Who gives the best home insurance in the UK?

I am with Liverpool Victoria with my car and they are by far the best. I got a very good quote from them on the internet for the home insurance.Does anybody agree with this or does anyone know of a better one?

I had been with HSBC for 4 years paying triple if the Liverpool Victoria premium and we had a water leak into the front room, they wouldn't pay, a leak into the kitchen from the bathroom and they wouldn't pay and now the integrated fridge broke down and they wouldn't pay.

Sorry to hear of your problems with Insurance.

Most UK policies will provide cover for damage caused by escape of water (eg a leak).

The Insurance will pay for the cost to repair the damaged caused by the leak (eg water damage to carpet etc) - It will not repair the leak itself.

This would be the same situation with Liverpool Victoria.

The same applies to your fridge breakdown - Your home Insurance policy will pay to replace the damaged food caused by the breakdowm, but it will not replace or repair the fridge.

There are seperate Insurance policies available to cover the breakdown of white goods in your home (eg, fridge, freezer, washing machine etc), but these are expensive and will only provide cover if the items are less that 2 or 3 years old - This means the more your need it (because your white goods are getting older and more likely to brekadown), the less likely they will insure you.

I'm not sure you will get any insurance to cover you for the cost of repairing a leak - try you Water Company, as sometimes they have a policy which will pay for one of their engineers to come out and fix the problem - but I think it is expensive for what you get.

With regards to the best Home Insurance company in the UK, I suggest you speak to a local Insurance Broker - Cheap isn't always the best. I would recommend you make sure any quotation includes Accidental Damage as a minimum. You may also want to opt for cover outside your home (eg jewellery, bikes, camera equipment etc) - but this will cost extra.

Good luck with your search.....

Try

http://www.moneysupermarket.com/insurancedefault.asp?Source=MSSEMSN

They compare quotes from insurers so this website should be able to help you

Norwich Union.

I changed mine to More Than and halved the premiums

Based on your bad claim experience, now you know that the best company is not always the cheapest. It is definately the company that will look after customers in the event of a claim and not rip them off in the process for premiums.

House insurance is postcode rated and each insurance company will assess a postcode differently for premiums charged. The best way to deal with this is by either having a pro-active insurance broker or conducting your own research for claims being met and premiums being charged.

what constitutes "best"? Cheapest? Most likely to pay out? Let us know that, and we can probably answer your question

try www.budget.co.uk

Whats the best home insurance in france?

I Have a holiday home in france and need to look for new home insurance. Does anyone have any recomendation of who they use for there french holiday home. it would be preferable if the company had offices in both the uk and france and was able to correspond in English. But cost is the most key decision maker.

Your ideas would be greatly appreciated.

How will you be using your holiday home, just family and friends or letting it to generate income?

The major points to consider when choosing holiday home insurance are; what does the policy cover, what are the exclusions and how much does it cost.

Also:

-Is the policy in English so you can understand the terms and conditions, key facts.

-What happens when you have a claim. Will claims handlers visit your French home to assess the damage, and will your travelling expenses be covered to oversee the claim.

-Is your holiday home likely to be empty for long periods/during the winter? If so, what are the insurers unoccupancy/inspection requirements e.g. do you have to drain the water supply, heat the property.

-Is theft covered, what are the security requirements.

If you are letting you will might want to consider a policy that also covers:

-Damaged caused by tenants

-Public liability insurance in case someone sustains an injury at your holiday home and decides to sue

-Loss of rent following a claim

Schofields http://www.schofields.ltd.uk/Policy_Details/Overseas/overseas.htm offer a comprehensive holiday home insurance policy, but a simple search on the internet will also list other French house insurers.

Have browse through the policy wordings to see what’s covered.

You could also visit your local home insurance broker in France to see what they offer. But it might be wise to get the policy translated if it is in French.

You mentioned “But cost is the most key decision maker”

If you choose by cost alone this could come back to haunt you if something you took for granted wasn’t covered. A saving of a few pounds could mean you are underinsured or out of pocket by thousands if you have a fire, flood etc.

Take the time to shop around and choose a policy that is designed for you.

Oh, and check they are FSA registered for peace of mind.

Hope this helps.

Has anyone had the wrong home insurance policy wrote up from allstate?

We purchased a home and had allstate insurance, we recently had a fire and now we are being told that we had the wrong policy and we are in a long drawn out process. We dont know if the policy will be covered or not yet. Allstate is dragging there feet. Even though it is the agents responsibility to take pics and view the home she did not. they told us that the agents are not actual employees of allstate. can anyone give us advice on what to do?

First of all, if the agent wrote up the application for you, it had to go through Allstate for approval and issuance of the policy. Even though their agents may be private contractors, that doesn't mean Allstate has no responsibility. There is a legal principle called "agency" in which liability for the actions of one person can be imputed (transferred) to another because the first person was doing something in behalf of the other. That is the relationship between Allstate and its agent. Allstate is not off the hook because its agent may have screwed up. I don't know what kind of policy you got that made it "wrong" but if you were led to believe you had coverage, it might boil down to the agent's errors and omissions liability insurance paying for your damages. In either case, someone needs to step up to the bar and take care of the loss. Allstate has a certain number of days, depending on the statutes of your state, to make a determination of coverage on this "coverage question". That period of time can range from 30 to 45 days.

I were you, I'd contact your state's insurance commission and file a complaint. I'd also send a letter to Allstate and your agent, putting them on notice that you expect a determination of which of them is going to take responsibility for paying for your loss and pointing out to the agent that if Allstate decides against coverage, you are looking to him for coverage of your damages, so he might want to contact his "professional liability insurer" (errors and omissions coverage). Good luck with this.

Not that it matters at this point, but what type of policy did you have and what type of policy should you have had?

Allstate considers their agents independent contractors. In essence, they are business owners of their own agency. The Agent is suppose to write the proper policy for each risk. If Allstate eventually denies the claim, your only recourse will be to sue both Allstate and the agent.

What has the current agent said regarding the situation? If the agent is not working with you to get the situation resolved, you might want to consider contacting an attorney.

Allstate agents work very similar to a franchise.

I would be patient. They will pay the claim eventually. Meanwhile, I would be throwing hints that you may be filing a complaint with the state insurance commission.

I would also be asking the agent, directly, who her errors and ommissions insurance is with...that covers her if she advises you incorrectly and Allstate refuses the claim. She is required by law to carry the insurance.

Hmm. Something's wrong here. If I had to GUESS (and I do, because you didn't put in the details), I'd say you bought a HOMEOWNERS policy on a house that isn't YOUR HOME. Or maybe it WAS your home when you bought it, and either you moved out and it was vacant, or decided to rent it out, or otherwise changed it, and DIDN'T TELL YOUR AGENT.

Agents are NOT employees . . . but their contract means they can REPRESENT the company, within pre-stated guidelines.

What to do? Well, you need to ask Allstate for something IN WRITING. You need to ask the adjuster this. And you need to call your agent, and tell them, hey, this thing needs to get resolved one way or the other, within 30 days. Sic your agent on this, especially if this is their error.

Obviously, if this isn't a house, (maybe it's a trailer?) there's going to be a problem, and if there was arson involved, you're not looking at a quick resolution. But if this is the AGENT'S ERROR, you are probably going to have to hire a lawyer, and sue the agent (hopefully, they had errors and ommissions coverage in place).

If you sell a house on land contract, who pays the home insurance?

Do I still have to carry the insurance on the home since the loan will still be under my name???

You should not have to carry insurance because the person purchasing the land contract has to have insurance with your lender on their policy as mortgagee in case of loss.

In most states it is the person whose name is on the deed or title that is the legal owner of the property and has the legal insurable interest in the property. Until your name is off the documents that indicate ownership, you would be the person who is ultimately responsible for keeping up the insurance payments. As long as you have some ownership in the property you need to keep up the insurance to protect yourself from a loss.

You will have to carry the homeowners insurance if you are paying a loan on it. Your renters will have to purchase renters insurance.

Who gets pounded if the house/dwelling gets damaged? he/she pays the insurance.

or

The person who is still paying the loan.

READ the contract

it's usually spelled out clearly

If you sell a house on land contract, who pays the home insurance?

Do I still have to carry the insurance on the home since the loan will still be under my name???

You should not have to carry insurance because the person purchasing the land contract has to have insurance with your lender on their policy as mortgagee in case of loss.

In most states it is the person whose name is on the deed or title that is the legal owner of the property and has the legal insurable interest in the property. Until your name is off the documents that indicate ownership, you would be the person who is ultimately responsible for keeping up the insurance payments. As long as you have some ownership in the property you need to keep up the insurance to protect yourself from a loss.

You will have to carry the homeowners insurance if you are paying a loan on it. Your renters will have to purchase renters insurance.

Who gets pounded if the house/dwelling gets damaged? he/she pays the insurance.

or

The person who is still paying the loan.

READ the contract

it's usually spelled out clearly

Which company offers the best value for home insurance policies in Massachusetts?

I recently bought a condo and live in Massachusetts, and I am researching home insurance quotes. Suggestions?

I would check out InsureMyHouse.com They list local agents by zip code.

ontact an independant insurance agent. Most have the ability to quote multiple companies.

Should I report my tenants on the home insurance policy?

I used to live in my house but now I am renting it out. Should I tell my home insurance company that I will no longer live there and tell them about the tenants?

