Tuesday, September 22, 2015

Home and Contents Insurance

Benefits of home & contents insurance

Home & contents insurance is a policy covering house contents against accident, damage and theft.    

Safeguard your home:

Home means joy and delight to everyone. Home is a place where people feel secure and safe. To safeguard your precious home, the best thing to do is choosing the perfect kind of insurance policy to protect your home and possessions. Hence, with home & contents insurance policy you can secure your home contents against any kind of damages, or accidents, etc.
Home insurance policy covers costs related with damage or loss to the house you own. Content insurance policy covers losses caused to your possessions. In home content insures the two types of policies are actually merged with one another, since people generally prefer to take home content insurance instead of going with home insurance and content insurance separately.  

Home content insurance

Like said before it helps you insure your home from natural disasters that includes bushfire, storms etc. the policy covers the damaged cost, repairing or replacing cost of your home , the repairing costs includes fixtures, lights and building and fitting damages. The advantage of home & contents insurance is that you can save time as it allows you deal with one claim. The other advantage of home content is you can save lot of money, because when you take two policies it costs you more.

Key benefits of Home content insurance benefits:

-         Helps you safeguard you home
-         Offers you 30%extra cover in case of total loss
-         Temporary accommodation-costs
-         3 months content cover in storage
-         Fusion cover
-         Loss of credit-cards and many more

Optional Benefits:

-         Accidental damage or loss
-         To reduce your premium it increases your excess
-         Covers content-in-storage more than the customary 3 months
-         Valuable insurance
-         Storm damages to fences and gates
People invest lot of money to build their own house; it’s probably their only biggest investment.  Home is the place where you feel secured and also it is the only place you can spend quality time with family. So, it is obvious to feel that it should be protected from any kind of damages. These insurance policies helps you protect your home from any kind of disasters, and help your overcome the problems without you suffering from distress.
There are quite a few insurance companies offers competent quotes and polices.  They offer expedient prices and help you claim insurance for various risks and damages.

Home insurance include:

·       Building Insurance: building insurance covers building structure against storm, firm earthquake and any other natural damages.  Home insurance also covers perimeter walls, garage, any outbuildings, and pool.

Content Insurance:

Content insurance policy covers the possession that you own in your home such as carpets, furniture, lighting, clothing, audio-visual equipment and it also includes shed items if you own them and many more. 
It helps you protect your house and possession at a time, and helps you not to juggle between two claims. It helps you save money, time and most importantly Home & Contents Insurance helps you to come out of the distress in case of any risks happened to your home.

Continue reading 'Whatis renters insurance'

Tuesday, September 15, 2015

Cheapest Renters Insurance

Guidelines to Help You Get the Cheapest Renters Insurance


It is obvious that everyone is looking for the cheapest renters insurance rates currently available in the market.  Although renters insurance is not all that expensive, there are various ways to make it even much cheaper.
The following are some of those ways:
Compare reputable companies’ renter’s insurance quotes online for cheapest Renters Insurance
To begin with, you need to make comparison between various renters’ insurance quotations that are being offered online.  Actually, the best way to find the cheapest renters insurance rates is by comparing various renters’ insurance quotations and coverage.

Raise Your Deductible

A deductible is the amount of money that you have to pay prior to an insurance provider making payments on a claim.   Generally, if your deductible is higher, your premium will be lower.  This means that in case you file a claim, you will pay more out-of-pocket.  However, the savings you make on the rate in most cases is worth it.

Good Credit Rating leads to Lower Renters Insurance Costs

For your information, your credit score does affect your insurance rates and that is why it is necessary to maintain a good credit score.  This is a wonderful way to maintain your insurance rates at the lowest level.

Purchase Your Renters and Auto Policies from the same insurance provider

Many companies provide multi-line discounts to customers who combine renters with auto coverage.

Fit Safety and Security Devices

You can make your home a lesser security risk by installing smoke detectors, a fire extinguisher, window locks and dead bolt door locks.

Quit Smoking

Smoking has been found to be among the main causes of residential fires and statistics indicate that as a result, more than 23,000 homes are damaged each year.  Thus, a number of insurance companies offer cheaper premiums to individuals who don’t smoke.

