How do you determine the amount of life insurance you would need? A. Analyze your assets and sources of income. B. Estimates your family’s expenses. C. Take away the assets from the expenses D. All of the above 相关知识点: 试题来源: 解析 D 反馈 收藏 ...
How Do Insurance Companies Determine Dwelling Value? The insurer will determine the replacement value through multiple factors, including the home's location, size, age, and condition. The Bottom Line The 80% rule means that an insurance company will pay the replacement cost of damage to a hom...
How To Buy Homeowners Insurance Whether you're a first-time homeowner or have owned a home for years, here’s how you can buy a homeowners insurance policy: 1. Determine the amount of coverage you need. The necessary coverage amount will primarily depend on the cost of rebuilding your home...
There are certain types of insurance most people need to have. For example, if you own a home, then homeowners insurance is standard. Auto insurance covers your vehicle whilelife insuranceprotects you and your loved ones in a worst-case scenario. When your insurer gives you the policy document...
HOW TO determine insurance needs for buildings, equipment.Presents techniques in insuring business buildings and equipments. Steps on the valuation process; Caution in the selection of a commercial insurance policy; Evaluation of the broker's experience and knowledge....
To avoid surprises, consider a home warranty that requires a home inspection. This will provide documentation of any preexisting conditions and let you know what issues might not be covered. Consider coverage and payment amounts. Determine what you’d pay to repair or replace appliances and ...
Use online tools, comparable properties and appraisals to determine value when buying, selling or refinancing.
It also helps your lender determine whether or not you’ll have to pay for private mortgage insurance (PMI). To avoid PMI, your LTV typically needs to be 80% or less, but PMI applies only to first liens so if your home equity line of credit is a second lien against your house, you...
Step 3: Take the difference to determine your equity Once you have your home’s value and your mortgage balance, you’re almost finished. From here, all you need to figure out how to calculate equity is some simple subtraction. Your home equity equals the current value of your home minus...
The higher your score, the lower the credit risk you present to a lender. Other people, like landlords, might also pull your credit to determine whether they think you’re likely to make your rent payments on time. Your credit history creates a “story” of you. Encyclopædia Britannica...