Its been a very busy couple of months already, there’s lots of stuff going on and we haven’t kept much record of it, as fast…
A homeowner with a family and place of residence to protect may opt to get a home insurance policy. But with the many insurance companies and plans available, it can often be a confusing thing to do. Having a family and home to protect can often lead some to dive into home insurance policies which are expensive but oftentimes not comprehensive enough to cover damage and all family members, making the investment effectively useless in a real-world situation.
However, once you know what to look for, picking a complete and comprehensive home insurance policy will not become that tedious of a chore. Knowing what you want out of a prospective policy, such as flood and earthquake coverage, as well as other home accidents such as fires will set you on the fast track to getting the coverage and compensation you need to protect your family and other investments in your home or place of residence.
From HO-1 to HO-8
Many home insurance policy providers follow a standardized ranking system to providing insurance to prospective homeowners. This is the HO-1 to HO-8 system, which ranks homeowners into certain insurance policies depending on factors such as disaster-prone zones, the age of the home, crime rates in a given area, among other things.
HO-1 is also known as Basic Home Owners Insurance and covers your home and personal property contained within against damages or losses including theft, vandalism, fires, earthquakes, and other natural disasters.
HO-2 more commonly known as Basic Homeowners Insurance Plus. This is similar to HO-1 but includes other kinds of damages such as falling objects, electrical surges, and flood or snow damages done to utilities or appliances.
HO-3, or Extended or Special Homeowners Insurance, provides even more extensive coverage than HO-2 for your home spanning from the structure to the content inside your house. This can also be referred to as an All Risk Policy.
Renter Insurance is categorized as HO-4 and covers the personal property from the elements included in HO-2 plans. This caters to people renting a living space, hence the given term Renter’s Policy.
HO-5 is also known as an All-Risk policy and covers the structure itself as well as the personal property contained within, much like HO-3. HO-5 policies, however, cover a larger area from damages or losses as well as accidents caused by passers-by or outsiders.
HO-6 can be referred to as Condominium Owners Insurance Coverage. This policy is for condominium owners and their personal property and often provides protection for mishaps and disasters that happen within a condominium such as fires, theft, and other forms of loss and some natural disasters.
HO-7 can be considered a hybrid home insurance policy that covers both the building and the contents on the basis of risk by direct physical loss.
HO-8 can be referred to as Basic Older Home Coverage and can be applied to homes that have historical value or significance. This home insurance policy can also include repair and restoration to an older house in addition to theft, vandalism, and loss coverage.
Picking a Good Home Insurance Company
The sheer variety of insurers available to a homeowner can often make the task of picking a good home insurance policy very daunting at first, but it should not put you off from weighing in the available options in order to get a good deal. Free databases available both online or at your local realtor may be good to check first, in order to get a good feel of what companies have to offer to potential customers.
When you have a shortlist of insurers you think are reputable enough to serve you, request quotes from them to help gauge and compare costs between insurers. Getting quotes from carriers should have little to no cost involved, and should include everything including additional and hidden fees unless you are planning on paying for more later on down the road.
Picking a company that deals directly with customers can often be a good sign for an insurer. Dealing face to face without the middleman can often lead to big savings, unlike insurers that advertise through junk mail and spam messages through your email. However, that is not to say that these by mail insurers do not offer good deals as well, so be sure to read through the fine print should you consider to weigh this in as an option too.
Your nearest state office should offer shopping guides to insurers and home insurance policies for homeowners. Knowing that a governing body offers a list of reputable insurers and home insurance policies can help bring peace of mind to a homeowner and may include smaller, lesser-known companies with comparatively lower rates than bigger insurance companies.
When picking any company to provide you with a home insurance policy, pick out a company with good financial ratings, as many companies take a dip in financials during major natural disasters. Inquire from a company about this information, or check out their financials on online or local realtor listings to gauge an insurer’s ability to cover you and your home.
If you are in an area that constantly gets hit by natural disasters such as floods and earthquakes, you may only be stuck with only one state-sponsored home insurance policy as part of a high-risk pool of homeowners. If this is the case, try waiting for a little more if you think it is worth the risk, as there are many insurance companies both big and small who are also willing to break into the high-risk market.
This Blog was brought to you by Falcon Insurance Services in San Antonio and South Texas
In recent years, there have been more and more businesses popping up which allows customers to rent RVs for vacations. Rather than having to commit to purchasing an RV and all that entails, you can simply rent one for however long you need it and then return it after the trip. On the surface, there is a lot to like about this plan. But, does it really work as good as it sounds? In order to decide if renting an RV is a good idea for you and your family, you will need to consider a few different elements. As with any consumer decision, there are both pros and cons to be found with renting an RV. In the end, you will have to decide which side wins out, and if renting an RV is something you could benefit from.
Renting Can Be a Good Intro to the RV Lifestyle
If you are someone who has never traveled in an RV or haven’t since you were a child, renting an RV can be a good option to get a little experience and find out how much you like it. It would be pretty risky to spend tens of thousands of dollars on a new RV without even knowing how much you will enjoy using it, so renting could be a good way to start. You will be able to enjoy a short trip for limited financial investment, and find out what you and your family think of this mode of vacationing. If you find that you enjoy it, you can start to consider the possibility of purchasing your own RV down the road. If not, you will have only spend a relatively small amount of money, and you can move on to other kinds of travel.
