The U.S has more than 11 million landlords, and a new rental unit becomes available every 80 seconds, according to statistics. As the number of rental units increases, your responsibilities as a rental property owner grow as well.
Aside from finding good tenants, the property’s maintenance and upkeep are your responsibilities as well. However, no matter how careful you are, there are unavoidable circumstances that could damage your rental property, such as vandalism or storm. To keep you away from these problems and to protect the area, consider getting landlord insurance.
Umbrella insurance, contrary to what you might think, is not getting protection for your shelter against rain. But it does give you additional protection on unexpected circumstances life throws at you. Here are some points you must know on umbrella policies, and why you should rush to get one now.
Keeping your car in tip top shape is something every vehicle owner must remember. Our vehicles are an integral part of our every day and not having them around will hamper our daily schedules, moods, energy, and finances.
To help you make sure your car is as healthy as it can be, here are a few details you should take note of:
Traffic accidents claim over a million lives per year. Ranked eighth among the leading causes of death worldwide, it is the leading cause of death for 5 to 29-year-olds. Pedestrians, cyclists and motorcycle riders amount to half of the total number of casualties brought by road traffic crashes.
The sad thing is that these accidents could have been avoided with responsible and proper driving. Countries around the globe are working to create and enact laws to prevent or mitigate the damage from road crashes. Technology is also finding its way to assist in this endeavor.
Since the advent of social media some years back, it has taken a massive influence in daily dealings and trends. Giving a voice to almost everyone, it can dictate the latest fashion styles and make or break celebrities with viral videos. Social media has also been the medium of choice for social movements to express and gain widespread attention.
Social movements have been going on for a long time. The rise of social media and the internet, in general, has given it a louder and more commanding voice. A voice so strong, even insurance trends are being affected by these movements in social media.
Despite the fact that different owners will have the same amount of coverage for homeowner’s insurance, they will pay different costs of premiums. This is because the insurance provider considers numerous factors whenever they calculate a person’s rates. However, there are some people who do not qualify for homeowner’s insurance simply because they do not meet the set minimum required standards of the insurance company. Here are some conditions that render someone ineligible for homeowner’s insurance.
Landlord insurance is a type of property insurance that protects landlords against abusive tenants. This type of insurance is required when it comes to investment properties. Typically, you pay a higher premium for landlord insurance compared to a homeowner’s policy. You need to know the exact coverage of your landlord insurance. Your landlord property insurance should include the following basic components.
Did you know that there are limits to the liability policy of your auto and homeowners insurance? Liability is part of the policy for both insurance that covers medical bills, therapy, and lost wages. It also covers legal expenses such as the fee for your attorney.
When you sum it up, standard liability insurance cannot cover all the legal and medical fees that you need to pay to the plaintiff. This is where umbrella insurance should enter the picture. It provides an added layer of protection, which can be useful in dealing with bills.
How do you go about it if you own several cars and would like to buy auto insurance? First of all, know that most insurers allow the insured to include up to four cars on a single policy. By doing this, you will have a lower premium compared to buying a separate policy for each of your vehicles.
Some insurance agents recommend getting separate auto insurance for teenage drivers in the family while keeping a multi-car policy for the parents. This option can be less expensive for the family. You may shop around and ask for quotes from different insurance companies.
Wood dust around your property? Then you may have a termite problem. A termite looks small and insignificant but when a colony starts gnawing on your foundation, then you got a really huge headache. And the last thing you’ll need if you want to sell your home is termites. Should you disclose a termite problem or not, when selling your property?