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?
MSN posted an interesting article earlier this year noting changes home insurance companies are making. These changes tend to affect older homes in general, and homes with older roofs specifically. These changes are popping up across the US impacting home owners in the Gulf coast states, Midwest, as well as California and Colorado.
On September 18, the Environmental Protection Agency issued a Notice of Violation of the Clean Air Act to Volkswagen for its deception with software designed to trick emissions tests on vehicles equipped with its TDI engine. Affected models include VW’s Passat Jetta, Golf, Beetle, and the Audi A3. There are about 500,000 of these vehicles in the US and up to 11 million worldwide.
If you are a new home buyer, congratulations! You understand exactly what it took to get into your new home; saving up for the down payment, reviewing your credit scores and cleaning up any inaccuracies, pre-qualifying for the loan, shopping for home insurance, and finding that perfect home. I have one piece of advice for you that will help you save hundreds, potentially thousands, of dollars in the coming years on the cost of your home insurance.
I’ve been thinking a lot about creating a check list of home insurance related items for home buyers after last week’s post on why home buyers should check insurance on the new home during the option period. Here are three items home buyers should check that may help them save money on their insurance, as well as avoiding some unpleasant surprises.
There are several changes coming to Texas health insurance in the coming months. The Dallas Morning News has reported several in the works in two recent articles; one involves the loss of an individual plan option and the other addresses requested rate increases. The changes will impact people with individual policies the most.
I dealt with an interesting situation this past week I believe is important to share with anyone buying a home. It reminded me why it’s so important for home buyers to review home insurance during the option period, not after it’s expired.
I received a call from one of two business partners last week. The partners bought a home that needed some TLC. Once they finish with
A client’s son called me a few weeks ago. He’d was buying and wanted to discuss what the car insurance would cost for it. The car is an early 2000 Subaru WRX that had been nicely customized with a new suspension system, engine modifications, and wheels. The car insurance issue this raised was how to address the value of a car that’s 10 to 15 years old and had $15,000 worth of customization done in the last couple of years.
I have received several emails and calls over the last few weeks about home insurance for a duplex, so I thought this would be an excellent time to revisit this. Insuring a duplex can be the same as writing a home insurance policy for a single family home and it can be very different.
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