It Gets Expensive Quickly
For those who already know they enjoy RV traveling, renting a rig can get expensive in a hurry. While you might think that you would be better off just renting an RV for the one or two trips a year that you want to take, the math will quickly show you otherwise. When you start to add up not only the rental fee for the RV but also all the other related expenses, you will see that it is no bargain if you are going to do it on a regular basis. When you purchase an RV, you have the possibility of recouping some of that purchase price when you decide to sell it later on. That is not the case with a rental – once you pay for the rental RV trip, that money is spent and it’s not coming back.
No Sense of Ownership
Part of the allure of traveling in an RV is that you can feel like part of the home is coming along with you for the trip. You can appoint your own RV with a variety of decorations and touches that remind you of home, and you will get more and more comfortable with your RV as you take more and more trips. That won’t be the case in a rental. Basically, you will be traveling in a hotel room on wheels, and space will feel generic and unfamiliar. That isn’t to say that you can’t have fun on a trip in a rental RV, because you can – but it will never be the same as traveling in your own rig.
Consider it for Unique Opportunities
There are certain places – such as National Parks for example – that often don’t have hotel rooms available for you to stay in. If you want to visit these places and see everything that they have to offer, you might need to camp in either an RV or a tent. To avoid having to tent camp, renting an RV may be a perfect solution. If you don’t think you will want to RV travel on a regular basis but would love to see one or two specific destinations, opting for the rental option might be the right call.
For most people, renting an RV is a good option only on a limited basis, and for special occasions. If you are going to RV on even a semi-regular basis, it will likely be to your benefit to purchase an RV rather than paying rental fees for each trip. Unless you are just getting started in RV’ing and wish to experience what it is all about without committing to a purchase, renting an RV is just too expensive to make sense in the long run.
This Blog was posted by Coastal Breeze RV Resort in Rockport Texas
Some Things Have No Value At Auction, Some Things Have No Value Anywhere.
Auctioneers deal with a lot of normal everyday stuff. We run an auction company and for every $100,000 plus a vintage comic book I have ever sold, I have sold 100,000 almost worthless things. OK, some of them wound up having worth (but not much) because for one reason or another someone paid me for them. I may have had to put them into boxes, and grouped up a bunch of the boxes to sell them. At some point, someone wants you to move on and will pay you $2.50 for the group-O-boxes so you will quit yammering, get on with it, and go sell what they came for.
We conducted an auction a few years ago. We had a good crowd and the sale went fine, and we had a treadmill in the basement. A big, heavy almost worthless treadmill. I sold it for waaaaay more than I normally get for a treadmill and thought we did great. In fact, whenever I tell another auctioneer that I once sold a used treadmill for $375 they don’t believe me, it’s like some sort of treadmill world record I think. The owner thought otherwise. It started me thinking about a TV show that needs to be produced “The Common Crap Road Show.” It might look like this…..
In a large room, people wait patiently in line clutching their “treasures”, things like Wheaties boxes from the ’90s, new baseball cards, comic books from 2010, etc. The walls behind them are draped with banners saying things like National Geographic/Readers Digest, Avon, and Bennie Babies! Under the banner marked Exercise Equipment, the expert is just starting to talk to Bob. Let’s listen in.
Expert: “Well Bob, why don’t you tell us about your item?” Bob: “I have a great treadmill. It’s like brand new, I got it right after Christmas and only used it once.”
Expert: “Yes you and 2 million other people purchased one of these, it is the Jogger 2010 the best selling treadmill of all time. It is as common as a treadmill gets! In fact, it may be the most common piece of exercise equipment ever. So, what do you think it is worth?” Bob: “I was hoping at least $1,500 because that is what I paid for it last December.”
Expert: “Well Bob, I have a copy of your receipt and it appears you only paid $1,400 for it and that included their “free” delivery. Bob, you realize of course that 1) you paid only $1,400 for this treadmill, not $1,500, and 2) that included an industry-standard $200 delivery fee, right?” Bob: “But that was a year ago, it should be worth more now. The new ones cost more, shouldn’t mine be worth more not too?
Expert: “It doesn’t work that way, Bob. Do you own a car?” Bob: “Sure, I think almost everyone owns a car.” Expert: “When you bought your new car, did it go up in price or down.” Bob: “Well, down, but this is different, this is a treadmill, not a car!”
Expert: “Right you are Bob, people need cars. A treadmill provides its user with the same thing that they have without a treadmill. They can walk and run, only now the can do it on a thing that takes up a lot of space, is incredibly heavy and loses value faster than fireworks.” Bob: “You mean my treadmill is no longer worth $1,600?”
Expert: “No, Bob I’m afraid that in its current location (here in a large hall full of silly people who buy wrong, but with easy access to overhead doors) and its current condition I’d say your treadmill is worth $300, but if you take it home and put it in your garage it might be worth $50 to $75 but back in your basement it is worth perhaps $5 on a good day. Remember most people who want a treadmill need exercise and are out of shape so they can’t get one of these monsters up the steps.” Host, well that’s all the time we have today, join us next time when we will showcase a collection of used sleeper sofas!
By the way, the store that posted the picture of the worthless Avon bottle on Pinterest to try and drive traffic to their online store is now out of business. Not to worry, a quick check turned up another optimist over at Etsy with the same car (only this one has its cap!) and it’s only $7, but you better hurry before they go out of business too.