Test3

NJ Homeowner Insurance - Did You Know That Two Similar Homes May Need Differing Policies? You live in the Garden State. To you, all NJ home owner insurance policies are the same. To the insurance companies, however, this is not the case at all. Two identical houses may actually require two very different policies. How so? Take the example of two NJ homes, one at the eastern corner of Woodland Drive in Lakewood, NJ and the other, located smack in the middle of River Terrace in Toms River, NJ. Two Homes, The Insurance Company's Perspective: 1) Home on Woodland Drive, Lakewood, NJ Distinctive Characteristics - • Owner occupied  • Well taken care of  • Less of a damage risk 2) Home on River Terrace, Toms River, NJ Distinctive Characteristics - • Tenant occupied  • May not be as well maintained  • More of a damage risk Differing Home Situations, Differing Homeowner Insurance Policies The fact that Lakewood is surrounded by the beautifu...

Things to Remember When Buying Cheapest Low Cost Home Insurance Home Insurance for Buildings This will cover the actual building, but not necessarily outbuildings such as sheds, or garage, or fences. Having building insurance cover is usually a condition of the mortgage for home owners. If looking for cheap home insurance it is worth remembering that a lower price it may mean a higher excess, which is the amount you have to pay before the insurance cover kicks in. Questions to ask include whether cover includes the cost of alternative accommodation should the building be so severely damaged that it cannot be lived in while repair work is carried out. It may also be worth asking about whether the policy includes legal fees, as this is usually an extra item. Another extra on home insurance policies that may be worth considering is emergency cover which provides for immediate, urgent repairs to make a property safe or weather proof if there has been some unexpected event that has caused d...

What Not to Do When Hiring a Public Insurance Adjuster After your home sustains damage in an emergency weather event or a similar situation, you might be feeling a bit overwhelmed. There is so much stress on your plate and so many things to do in order to get your home repaired and to get the full pay-out from your homeowners' insurance company. If the claims process seems too confusing, there is help readily available in the form of a public insurance adjuster. However, if you've never hired one before, you might be wondering how to go about finding one that is reputable and has your best interests at heart. When you contact a public insurance adjuster, ask about payment. Inquire about how much they will charge you and when they want to collect that payment. If they want money up front or ask for a specific amount before they even begin to help you process your insurance claim, this is a huge red flag. Avoid that public insurance adjuster and move to the next one on your list....

A Homeowner's Guide: Insurance Scores Explained Do you understand insurance scores and its relevance on your policy's premium? Here's the classic illustrative example: Barbara and Gail are neighbors, living just houses away from each other.. Barbara lives on the corner property on Farms Road, while Gail lives smack in the center of Farms Road. Both women marvel at how similar their homes look on the outside. They chuckle at the personal joke they share about the interiors. "If not for the vast difference in home decorating tastes," says Barbara with a broad grin, "we'd live in identical looking homes and our kids would mistakenly enter the wrong house when returning from elementary school!" The joke kept smiles on their faces until they discovered a serious difference in homeowner policy cost. Gail was paying a premium of $1,300 on her homeowner policy while Barbara only had a premium rate of $700. Gail couldn't believe the fact that the price ta...

Are You a Tenant? Do You Have Renters Insurance? If you are like one of every three tenants across the entire US of A who does not own renters insurance, chances are that you are setting yourself up for disaster. Why? Coverage for those who rent homes, apartment units, condos, etc., gives you protection against the potential of liability exposure. What damages and losses could a tenant like you experience, you ask. In the event of insurance perils such as flood, fire, theft or acts of vandalism, you stand to lose a lot. Don't be fooled by the common fallacy that those who rent do not need a tailored insurance policy. While your landlord is probably covered by the homeowner policy he took out for the property you live in, that plan only covers the home's structure. It does not cover the home's contents. And since you live in the home, the contents belonging to you are at risk on a continual basis. Ask yourself: if a fire, storm or home burglary would cause personal devastati...

Nothing Occupies Your Vacant Building, But Risk Exposure! If you think there's nothing to worry about in regard to your vacant building, you are very, very wrong. Such a property has much more exposure to liability risks than a home where renters occupy it. It's a fact that the insurance companies are extremely cognizant of. For illustration's sake, read the following claim examples. They are all true. Thought they might have happened to another homeowner, similar situations can certainly happen to you, too. Property Coverage One day, five angry teens forced their way into an empty building. They let out all their frustrations as they vandalized the place. The result was $15,000 in damages and losses. The vacant premises in a specific place was finally set to be occupied by a tenant. Just a week prior to the move-in, a severe storm hit the area. Lightning hit the building, damaging the HVA system. The tenant postponed his move for two weeks so that appropriate repairs could...