RIGHT AWAY! you cannot have a homeowners policy if you the homeowner do not live in it. your policy needs to be rewritten as a landlord policy. this covers the dwelling (make sure you also keep liability on it). your tenants should then pick up a renters policy to cover their belongings. if you can find a company in your area that will write your property on a commercial package policy, it will keep your premium a lot lower. i have a company that does this and it actually gives them MORE coverages than a regular landlord policy for less premium.

YES. the minute u put renters in the house the insurance policy was void.

u need the correct insurance for a commercial property and plenty of it.

price around .

YES. You are essentially uninsured now because you have failed to inform your insurance company about your change in use of the house.

Yes, your premium should actually go down since it will no longer cover the contents of the home, just the home itself. The renter would get seperate renter's insurance to cover their possessions.

Yes, this will likely increase your premiums as some tennants can be nasty and cause damage, but you get extra coverage for that!

Yes. It is classified as non-owner occupied. They need to know before there is a claim, just in case

Well, YES, because one of the conditions of your homeowners policy is that the house is owner occupied.

They are going to tell you, you need a landlord policy - also called a dwelling fire policy. You're going to have to rewrite the policy.

You must inform the insurer of this. If you do then your policy is not worth the paper it is written on. Once a claim occurs the insurer will easily discover what the actual situation is in regards to the occupancy of the house. They will deny your claim and cancel your policy.

Are property taxes and home insurance included as part of mortgage debt?

NBC News said last night that debt should not exceed 38% of take home pay. Are property taxes and home insurance included as part of mortgage debt?

When it comes to qualifying for a mortgage loan every lender WILL include the taxes, insurance and mortgage insurance (if any) in the debt to income ratio. These other people are talking about the choice of whether or not you want the lender to escrow these payments and handle the yearly distribution or do it yourself.

Typically, no its not included. The 38% rule is for how much of your take home pay goes to payments for any long term debt. This includes car payments, credit card payments, student loans, or any other debt that is going to take a while to pay off.

I never believed those percentages anyway though. they're a nice rule of thumb for someone who doesn't even know where to start, but there are too many other variables to consider. The bottom line is that you need to decide how much you can afford. Look at what will be left each month after the payments and decide if you are willing to live on that amount. If you're willing to drive old cars, eat at home and shop at thrift stores, you can afford more for a house payment than if you insist on eating at gourmet restaurants, driving new cars, and wearing designer clothes.

NO! You can add that to your payment, but it is not included. It is nice to add it because you do not have to worry about ins. or taxes again. 38% sounds high. Just remember that they always say you can afford a more then you can pay! BEWARE

No but should be. Too many people apply for mortgages and yes they can stretch themselves to pay the loan. Then escrow is added to the monthly payment and the trouble begins since it could add as much as 1k to the monthly payment.

I would say no. The 38% NBC is referring to is the debt to income ratio which accounts for long term debt like car, credit cards, student loans etc.

What type of alarm system do I have for a home insurance quote?

Hi I'm completing some details to get a home insurance quote and need some help to identify the type of alarm system I have. It's an Accenta G3 system and I need to know if it is NUD, NACOSS or SSAIB approved?!

I have the operators manual but there is no mention of the above abbreviations.

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

It's NACOSS.

It is shown in the installers manual index as shown below.

Push to set zone

Any zone can be wired and configured as a Push

to Set input. This can be a standard door bell

push located outside the premises After starting

the exit timer the building is vacated. As the

switch is then momentaraily closed, a chime

tone is produced and the system Sets.

Sometimes referred to as ‘Terminate Set’ this

facility is mandatory for communicating

systems installed to NACOSS guidelines

You may try to google it,here http://www.InsuranceFreeTip.info/insurance-for-free.htm has some direct resource that might be helpful.

What is a good auto and home insurance?

I'm looking for a trust-worthy auto and home insurance. What are good companies?

autoinsurance.bebto.com - try this one. I personally have their car insurance, cause it is the cheapest for me in our area.

As an insurance agent I'm a little bias, so I'll just give you some facts:

State Farm and Allstate are by far the two largest companies in America. Between the two of them, they insure about 47% of the country, so they must be doing something right.

USAA and Amica have the highest customer loyalty. People who have these companies tend to stay with them and recommend them to others.

AAA (american automobile association) tends to have some decent prices on auto insurance. I'm not sure about homeowner's insurance though. Please note that geico auto insurance may not want to pay for medical claims if in an auto accident. My cousin had worked in medical billing (since laid off due to outsourcing of company to Asia/India which is all too common these days) and she'd mentioned that.

I am biased too. I think State Farm is the best. Ask your friends about their experiences with their insurance companies and any claims they have had.

Everyone has good and bad experiences though. Ask your friends about their insurance agents. You want an insurance agent that you can relate too also.

I've been with State Farm since I bought my home in 1982. I've had two car accidents in that time and getting my payout was no hassle, I had my check in a couple of days. I just received my homeowner bill for 2009 and got a great reduction for having no claims

Its easy to find the best companies in your area, it depends where you live but in this site just by submitting your zip code you can find the best offers in your area and get quotes in a few minutes

bestinsurance.notlong.com

American Family, have had them for years and wouldn't go anywhere else. They never cancel you if you have had accidents, although your rates will go up.

Under your circumstance,I suggest here http://www.InsuranceFreeTip.info/insurance-for-free.htm for you to have a visit.

Can you give me little advice to select the home insurance provider in Australia?

I'm not happy with my current home insurance coz they keep raise my monthly fee without notice. Can you suggest something smart?

sure can't. sorry

There are plenty of insurers in Australia: AAMI, GIO, Allianz, NRMA. Just google "home insurance" for a list and get a few online quotes. Chances are if you tell your current insurer you can get a cheaper deal they'll drop the premium to stay competitive!

Is this normal for home insurance?

I have AAA-California home insurance and we had an incident yesterday involving a squirrel and our fire suppression sprinkler lines. AAA says they only cover the damage caused (carpets, sheetrock, moisture, etc.) by the squirrel eating through the lines, but will not cover the cost of repairing the lines. Is this standard for all home insurance, or do I just have a crappy policy?

It is standard. I once had a toilet leak all downstairs and ruined the carpet, etc., They covered the damage, not the toilet!

It's common if the lines are outside lines.Insurance company's only cover what's inside the house.If the squirrel chewed wires in the house or under the house they are liable to replace them.Outside is another story however.

Must home insurance be in the name of joint owners?

My brother and I own a home as joint-tenants. Can we insure the home in my name only, rather than put both names on the policy? Or is his name required on the policy as co-owner?

My brother has a mental disability. We split the property taxes, but I'm willing to pay for home insurance, to save him some money. Thanks!

The first named insured on the policy MUST MUST MUST be living in the house. If he does NOT live in the house, in most states and with most companies, he can be listed as an additional named insured on the policy (sort of like a mortgagee), without being a named insured. If he LIVES in the house, and you do NOT, then HE will have to be the first named insured, or else the house is NOT OWNER OCCUPIED!!

Keep in mind, any claims that happen on that policy, with you as a co-insured, will follow YOU when you need to insure YOUR home. Also, as joint owners, EITHER or BOTH of you can be sued, for dog bites, or slip and fall claims (even if it's the mailman delivering mail!), or whatever. So you BOTH need to be listed as SOMETHING.

You need to sit down and talk to your agent to figure out how to set this up, in a way that covers you both, but works for everyone.

sure...the policy is insuring the home.

Hi Mauryb, You know,for any insurance contract, there must exist insurable interest means legal substance.So,you cannot insure your home in your name alone.Insurance company may not ask for legal documents at the commencement.They'll spring back into action after you lodge a claim in future.

U will probably have to put the home owners insurance in both of u alls name especially since u both own the property. the only way u might be able to get out of it is his disability talk to your insurance company and see what they say.

You will want both names on the policy so you will both be covered. Do you both live there? If so you both should be listed. If only one of you do that person can be the primary policy holder and the other person as a secondary. If neither of you do and you're renting it out you will need a landlord policy with both of you listed. It doesn't matter to the insurance company who pays the premium as long as it gets paid.

please try this

How would I claim on my home insurance?

I've got a bit of a problem with my shower at the moment - there is wooden panelling around the base of the shower which is getting damp probably due to a leak from the base. I've called a plumber out to take an initial look, apparently there's a strong possibility I'll need to get a completely new cubicle and tray installed, new tiling done & also to get the floorboards underneath treated. The plumber told me I may be able to claim some of this through my home insurance.

This is my first home & I've never had a big problem like this before - how do I go about seeing whether my insurance would pay out? And are there implications for my future monthly premium?

Thanks

You need to call your agent, as others have suggested.

BUT be VERY clear that you only want to discuss the issue up front. DO NOT turn in a claim until you've had a discussion, because, once a claim is turned in, you'll have it show up on your property loss history for the next five years, even if nothing is paid out.

While the insurance company won't be able to charge you claims points if nothing is paid out (and I'll get to that in a second), they can still use it as a basis to cancel your policy if you reported a second claim in the next three years. And at that point, high-risk (and high-premium) insurance is the only option you would have.

So, as I was saying, you need to talk to your agent about the situation. Be as detailed as possible before you decide whether or not to turn in the claim. In all liklihood, this claim would NOT be paid by your home insurance, though. Because homeowners policies aren't designed to be maintenance contracts; as a general rule, the covered claims are those that are sudden and accidental occurances. If the leak has been an ongoing problem underneath the shower and you've never addressed it, you'll be hard-pressed to get a claim paid out by the insurance company.

If, on the other hand, the damage happened suddenly, from a broken pipe, for instance, you would probably have coverage. (I say probably because different types of policies have different exclusions. For instance, most policies cover ONLY named perils, while some cover any peril that isn't specifically excluded.)

