Archive for the ‘Renting & Real Estate’ Category
What are the legal obligations of home insurance to mortgage company?
Andrew B asked:
If a house burns, can the owner collect the insurance money and not fix the house despite the fact that there is mortgage owed? Can the owner abandon the house and leave with the fire insurance money?
Monty Sivic
If a house burns, can the owner collect the insurance money and not fix the house despite the fact that there is mortgage owed? Can the owner abandon the house and leave with the fire insurance money?
Monty Sivic
How much would monthly home owners insurance be for a $150,000 house?
Jennifer asked:
I’m learning about buying my first home, and trying to get a general idea.
Its in northern CA
Ashleigh Lyne
I’m learning about buying my first home, and trying to get a general idea.
Its in northern CA
Ashleigh Lyne
Who would I contact to obtain mortgage insurance before I purchase a home?
BeatsbyDre asked:
I am in the process of purchasing a home and the bank called me today and told me I had to obtain mortgage insurance before I purchased the home and we could continue the process. I am being financed through chase bank with a fha loan. Any additional information would be useful.
Lorenzo Fey
I am in the process of purchasing a home and the bank called me today and told me I had to obtain mortgage insurance before I purchased the home and we could continue the process. I am being financed through chase bank with a fha loan. Any additional information would be useful.
Lorenzo Fey
Is it a good thing that replacement value of a home (in terms of insurance) is higher than purchase price?
amyann16 asked:
We are buying our first home and I just found out that the replacement value that our homeowners insurance will cover is $42,000 more than what we are buying the house for…. is this a good thing?
Heather
We are buying our first home and I just found out that the replacement value that our homeowners insurance will cover is $42,000 more than what we are buying the house for…. is this a good thing?
Heather
Do Home Insurance carriers charge more if you have an attached garage or a fireplace in the house?
mira a asked:
I always wanted a house with a fireplace but the fireplace is located in the DR. Seems pretty typical for this style of house. I saw another house without a fireplace. Both properties are aesthetically appealing and both has their pros and cons. But if the house with the fireplace would mean a higher premium, I may be inclined to put an offer on the house without.
Rich Dekruif
I always wanted a house with a fireplace but the fireplace is located in the DR. Seems pretty typical for this style of house. I saw another house without a fireplace. Both properties are aesthetically appealing and both has their pros and cons. But if the house with the fireplace would mean a higher premium, I may be inclined to put an offer on the house without.
Rich Dekruif
FHA loan- first year of home insurance in escrow?
Eric R asked:
I am getting a FHA loan. The agent said that I need to pay a year in advance for the home insurance. Does that mean for the first year I do not need to make payments into escrow for home insurance?
Tora Portnoff
I am getting a FHA loan. The agent said that I need to pay a year in advance for the home insurance. Does that mean for the first year I do not need to make payments into escrow for home insurance?
Tora Portnoff
If me and my friends rent a home, at say, $900 a month, do we have to pay for home insurance or property tax?
keitae06 asked:
I guess it depends on the owner, right? but we just wanted to pay the rent and whatever utilities that we may use..not the homeowners insurance, property taxes, and the rest of that stuff
Lorina Antolini
I guess it depends on the owner, right? but we just wanted to pay the rent and whatever utilities that we may use..not the homeowners insurance, property taxes, and the rest of that stuff
Lorina Antolini
Would being a member of a home owners association decrease the home owners insurance?
Skywarn storm spotter MAN-477A asked:
I’m getting a home security system. What else can I do to decrease my rates? Sources?
Jerrod Quitugua
I’m getting a home security system. What else can I do to decrease my rates? Sources?
Jerrod Quitugua
Do I have to have “special” insurance to rent my home in Arizona?
Mx asked:
Do I have to have insurance other than my current home owners insurance to rent my house in AZ? Is there a “special” type of “landlord’s insurance”??
Miles Moralas
Do I have to have insurance other than my current home owners insurance to rent my house in AZ? Is there a “special” type of “landlord’s insurance”??
Miles Moralas
For Home Owner Insurance purposes, is an unfinised basement included in total square footage of the house?
SanDiego21 asked:
Are Insurance company underwriters not supposed to include unfinished living areas of the house when determing my total square footage of house for replace cost purposes? My premium went up even though the home inspector from Allstate did not know I had part of my house that is unfinished. I was not home at the time when he did this home based underwriting square footage procedure.
Freddy Pennigton
Are Insurance company underwriters not supposed to include unfinished living areas of the house when determing my total square footage of house for replace cost purposes? My premium went up even though the home inspector from Allstate did not know I had part of my house that is unfinished. I was not home at the time when he did this home based underwriting square footage procedure.
Freddy Pennigton