Home Insurance

Affordable Insurance Quotes To Save You Money!

2006-12-11T03:44:00.000-08:00

Affordable Insurance Quotes To Save You Money!

Whether you're looking for insurance quotes for auto, life, travel or health you can find some great rates on the Internet. Insurance quotes coverage can provide peace of mind and also financial coverage in the event that something untoward happens. [ @ Home Insurance ]

Originally health insurance in the United States took the form of a voluntary program. Such programs date from about 1850, when health insurance was provided chiefly by cooperative mutual benefit and fraternal beneficiary associations. Insurance quotes can now be obtained online from the Internet. [ @ Home Insurance ]

Insurance quotes for life insurance, originally conceived to protect a man's family when his death left them without income, has developed into a variety of policy plans. In a "whole life" policy, fixed premiums are paid throughout the insurer's lifetime; this accumulated amount, augmented by compound interest, is paid to a beneficiary in a lump sum upon the insured's death; the benefit is paid even if the insured had terminated the policy. [ @ Home Insurance ]

When looking for individual health insurance or other insurance quotes remember that "Individual" refers to the person buying the coverage, but the individual health insurance covers your whole family. You may have to pay more for your coverage than if you were part of a large organization, however it is possible to locate bargains that actually save you money over what you would have to pay if you simply left a company and picked up the cost of your COBRA. [ @ Home Insurance ]

Many people today have opted to be self-employed which carries the added necessity of acquiring individual health insurance for them and their families. Consider it a necessary expense that will actually save you money in the long-term. Insurance quotes can now be found on the Internet. Get a free insurance quote and you'll find that you can save some money. [ @ Home Insurance ]

Bogus home insurance claim

2006-10-15T15:50:00.000-07:00

Dianne Locke from Herefordshire , claimed that a large number of china items and pieces of jewellery had been stolen from her house (value £25,000) in a burglary before it emerged that she herself had faked the incident.

Locke pleaded guilty to trying to claim money on her home insurance through deception two months ago and has now been sentenced to a 12-month suspended sentence and 150 days unpaid community service.

The news follows a police crackdown on bogus home insurance claims in Croydon, with police having made more than 70 arrests for the offence since January.

Home insurance is needed everywhere

2006-10-15T15:42:00.000-07:00

In UK 14 people have been arrested following a series of stately home burglaries which could cost home insurance providers millions of pounds.

"Detectives have investigated over £30 million worth of crime over a 21-month period"
"The crimes being investigated include some of the highest profile and highest value burglaries this country has ever seen."

Arrests were made in : Oxfordshire, Worcestershire and Gloucestershire.

Life insurance for kids

2006-10-09T17:06:00.000-07:00

Losing a child is an unthinkable tragedy. As a result, many insurance companies offer life insurance policies for children.

In general, children do not need life insurance. Since children typically don't have either income or dependents, life insurance policies for them are usually not necessary. There are a few unfortunately exceptions such as funeral arrangements can cost thousands of dollars, and if you don't have the money to cover that expense, life insurance can be useful. Consider buying a small term policy just to cover burial and funeral expenses.

Buying insurance for a child ensures the child's insurability later on in life ( For example: your child develops a long-term illness such as diabetes, getting her insured will be difficult. But if your child already has coverage, you can retain the policy).

To really safeguard your children's future, invest in a college fund and make sure that you are insured.

Enough insurance coverage for your home

2006-07-14T15:21:00.000-07:00

How ?
This way :
1. You need need replacement cost insurance (If you want the full value of your lost or distorted items), this can cost 10% more.

2. Make sure your insurance policy has an inflation guard.

3. Prepare for natural hazards - the extra insurance for that will cost you about $40-$50 a year.

4. Get ordinance and law coverage (If you have a older home, this insurance will cover the cost of rebuilding your home to meet building code upgrades and construction regulations.)

5. If your home is damaged to the point where you can't live there for a while, your insurance should pay for your hotel room and meals. Almost always you can increase this coverage for an additional premium to your policy.

Remember:

This 5 tips will get you more coverage but will cost you more.

Tip: Live-In house keeper

2006-07-05T03:41:00.000-07:00

Do you have a housekeeper ? Heep her/him in your house!
Some insurers offer up to a 2% premium credit if you have a live-in employee as they feel it could reduce the likelihood of burglary.