At any rate, you won't really know how to proceed until you talk to your agent. Just be sure that you do NOT call and say you want to turn in a claim -- that may come later, but you need to discuss the details first.

Best of luck!

Talk to your home insurance agent. The only way that your insurance will cover that is if you have a specific kind of insurance that covers home improvements (I can't remember the name right now). At any rate your insurance agent should be able to tell you if they can cover that or not.

I wouldn't do it. You should use home insurance only for the most extreme cases, like a fire or a tree falling through your roof. One or two claims and you might find your company dropping you as a bad risk, and then it's hard to get new coverage at a decent rate. It's sad, but true. I think that sort of behavior by insurance companies should be illegal.

You're most likely not covered unless you have home sheild.

You should call them. They are usually pretty helpful.

You will have to pay the excess (normally about 100 pounds) and it may have an effect on future premiums.

Home insurance works like car insurance, you get a discount for every year you don't claim.

Another one who doesn't know how their insurance policy works ...

Why dont' you just pick up the phone and phone them and tell them what's happened and see what would be covered?

Dont' you think that's the best way forward?

just call your insurance company they will be able to tell yo if yo are covered

Best way to see if your insurance would pay out is to read your policy. You can also call your broker/agent and ask them. Although I can guarantee that this claim will not be covered. While the damage was caused by water, how the water escaped is the key question. If the water escape was due to a leak over a period of time, then this is a maintenance issue and would not be covered. If a tree branch fell through your roof and broke a pipe, that would be an accidental loss and would be covered. Read your policy and see specifically what perils are covered with respect to water escape. All insurers are finicky about this particular peril and will be very specific in their policy wordings.

Phone your insurance company and explain the problem to them. They may send someone out to assess any damage and take it from there Depends on your policy whether you can make a claim and not affect future premiums

Call them up and ask.

I would however refrain from using the work "leak". Leak and leaking are maintenance issues. Insurance doesn't pay for lack of maintenance.

Anyone know any good home insurance company in the Houston, TX are for a good price?

Looking to get home insurance on new home. Looking for a good rate.

We use State Farm. I never have had a home claim but I know someone who did and they received excellent service. I've used them for car claims and they are very helpful.

Being from TX I can understand your concern about "price". But keep in mind that you get what you pay for. This is sooo true with Homeowner Insurance.

I would start with:

1. State Farm

2. Germania

3. USAA (if you qualify...they are #1 by a long shot)

~

You may pay a little less for companies like Allstate, Nationwide or Farmers...but I have seen their customers get underpaid for the claim time & time again. I would feel uncomfortable having them as my insurer. Good luck!

We use Allstate because we also get a slight discount for having our cars with them.

I doubt there's much cost difference in policy's only quality of service and if they'll be there for you when you need them. You won't know that until something happens.

Allstate has always been there for us, but I can find 10 people who will tell you they had Allstate and screwed them over.

Get an agent that will actually do more then sell you and evaporate. When you need red tape cut at the company a good agent is indispensable. We have one that takes care of us when the company drags their feet.

Nationwide is a good company. Used them for the last 10 years.

On average how much does home insurance cost?

Or if you could help me out further, how much would home insurance normally run on a $200,000 house?

There are several things that go into insurance cost, including how new your home is, how secure it is, how close it is to fire stations, etc. Basically, it's based upon the risk of your house getting destroyed or damaged.

It shouldn't be too much though. I'd guess a few hundred dollars a year.

hi check this link its good

http://insurancess.notlong.com

.

It's reasonable at only about $450. to $600 dollars per year.

Check with "The Travelers Insurance Group" they are great and they give you MORE discounts if you insure your vehicle with them as well.

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Check with Geico and AAA Club too!

Other good options...

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Have a great day and GOOD LUCK! :-)

Is it a good idea to put your home insurance into an escrow?

Some people are telling me yes and some people say that it's a bad idea because your mortgage company can make your insurance payment late. What do you think? I'm a first time home buyer so I'm so lost. Thanks.

Been doing it for 20 years with no problem.

An escrow actually provides you with a lower mortgage rate. Reason??? Because those monies are used in the interm, as an investment tool for that financial institution.

In theory, it would be better to pay your taxes and insurance outside of the mortgage payment. If you are disciplined enough to do so.

Otherwise, you are providing the financial institution a "interest free" loan for those monies throughout the year. Those monies would be better used in your hands to maintain debt, and other "surprises".

The fact that the mortgage company pays the insurance payment late is FALSE..... It could happen at times, but is VERY RARE.

I would have your mortgage professional give you a quote both ways. And use the information to determine which way seems more beneficial for you and your family. Keep in mind, there is going to be an interest rate difference.

And the PERSON THAT COMMENTED IF YOU ARE FINANCING MORE THAN 80%, YOU HAVE TO ESCROW THE TAXES AND INSURANCE. IS A COMPLETE MORON.....

It's probably a good example of why the mortgage industry is where it is today...... IMO people working the fry machine have no business within the financial world.....

Just my two cents.

Having the lender pay your real estate taxes and insurance allows you the extra benefit of not having to pay those fees in a lump sum once or twice a year. The 12 month payments are much easier to make. The lender is rarely late in making the payments to the insurance company. Don't worry about it. Most lenders require it, anyway.

If you have a mortgage an escrow for both insurance and taxes are a good idea. They won't be paid late. The bills are either sent directly to your mortgage holder or to you. If you receive them you just forward them to your mortgage holder. Having an escrow account means you don't have to worry about where the cash will come from when it's time to pay these expenses.

Yes, especially if you are not good at saving for big expenditures like taxes and insurance.

The downside is that the lender gets to keep your money interest free for all that time. But many people don't want to shell out tax money 6 weeks before Christmas.

It is very rare that the lender will pay your insurance or taxes late.

It is generally up to the mortgage company requires in escrow. They pay on time it to their advantage to do so

look unless you are below 80% of the purchase price in a loan then you have no choice but to escrow taxes and home owners

I am a mortgage banker in TN & KY

How much does home insurance typically cost a month in Bridgeport CT?

In the market to purchase new home, wondering how much it will cost monthly for insurance.

Thanks for your help.

No one can answer this question. I would think that it would be the same as any where else. Insurance is usually based on flood zones, age of home, furnace, brick or siding. How close it is to a fire hydrant. Maybe city or suburb. There are a few types. Replacement insurance which costs more but replaces the whole home and insurance just to cover the cost of the mortgage. All are base on the value of the house.

How much is home insurance per year in South Florida ?

Were purchasing a home around 300,000 how much is insurance yearly ? Anyone pay around this much ?

It doesn't work that way. It's ALSO based on the age of the house, YOUR CREDIT SCORE, the claims history of both you and the house, etc.

And the bad news is, there isn't any competition for homeowners insurance in FL - you're GOING to end up with the state fund, Citizens. The HOMEOWNERS part of it will cost you about $3,000 a year. The FLOOD insurance part will likely cost you about $1500 - but the MOST flood coverage you can get is $250,000, so you'll be needing to put at least $50,000 down on the house or you won't be able to get the mortgage. Then the WIND coverage is probably going to run you about $5,000.

Total insurance cost . . . budget $10,000, and you should be slightly under.

Its going to be more than you expect Mine is $1800 a year

for a 2 bedroom condo, 10 blocks in from the beach in

Broward county. Get quotes before you commit & keep

in mind that many of the major insurers like Allstate & State

Farm no longer write homeowner policies in the state.

Citizens is an insurer of last resort only, which means, they

will only accept you if NO other company will take you.

Footnote: As expensive as insurance is, l was very glad

l had it when Huricaine Wilma tore the roof off my building.

It depends entirely on where in South Florida you live (i.e. close to the water is more), whether you have a gable vs. other sort of roof, what year your house was built in (which tells us which code was applied to your house when it was constructed. THose built after 1992 have tougher building standards post hurricane Andrew) and the size of your house and whether it has one story or two and if you have hurricane shutters. Your insurance could be a couple thousand dollars to $6,000 - $8,000 depending on your answer to these many questions.

How do u get insurance on a 2nd home/ vac property?

We are in escrow buying a 2nd home (vac property) and are having a hard time trying to figure out what type of home insurance we need to get. Our current company is saying we need commerical insurance if we are going to rent it out. Whats the difference between them? We arent sure if we will rent it out. Help...?

Why don't you get a standard policy now. If you do decide to rent it out in the future, you can revisit the issue with your agent then.

What is an Average Home insurance rate of a 2 story house?

4.5 baths

5 beds

3000 sq feet

finished basement

3 decks

1 fenced in gorund pool

Please, just and average for 1 month home insurace.

No super valuables or anything. (It's for a project) I just can't find anything that won't just give me a chart or some thing. In class we had to make up an imaginary house and get all this different stuff for it. I've found everything,but home insurance rate without having to put in my personal info.

It doesn't work that way. Rates are HEAVILY based on your credit score, and the cost to rebuild the home. You also need to know how old the house is. You can't buy homeowners insurance for one month at a time. If you're doing a budget for a school project, figure $2500 a year for insurance, but that's a WAG (wild a** guess). Figure property taxes at 3 - 4 times that, for your school project.

you can check online

This is highly dependent on the area...for example, hurricane- or flood-prone areas have very high premiums, and some insurance cos. won't even take you. If your imaginary home is not at risk for those types of things, i would estimate on average about $1,000 per year, but that's largely a guess.

Just go to www.Allstate.com and use the get a quote function.