Look for the best deals

According to research, retired people are less risky to insure.  This means that renters aged 55 and above are likely to save about 10% on their renters insurance.

Think of group coverage

Enquire whether your company or your other association such as alumni or trade provides cheap group coverage.

Make a request for a Loyalty Discount

Most insurance companies reward loyalty with reduced premiums as a way of pleasing their clients.  To enjoy a saving of up to 5%, you will have to stick with the same insurance provider for 3-5 years, after which your discount will grow to 10% once you hit the final mark of your six years.

Ensure that you Review Your Policy yearly

At times, you may sell off some of your possessions or buy new ones.  An annual review of your insurance policy will make it possible for you to make the necessary adjustments on your coverage amount and make some savings.
Although renters insurance does not cost a lot, still there are various ways that can lead to some saving.  You may consult an expert renter’s insurance agent and compare the quotes online to obtain the cheapest renters insurance rates and therefore come up a suitable choice.

Monday, September 14, 2015

Kelty Red Cloud 90 Internal Frame Backpack - What do you need to know ab...

Best Landlord Insurance

Best Landlord Insurance

If you have built property for rent, you should insure it with the best landlord insurance. The insurance covers rental properties against financial losses. Only the building is covered although the policy has an option of covering the belongings of the landlord that are in the property.  The policy covers the building on losses brought on by fire, vandalism, explosion, earthquake, smoke, storm and lightning, escape of water, theft and damage depending on the provider. It is important to find good landlord insurance that will cover you on all important areas at an affordable rate.

Qualities of the best Landlord insurance

Landlord insurance only covers the building structure and not the possessions inside except if they belong to the landlord. In addition to the standard coverage, the policy may include accidental damage and malicious damage by tenant, legal protection, alternative accommodation costs, rent guarantee insurance and liability insurance. It does not cover the tenants, their personal properties, or any interests of the tenants. It is upon you to determine the coverage you need and get the best landlord insurance.

·       Buildings insurance

If you take cover on your buildings, you are protected in case the buildings are damaged by any of the risks listed such as fire and theft. The insurance will pay for rebuilding or repairing for the damage.

·       Contents cover

 You can include this in your cover if you have furnished your rental property or some of your properties are in the premises. The cover protects your possessions against loss from damage and theft. The amount of cover should depend on the value of your possessions.

·       Loss of rent

The best landlord insurance cover also covers against loss of rent through rent guarantee. The landlord can benefit from the cover if there is loss of rent if the premises cannot be inhabited due to loss which has been covered until they are repaired. This helps the landlord not to lose income if there is damage to the property. The other option is the provision of alternative accommodation for the tenants.

·       Liability insurance

Since there can be accidents on the property occurring to tenants and visitors, the policy protects the landlord against claims on physical injury on the premises. Some covers may include legal fees and counsel and the amount sued. That means that the landlord does not carry the burden of liability if there is an accident on the premises and the tenant or someone else gets injured. You should include this cover when you are buying the landlords insurance.
A standard insurance cover should contain buildings cover and liability cover. You can add contents cover if you premises have your possessions. Loss of rent cover is also important. If the premises are damaged and you cannot rent them out, the insurance will pay you for lost rent. You may take an add-on such as an employer liability cover if you have an employee. This will cover you if the employee is injured while working.
Taking landlord insurance cover is important to protect your property. Make sure that you do your research and comparison to find good landlord insurance. The type of insurance you take should depend on your needs. Make sure you include all the covers that are important to you including add-ons depending on your needs for the best landlord insurance.

Thursday, September 10, 2015

What Does Landlord Insurance Cover

What Does Landlord Insurance Cover?

If you are a landlord, you will need insurance and therefore the question of what does landlord insurance cover will be topmost on your mind. The good thing is that here, we bring you all the information that you may need pertaining that and the same can also be found on many other resources. We are living in very uncertain times and therefore anything could happen and you find your property affected in a very serious way. Instead of wishing that you had insurance cover to boost your recovery, or even to place you back where you were before, buy landlords insurance cover today and enjoy peace of mind.
Note that landlords insurance is not compulsory although in most cases, your mortgage provider will stipulate that you have a cover for the property. That property is the only security between them and the home loan that they gave you.

