Last Sunday, the Dallas Morning News published an article about Kristen and Wade Lair. The article related the issues the Lair’s have faced working with city hall on a home they bought to rehab in east Dallas. Their story outlines some of the issues homeowners face when buying a home in a historic district. It also provides an excellent backdrop on home insurance for homes in historic districts.
Daylight Saving Time, or DST, ends at 2:00 a.m. Sunday morning, so here’s your first reminder to set your clocks back Saturday night. Enjoy the extra hour of sleep you get that night! Just in case you are curious, the time around the time change, or end of DST, happens to be one of the busiest times of year for car accidents. Here are some interesting items to note from an article by CBC News Canada.
I received an email over the weekend that asked an interesting question with implications for homeowners and homeowner associations. The question came from an individual who handles the association insurance policy for a community of duplexes owned by active adults over 55. Her question addressed a concern she has about several homeowners who have paid off their mortgages and, as a result, may not carry home insurance. She asked, “If one side of [a] duplex is damaged who repairs the whole roof?”
What’s the number one cause of deaths among teens? It’s not drinking, drugs, or some type of illness, it’s car accidents. Surprised? Car accidents are responsible for over 2,600 teen deaths in 2013 and injured another 130,000 according to the National Highway Traffic Safety Administration (NHTSA). The number of teens dying in car accidents is up about 20% from 2011. What’s heartbreaking is most of these deaths are preventable.
I was reminded this week how much certain types of home insurance claims can impact your rate. I was working with a prospective client’s insurance quotes for a new home a couple is buying. In order to confirm which company would provide the best rate, I ran the CLUE report which shows me claims the sellers may have filed on the home being purchased, as well as the buyer’s previous claims.
What factors should be used to determine a person’s car insurance rate? Factors such as their age and gender make sense. Even the type of car they drive, where the car is parked, and their driver classification (commuter, business use, or pleasure driver) should be factored into the rate determination. But should socio-economic factors, such as a person’s education or occupation be considered? What about a person’s marital status?
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