Are you absolutely certain? If you’re under-insured, from a legal point of view, you may as well not be insured at all. Your insurer may simply scale back your claim by the amount you’re under-insured, but they would be within their rights to reject the claim totally.
Many people under-estimate the value of their personal possessions. If you go through your home, room by room, and make a rough mental note of the contents, you may be very surprised at what you come up with. Don’t forget to include portable electrical items, jewelry, designer clothes, paintings and even photograph frames. It’s often the smaller items that are easily stolen in a “smash and grab” type of burglary and these can be the very items which you overlook in your valuation.
When working out the premium for your SC home insurance policy, your insurance company will use your postal code, the size of your home and the claims history of the area. Contents calculators are available online, which are useful in deciding the level of coverage you need.
Steps For Cutting Home Insurance Premiums
In addition to the normal alarm system, you might consider installing motion-activated lights at the entrances to your house. Not only are they a deterrent for the burglar but they’re convenient for your own use too. A security cover inside a letterbox makes sure a thief can’t gain entry by putting a hand or instrument through it to open the door. Fitting all outside doors with efficient key-operated deadbolt locks is a good idea.
Inside the house, valuables could be kept in a safe and security fittings could secure any precious works of art. It’s a good idea to use some kind of marking or security code and record serial numbers, where this is relevant. Photographs of your valuables are useful too.
There’s a wide range of home insurance policies available. With some insurers, it is normal for individual items valued at over $1,500 to be listed separately. These will be covered inside the home, but would need “personal property insurance” if they are to be insured away from home.
Some insurers offer discounts on homeowner’s insurance if you cover both your home and your automobiles with the same company. Ask your insurance agent if such discounts are offered for your home insurance coverage.
Just remember, you need to insure the full value of your belongings to avoid the risk of a claim being reduced or rejected, while still getting the very best value for money. The easy way to do this is via an on-line insurance broker. They’ll be able to search a wide range of insurers and come up with the right policy to suit your own particular needs.
Remember, we can help you locate an agent for real estate. Just click the link at the top or bottom of this page to Find a Real Estate Agen, rental market saw rents increase over the past year while home values were decreasing. In some locations, rents are up just as much as home values are down. As contradictory as this may sound, this is actually good news for the housing market.
The slow rebound in the housing market makes renting a good option for many. Former homeowners looking to recover their financial stability are joining new renters on the hunt for their first apartment and long-time tenants facing rising rental Rental Market Will Stimulate Housing.
While it may seem that rent is rising at the expense of home values, actually the opposite is true. A strong rental market will stimulate home sales. The market is spurring investors to purchase distressed inventory to convert to rental properties, which may help bring rents back down as investors buy up the low-priced real estate inventory.
If you happen to find yourself being forced into the rental market because you are unable to qualify for a conventional mortgage, there is one piece of advice we’d give. That is, be sure to buy rental insurance.
Rental insurance offers an affordable form of protection from a range of hazards, from theft to fire damage. While you’ll need to sift through insurance policies with a fine-toothed comb to see what protection will and will not be included, rental insurance is a good bet, especially when it can cost as little as $10 per month.
If you’re thinking the rental market has now gotten to the point where owning is cheaper than renting, give us a call and we’ll sit down with you and run the numbers for you to see which makes more sense for you. Or, feel free to leave us a comment here and we’ll get back to you with answers to any questions you may have. Home sellers are all looking for an edge on the market. After all, it is summertime and the prime selling season, right?
It may be time to do a reality check about the state of your home and make necessary changes to get it sold. Home Sellers Need To Be CriticalNow that summer is here, make sure you’ve washed all the windows. Remove any heavy drapes that may be obscuring a good view and replace them with something lighter.
Be sure to spruce up the landscaping. Add some flowering ornamentals, trim the shrubbery.
Consider having someone who doesn’t live in your home come in and give you a brutally honest opinion, as if they were a prospective home buyer.
You could have something simple turning off would-be home buyers, like an odor. When you live in a home, sometimes you don’t smell an odor you’ve gotten used to, but an outsider (like a prospective home buyer) may smell it right off the bat. It could be something as simple as the odor coming from your vacuum cleaner bag, or the trash can in the kitchen.
Home Sellers May Need Stagers
Home stagers are usually brought in before a home is ever listed for sale, but they may also be able to help with a home that isn’t getting much interest. There are different levels of home staging services available, from simple verbal consultation and suggestions, to complete staging services where rooms are rearranged.
If a home stager makes significant changes, ask your listing agent to take new pictures of your home, since the bulk of home buyers start their search on the Internet these days.
Home sellers need to keep one important thing in mind. Even though the market is recovering, the recovery is not going to return home prices to where they were during the boom years for quite some time. If nothing else works and you’re desperate to sell, you may need to lower the price.
Price recovery is not going to be V-shaped. It’s going to be more of a straight line, and home sellers need to keep this in mind when pricing their home to sell quickly.Homeowner insurance is getting more and more expensive every year. Finding ways to save on your homeowner insurance can be tricky, but there are a number of things you can do in order to get different homeowner’s insurance quotes from various insurance companies.
You can easily fill out an online form from various insurance websites and get numerous quotes you can choose from. Whenever you use this particular service, make sure you compare the different quotes side by side so you find the best deal on similar quotes.
Often times there may be discounts you might qualify for on your homeowner insurance. You should ask about discounts since it also helps in narrowing down your choices of the most suitable policy for you. When planning to buy homeowner insurance, the following tips are ways you can lessen your premiums.
Homeowner Insurance Savings Possible With Improvements
One thing you can do to possibly save on your homeowner insurance is to make improvements to the general safety of your home. This can be done by incorporating various safety and security features in your house. For example, you can add dead bolts, burglar alarms, or motion detectors as a deterrent to any burglary attempts to your house. To prevent fire, install smoke detectors as well as fire alarms. Doing these things to promote security and safety can cut almost 15 percent off your premiums.One big area that could affect your policy premiums as much as anything is your deductible. Generally, you should raise your deductible to the highest you can afford. Some insurers are changing deductibles from a set dollar amount to a percentage, which can often represent a sizable change in your premium, but be careful not to raise your deductible to a level you cannot afford, should you have a disaster strike and you lose your home. If you have a $300,000 home, raising your deductible to 5% means you’re responsible for the first $15,000 to rebuild. Can you afford that.
Also, houses that are well-maintained are likely to have lower insurance rates. It is therefore important to maintain your home in good condition since insurance providers are willing to cut down on the rates if they see your house has up-to-date equipment. Another way to take advantage of discounts is by installing a new roof if yours is over 20 years old.
Another way to reduce your cost is to maintain a good credit rating. Since a good credit score suggests that a person is responsible in more ways than one, insurance companies take that into consideration and normally offer lesser insurance premiums for better credit risks.
Combining policies with one company could considerably lower your cost. Most insurance companies offer different plans and packages if you insure your cars and home together. This requires more research and inquiries with the various insurance providers to make sure you’re comparing similar multiple policy discounts.
Make sure you have a full understanding of the coverages being offered by different insurance companies so you will know what all the charges being quoted will cover for your Greenville SC homeowner insurance.
Homes, and whether now is the time to buy or not, has been a headline for several years now. But is a housing recovery finally happening now, making now a good time to buy. Here’s what the experts think.
So what do you think? How does your opinion stack up with the experts? Is now the time to be thinking about buying homes? We’d love to hear your comments and feedback.
Buying Homes, Home Buying
The State prepares for winter storm The Winter storm warnings were issued for 15 counties across northern South , effective.