The insurance on the home is going to be based upon:

-Replacement cost to build it

-Claim history

-Applicable discounts (burglar alarm, smoke detectors, etc)

-Insurance and Financial Stability score (not usually done in online quotes)

-Where the home is located (is it on the beach in a hurricane prone area? or middle of Kansas?)

-Protection Class (based on proximity and quality of the neareby fire depts.)

well,the fact theat the pool is fenced does make it a little cheaper but,you will get a little bit of abite for having one.3000 is a mid sized house so that might pump it up a little bit.You said basic so

if it has a garage that may effect it try go to state farms web site.

Homeowners Policies generally are written for a period of one year and renewed at that interval. However you can pay most likely on a monthly basis.

Rating a homeowners policy ( or dwelling policy) generates many different questions before a rate can be generated.

This home is 2-story - 5 bedrooms- 4.5 baths with a pool and finished basement. The criteria used would be as follows..

Where is the home located? If it is situated in city limits..lets say a city the size of Minneapolis then the fire rate would be less than a house a rural area 20 miles from the nearest fire dept. Home rates are based on territory of nearest responding fire department.

Another question is how old the home is. Todays costs of construction is greater to build a home than 10-15 years ago. We need the age.

Also is it a brick home? or frame. Rates need the construction class. Obviously the rate would be cheaper if it was brick vs. frame (stick build construction(.

Insurance rates are debited or credited on what surround or what is in the home. In this case you have a pool. The rate would be surcharged. also, if you have a certain kind of dog ( shephard, dobberman etc) for the liability coverage.

The occupants credit rating now days is another factor insurance companies look at to determine qualification and rating. If the homeowner has a credit score of 800 then the rate would be better than a homeowners with a score of 550.

This is do to the payment and financial stability perspective.

These are a few of the main questions to determine rates for homes. I can not properly give a home rate ( estimate) with out at least these answers.

oh my goodness... what a fuss.. we got calls like this all the time from the local HS.. Call your parents ins agent.... tell them what is going on.. ask for a favor.. it will take them minutes to plug in the numbers.. they will give you an annual price.

divide by 12.

good luck! drop off a box of donuts

Where do you find singlewide mobile home insurance companies?

I need to find an insurance company to cover my 1989 mobile home trailor.It is located on my own property.

Home insurance covers lots of different things. I'm not familiar with all the fine print of my home policy, but my homeowners insurance agent is always a phone call away. Try calling your agent or a agent in your town. http://www.usinsuranceadvisor.com/Home-Insurance.html They will be able to help you.

One of the companies that we use to insure mobile homes with that are over 15 years old is Progressive.

You can do a search for Progressive and then do a local insurance search on their site to find a local agent that represents them.

try a local independent agent. they typically represent a number of companies and can find you the best carrier. foremost is the most common carrier to insurance mobile homes however they are not the only one. good luck.

Ah, see, that's 20 years old. You're going to have a pretty hard time, as it's practically not worth anything at this age.

Try www.foremost.com - if they won't do it, because of age, no one will. You can't insure something, that's not worth anything, that's what the problem is.

Foremost is the only one I know. They no longer write in FL. Don't know about SC.

If you are over 50 you may have options through AARP.

www.tr4l3rp4rkforl1f3cuz.com

a local agent can help you. foremost & american modern are a couple we write for and they write through out the US

Where do you find singlewide mobile home insurance companies?

I need to find an insurance company to cover my 1989 mobile home trailor.It is located on my own property.

Home insurance covers lots of different things. I'm not familiar with all the fine print of my home policy, but my homeowners insurance agent is always a phone call away. Try calling your agent or a agent in your town. http://www.usinsuranceadvisor.com/Home-Insurance.html They will be able to help you.

One of the companies that we use to insure mobile homes with that are over 15 years old is Progressive.

You can do a search for Progressive and then do a local insurance search on their site to find a local agent that represents them.

try a local independent agent. they typically represent a number of companies and can find you the best carrier. foremost is the most common carrier to insurance mobile homes however they are not the only one. good luck.

Ah, see, that's 20 years old. You're going to have a pretty hard time, as it's practically not worth anything at this age.

Try www.foremost.com - if they won't do it, because of age, no one will. You can't insure something, that's not worth anything, that's what the problem is.

Foremost is the only one I know. They no longer write in FL. Don't know about SC.

If you are over 50 you may have options through AARP.

www.tr4l3rp4rkforl1f3cuz.com

a local agent can help you. foremost & american modern are a couple we write for and they write through out the US

What is the best home insurance?

I am looking to get a home insurance for the flat that I am planning to buy soon. Do you know a good home insurances that I could get?

How much would it cost me to insure my flat and the content?

Are there any issues that I should be aware with home insurances?

The 'best' home insurance depends on what you consider best.

It could be price, customer service or the depth of cover.

Make sure you read the policy descriptions thoroughly and make sure it covers you for the types of emergency/problems you feel you need.

The Hiscox policy is the best but dearest in the UK. If you want cheap go to Tesco they're as good as any. Main factors affecting price are crime, subsidence and flood risk in your area.

Dafni C, Home insurance covers lots of different things. I'm not familiar with all the details of my policy, but my homeowners insurance agent is always a phone call away. Try visting your agent or a homeowners agent in your town. http://www.easyhomeinsuranceguide.com They should be able to assist you.

No one can quote you a price without knowing what state your in.

Also, many other factors would be needed like how many square feet is your home.

Make sure you have a full homeowners insurance policy, like dwelling, contents, liability, ect.

http://www.moneysavingexpert.com/insurance/home-insurance

Contact a decent broker.

What is the best home insurance?

I am looking to get a home insurance for the flat that I am planning to buy soon. Do you know a good home insurances that I could get?

How much would it cost me to insure my flat and the content?

Are there any issues that I should be aware with home insurances?

The 'best' home insurance depends on what you consider best.

It could be price, customer service or the depth of cover.

Make sure you read the policy descriptions thoroughly and make sure it covers you for the types of emergency/problems you feel you need.

The Hiscox policy is the best but dearest in the UK. If you want cheap go to Tesco they're as good as any. Main factors affecting price are crime, subsidence and flood risk in your area.

Dafni C, Home insurance covers lots of different things. I'm not familiar with all the details of my policy, but my homeowners insurance agent is always a phone call away. Try visting your agent or a homeowners agent in your town. http://www.easyhomeinsuranceguide.com They should be able to assist you.

No one can quote you a price without knowing what state your in.

Also, many other factors would be needed like how many square feet is your home.

Make sure you have a full homeowners insurance policy, like dwelling, contents, liability, ect.

http://www.moneysavingexpert.com/insurance/home-insurance

Contact a decent broker.

How does a home security system affect your insurance rates?

Any advice, negative or positive, would be nice.

We're considering it, and we're meeting with the guy who would put it in tomorrow.

How much did you pay?

Is it worth it?

How was your home insurance affected?

I don't know what things are like where you live, however here (Vancouver, BC, Canada) most insurance companies give up to 20% off depending on the protection you have. The better the system the less risk of loss hense lower rates.

Things which can effect your discount are whether all the windows and doors are contacted, motion detectors, pre-entry protection (Glassbreaks) and of course smoke detectors and sometimes you may get an even higher discount if you have line cut protection. You really should be contacting your insurance company for the specifics.

Many insurance companies will not give you a discount if the system is not monitored, some will. The thing is, an alarm system is about more than just the insurance discount, if you do not see the value of a security system, the peace of mind and freedom it can provide, then maybe you should consider window bars.

As for what a system should cost, well that all depends on the scope of protection, the size of your home and the difficulty of the installation. I would highly recommend staying away from a wireless system. If the sales person tries to tell you they are better than hardwire.... chase him / her out of the house... just my professional opinion. A good hardwired system should range around $ 1,200 upwards. If you have a really small house then you may be able to get it for around $ 900 but that is pretty small. An apartment might be around 350 to 500.

I have written a number of articles on security, both electronic and physical. You can find them on my website at http://www.keepsafesystems.ca. You would probably be interested in Protection 101, false alarm info and one on the truth about wireless security (It is in the archive)

Good luck, whatever you do, do not let the sales person talk you into something you do not feel comfortable with.

In general, you get about a 5% discount for having a monitored system. It doesn't pay for the system, but the reduced premium helps pay for it. And doesn't it the piece of mind make it worth it.

Most insurance companies offer a discount for MONITORED alarm systems... Wether or not it is worth is something you have to decide based on your need for it and how much you pay for the system + insurance vs insurance alone. I personally believe that your home and your family is your investment and you can put no cost on your familys saftey so IT IS WORTH IT!!

It gives you a discount, which varies from company to company and state to state. It can be anywhere from 5% to 20%. The central station monitored alarm saves you the most on your insurance.

Cost is going to vary wildly by location, and service company.

How much is home insurance for a log cabin in North Georgia?

I'm interested in purchashing a log cabin in the North Georgia mountains. How much would home insurance cost if the home is approximately $160,000?

Found this info

"Homeowner's insurance is no more expensive for a log home than for any other type of wood or wood framed home (that includes brick homes)."

I guess to be sure, you could call a company?

twenty a month

Oh, thousands and thousands, IF you can find someone willing to do it at all.

Most companies won't insure log cabins. Many don't want extremely rural properties (lack of fire protection). Part time residences, well, companies don't like to write them stand alone.

Ask the current owner how much he pays, and who it's with - then call them, and ask them if you were to buy it, would they write you a policy, and how much would it cost.

