic. Without the homeowners insurance, you could be totally wiped out financially, without resources to rebuild your destroyed home, or repair any damage. Since you also insure the contents of the home, homeowners insurance provides you with the assurance and peace of mind that you will be able to get enough money to replace lost possessions – as long as you insure your property for replacement as opposed to actual value.)

Did your Car Get Damaged by Towing?

You may be wondering what to do if your car was damaged by towing. Depending on the extent of the damage, and whether you can prove when the damage occurred, you may be able to file a claim with either your insurance company or the towing company directly. You will also need to go check on your deductible and see if filing a claim will actually benefit you or if the damages are less than the deductible.

Before you have your car towed, you need to take pictures or video of the vehicle in-case there is car damage after the towing has occurred. Sometimes the towing company will take their own pictures and document any damage to the vehicle to protect their own liability. Unfortunately, sometimes disasters occur and your car may be damaged. If the towing company acknowledges fault, you should be able to make a claim directly with the company. If they do not want to pay, you will need to file a claim with your insurance provider. This is usually considered part of your collision coverage, but you will need to check your policy to make sure you can file a claim. If you do not have the patience to deal with the towing company, you may be able to file a claim with your insurance company and they will work with the towing company for you.

If you do not know what to do when there is car damage with towing, it is probably best to talk with your insurance carrier. Remember when you are shopping around for auto insurance rates, if you want to be covered for this type of damage, you will need collision insurance. By comparing quotes with several providers, you can find a premium you can afford to pay that will also give you the coverage you need.

Why Homeowners Should Check to See if You Have Off-Premise Protection on Your Policy

If you are not sure if you have off-premise protection on your homeowners insurance policy, now would be a great time to check. Many people wait until they have a claim, and then find out they do not carry this type of protection. Off-premise protection is the insurance coverage that will take care of your possessions if you are away from home. If you often travel for business or pleasure, or if you have a child who is away at college, this type of coverage is even more important.

Sometimes, when traveling, the airline will lose your luggage or your possessions could even be stolen while on vacation. Even if you are careful to always watch over your items while you are away from home, it is not difficult for someone to steal your laptop or new iPhone. When this occurs, if you have off-premise coverage as part of your homeowners insurance, you will be able to make a claim and replace your items quickly. Also, if you have a child who is living in a college dorm, if his personal property is stolen or destroyed, your homeowners insurance will take care of the loss. Although, once your child moves to an off campus apartment, he will need to get his own renter’s insurance.

After checking your policy, if you find that you do not have this type of off-premise protection, think about comparing quotes online and finding an insurance carrier that offers this coverage for an affordable price. Comparing quotes online is the best way to make sure you are getting the best rate available. Do not wait to find out if you have the protection you need until it is too late. Make sure your policy gives you the protection you need and the peace of mind you deserve.

Tips to Decide on Your Home Insurance Plan

Tips to decide your Home Insurance PlanThere are many home insurance companies giving you different types of policies. Every policy has different plans. It solemnly depends on you to choose the best policy which suits your needs and fulfills your requirements. Below are certain tips which can be useful in deciding home insurance plan to secure your house.

  • Do not jump into any conclusion and select which ever quote comes first. Do a little research on insurance companies, take as many quotes possible, talk to different agents and narrow down on search. Remember to do quote comparisons.
  • Different companies offer different discounts. Talk to the agent and find out the discounts offered in every plan, starting from safety devices, senior citizen to multiple insurance discounts. Every factor will fetch little or more discounts on your policy. Check and then proceed.
  • Depending on your location, check for perils such as earthquake, floods, hurricanes etc which occur often and hence you need to be fully covered. Not all insurance companies cover disasters due to such perils. Check with your insurance policy much before you sign on the dotted line.
  • Finding a reliable and reputable insurance company also matters. Make sure, you do a thorough research on the company and ensure it has good reviews, revenue and in business for long time now. Also check how claim process works. You can talk to your friends or relatives about their insurance companies and choose the one which is ideal for you. There are also other means such as state department of insurance, yellow pages, state library, insurance news which keeps you updated on current news in the insurance market making your search easy.
  • Any insurance company you sign a contract with, carries a good amount of your money and prized possessions. Hence, it becomes important to rely upon and feel confident about the insurance company and their policy. Be clear with all the terms and conditions listed under your policy to avoid any problems in future.

Something is Bothering Your Car

Something is bothering your CarYour doctor would advice you not to ignore minor symptoms related to health. Similarly, do not ignore even the minor sounds or smell from your vehicle. It can simply mean, it needs a mechanic. Below are some signs you might not want to ignore. A precaution can avoid accidents or break down of your vehicle.

