Insurance FAQ
 

How Much Does Property Taxes And House Insurance Go Up Every Year?

My husband are first time home buyers so we are still learning a lot. We are calculating a home which we can afford. We are also calculating the monthly payment that is going to be most comfortable for us. I am nervous though, about continue increase of taxes or house insurance which will obviously raise my monthly payment every every year. so basically I am asking, for your home owners what have you experienced in cases of your monthly payment going up because of increased property taxes or insurance?


Answer: From 2008 - 2009, my monthly payment went up $30/month due to an increase in insurance and taxes (I have a 30-year fixed mortgage). Then, from 2009-2010, my monthly payment went down $100/month because the homestead exemption for my taxes finally kicked in (and lowered the taxes by $1200/year!). Property taxes have dropped quite a bit in my city over this past year, and insurance has risen minimally - around $50 this past year.
 
 

Can I Claim Off My House Insurance For A New Central Heating?

Boiler is finished and emerson heater needs replaceing .
Can I claim off house insurance for work to be done.


Answer: I was talking to a broker once, and asked a similar question,. His reply was concise, and goes as follows ....... It is not up to the Insurance Company to make your house better than it had been a week ago, If you had wanted this facility, you should have taken out a maintenance contract with a heating contractor.

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How Do You Find Someones House Insurance Co?

Other than asking directly who they have for house insurance company, If they dont tell you and you need to know due to you getting injured on there property or whatever other reason. How do you find out which insurance company a house has?? Is there any public records anywhere saying that information anywhere?
I appreciate the info, I can do with out the sarcasm...


Answer: That is not public information.

Insurance is a financial product. Just like there is no database for the public to find out what bank you use or who you financed your car with - there is no database for insurance of any type.

The only way for someone to find out who you have insurance with is to ask you.

And that's good news for you. It prevents me from going behind your back and filing a bogus claim against your auto or homeowners insurance to get paid.

If you were injured on their property then you need to go and speak with them about it. Ask them to contact their homeowners insurance and see if that will assist you with your

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Can Mortgage Company Assign House Insurance For The Year That Passed?

I unknowingly didn't pay my house insurance for last year (Sept 2008-Sept 2009) and now the mortgage company sent me a letter stating that they assigned $1,900 for insurance of their choice, and which is double the market rate. How can they forcefully make me pay for the past? Nothing happened to the house during that time, thank goodness. Can i dispute this? They said they will put this on my escrow, so it's not like i can just refuse to pay the bill. I now have insurance for this current year.


Answer: homeinsurance.awardspace.us - try this one. Got my home insurance from them. As I know they provide such a service.

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What Should My Average House Insurance Cost?

I'm buying an older house (1920's-1930's) in a working class neighborhood in California for about $200K. What should I expect to pay for my standard homeowner's insurance?


Answer: $600 for a basic policy with 3% deductible. $900 if you want to insure jewelry and artwork and have the lowest deductible.

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House Insurance Quote

Although getting replacement value rather than market value with your house insurance may cost slightly more it can end up saving you hundreds or thousands of dollars at a time when you can least afford extra expenditures. If you are renting then content insurance for the possessions in your home as well as personal liability insurance may be all that you need. Whether you are a home owner or are renting the home you live in, house insurance should be considered a necessity rather than a luxury. If however you have chosen replacement value, the insurance company would have to pay you the cost of replacing your bedroom set with a brand new comparable one, minus whatever your deductable amount is. Before you begin getting insurance quotes, it is recommended that you go through your home room by room and make a list of all your belongings making sure to include any items you may have in a garage or outdoor shed. It is always best to get more than one house insurance quote so you can......

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