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Archive for the ‘PROPERTY INSURANCE’ Category

An annual check-up on your homeowners insurance can result in a healthier policy and a healthier pocketbook. What type of coverage do I have? The most effective type of coverage is known as “replacement cost,” which covers, up to your policy limits, what it would take today to rebuild your house and restore your belongings, [...]

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  Homeowner hazard home insurance policies can vary greatly, and if home owners aren’t careful, they may find their claims denied when disaster strikes, according to a study to be published early in 2012 by the University of Chicago Law Review. While home insurers once used standard policy forms by the Insurance Services Office, now [...]

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Overall, home buyers today tend to be fairly sophisticated and knowledgeable about the real estate market, but there are still a few points of confusion in the process, a new survey by Zillow of 1,000 potential home buyers found. Here are the five main areas of confusion the survey revealed: Appreciation: About 42% of home buyers [...]

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Here is an interesting article from NASDAQ.com about basics of purchasing a home insurance. . QUESTION: We are about to settle on our first home, and we don’t know the first thing about buying homeowners insurance. How do we get started, and what do we need to know? . ANSWER: Congratulations on buying your first [...]

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Purchasing Home Owner’s Title Insurance always was and still is OPTIONAL. There is no law that requires homebuyer to purchase a Title Insurance – although the same homebuyer MUST purchase Lender’s Title Insurance that protects the lender’s investment in the property and is required by all lenders. . However, in the post 2005 years that [...]

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Homeowners insurance is a very important part of the contract to purchase a home, or other real estate, for that matter. Lenders require the borrower to acquire the fire hazard insurance before taking the title to the property as a protection against damages caused by a fire, severe storms, or other natural hazards. It is very [...]

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Since the slowdown of the real estate market in 2006, many homebuyers and investors are taking advantage of the buyers’ market and purchase at a lower price. It is not uncommon for unmarried couple, or two roommates, or a group of friends to invest in a real property. While the idea may seem on the [...]

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The method a purchaser takes the Title to the real estate holdings is of a paramount importance, can have great ramifications in the future, and possibly work against the owner if a wrong title was chosen. My experience as a REALTOR tells me that TITLE  issues are often under-explained and overlooked. Occasionally homebuyers learn about the possible [...]

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