Comments on: What Can You Do to Lower Your House Insurance?

By: Galactus

Galactus — Thu, 11 Feb 2010 17:11:52 +0000

Good question, I'm not sure. I also recently switched insurance companies, but in my mortgage, I'm responsible for it. No money is taken out for insurance. Alot of Texas loans are setup this way. In your case, I would contact your mortgage company and try to get it adjusted to the new rate (which means they will be charging you less per year). Its best homeowners shop around for insurance, mortgage companies certainly won't, what do they care about saving you money.
Good luck!

By: MICHAEL A

MICHAEL A — Thu, 11 Feb 2010 15:01:34 +0000

The coverage limit of your homeowners policy is based on the cost to build your home as is. Construction cost. Not market value. Although the market value has gone down….the cost of construction materials has gone up.

By: lissette b

lissette b — Thu, 11 Feb 2010 13:22:31 +0000

I'm from Miami & was having trouble finding a home policy. Other than Citizens the best I found was at: http://www.insureme.com/landing.aspx?Refby=613178&Type=home

By: dontknow86

dontknow86 — Wed, 10 Feb 2010 20:51:11 +0000

There could be many reasons for the increase in your insurance rates, not the least of which is the large claims insurance companies are having to pay as a result of disasters like Katrina. The costs are commonly spread among all policy holders to one extent or another.

Best advice is to review your policies with your Nationwide agent and get an explanation for the increases. Next step would be to shop around for coverage with other insurance companies based on the same coverages so you can compare fairly. Don't be afraid to switch companies.

I think it is essential to sit down with your family attorney every two years and review all insurance policies and coverages. Needs change over time. Laws effecting insurance companies and policy holders also change over time. For the small amount of money you will spend for your attorney's advice, you will be paid back in spades. This routine has saved my bacon a couple of times over the years.

Good luck with your situation.

By: lonely as a cloud

lonely as a cloud — Wed, 10 Feb 2010 17:23:44 +0000

yes if thet have been stolen they should be able to help you in some way even if it is replace them and charge you a fee. you could claim against your insurance but they might no accept the claim. speak to the council they may accept instalment plan but do not tell them about your major habit

By: gargindia

gargindia — Wed, 10 Feb 2010 13:30:47 +0000

Appears mostly the Midwest. See the link below. Wisconsin, Iowa, ND and SD are probably your best bets. Housing would likely follow suit apart from some of the larger metro areas.

http://www.insurancenewsnet.com/article.asp?a=top_pc&neid=200612071180.3.129_b4ba0015800019b9

By: jean s

jean s — Tue, 09 Feb 2010 07:41:41 +0000

interest only loans are no good…you should consider workin two jobs for extra income or maybe rent out a room…and refinance as sonn as possible…

By: brad

brad — Mon, 08 Feb 2010 23:49:07 +0000

It probably was in the papers you signed – that if you got behind in taxes or insurance that it would then be in an escrow. It's nicer of them to do this than to foreclose, don't you think?

By: PrayerLady

PrayerLady — Mon, 08 Feb 2010 16:53:54 +0000

You should talk to your agent. I do not know your market, but I would drop to 74,500. This opens you up to another market of people searching under 75k.

By: pamiekins

pamiekins — Mon, 08 Feb 2010 15:39:58 +0000

Get good grades so you can get the "good student" discount, put your name on your parents' cheapest and oldest car only, and tell the company exactly how many miles a month you plan to drive and where.