Category Archives: Excess Car Insurance

Personal Property Claims – The “Gotcha” In Every Property Policy

Everyone has at least heard of real estate once. In the world of investing, there are many different models. Real estate property is one of the many investment models. Their rates of return are as high as the profits from stock market. Of course, every investment comes with a certain amount of risk. Investing with real estate is no different from that fact.

No Liability. Unlike other types of real estate investing, there is no liability with a tax lien. When you purchase a tax lien, you are not purchasing the property and you don’t have any liability for it. You don’t need

F) Don’t buy a home in a locality that has a high crime rate. Buying homes in such places attract higher rates in home insurance. And, even if you think a neighborhood is a crime-free area, do your very best to confirm. You can call up an insurance agent or insurance office and ask. The home on the adjacent street could be grouped into a low crime district while yours is zoned to a high crime district.

Remember, if someone injures him or herself on any part of your property, you’re liable. In fact, you’re liable even if they are trespassing. You could be taken to court by someone who was not even supposed to be on your property in the first place. Remember to get homeowners insurance in a timely manner.

We sometimes want to renovate our home. No, you’re not thinking about insurance at that moment. You want to make sure that your house is just the way you want it with everything working perfectly well.

When you find yourself 62 or older and have a bit of equity in your residence, a reverse mortgage can work for your needs. What you’ll be able to get is dependent on how old you are as well as the mortgage rates. Speak to a trained specialist if you would like to obtain an estimate on how much you can receive and what it will set you back.

What if your insurer refuses to give you discounts because some companies don’t have non-smokers discounts? Then it’s time to shop for an insurer who does unless you have something else to make your continued stay with such an insurance company worthwhile.

Elderly people are authorized to defer property taxes in Oregon. This is a good help to whoever has a quite stretched budget. Just remember though, whenever the title is transferred, or a home refinance loan is conducted on the home, the property taxes will need to be taken current.

The bottom line is that the higher the excess you choose on your policy the lower the premium. By choosing to take a higher voluntary excess you could save up to 20% on your insurance premium.

The most important step after a fire is to call your home insurance provider. Because of the severity and urgency of a house fire, insurance companies tend to make fire claims their top priority. Your home insurance provider can refer fire restoration companies who can complete the initial cleanup and drying process. You should also discuss what is covered in your policy and what isn’t.After your house has been through the first cleanup, you can then move on to a contractor who can restore your house. Have your contractors fill out the proper insurance forms and keep an open line of communication with your insurance provider throughout the restoration process.

Why you might want excess car insurance

Just like many a motorist, you may diligently compare insurance quotes each year to ensure that the price you are paying remains competitive. There may be one aspect of any motor policy, however, that goes largely unnoticed – the excess.

A reappraisal of the excess you accept – and pay in the event of a claim – may have a significant bearing on the overall cost of your motor insurance:

  • a typical motor policy is likely to incorporate a so-called compulsory excess – you are required to accept that you foot the bill for the first part of any claim, up to the amount of the amount agreed;
  • essentially, this represents your share of the risk against loss or damage to the car – if your insurer agrees to settle any claim you may make, this is the amount that you are required to contribute;
  • because that amount may assume quite significant proportions, you may want to consider putting in place an entirely separate, supplementary, but standalone insurance against your liability for any such excess;
  • this kind of top-up cover is readily available from specialist providers and operates in an eminently straight forward fashion – in the event of a claim on your motor insurance, you simply pay the required excess, but immediately seek compensation of that amount from the excess insurance provider;
  • cover against any compulsory excess, however, is not the only benefit of this type of insurance;
  • when conducting your review of the cost of motor insurance, you are likely to have taken into account the discounts invariably available if you agree to an additional, “voluntary” access – that is, if you agree to accept a greater share of the risk in protecting your vehicle against loss or damage;
  • in return for such an agreement, your insurer typically offers significantly reduced premiums – your share of the risk is increased and the maximum liability of the insurer is correspondingly reduced;
  • if you have taken the precaution of arranging a separate excess car insurance policy, therefore, you may feel entirely confident in agreeing to take on such an increased voluntary excess – not only to secure reduced premiums on the underlying cover, but also secure in the knowledge that any level of excess is already safely covered.

By insuring your exposure to an increased excess in this way, therefore, you may enjoy not only the freedom from needing to foot the bill for your contribution to the settlement of any claim but also reap the rewards of lower premiums for your motor insurance.