How much do you know about earthquake insurance? Many people know very little about it, unfortunately. If you live in an area that has earthquakes you will need some sort of insurance coverage for this. The following are some truths about earthquake insurance that you need to learn about before you get this insurance. You also should read through these tips if you are thinking about getting rid of earthquake insurance. You need your insurance, no matter its form, to work perfectly for you at all times. Take your time and see if you can discover some new information about earthquake insure that you did not know before.
Right off the bat, earthquake insurance will cover the cost to repair or even replace your damaged property.
There has been an increase of two thirds in complaints arising from problem neighbours over the last two years, according to research commissioned by Halifax Home Insurance. This marks a stark change in direction from the improvements that had been made over the previous decade.
The research was carried out on behalf of Halifax by FDS International. Data was used from the British Household Panel Survey (BHPS) from 1996 to 2007, and the same questions were then asked for their own survey.
The study revealed that one-in-five homeowners have had serious issues with their neighbours over the past two years, a figure of 17%.
01 Nov
Posted by: Admin in: Home Insurance Online
One of the best ways in investing your hard-earned money in the midst of the current economic and financial crisis is through taking advantage of the dramatic plunge of price rates in the real estate market. One important component you need to deal with to jump start your home acquisition is securing a mortgage loan to help you finance your investment. However, there are requirements you are bound to comply with for your home loan to get approved particularly getting a title insurance. This is an important element on which you can definitely boost your eligibility for the loan you are applying for.
Insurance intended for the title of the property is likewise salient for your protection as a buyer and eventual owner of the house. Read more…
According to recent research, October is a costly month for insurance companies, both in terms of property and of motor claims. It seems that, for a minority of people, Halloween and Bonfire night prove a golden opportunity for anti-social and downright malicious behaviour.
The practice of trick or treating, which originated in America, has become more and more popular in the UK in the last twenty or so years but the jocular threats to cause mischief have become more and more serious and insurance companies have reported claims for broken windows, a wall being overturned and other damage to property caused by missiles such as broken eggs.
Thanks to the launch of its new Tenants Contents Insurance + product and
increased demand, HomeLet has managed to double the number of policies sold
in just six months.
What’s more, since 2006 HomeLet has referenced over 1 million tenants,
proving it is still the market-leading provider of specialist insurance
products and services to the UK lettings industry.
In September 2009 HomeLet sold over double the amount of tenants contents
insurance policies when compared to January 2009, with an increase of 121
per cent.
This increase indicates that tenants, who have tended to overlook buying
tenants contents insurance in the past, are seeing renting as a more
long-term commitment rather than a temporary stop gap.
Also, since the onset of the recession and the resulting increase in the
cost of living and rise in unemployment, the number of burglaries has also
gone up. T Read more…
Your home is probably the most valuable asset you possess and you want to make sure it’s properly protected. How much you pay for home insurance will be influenced by where you live, of course. Factors that are unique to a geographical area will have a big impact on a state’s average home insurance payment. The National Association of Insurance Commissioners gathers and analyzes all of this information and determines the average home insurance payment on a state-by-state basis. The following are the average home insurance payments by state as of 2006, the most recent year for which figures are available:
The National Landlords Association has launched ‘NLA rent guarantee insurance’, an insurance package for landlords and helpline support specifically designed for NLA members who face increasing pressure from tenancy disputes and rental arrears.
Rent guarantee insurance – best rates
RGI has been developed for the NLA by specialist legal expenses provider Arc Legal Assistance through the NLA’s insurance broker Hamilton Fraser Insurance.
According to the NLA, 1 in 3 landlords have tenants in rental arrears.
Paul Berwick, head of marketing, NLA said: “The level of these arrears is heavily influenced by the current economic climate. M Read more…
An umbrella policy is an insurance policy that covers claims that are in excess of the coverage under your homeowner’s or automobile coverage. Before you purchase an umbrella policy you will need to have both an automobile policy and a homeowner’s policy from the same insurance company. Both of these policies must have the highest liability that the insurance company provides. Once you have reached these limits, you can purchase an umbrella policy.
An umbrella policy takes affect after the limits on your homeowner’s or auto insurance policy are reached. The deductible for the umbrella coverage is the limit on your other insurance policy, for example, if the limit on your homeowner’s policy is $250,000, then the deductible on your umbrella coverage is $250,000.
21 Oct
Posted by: Admin in: Home Insurance Online
Mortgage lenders and insurers have been ordered to pay back £60 million to their customers for unfairly increasing the premiums of their mortgage PPIs (Payment Protection Insurance).
The demand was made by the FSA (Financial Services Authority), which applied a huge amount of pressure after deciding that the premium rises and the changes to policies had been unfair on customers.
Mortgage PPIs are designed to cover a customer’s mortgage repayments if he or she cannot make them due to redundancy or illness. However, as the recession took hold and more people were being made redundant and therefore making more claims on their insurance, the industry appeared to increase premiums and reduce the level of cover.
According to Which?, about 1 million people are set to benefit from the recent decision.
Research from the National Landlords’ Association (NLA) indicates that almost three quarters of private residential landlords have experienced rent arrears, with 43% of this group reporting arrears being incurred in the last 12 months.
To offset this risk, the NLA has launched rent guarantee insurance with a policy that includes legal expenses cover and a dedicated 24-hour advisory service.
The new offering is available to all UK residential property landlords.
NLA chairman, David Salusbury, comments: “Landlords may not realise they can protect themselves against rental arrears, but our research clearly shows there is a need to safeguard your rental income.”
He adds: “Unfortunately we aren’t out the woods with the economy just yet, and thanks to redundancy and unemployment some tenants are struggling to pay their rent.”