How much is home insurance for a log cabin in North Georgia?

I'm interested in purchashing a log cabin in the North Georgia mountains. How much would home insurance cost if the home is approximately $160,000?

Found this info

"Homeowner's insurance is no more expensive for a log home than for any other type of wood or wood framed home (that includes brick homes)."

I guess to be sure, you could call a company?

twenty a month

Oh, thousands and thousands, IF you can find someone willing to do it at all.

Most companies won't insure log cabins. Many don't want extremely rural properties (lack of fire protection). Part time residences, well, companies don't like to write them stand alone.

Ask the current owner how much he pays, and who it's with - then call them, and ask them if you were to buy it, would they write you a policy, and how much would it cost.

How much is home insurance for a log cabin in North Georgia?

I'm interested in purchashing a log cabin in the North Georgia mountains. How much would home insurance cost if the home is approximately $160,000?

Found this info

"Homeowner's insurance is no more expensive for a log home than for any other type of wood or wood framed home (that includes brick homes)."

I guess to be sure, you could call a company?

twenty a month

Oh, thousands and thousands, IF you can find someone willing to do it at all.

Most companies won't insure log cabins. Many don't want extremely rural properties (lack of fire protection). Part time residences, well, companies don't like to write them stand alone.

Ask the current owner how much he pays, and who it's with - then call them, and ask them if you were to buy it, would they write you a policy, and how much would it cost.

How much is home insurance for a log cabin in North Georgia?

I'm interested in purchashing a log cabin in the North Georgia mountains. How much would home insurance cost if the home is approximately $160,000?

Found this info

"Homeowner's insurance is no more expensive for a log home than for any other type of wood or wood framed home (that includes brick homes)."

I guess to be sure, you could call a company?

twenty a month

Oh, thousands and thousands, IF you can find someone willing to do it at all.

Most companies won't insure log cabins. Many don't want extremely rural properties (lack of fire protection). Part time residences, well, companies don't like to write them stand alone.

Ask the current owner how much he pays, and who it's with - then call them, and ask them if you were to buy it, would they write you a policy, and how much would it cost.

What would a typical home insurance payment be on a home valued at $60,000?

My wife and I are looking to buy a home, but we want to find out what a typical home insurance payment looks like.

Your homeowners insurance premium is going to be based on a wide variety of factors. Among the factors the location, including protection class which factors in how far the house is from the nearest fire department and fire hydrants, how far the house is from a body of water, construction materials of the house, i.e. whether it is masonry or frame, the age of the home, if it is under 10 years old it usually gets a discount, if it is over 40 years the company will be looking at whether it has been updated (some companies will give discounts if it has been completely updated) safety features such as sprinklers, central station alarm, etc., your history of prior property claims, prior claims at that specific home (contained in a CLUE report), a multi-policy discount if you have automobile insurance with the same company, a senior citizen discount if you are over 65 and where allowed your credit score are all factors that could cause wide variations in homeowners insurance premium.

Also the most important point--your homeowners insurance premium is going to be based on the replacement value (what it would cost to re-construct the home if it were a total loss) not your purchase price. Lastly the low value of the home does not in and of itself mean that it is a high risk home or that it is much more likely to have claims filed--the CONDITION of the home its proximity or location in a risk zone in terms of weather--near water, high wind area, brush fire zone, etc. are what would make the home a high risk.

Good Luck on purchasing your first home.

Around 600 dollars per year.

Why do people ask questions and then not give enough information to provide an answer... it's like they think it's all the same everywhere.

WHERE is the house.? Insurance rates vary by as much as 100 PERCENT or more depending on the area

A $60,000 homeowners policy could be as little as $500 a year in some places to 10 PERCENT of the value of the home in some places in Florida.

It depends on too many factors for me to tell you.

Insurance on a house in NC is much cheaper than insurance on a home in Fla or La.

The insurance company will look at: 1. your insurance score (ie- credit score), 2. claims history, 3. do you have other policies with them -such as auto ins -(mulit policy discount). 4. age of structure, 5. type of structure, 5. type of construction, 6. condition, 7. location, 8. proximity to fire department, 9. type of fire protection (manned station or unmanned volunteer).

Your best bet is to contact the agent that has your auto insurance and see if they can give you a ball park guess. Keep in mind - it will be just that a guess. If you know the details on the home you want to buy, they may be able to give you a better estimate.

Well, most companies aren't going to write a policy for a house for $60,000 - it's high risk. Low value homes are MUCH more likely to have claims filed.

Because of that, depending on updates and your credit score and the area and a buncha other things, you'd better budget between $500 and $800 a year for the insurance. Assuming you're not in Florida, TX or LA, and don't need flood.

Need to know where this is. Location can be huge on your insurance premium, also the age of home as well.

Will home insurance cover tree roots causing water to enter my basement?

I live in montana, and tree roots have grown under my foundation and drawn up ground water, created a path for the water to follow, and separated my foundation from my footing allowing water to enter my basement. Will any home owner's insurance cover this type of damage or repair? It is a city tree, would they be liable? Thank you.

No, for several reasons:

1. Tree roots are a maintenance issue.

2. Foundation damage is specifically excluded on the standard policy, except by fire

3. Water damage, from water seeping/leaking into the basement, is considered flood, and also excluded on the homeowners policy.

The city isn't liable. Any part of the tree on YOUR property, is YOUR responsibility - including the roots.

Sorry, you'll have to get this done on your own.

Your situation is a covered Insurance Claim under you homeowners policy. Remember "If it is not excluded it is always included as far as coverage goes" I can assure you that your policy or contract with your carrier makes no reference to a tree root exclusion. If they deny go to their underwriters. http://answers.yahoo.com/question/accuse_write?qid=20071123031930AAgxjLP&kid=BpMtUnXlKXWqOLKhGdJ2&s=comm&date=2008-08-04+20%3A35%3A58&.crumb=

Normally insurance covers damage that occurs suddenly, such as a tree falling on your house in a windstorm. Damage that occurs gradually over time is usually not covered on the assumption that it could have been prevented. However, you should check with your insurance company.

The city may be liable if it is their tree, and then again they may not be. They may claim that you should have notified them of the problem before it became so serious. check with the city and ask. Good luck.

Ask them

I am a s/w engg working in INSURANCE, so can mere help you knowing how the policies are designed...

The scenerio a pretty different, but interesting..And it depends on the insurance taken by you. Check the insurance policy.

Home insurance is of many types..

say,

Insurance against theft, insurance against earth quake, insurance against damage..etc...

And all these factors directly effect the PREMIUM you pay...

The higher the premium greater is the damage covered...

so your insurance policy is the best possible document which can help you out.

Why do people get refused home insurance?

Whenever you get a home insurance quote it asks you if you have ever been refused insurance. Why would that happen? And if it does, does it count against you for the rest of your life? Are there any insurers willing to insure such people?

Bad credit rating, or living in a dodgy area maybe?

High risk,excessive or fraudulent claims.

Insurers refuse people who are high risk or in high risk areas. They may also refuse people who have claimed excessively or been found guilty of dishonesty/theft. It could well be something that stays with you if you do not move to a safer/better area

if your house is in a flood zone where floods happen offten(as it will cost them money) or in a known tornatdo zone, and so on, yer their are companys for insuring them, but they cost more!

depends what area you live in, if its prone to floods etc

It can also depend on what pets you have if any

For example i own a Siberian husky who are prone to destructive behaviour, so getting home insurance for me was a nightmare!

companies have a list of "acceptable" risks. if your home is located in a flood zone, bad neighborhood, you have the wrong breed of dog, have a trampoline..etc they reserve the right to say no to you. but there are companies out there that will insure you. it may not be cheap depending on what kind of "risk" you have. your state web page has a list of property and casualty insurers that are active for business in your state.

Insurance companies are in the business of making money. They are not a non profit organization. If a person has sued an insurance company or made a lot of claims they would most likely be refused home owner insurance. But there are always alternatives its just that they cost more.

some companies will refuse to insure a home that is heated by wood alone or coal because these heating systems are high risk if not used properly. Usually if an oil or electric system is put in the dwelling then they can be insured.

some ppl do the dirt on insurance companies like claiming all the time so other insurancies dont want to fall for it too but i do believe there are other insurancies out there that would insure ur homes and other things

See all those people in those floods last month ?

The ones making expensive claims will be refused next time round.

There are may be any problem.

There are two aspects of insurance: physical hazard and moral hazard.

Physical Hazard - you live in an area that the insurance company won't cover per se - e.g. an inner city area without adequate security, a flood plain or the house is a non-standard construction e.g. thatch roof that again the insurance company won't cover. There is not much of a problem if an insurer won't cover you because of those factors as other's will.

Moral Hazard - This could include previous criminal convictions, fraudulent claims, certain occupations. Anything involving moral turpitude would involve a specialist insurance broker but cover is available.

Claims: A poor claims history with no evidence of trying to reduce future exposure is also a problem.

In theory you would have to disclose the fact that insurance has been refused for ever (worse than criminal convictions - at least under the rehabilitation of offenders act certain convictions are spent after a time).

As you may expect having had an insurance policy cancelled is worse than having had insurance refused iff the only reason why the insurance was refused was standard underwriting criteria.

You won't be able to get quotes online if you have had insurance refused but a local insurance broker should be able to fit you up. If you contact BIBA (their organisation) they can put you in touch with a local firm.

maybe its because they have made a fraudulent claim.

Sometimes people get refused if they were formally asked to leave their previous home because of offensive sexual escapades that disturbed the neighbors too frequently.

