Your bank or mortgage lender may require homeowners insurance to confirm their asset is protected in case of peril. However, if you own your home and you don’t have a mortgage, then you don’t have to purchase homeowners insurance. However, considering buying homeowners insurance may be in ...
Knowing what valuables you have and their costs may help you determine if you need additional coverage. Home insurance policies can limit coverage on high-value items like jewelry, antiques and fine arts, so you may need to purchase an endorsement to add coverage for these items. Additionally, ...
life insurance policy can give you access to extra cash, but it’s important to understand the tax implications. Depending on the type of settlement you choose, whether a viatical settlement or a life settlement, the tax treatment differs and can affect how much money you actually take home....
Typically, purchase offers are contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing. Your real estate agent might be able to help you arrange having this inspection conducted within a few days of your offer being accepted by th...
How to buy a house: Step 1 – Assess your readiness The first step to buying a home is evaluating if you are a) financially and b) emotionally ready to buy. Since this is a large purchase factoring in hundreds of thousands of dollars, you want to make sure you're fully prepared for...
with your policy documents in a safe and easily accessible place in your home. If you can’t locate these receipts, or they were lost in the disaster that destroyed your home, you may be able to provide similar proof with credit or debit card statements showing the purchase of these items...
insuranceare either underinsured, or end up buying too much insurance for their homes. So when you’re about to purchase home insurance, your insurer should first have a look at the property you want to insure before giving you a quotation about the amount you’d be spending on insurance. ...
Retirees may need to rethink their investments and income plans as interest rates begin to decline. Kate StalterDec. 18, 2024 Ways to Finance a Home Purchase Overseas Here’s how to come up with the cash to buy a property in another country. ...
Home purchase contracts can include the contingency that the buyer (and lender) must be satisfied with the inspection andappraisal, the results of which could lead to further negotiations. “All contracts usually have those contingencies,” Mantzaris says. ...
You need to insure your home against unforeseen events that can cause damage to it. Follow these tips to get the right home insurance.