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?
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.
We are sometimes harshly judged by what is deemed as our “credit worthiness”. An individual’s personal credit profile is very influential and has become more important than ever before. It can be used as a large decision-making component in many areas of our life including, financing and the interest rates we pay, our ability to rent an apartment or house, and the insurance rates we are charged…
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.
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.
A couple of weeks ago I wrote a post advising why, from a car insurance perspective, you should take defensive driving if you are “awarded” a speeding ticket (see https://wiseinsurancegroup.com/speeding-tickets-defensive-driving-car-insurance/). I thought it might be fun to expand on that with a second reason; to avoid paying for the ticket in the first place.
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
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