It happened to me. We used to have gang bangs and love trains at the house but the neighbors asked us to leave.

We tried to be nice and invited them, but I guess they were too good for us. They weren't even that sexy.

So we left and when we tried to buy another home, the insurance company told us that we had been blacklisted for "extreme freakiness."

How much do you pay for your home insurance?

There are so many types of home insurance that I'm confused. Could you roughly estimate how much you should pay if you have a house in Dartford, 3 bedrooms, semi-detached in a good area? The house is in very good conditions according to the survey.

Its all about the goods in your house such as your television etc..

if you want a rough idea just add up the things you would like insured at their value, good luck x

i think i must pay 1750 dollars

It's all about your postcode. All the major insurers will give roughly the same quote (assuming the same level of cover) as the underwriters decide on risk based on postcodes.

Go to the Moneysupermarket.com website and put in your details. I got mine really cheap from Barclays.

it has nothing to do with the goods in your house. they usually only insure the house for the price you purchased it at. just call around and get quotes. simple as that. i pay around 500 a year. but i live in RURAL North Carolina, 2400 sq foot house.

when arranging insurance the market value of the house is not the important factor.

You are concerned with the re- instatement cost of the work including additional expenses following a complete loss.

Speak to a Broker .

Nope, can't do it. If you're not in CA, your credit score counts a lot. It also matters when the house was updated, how far it is from a fire hydrant, how old it is, what it's made of, and how much it would cost to rebuild.

Oh, did I mention dogs? Other personal hazards such as dogs play into it.

It depends how much cover you need and whether you want accidental damage cover or not

try www.moneysupermarket.com for price comparrison

I have contents cover at £200 a year, just incase i get robbed. :)

The easiest way to become unconfused is to pop in and see a local insurance broker.

Can a home insurance company increase the amount of insurance on your house without your request?

Of course when the amount of insurance in increased, the insurance premium also increases. I have only $125,000 left on the mortgage and insurance company has increased the insurance to cover a value of $305,000. Real estate value of the home is $450,000. My credit rating is excellent and I have not had any insurance claims

Yes. Part of the policy condition is that you insure the home to either 80%, 90%, or 100% of the replacement value, on a standard HO3 Homeowners form. So, if you want the type of policy that is NOT a replacement policy, you'll have to get a whole different kind of policy.

Of course, a FLAT RATE policy costs about ten times as much as a standard policy.

Real estate value, or market value, has NOTHING to do with the cost to rebuild. If the house burns to the ground, the insurance company does NOT have an option to "buy" it from you for the face amount - they are required to rebuild.

So, you can do it your way, and pay a way, way, way lot of money for a small amount of coverage, or you can do it the insurance company's way, and insure to full replacement value, for less money.

Or, what most people like you prefer to do, is just get a personal loan for the balance of the mortgage, so you can pay off the mortgage, and not insure the house at all.

DO THE MATH. Assuming you're in a 28% tax bracket, you're paying the mortgage company $1 so you can save $.28 on taxes . . . so if you pay off the mortgage, you're NOT saving the $.28, but NOT paying the $1 . .. so you have $.72 MORE than you did with a mortgage. http://answers.yahoo.com/question/accuse_write?qid=20070125130602AAy47Zz&kid=Ec19WWe4U2RZCU5xwFLAda4tVLz4lY8Y4mGjrVXduZIrKyNQpnuf&s=comm&date=2007-01-29+20%3A00%3A02&.crumb=

You should be glad that they have done this for you. You should have your property insured for its full value.

The $125,000 is what the insurance will pay the bank in the event that something happen. With the change the insurance will still pay the bank and the balance shall be paid to you. This $180,000 would let you rebuild the house without having to start over again.

I know the payments are hard to take, but the cost of rent is worse.

Mbrcatz17 is so right! HO-3 polices aren't to pay off your mortgage, but to rebuild your home and this is why companies increase the coverage. Sometimes, however, it can be increased way too much and it can be negotiated. This is why you need an agent. CALL YOUR AGENT!

Yes, especially if your policy is "replacement value" since the cost to replace your home has gone up along with both the overall housing market and the cost of raw materials/labor to rebuild. Don't forget your assets in the house (i.e. furniture, clothing valuebles - these have value in your policy as well)

Yes, you may owe only $125K on the house, but what would happen if your home was destroyed (by a covered loss)? Would you only want to pay off the mortgage? I think not, I would guess that you would want to rebuild and re-stock furniture/belongings.

Since your 'real-esate' value is so far above your insured value, you may actually be under insured!

Home insurance is not based on what is left on your mortgage. They go on how much it would cost to replace your home in todays market. Most companies have a 5-10% inflation where it will automatically increase to that amount without your concent. If you have $X left on your mortgage, you can request insurance for that amount alone, but there's no guaranteed replacement on the home and they will envoke and co-insurance pentalty. I don't know why you wouldn't want to insurance your house to full value. It's best to call your company and ask for options. Try a higher deductible if the premium is too high for you :)

Yes, they can. If they inspect your property and find you are under insured they have the right to increase your limit to the true replacement cost of the building.

Also, many companies build in an inflation guard. So, when you renew you will see a higher premium, but this is because the coverage has increased, as well.

btw, there is little correlation between market value and replacement cost.

This is probably to cover you in case of a loss (sounds prudent to me)

If you were to have a fire, you would want to have the house rebuilt and it would cost more than the $125K mortgage. Usually you insure the value of the house (minus the land value) and 2/3 of the value for contents.

You can always increase the deductible if your concern is lower premiums but in the event of a fire or break-in you would be responsible to pay the first (example: $500 instead of the first $250

Home Values are increasing (along with the salaries of builders or repairs) so the higher cost may be prudent. Possibly the insurance co. should have given you advanced notice but on the other side of the coin if you had a fire and it would cost $450K to rebuild and found out you were only going to receive $350K you'd probably be more upset with your insurer.

Shop around but also compare each companies level of service or if anyone has ever had a problem with a claim. Sometimes that's more imporatnt then the added cost

It is called inflation guard. They increase the coverage of your dwelling every year to keep up with rising labor and materials cost. It has nothing to do with claims or credit.

Also insurance is used to rebuild your home from the ground up, to indemnify you in case of a loss. It will not pay off your mortgage, nor does have to be anywhere close to what the market value of the home is.

Yes, it can be done.

If you live in the state of Florida the insurance companies can increase without your OK and cancel you for no reason. If someone wants to sell their house they will run into a real problem because of the insurance rates right now. The insurance companies are rich and getting richer while people are losing their homes because of this. I personally don't own a home but my daughter has been trying to sell her house for 4 months now and dropped the price twice and still no takers..in Feb, if the house isn't sold she has to start paying vacant house insurance that cost 3x the amount of regular insurance. My sister and her husband's house insurance jumped $4000 and they have only had one claim in 30 yrs. Its real bad.

How much is your home insurance premium in Toronto east neighborhood?

Please give me an idea of your home insurance premiums if you live in a neighborhood in Toronto East. For example, I was quoted $1,046/year by a company for a semi-detached home. I'd like to do a really loose comparison.

thats too expensive. forget about land, think about how much it cost to rebuild your house probably $200k and insured to that amount. don't ask for quotation, go to allstate and tell them what you want.

What kind of lawyer do I need that specializes home insurance policies?

My home got flooded. Insurance denied the claim but I believe I still have a case. What kind of lawyer would I need that specializes in home insurance policies to see if I really do have a case?

You need to be much more specific because water damage may be covered in certain circumstances but flood damage is not covered in any circumstance.

In the USA no homeowners policy will cover damage due to a flood. Flood damage is specifically excluded. Coverage for flood would have to be purchased through the National Flood Insurance Program (NFIP).

Well, you need a civil lawyer.

If the water was from OUTSIDE the house, coming in, that's FLOOD. NO homeowners policy covers flood.

If your house was vacant or unoccupied, and the water came from a burst pipe inside the house because you shut the heat off, THAT is ALSO specifically excluded.

I have no idea what you think your case is, but the denial from the insurance company should have the reason clearly spelled out in it - AND, it should reference the policy section. Having an excuse WHY your house was vacant or unoccupied, is NOT a case.

But any civil attorney should be able to give you a one hour free consult, and tell you if you REALLY have a case. Here's a good hint - if they aren't willing to take it on a no-win/no-fee basis, you do NOT have a good case.

Just an FYI, if you can afford the repairs do them yourself. A water damage claim will put a mark on your record for a long time to come. Not only will some carriers refuse to carry your policy, but the current carrier you're with will surely increase your rates and you'll end up paying more in increased rates over time than the repairs were.

My experience is home insurance should be carried with a very high deductible and used in major situations you can't otherwise afford. Lesser claims will just increase your rate (or rather keep it from decreasing) and cost you more in the long run. ESPECIALLY water damage claims.

A pipe burst is not a flood. Why did they deny your claim. You might want to post that info to get more help.

Call the Department of Insurance in your state. The link below will give you the phone number to the Department of Insurance in your state. You can file a complaint with them.

No attorney is needed, just file the complaint. They will investigate and tell you if your right or wrong.

Try your state insurance commissioner first. Your "case" depends on the source of the flooding. Homeowner's insurance does not cover flood damage due to natural events. You need federal flood insurance for that. If the "flood" was due to a plumbing problem, homeowner's insurance should cover it.

Contact your local bar association for a referral to attorneys who specialize in insurance coverage disputes.

But, I'm curious as to why you believe you have a valid case. Insurance is a standard contract. Is the type of loss explicitly excluded from your policy?