Grumbling Sounds

Some one can be so addicted to listening to music while driving. It’s good to turn off the music once in a while and listen to your car. If you can hear any sound then your car is trying to tell you something. Sounds like ticking, clunking and louder clicks are warning signals. Clunk sound indicates a bad shock absorber. Ticking when the car is on rest indicates need for oil change. Loud clicks signals problem with CV joints. When ignored, the damage could be expensive to be repaired.

Other sounds like grinding, squealing and squeaking are mostly related to brakes and can be easily recognized. Worn out brake pads usually throw squealing noises, asking the owner for a replacement. Sometimes the squeaks can also be due to the dust, water, sand or other factors of environment. Grinding noise indicates improper functioning of brakes. However, louder grinding noise can be signs of major issues which needs a quick check.

Smells – Trust Your Nose

Strange smells such as something burning and fuel smell cannot be ignored. Burning smell could have caused flames. Stop and see if any flames are visible. If not, call a mechanic if the smell continues. Fuel smell can occur when there is a leakage. Be cautious, it can cause engine fire.

Lights to Warn You

Most of the vehicles manufactured will have in built warning lights. If something is wrong in your vehicle, these lights signal you. However, a tripped connection can be really hard for you to analyze the problem. If the temperature or oil light signals you, then immediately call for help. Lights from tire pressure and engine check can have a mechanic looked upon in a day or two.

Your Teen and Their Driving School

Team and their Driving SchoolAs a parent, your peaceful mind would take a toll when your teen gets on to the driving seat and drives off all by themselves for the first time ever. Such occasions causes stress on any parent. Your stress can find a relief only when your teen has rode a vehicle good number of times or attended a driving class. Finding a good driving class is also a task which is not easy as it’s the basic foundation for any learner, specially when he or she is a teen.

Here is a resource which can help you to find a better driving school. The Better Business Bureau, on entering the name of the driving school you opted for, you can find all the negative feed backs or complaints if any against the school. This makes your search easy and efficient. You can also check for the list of driving schools licensed under your state department of motor vehicles, which can be an added advantage as those schools meet with the state’s requirements. Every state has defined set of rules which a driving school has to abide, say, conduct a minimum of 25 hours of class room session, provide internet training to the teens and also a minimum of 5 hrs of training on roads behind the wheels.

On Completion of Search

Once you have chosen a driving school, contact them and ask few questions to clarify your doubts. Visit their school to have a look at it and know how the training will be conducted. On visit, check for the books, guides and other training materials provided by the driving school to your teens. Also check if the materials are as per the AAA standards. Take a look at the vehicle which will be used to train your teen, the make and model, safety features and year built. You can also ask for a test drive to ensure the quality of the program.

Before you are asked to sign on the dotted line, check for price, if any additional charges are implicable. Understand the policy’s terms and conditions and also make sure that you check how the policy works if your teen had to miss a class or training program. Remember, all this effort will fetch benefits while obtaining a car insurance policy by giving you discounts on factors such as teen’s driving course and good grades.

Review Your Policy

  • Review PolicyWhen your insurance policy comes for renewal : Don’t just immediately send the check to District of Columbia home insurance company. Give yourself some time so that you can review the coverages you have brought and you can also contact your agent for any queries and concerns about home insurance.
    1. Check whether the company has made changes in the coverages in recent years.
    2. Check whether there is separate deductible for hurricanes and hail.
    3. To save your money is it required to raise the deductible.
    4. Are you taking the advantage of the available discounts.
    5. Is policy required for flood, earthquake and umbrella.
  • Major improvements made to your sweet home :
    1. Any purchases made to your house see to that you are covered with right coverages. If any one in your house has brought a new computer or expensive artwork inform your agent whether to increase the insurance for these items.
    2. Don’t forget to report to the home insurance company if you have added new room, expanded the kitchen. Same way do not forget about the structures outside your room. Maintain the records and keep the receipts safely because you may have to send the copies to District of Columbia home insurance company.
  • You can make your home safe :
    Make it a point that your home insurance company knows about the improvements made in burglar system or heating or plumbing because you might qualify for the discount.
  • Major changes in lifestyle :
    Children, divorce or marriage who are in a family can be affected by District of Columbia home insurance. People start buying more things day by day. Hence you need to buy additional coverage for the belongings inside your house.