So what does landlord insurance cover – Do a comparison check first

With so many providers in the industry, you will find that many of them offer different packages. In that case, you will need to ensure that you get good value for your money by getting as comprehensive a package as possible.
Consider the rates. You can do that by getting as many free quotes as you can handle, online of course. No matter how urgently you need the cover, you should never buy blindly. Always allocate enough time to find what will fit the bill.
Here is what the ideal landlord insurance cover takes into consideration
·        If you have any content on or in the property it will be covered
·        You are guaranteed of tenants rent should they refuse to pay up. In addition, you are covered for legal expenses if you have to launch proceedings against rogue tenants.
·        Should an insured risk occur and you have to move the tenants out of the property, then the insurance cover will take care of their living expenses until the property is repaired and they can move back.
·        Theft of contents by the tenants or their guests is also covered by the policy. However, this may depend on the provider and that is why we advised you to do comparison checks at the beginning of this article.
·        If a tenant makes a claim against you, then the insurance cover for landlords will cover you for that.
·        You will also be covered for malicious damage of property by a tenant or a third party
·        The unfinished buildings may also be covered, that is, their contents including some kitchenware.
·        Gas leaks, burst sewers and other forms of repair are also covered. The good thing is that the insurance company will send qualified repairmen for the job. You will be assured of high quality.

In addition to buying the right insurance cover for landlords, you should know a couple other things. For example, the policy does not cover the contents of the tenant. They should get theirs. To the question of; what does landlord insurance cover, we would say that it covers as many risks as you would like. 

Wednesday, September 9, 2015

What is renters insurance

What is renters insurance? – What does it involve? Find out!

One may wonder – what is renter insurance? Renters insurance is a kind of property insurance which offers a policy holder with coverage for belongings and liability within the confines of a rental property.  It actually relates to individuals that are renting or subletting an apartment, sole family house, duplex, studio, condo, town-home or loft and protects against losses to the personal property of the tenant within the leased property.  It further protects against losses brought about by liability claims like injuthe renter’s but the owner’s policy that will apply.  In the absence of this coverage, the tenant will have to bear this loss out-of-pocket.
It follows that it is important for anyories happening on the premises that are not a result of a structural problem with the property.  Here, it is not ne renting a home or apartment to have renters insurance.  Whereas several types of damages are taken care of by the insurance policy of the property owner, the renter is required to insure other items. Majority of main insurance companies provide varied types of insurance, and each one of them provides different level coverage.

Contents:The principal purpose

What is renter insurance? It is principally designed to offer coverage for a tenant’s personal stuff such as furniture, electronics, jewellery and other stuff that may be damaged or lost. It is the responsibility of the tenants to provide the estimate value of what is contained in their apartments to ensure that they buy sufficient insurance to replace them. Thus, a tenant with more valuable possessions will definitely require more renters’ insurance and will also have to pay extra money for a policy.

Types of policies

The most widespread homeowner’s insurance policy for renters is HO-4.  Insurers normally use the HO designation for all kinds of rental or home insurance and this includes HO-6 for condo owners and other varieties of home owners’ insurance.  HO-4 is specifically designed for renters and covers damage or loss to contents of a rental unit arising out of common causes.  These are electrical surges, lightning, falling objects, riots, vandalism, theft, volcanic eruptions and fire among others.

Other policies

HO-4 and the standard renter’s policies of insurance companies normally exclude two vital damage causes - flood and earthquake – which pose bigger threats in certain areas. This means that renters may have to buy an extra policy for cover in case a flood or an earthquake occurs.  The value of renter’s belongings and the degree of risk – the type of structure the rental unit is in and location are what determine the rates for these policies.

ACV versus Replacement Cost

Renters need to be fully aware of the insurance covers offered by these companies.  There are two options: the actual amount of cash and costs for replacement.  Replacement cost denotes the actual cost of the item at the time it was bought new and gives a renter adequate money to buy a replacement.  On the other hand, actual cash value calculates depreciation and insures items for less value as they age.  The manner in which the insurer allocates value to the items may greatly affect a policy’s price and the amount that it will pay out in case a claim will be raised. Thus after going through this you will be able to get the answer to - what is renter insurance?