I’m thinking about moving to California. How much is renters insurance there? The average cost of renters insurance in California – calculated for $100,000 in liability coverage, $20,00 in personal property coverage, and a $500 deductible – is about $20 per month, or $240 per year. It is 50% more than the country’s average, making […]
Is home title insurance a significant expense? How much does it usually cost? The cost of your home and the size of your mortgage will determine the cost of your home title insurance. In the US, title insurance typically costs 0.4% to 0.5% of the purchase price. This amounted to around $540 for a lender’s […]
I am faced with a home inspection next week, but I’m not sure how it works on the inside. What do they check? A home inspection is crucial for getting homeowners insurance. During a home inspection, your insurance company looks for any safety risks and ensures you correctly value your property and possessions. They do […]
Our bank requests that we get the lender’s title insurance based on a review of the documents. Our real estate agent says we also have to buy an owner’s title insurance policy in addition to our down payment. But isn’t the seller supposed to provide that? First of all, let’s clarify between the owner’s and […]
I’ve just relocated to Las Vegas and found out that auto insurance is expensive in Vegas. Why is it so? Las Vegas car insurance is expensive because of its large population, tourist traffic (more than 32 million visitors a year), high crime rate, and frequent accidents, including fatal ones. There are often more than one […]
I’ve been having problems with my car radio lately. Will my auto insurance cover electrical issues? Whether your insurance will cover the damage depends on the source of the damage. Standard car insurance does not cover everyday maintenance (which corroded wiring likely is unless caused by a peril) and routine repairs, such as changing or […]
I am planning to purchase home insurance for the first time, but I have no idea how much it will cost and how much of it I need. How do you determine the cost of your home insurance? Your home insurance cost depends on location, credit score, type of coverage, and many more factors. For […]
I would like to know if I should buy warranty insurance for my home. How much does it cost? Your home warranty can help you repair your major appliances or other home systems – for example, HVAC and plumbing systems, washer, dryer, dishwasher, oven, refrigerator, etc. – if they break down. Note that your basic […]
I just bought my first home, and I am worried about all the different types of insurance I will have to buy. What deductible should I choose for my home insurance? Deductibles work as follows: For instance, if you needed to pay $3,000 for a home repair and had a $1,000 deductible, you would pay […]
I’m considering changing my insurance, but I’d like to know how far back into your driving history an insurance company can look when giving you a quote. Insurance companies often look back from 3 to 5 years to assess your risk as a driver. A speeding ticket, road accident, or other violation will likely increase […]
