KB07 asked:


Long story short, I have a mortgage on a house that is vacant and unliveable. My normal insurance was just dropped b/c obviously the house doesn’t meet certain requirements. I don’t have money to pay the house off, but I need insurance on it because it is mortgaged. Can anyone give me some options?

If you have a home business and need a home owner insurance quote, consider getting your home owner insurance quote from State Farm. As long as you purchase enough home owner insurance to adequately protect your home as well as your home business, you will be safe; however, making sure you have enough home owner insurance for both your home and your home business is just the start. You must take a few more steps throughout the duration of your home owner insurance policy to make sure your home business is thoroughly covered with your State Farm home owner insurance policy.

First, make sure you have taken proper inventory of your home business’ equipment. Include computers, printers, fax machines, copy machines, shredders, scanners, and any other expensive electronic equipment, as well as filing cabinets, desks, and chairs. These are the pieces of equipment you will need to list in the event your home business becomes damaged in some way, so it is extremely important not to forget anything. Also, keep your inventory up to date, and notify your State Farm home owner insurance agent so he or she can make the necessary changes to your State Farm home owner insurance policy.

Next, consider investing in protection devices such as lighting protection systems and electrical surge devices. You can contact a contractor for more information about these kinds of protection.

Finally, keep your State Farm home owner insurance quote low by taking your own precautions. Install a safety alarm system. Record the serial numbers of all business office equipment you purchase. Buy a large safe and store all smaller, expensive office equipment in it when you’re not in the office. If you are willing, consider bolting your larger office equipment to the floor, such as desks, safes, and copy machines.

Take these steps before you get your State Farm home owner insurance quote, and maintain them to keep that quote low.

By: Elizabeth Newberry

About the Author:

Buy-to-let property insurance, some times also known as residential property owners insurance, is needed if you own houses and/or flats to tenants – either on a short-term or long-term basis. Ordinarily you can buy cheap buy-to-let property insurance in the event that you rent five or less properties in the UK than is the case if you rent more than five properties, as in the case of the former you are seen as a small time landlord with a small business, whereas in the latter you are seen as a full blown property-owning company.

Whether you plan to rent five or less properties, or five or more properties, is, however, a side issue, as in both cases you’ll need to ensure that you have at least the minimum level of required insurance in order to protect yourself. Consequently, the number of properties you own will have a bearing only insofar as the insurance premiums are concerned. That said, if you are looking to become a property owner with a letting business, then you need to ensure that you have the following minimum provisions in your insurance policy:

Fire

Insuring against any fire on the property

Natural Disaster (also known as tempest insurance)

Insuring against natural disasters that may occur, such as a storm where the winds tear off your roof or guttering

Theft

Which is especially important if you are renting out fully furnished properties. In the event that you are renting out unfurnished premises, you may wish to have a discussion with your tenants about whether or not they should have home contents insurance

Public Liability Insurance

This should be a must as it will protect you against any claims your tenants or any third parties (such as their guests) may have for injuries they suffer while on your property

Lost Earnings

There may well be times when your property remains empty; say, for example, while you look for new tenants. If you are relying on the rental income from your tenants to repay the money you borrowed to purchase the property, you need to ensure you have lost earnings insurance to compensate you during this period

Employee Liability Insurance

If you have employees who will visit the property for you to repair any damage, etc. or to collect the rental payments, then you need to make sure that you have employee liability insurance in case they get injured while carrying out their assigned task

Legal Expenses Insurance

As a property owner you may find the need from time to time to retain the services of a lawyer; for example, if your tenants refuse to pay their rent or move out of the property at a specified agreed time – when you may need to get an eviction notice. As legal expenses in the UK can be expensive, you should consider insuring against this risk by having in place a provision of legal expenses in your insurance policy.

Although the above are basically the bare minimums you need in your buy-to-let property insurance policy, you can also tailor these types of insurance policies to meet your particular needs, so make sure that you talk through your circumstances with your insurance provider, especially if you anticipate expanding the business in the near future.

By: Joseph Kenny

About the Author:

Ynorisit asked:


For single or for townhouse.

dragonness36 asked:


what do you have to pay insurance on the living area or the
gross area??

sammy asked:


ok i have 25 cupboard doors in my kitchen and 6 have been ruined with a leak.the insurance company have said they will only replace the damaged ones.the doors we have are no longer available so basically they are saying we will have to buy different ones and have a odd kitchen.is this right and is their anything i can do.should they replace all the doors if i cant get a match or do i not have a leg to stand on.advice please

Green Lantern asked:


Victim of Burglary from The State of FLORIDA
What is the Statute of Limitation?

TowerNZ asked:

www.rentalinsurance.co.nz Seeking the best Residential Rental Property Insurance policies in New Zealand? TOWER Rental House Insurance has been created specifically for landlords. Rental house insurance can help provide extra protection against the risks associated with residential tenancy, and TOWER may also be able to insure your rental property while you live overseas.

MJ asked:


If you can also add the main address of the insurance company’s that would be helpful also.
The New York and New Jersey area

sammy asked:


ok i have 25 cupboard doors in my kitchen and 6 have been ruined with a leak.the insurance company have said they will only replace the damaged ones.the doors we have are no longer available so basically they are saying we will have to buy different ones and have a odd kitchen.is this right and is their anything i can do.should they replace all the doors if i cant get a match or do i not have a leg to stand on.advice please