Rescued and Redeemed Cars in Utah

Be Aware of Scams!You want to be a proud owner of a car to have an exuberant life. In order to fetch those benefits in fun drive with your family or friends, you might opt for the one which is made available for lower price. Such cars with porsche looks and at cheaper rate is obtained at auctions, news paper ads or even online ads. But that year or more older car, costing few dollars giving you a real good bargain may make you realize that it has more problems on driving.

Every state motor vehicle department checks for those damaged cars in some or the other way say by flood, theft, windstorm or other natural calamities. A company which sells such cars by repairing or rebuilding it, will have to under go an inspection before it is out in the market for sale. These vehicles are issued with titles and are branded as restored or rebuilt by Utah Division of Motor Vehicles. Before you purchase such salvaged cars, you will know it’s damage history accordingly.

Scams with Salvaged Cars

The problem is not with the salvaged car but it’s with the unscrupulous sellers and their dishonest strategy. They hide the fact that the vehicle is salvaged and sell it as a new car for it’s current market price. They will alter the vehicle, paint and polish it to make it look new. The buyer will be unaware of the fact that it was destroyed or buried under mud or water and will hopefully discover that he is been cheated when he finds the traces of mud beneath the seat or when the metal starts corroding.

Another scam called car clipping where two damaged car parts will be welded together to make it look as a new car and being sold. But such vehicles are at high risks. In order to avoid being a victim of such scams, check and verify if vehicle title is in or out of state before you buy. Perform a thorough check if any dents are being covered, any gap between the doors, odd looking patched paints or any spots. Perform a proper check by a known mechanic and be free of scams.

Replacing Old Car by New – Selling and Buying!

Tips to Make Old Car NewIf you are planning to add a new feather to your cap by owning a new porsche car, it is a good idea to sell your old car. When you have made up your mind of selling you car, you can do that little things in order to boost up it’s selling price and obtain good amount of benefit on it. Brace up your old auto before it is out there for sale, which can easily earn 20 to 30% more than it’s current value.

Tips to Turn Old as New

Cleaning your car: Remove the dirt and vacuum your car to present it in good condition. Just on paying $100 or say even less than that, there are professionals who can clean and do astonishing work to make your old car look new. The money invested here will reap it’s benefits later when sold.

Act of fixing up: Be it windshield wipers or blinker light or any other small parts of your vehicle is worn out, repairing or replacing them with new parts will make your car look fresh.

Accumulate all receipts: Ensure you have all the documents and receipts related to car from the time you bought the car till the date you put out for sale. Be it a repair, an insurance policy, if any violations or accident committed and claims made, any tickets related to vehicle number and maintenance work done. Exhibiting all these documents will help the buyers in estimating the risk. It will also build a confidence on the buyer that a routine check up is done and is free of hassle.

Seasonal Sale: Do a smart work before you buy or sell. A little research can prove to be the best way to sell your car. Estimate the current market value of your car and pen down your rates. This makes answering a buyer call easy. You can always promote your vehicle’s strength and reinforce the reason for asking a good price.

To make selling easy and hassle free, it is fair enough to take that necessary steps to add that little value to your car and obtain what’s deserved. While buying a new car, do that research, check for different models, it’s mileage, cost efficiency, it’s insurance value and then go for it. Presenting yourself as knowledgeable, can fetch those earnings.

Loan/ Lease Payoff

Car loanLoan/lease coverage is the coverage that pays the difference between how much you owe for the vehicle and how much your car insurance pays if your vehicle has undergone total loss or if your vehicle is stolen and is not recovered. If you want to add loan/lease coverage to your policy collision coverage and comprehensive coverage are the coverages is a must which should be added before the loan/lease coverage. Consider adding the loan/lease coverage to the insurance policy if you are shopping for the insurance by taking a quote on your car. If the driver is having loan/lease balance on his car through any of the financial institution and not by an individual then applying loan/lease coverage on your policy will be helpful.
If you are involved in a very serious car accident without loan/lease coverage, your car insurance company might declare that your vehicle is a total loss and give you a settlement check much less than what your vehicle owes on your unpaid car loan. Along with the replacement vehicle what you had decided to purchase you also need to continue paying the old car loan in addition. When you sign the contract while you are leasing a vehicle, in the contract loan/lease coverage is added as a part of the agreement. Before buying the loan lease coverage read properly all your loan lease documents carefully. Many of the insurance companies loan lease coverage is available if you have got the car loan from a recognized financial company. The coverage will not be applied if you have borrowed money from a friend or a family member to obtain the vehicle. After the collision coverage and comprehensive coverage has paid the actual value for your vehicle, then the loan/lease coverage will issue a check. This value will be the difference between the collision and comprehensive coverage and the amount your vehicle loan will currently owe.