Are you tired of paying your rent? It seems like it is a process that never ends and you have nothing to show for it. Housing is the largest expense we have every month. It is time for you to begin the process of buying your first house.
Get your documentation in order. Make sure that you can prove it was the lender’s fault that the premium was not paid. Next, have your attorney call the person at the lender who manages the Escrow Department. Explain what happened, and ask them what they plan to do to make things right. If they fix the problem and you don’t suffer any loss from their negligence, then all will be well.
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C) Although this doesn’t affect your home insurance policy directly I’ll add it since it affects what you’d have to buy before you’ll be considered to have the right coverage for your home. Those who have houses in flood-prone locations pay around $400 yearly on flood insurance. Every mortgagor will demand that you buy it if your home is in a flood-prone area. You will such unnecessary expense by go for a home in a locality that isn’t prone to such.
Armed with good information about how much house you can afford, it is time to start looking for “the” house. Primarily, you will need to consider your family size in relation to the number of bedrooms in a home. Another consideration will be family growth. Do not hurry through this task, take your time. A realtor usually has information sheets for each home they have listed. One piece, of information you can derive from the info sheet, is the property taxes on a property. You can immediately eliminate homes without adequate bedrooms. You may have to concede to some of the amenities you desire to get into the price range of a home you can afford. This is normal when purchasing existing housing.
The bank could contact your insurance company and accept liability. Many times, the insurance company will allow the bank to make the premium payment and reinstate the policy. Once that’s completed, you can proceed with your claim based upon the insurance policy that you did have before the cancellation.
Many Listed Property Insure policies have the Replacement Cost (RC) Endorsement on the policy that covers the contents. The claims process for your Contents is the trap laid by the insurance companies. Don’t think that your insurer wouldn’t do that to you.they ALL do it.
How much did the DIY alarm system cost? Your initial out of pocket expenses will end up running around $100-$400 dollars depending on the product type and amount of products you purchase for DIY installation. Did you know there are several large national alarm companies that will provide you with a free alarm system and install it for you in exchange for paying a monitoring service fee monthly and paying this fee for a few years like you would with your cell phone? It might seem scary but if you own your home and plan on staying for a few years it’s well worth the cost. Plus, you can move your system with you or sell it to the next home buyer.
Howbeit, if you want the best price/value then you would have to check the details of the lowest offers. Different insurers may have slight differences for similar policies. It’s important that you ask the agent what’s included and what’s excluded.
