By Finn Peden on 08-12-2010
For senior homeowners in Connecticut, getting cheap home insurance is difficult enough, but for those who have taken long-term policies in preparation for a comfortable life in nursing homes, the problem has just gotten bigger.
This is because the Insurance Department of the state has recently approved a 39% rise in long term insurance premiums offered by MetLife. Elderly residents who have policies for this type of insurance are facing a yearly payment that is almost double of what they used to pay. Read more…
By Finn Peden on 07-12-2010
Changing a homeowners insurance policy often results in better coverage, and sometimes, savings. This can be done whenever the value of a house changes.
Whenever the value of a private home (and its covered contents) changes, a change in a homeowners insurance (HOI) policy can help save money, and lead to better overall coverage. This means that reevaluating a policy and its cost, and the amount of coverage provided by it can be very worthwhile every so often, as changes in the value of a home and its contents means a change in the cost and value of a homeowners insurance policy. Read more…
By Lara Badgery on 06-12-2010
Purchasing new “market-based” flood insurance policies will not be a mandate for homeowners in new flood zones if two Democratic senators are able to pass legislation in the midst of the lame-duck session. Many homeowners have been placed into a new flood zone that would require them to pay for flood insurance, but the senators hope to stall this from occurring until the flood zone maps can be reviewed.
Senators Want to Stall Mandates for 5 Years
Democratic Sens. Cha
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By Finn Peden on 03-12-2010
College student renter’s insurance protects a renter or leasee from property loss in case of fire or other acts of nature, as well as personal injury.
Students living off-campus while away at college should strongly consider purchasing renter’s insurance to protect their personal property. Regardless if the rental property is a home, condominium, or an apartment, the landlord’s insurance is solely for the protection of the landlord — it does not protect the renter. L Read more…
By Finn Peden on 02-12-2010
When you are going to have a real estate transaction, you might hear the terms mortgage insurance. This is actually a financial guarantee that gives assurance to the lenders from the borrowers who fail to settle their payables. For further explanation, if you will buy a house that has lower than the 20% down payment, or you are refinancing it up to 80% higher, you will be asked to get a mortgage insurance policy.
This is an insurance that is beneficial to the buyers since they can in fact become the owner of the house and improves their capability to buy. Read more…