Tip : Non-smokers and early retiree dicounts

2006-07-05T03:20:00.000-07:00

Some companies offer a non-smokers discount of up to 15% to qualified . To qualify, you must be a non-smoker and you cannot permit smoking in your home by anyone. Retirees or senior citizens are usually offered discounts because insurance companies believe they are home more often and are therefore better able to protect their home against fire and burglary.

Tip for home insurance discounts

2006-06-12T04:46:00.000-07:00

Improve your home security to lower your homeowners insurance costs it's usually a good deal.

You can usually get discounts of at least 5 % for a smoke detector, burglar alarm or dead-bolt locks or 15 or 20 % discounts if you install a sophisticated sprinkler system and a fire and burglar alarm that rings at the police, fire or other monitoring stations.

Always check with your insurance agent any discounts you qualify for, and to see if you can save any more on premiums by installing sophisticated and expensive security equipment. Ask your insurer what it's recommended, how much would cost and how much you'll save.

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$299 - Includes 60 cable and 4 wide angle cameras with microphone and view up to 4 locations simultaneously on a 14-inch monitor
$2,276 - Video motion detection with night vision cameras, Real-time audio and video recording, Remote surveillance, remote playback and remote configuration over the Internet

Why Inflation is Important

2006-06-06T06:24:00.000-07:00

Inflation is a fall in the market value or purchasing power of a money (a general and progressive increase in prices).

This is especially important with a homeowners policy. It may have cost you $100,000 to build your home 10 years ago, but it might cost $120,000 to replace it today. As inflation increases the cost of living rises. Suppose the present rate of inflation is 3%. What that means is that the goods you could buy last year for $100 this year will cost you $103, next year $106, and in ten years time $134.

# Inflation Calculator # uses the average Consumer Price Index for a given calendar year and for the current year it's used the latest monthly index value.

Caused especially by :
- demand is growing faster than supply and prices rise
- when a company’s costs go up it needs to increase prices to maintain its profit margins

Unanticipated inflation means problems. Creditors (lender) lose cash and debtors (borrower) gain money if the lender does not anticipate inflation correctly.

Earthquake insurance

2006-06-05T06:23:00.000-07:00

Allstate Insurance Co. says it is dropping earthquake insurance to most of its 407,000 quake customers nationwide as a part of a larger move to reduce exposure to catastrophic losses.

Other major companies plan to take similar action (insurance companies are really not in the mood to take on earth fury). Californians are not be affected by this Allstate decision.

Allstate lost $1.55 billion last year because of Hurricane Katrina.

Earthquake insurance covers any damages by earthquakes and also includes landslide, mudslide, mudflow, sinkhole or any other movement that involves the sinking, rising or shifting of earth.

Flood insurance policy

2006-06-05T02:15:00.000-07:00

Flood insurance won't go into effect the moment you buy it. There's a 30-day waiting period.

It is important to realize that the flood insurance a lender requires, if the home is on a flood plain, covers only the structure.

If you do get flood insurance, it normally comes with a $500 deductible. Your premium will depend on where your house is.

The number of times that a flood claim has been filed on the house is also a factor.

Government-subsidized flood insurance is a wise investment against inundation.

5 Tips about Home Insurance

2006-06-05T01:59:00.000-07:00

Getting the right home insurance can be pretty hard, so you will find here 5 tips to help you:

1. Take inventory (take pictures of rooms and note all the furnishings and possessions)

2. Understand the lingo (you will likely have chosen a cash value policy, which means that any settlement you get for damaged furniture, clothes and other household goods will be depreciated for wear and tear)

3. Beat inflation (Do not forget about inflation)

4. Protect your valuables (If you have expensive or rare items, get them appraised and look into a separate floater policy)

5. Get flood insurance

Home Insurance Start

2006-06-02T04:29:00.000-07:00

First we start with home insurance definition:
Home insurance = homeowners insurance, is an insurance policy (equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care) that combines insurance on the home, its contents, and, often, the other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home.

The cost of homeowners insurance scales upward depending on what it would cost to replace the house, and which additional "riders", meaning additional items to be insured, are attached to the policy. The insurance policy itself is a lengthy contract, and names what will and what will not be paid in the case of various events. Typically, claims are not paid due to earthquakes (shaking of the ground), floods, "Acts of God", or war (whose definition typically includes a nuclear explosion from any source). Special insurance can be purchased for these possibilities.

"Acts of God" like Katrina hurricane