Lake Highlands home insurance Archives - Page 15 of 19

Car and Home Insurance; Package or Not?

I talked with a prospective client last week. We’d worked together in the past and he wanted to see if I could help him lower what he was paying for all his insurance policies. We reviewed his current coverage on his car and home insurance, as well as his umbrella policy and I prepared quotes on each of them for us to discuss. As it turned out, the auto quote I presented him was about $1,000 lower than his current rate, and the umbrella was about the same as what he was currently paying. The issue was he had a lower rate on the home and he wasn’t sure what to do.

Texas Home Insurance Claims

Texas home insurance rates continue to climb and remain the highest in the country. There are two broad reasons most insurance companies give for our high rates; weather and increases in the cost of claims. With that in mind, I thought it was time to revisit the top four home insurance claim types, as well as where they are occurring geographically.

Home Insurance for Homes with Issues

Several times a year, I receive a call from an individual or family member who’s very anxious. They’ve found their dream home in north Texas, put their earnest money down, and ordered the inspection. The inspection outlines an issue and they find out days or a week before closing from their insurance agent that this issue prevents them from getting home insurance.

Home Insurance and Second Homes

Sheri and I went backpacking in Colorado last week for our vacation. It was wonderful to get out of the 100 degree temps in Dallas and enjoy some milder weather, the mountain views, and the challenge of breathing while lugging a pack up a 13,000 foot pass. Before, and after, our two person tent became our abode for three nights, we stayed in a condo. Like many condos in Colorado’s ski areas, this one is a family’s second home, and it led me to think about home insurance for second homes.

Rental Property Insurance Coverage

Last week we introduced the three types of rental property insurance policies; fire, Dwelling Policy Form 1, and Dwelling Policy Form 3 (see http://50.87.248.161/~wiseinsu/3-types-rental-property-insurance-policies/). I’d like to build on that in this week’s post with a look at the coverage that should be on a Form 3 Dwelling Policy in order to provide the best coverage for the property owner.

3 Types of Rental Property Insurance Policies

I have a number of clients across Dallas / Fort Worth who own rental property. Some are first time landlords while others own multiple rental properties and have done so for many years. It’s exciting for me to be a part of helping someone reach their financial dreams by protecting an asset that should grow in value over time. When working with a person buying their first rental property, I begin that discussion with a brief overview of the three types of rental property insurance policies.

Home Insurance for a Duplex

I received a call from a mortgage loan officer in Dallas a few weeks ago. She was working with a couple who was buying a duplex but had not yet obtained insurance. The loan officer wondered if we could help the couple as the purchase was scheduled to close in a couple of days.

Home Insurance and Replacement Cost Factors

Last week, I outlined the difference between the two broad types of home insurance policies; replacement cost and actual cash value (see http://bit.ly/1qLPE5W). This week, I want to build on that post and outline what goes into determining a home’s replacement cost value.

Home Insurance: Replacement Cost or Actual Cash Value

Broadly speaking, there are two types of home insurance policies; actual cash value and replacement cost. There are multiple forms with various options and coverage, but they all fit into one of these two “buckets.”

Home Insurance and a Roof’s Impact

Most people usually don’t think about their roof unless there’s been a recent hail storm or a damp spot appears on a room ceiling. As long as it’s not leaking, we tend to ignore it even when we see it pulling into the driveway. This past week roofs have been the subject of three conversations, two were with clients and the other with a Dallas realtor on behalf of a client with an offer on a home.

Tag: Lake Highlands home insurance

Car and Home Insurance; Package or Not?

Texas Home Insurance Claims

Home Insurance for Homes with Issues

Home Insurance and Second Homes

Rental Property Insurance Coverage

3 Types of Rental Property Insurance Policies

Home Insurance for a Duplex

Home Insurance and Replacement Cost Factors

Home Insurance: Replacement Cost or Actual Cash Value

Home Insurance and a Roof’s Impact

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