How are home insurance rates in hawaii?

I'd like to buy close to the water (would be impacted by hurricanes). FLA is ridiculous now-cant get insurance near the water for entire home value. Thought Hwi might be better since they dont get hit so much.

Insurance here is pretty high, but then again, everything is. You HAVE to buy hurricane insurance (can't think of a number off the top of my head).

The islands are so small that it doesn't matter where you are, the hurricanes will affect you no matter what. We've only had 2 hit as hurricanes since the 60's.

Well, they have the whole volcano thing going on. Plus, Hawaii has incredibly high property values, so you're looking at much higher limits.

Bottom line, although the actual RATE might be lower, the DOLLAR amount is likely to be almost as high, and the houses are going to cost you WAY more. Just check out the values, at www.realtor.com.

How much should I expect to spend on home insurance?

I am planning a home purchase and I want to budget my monthly payment. In the area where I live, I expect to pay approx 650K for a 3bed, 2 bath home. When I calculate my monthly payment, I want to know the Home Insurance component as well as Property Tax for Fremont, CA if possible.

about 1,800 yearly. have it impounded with escro and it wont hurt a bit. i pay 1,600. 530k home in hayward. congrats on the purchase. state farm was a good bet.

call 3 insurance agents. If you use the same insurance co you have car insur with, you might get a discount - I did

Who pays for the home insurance when you are owner financing it? Also in the state of Texas what insurance c?

Who pays for the home insurance when you are owner financing it? The seller or the buyer? Also in the state of Texas what insurance companies provide mobile home insurance?

Who's name is on the title, at the registrar of deeds? Until the title is passed to the buyer, the house is just a RENTAL, and needs to be insured that way. If this is a land contract, the SELLER should keep the policy to 1. make sure it gets paid and 2. make sure they have coverage in place, should the contract revert to rental. The buyer should THEN carry a renters insurance policy.

If the deed is being transferred immediately, then the BUYER gets the policy. Then the seller just has to hope that the policy gets paid.

Most of the time, owner financing is more hassle than it's worth. If the person isn't credit worthy enough to secure a mortgage on their own, they're most likely going to default on YOUR mortgage, also. Then, depending on the condition of the property, you're left with something basically unsellable.

For mobile home insurance, find an agent that represents Foremost INsurance - www.foremost.com. If the home is more than 20 years old, it's uninsurable. After 20 years, they depreciate to nothing.

The buyer pays to insure the property. Make sure that you as the beneficiary is also named as "additional insured" (lien holder-first mortgagee) on the policy. Also make sure that the coverage is at least high enough to cover the amount that is owed you in case of a total loss.

What worries me is that by you asking this question if you are prepared to carry the financing. I'm assuming that you are carrying the 1st trust deed. If you are carrying a 2nd TD, I would just say be extremely careful.

Whoever holds title to the home.

What's the best place to purchase both auto and home insurance from?

I'm buying a new home and changing my auto insurance carrier, what insurance company can offer me the best deal when it comes to providing both home and auto insurance in a combo package?

I use State Farm and have for a long time. They aren't the cheapest, but have handled any claims without question and treated me very well. Good luck.

None. You need to get on the phone and call at least 20 different companies and compare their rates and coverage. It takes time but it is the only way to find out. When you narrow it down to 2 or 3 you need to check them out with the BBB and any state or local consumer protection office. Check out Consumer Reports ratings. To get the best rates with an honest company you have to work at it. And check the best rates for combined home and auto and separate. GL.

8~)

Get an insurance broker! There are so many insurance companies with so many different discount options (I know an insurance company in Ohio that gives discount to certain profession) and it's just impossible to compare every single one of them. Insurance broker can do this for you. I am not sure if we are paying them through our premium or what, but I paid substantially less after I used an insurance broker.

If you want to take both auto and home insurances, most of the companies provide you Miltie policy discount. Before taking any insurance I shop around. You can look at www.Geico.com as they give a very competitive premium for the new customers. All state is also very good. At the same time you may have to look at the state you are in. There may be some local insurance companies which can provide you a better quote. Take 3-4 quotes from different companies and then you can choose from.

There is no one "best" or "cheapest" carrier. You'll have to call around, give your social security number to have a credit check, give them the vehicle information, and get a bunch of quotes to figure out which carrier is cheapest FOR YOU

--------------------------------------...

http://www.loansandinsurances.com/auto-insurance.html

I work for a Health Insurance company, but I have great success with Metropolitan Life Insurance company for my property and auto insurance. I have had several claims over the last few years and they have always paid really well.

www.libertymutual.com

Go online and get a free quote - you will be more than content

I buying my first home in Georgia and need home insurance, what should I pay to have covered?

What do I need to ask to be covered in my home insurance plan?

Here are some things to consider and ask when comparing policies. What is the liability coverage limits? Do I need excess liability? What are the medical payment limits? Do you need more of either for your purposes (like do you entertain a lot, have hired help on your property, etc.) Does it include worker's comp (in CA it is mandatory) and it is mandated in your state? What is the coverage for out buildings (sheds), fences, yard ornamentation, etc. Are there mold and mildew restrictions? (Many insurers are excluding both after Katrina). Am I in a FEMA flood plane and do I require flood insurance? Do I need tornado insurance? Is wind damage covered? How are payments structured (i.e. do they have nuisance fees if the policy is not paid in full up front) and if so, is it recurring, a percentage or a specified amount per payment? Do I get a discount for: combining home and auto, fire and burglar alarms, being located close to a fire hydrant or fire station, fire proof construction (i.e. concrete roof shingles, metal framing), clearing a 100 foot defensible boundary, being a certain age, having no claims, having fire extinguishers in the kitchen and garage, etc. If going through a broker, ask how they are compensated, by commission you pay or commission paid by the company. If you are college educated, check with your alumni to see if they have an agreement with any certain insurer for discounts (same applies if you belong to professional membership organizations or a union). What is the personal possession coverage and do you require riders for special collections or jewelry or power tools in a workshop?

Home insurance policies are pretty standard, the only variables will be deductibles, contents, outside storage, etc. One thing to keep in mind if you live near the coast is that ins. policies do not cover water damage unless driven by wind. Therefore, if a hurricane blows your house down, you are covered (there are always exceptions), but if there is damage from storm surge or flooding, it is not covered unless you also have flood insurance.

I live in Georgia, and I think you will find coverage very reasonable as compared to some other states. I am with Allstate, and have been very pleased with their rates, plus they give you a discount if you combine your home/auto policies.

Take the highest dedubtible you can afford, because it really reduces your cost to insure.

Here's an excellent consumer advocate website to do some research:

http://clarkhoward.com/

Adam S, Home insurance covers lots of different things. I'm not sure about Georgia regulations, so I recommend you call a nearby home insurance agent. http://www.easyhomeinsuranceguide.com/Georgia-Home-Insurance.html. They will be able to assist you.

What do you know about home insurance involving a fire?

My friend had a fire in her home, during the final days of the sale. The insurance company is trying to prove fraud on her part, which there is none, and she has not paid out since Sept. 28, 2006. She is going for a polygraph test later next month, in the mean time she has no where to live, they have given her $2500 living allowance and refuse to give her more at this time. Any suggestions on what she can or should do?

If she truly did nothing to cause the fire, then it may be time for her to hire an attorney.

5 months to settle a claim is not really an unreasonable time, especially if there are suspicious circumstances. And if they do prove that she started the fire, that $2500 they gave her under the "additional living expense" portion of her homeowners policy, they are going to want it back. If she started the fire, they legally don't have to pay her a dime, including living expenses.

Insurance companies have every right to investigate any claim, auto, homeowners, injury claims, anything they suspect might be fraud. Insurance fraud is a multi-billion dollar industry in this country.

I found this http://wiz.sc/insurance740 article on home insurance which offers information as well as advice and tips etc, hope it helps.

insurance companies are not going to shell out the thousands of dollars for an investigation if there is nothing to investigate. they have a reason to believe there is something suspicious going on. your friend is going to have to wait it out. she can hire an attorney if she wants to pay for one, unfortunatley theres not a lot they can do until the company decides they are satisfied with the investigation findings.

What insurance company is it?

What sale? She has not paid out WHAT?

The insurance company doesn't determine if arson is involved - the fire marshall does that. If the report comes back arson - and if she's a suspect - then by law they have to fully investigate the claim before they can pay, because she is NOT going to get any money for that house if she burned it down.

HOWEVER. If there is a MORTGAGE on the house, the mortgagee can still be paid, up to their interest in the value of the house, or the amount on the policy.

Did the fire dept come up with a cause for the fire? If it was "suspicious", the company can have their SIU investigate. How long has she been waiting for payment? Obviously, the house didn't sell. I would call the State Insurance Dept if she feels the investigation is taking too long - & she did nothing wrong.

Can I ever get home insurance again if a previous one has been cancelled?

About 1 yr ago I cancelled my DD for my home insurance to cut costs. My bank then said as I never told them directly they have refused my insurance policy and that I would find it difficult to get another policy. I am now looking to start another home insurance policy but they all ask the question if I have been refused before? What does this mean? As it is obviously important to have it as you never know what will happen.

Shouldn't be a problem; if your claims history is clean and credit decent, you should be able to find a company that will start a policy for you. You haven't really been refused, you were cancelled for non-payment.

Don't know what the deal is with your bank, you'd think they'd be happy to add an insurer and happier still to escrow the payment.

I am sure if you told new insurance company why it was cancelled then they would disregard why it was refused.....Refusal because of building defects or bad security is what insurance companies are looking out for not for petty spite reasons put forward by a bank..

How does cancelling direct deposit cut costs? You still have to pay the insurance premium. Does this mean they cancelled you for non-payment? Any mortagage lender requires home owners insurance. It is mandatory, not optional, if you don't pay it they will assign an insurance provider for you at a significantly higher rate and add it to your mortgage payments. Something in your story does not add up.

Getting homeowners insurance if you have had a policy cancelled, although difficult, is not impossible to get. Be honest with the agent when you speak with them and they should try to help you out.

Good luck!

No, you'll still be able to get a policy.

A few extra steps will need to be taken, but it shouldn't be an issue. The Insurance company will need to send a Rep to take photos of the home and any unrepaired damage will need to be fixed before the policy is issued, or they might just exclude that damage.

Did you have a mortgage this past year? If you did, the bank might have Force Placed an Insurance policy on your home and been charging you through the Escrow Company.

How can I know if my old home insurance is not commiting fraud since it cancelled me after a claim?

When I removed the carpet of my home, I noticed that the concrete was all cracked and the walls were breaking apart, I put a claim with my home insurance and they said won't be responsible for the repairs. A few days later they sent me a letter to notify they won't insurance any more my house. Now I have no money to repair it and I don't know if the insurance effective now won't do the same and I am paying for no cover at all.

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

Here's the scoop:

1. You uncovered damage that wasn't caused by an insurable event, so it's proper that they denied the claim.

2. You also uncovered damage that may be structural. Consequently, with this new information, the insurance company chose to cancel your policy.

Without knowing the insurance regulations of your state, it's hard to say whether or not this was within the regulations. In my state, for homeowners, the insurance company can cancel a policy "for any reason" or "for no stated reason".

Gotta get a lawyer!

lawyer up

Does home insurance cover when you rent out the house and the tenant causes a house fire?

Does home insurance cover when I rent out the house and the tenant causes a house fire (assuming the house completely burnt down)? If not, do I need to buy landlord's insurance or ask the tenant to buy renter's insurance? Thanks

Homeowners policies vary; you'll want to read the fine print on yours to see if it does or doesn't cover such circumstances.

You would have to consult with your agent on that... If it's a basic policy, probably not.

Renter's insurance covers the renters things, not yours, as far as I know.

Ask your agent... they would know better and be better aquainted with the laws where you live.

I believe you have to list the property as an investment w/ the insurance co. which will increase your premium due to the higher risk, but the 1st response is a good 1....

Read the fine print...or do what I do and tell them to find what you want to see in the paperwork and let them find it for you.

I like to delegate tedious tasks ;-)

YES IT IS COVERED UNDER YOU HOME OWNERS POLICY, CHECK WITH YOUR AGENT FOR THE LIMITATIONS.

IT WILL COVER THE RENTERS PERSONAL PROPERTY WHICH I REQUEST THAT THEY CARRY WHEN THEY RENT FROM YOU.

home, swishhome,

http://www.01dong.com

you need to get a special policy from the insurance company, and you should also tell your bank if you still have a mortgage, that you are renting the place. YOur homeonwer's will not cover the damage.

John is wrong.

"Homeowners insurance" covers the owners dwelling [house/garage] and contents [owners personal property on the premises]. "Owner" [landlord if he is the owner] takes out this policy and is responsible for the premiums. If building is leased or rented out, it does NOT cover tenants personal property, such as furniture, electronics, etc, or even tools borrowed from a neighbor.

"Renters insurance" covers the tenants personal property only. They take out this policy and pay the premiums.

Home owners policies cover every circumstance EXCEPT what is listed in writing, or "exemptions". These are normally: floods [obtain this through FEMA], home businesses losses [such as a fire in a residential garage being used as auto repair business], or anything else that is listed in writing. If your house up in Alaska gets stampeded by purple elephants, and it is NOT listed as an exclusion, it WILL be covered.

Whats the difference between home insurance and rental insurance?

for my rental property? Is it a good idea to switch home insurance to rental insurance when a tenant is living in my rental property just in case if they smashed some holes on the wall, or some damages on the property?

Thanks!

You need to change or they will not pay if you have a claim.

Holes are not covered, neither is most tenant damage.

But, you still need fire damage, weather, etc etc.

Also, if you are going to allow animals check your policy, they are not likely to cover your property if you allow any dangereous animals.

I am a landlord AND an insurance sales rep so I have experience from both sides of the situation.

You couldn't get "renters" insurance because that is the coverage a tenant gets to cover their belongings, it don't cover the home.

Now you don't need "full" home owners insurance. It is a waste of money on your part. If your personal home burns down you need coverage on the home and your contents inside. If your rental home burns down, what do you need covered? Just the home, not the contents. As a landlord you are NOT responsible for the tenants contents. You need to reduce your home owners policy to only structure coverage. It will cost much less and is best when it comes to responsibility, if something should happen.

You should contact a company like State Farm(they pay claims really well), Farm Bureau, American Family(although I personally don't care for them and how they pay claims). They are going to have more knowledge on what you are looking for.

I know of homeowner’s insurance which covers the owner’s property, and renter’s (not rental) insurance, which covers the renter’s property. You should inquire with your home insurer to make sure your current policy is the best one for your needs.

If you have a mortgage, you are required to maintain homeowner’s insurance. Renter’s insurance is something your tenant chooses to get on their own.

OWNERS get home insurance to cover the structure and the property incase of fire and things like that.

TENANTS get renters insurance to cover their personal belongings.

If a tenant puts a hole in the wall THEY have to pay for fixing it - that would have nothing to do with any insurance anyway.

Insurance on your rental property is much reduced from the coverage on your home. There is much more risk with a stranger living in it. It costs the same but covers less. It covers accidents but a hole in the wall is seldom covered. Fire would be covered.

No. You are the property owner and need home owners insurance. If your tenants cause damage you will be covered under that. Your tenants need rental insurance to cover their own belongings in case of a fire.

Insurance on your personal residence covers the house and contents. A fire policy on rental property only covers the structure, but not the tenant causing damages. That's what the security deposit covers.

home owners protects you the home owner.from loss..just insure it as a rental. If the renters want to protect their stuff they need renters insurance.

You definitely need to switch your coverage if the home is not owner-occupied.

Who pays for the home insurance when you let your house?

I ask this question on behalf of my friend, who lives in Malaysia. He wants to know what the law in England will be in this case.

My friend is gonna let his house to another, so that he can have some income. A question arises: They need to buy a home insurance in case there is an accident like fire. Apparently in Malaysia, a homeowner doesn't have to buy insurance for his house.

So in this case, who should pay for the home insurance, the homeowner or the tenant? I mean, the rental period is 2 years, and the insurance, if paid, will cover for 2 years only.

whoever owns the house

duh

Buildings cover is still the responsibility of the home owner however insurers usualy excluded window cover if they know the property is let. Contents insurance would obviously lie with the person renting the property.

Genreally as in all insurance the owner of the item to be insured is responsible for insurance.

To ask, your friend must be a money grabbing git.

If burned down, and insurance builds a new house, is it the tennants house now, if they paid insurance?

I hope your friend isnt malaysian, bought a house over here (when so many English people cant afford housing) and now hopes to milk our economy.

I'll burn it down myself.

Remember, tennants arnet cattle....theyre the customer, they, PAY your friend. He's the "employee" in this arrangement.

Cheeky Git!

The homeowner in England. he will take out insurance as he needs it.

The building insurance is his , he should let the company know the property is rented or it will invalidate any claim.

If letting through an agent make it part of the contract of tenancy that the tenant also insure as contents policy's also cover landlords fixtures and fittings, such as bath, kitchen units decoration etc .

usually the property insurance is the responsibility of the landlord - it is his property after-all and if it burnt to the ground he would want to be able to replace it.

the contents insurance is the responsibility of the tennant, its their property, and if it gets destroyed in the fire they will want to replace it.

Normally the home owner would buy homeowners insurance to protect his interest in the property. At the same time a tentant could buy renters insurance to protect his personal property. Usually if there is mortgage on the property the mortgagee will require the homeowner to carry sufficient insurance. If there is no mortgage, the homeowner does not have to have insurance, it's just a good idea because a house is a sizable investment and these things do catch fire occasionally and sometimes a car will run into it.

Who has responsibility for this expense should be stated in the tenancy agreement.

He would have to pay for the insurance his-self.

the owner if something would happen how would he get his money from the house always have insurance on anything of yours, he can always add it to there payment

If I were the owner I would get insurance (to include liability insurance) myself. It is my property and I would not trust someone else to insure it properly. I would consider the cost of the insurance as part of the cost of doing business (and adjust the rent accordingly)

the home owner

If the owner lets someone else pay for the house insurance, it's a big mistake - because if the other person doesn't pay on time, the policy gets cancelled, and the house burns down, the owner is SOL.

The owner needs to include the cost of insurance in the rent he is charging, and pay for it himself.

It is not a legal requirement in the UK for a home owner to have buildings insurance (bricks and mortar) or contents however it my be required as part of a mortgage agreement.

As both parties (the owner and the tennat) have insurable interest each party can take out insurance on the same property.

In this scenario it would be worth the owner of the house to take out buildings insurance and the tenants taking out contents. If the owner of the house is leaving any of their possessions in the house it may be worth extending it to cover limited contents. I would certainly advise your friend to take out the scenario above. If there is any more confusion phone up your local brokerage or phone around explain the situation to the adviser then go from there. Hope this is of help.