By Tabitha Richert Repairing your windows with replacement glass or an entire window replacement can be a great move if you’re looking to upgrade your energy efficiency, or can be a must if the windows have been damaged in an accident or weather event. But the reasons for the replacement and other details of the […]
By Celeste Stewart The pandemic is no doubt an exciting time for sellers. With high demand and everyone fighting over scarce inventory, it would seem like selling your home should be easy. However, there are some things you need to think about before putting up that “For Sale” sign. Here are three tips to help […]
You may get plenty of privacy from your out of town landlord, but that counts for little when water’s gushing through your apartment like Niagara Falls and your landlord lives three states away. Protect yourself against such frustrations with these top tips. Deposit the Rent Establish an easy way to pay rent before you sign […]
The errors and omissions (E&O) insurance policy covered the professional’s financial liability.
Taking out professional liability insurance is not uncommon for businesses. And while it is only occasionally required, some choose to purchase it anyway. Why? This type of coverage can come in handy if anything goes wrong with a printing press, financial advice, organized event, or a recently sold real estate property. And while issues like […]
It’s to your benefit to remember that as a home buyer, you are the customer when searching for a new home. As a customer, you can often negotiate specific items with a seller on a home that you’re serious about purchasing. Keep reading to unpack seven things you can typically negotiate when purchasing a home. […]
HOAs are generally created by and within the neighborhoods of privately owned houses or condominiums. As mentioned before, HOA is a type of community association, which is a general term for various union forms.
For savvy investors, flipping houses can be a very profitable venture. In the current market, interest rates remain low, making it a good time to purchase properties. However, it is important to realize that flipping house can be difficult, and interested investors must take the time to learn from those who have gone before them. If […]
A lot of people live in rented apartments nowadays. Since a house of one’s own is very hard to afford, quite a number of people around the world have to live in lodgings. Finding a rental property is not difficult; finding the one that is perfect for you, however, is a horse of a different […]
Being exposed to various risks and losses is an integral part of everyday life. That is why obtaining a practical understanding of how insurance works is crucial for identifying your needs and taking out appropriate coverage. Besides, collecting baseline information on an insurance policy can make a difference when it comes to its suitability and […]
Real estate (buildings) insurance (also known as landlord or homeowners insurance) is one of the few types of insurance that covers everything related to your home. The other types of insurance usually have quotes that provide coverage to personal belongings. In essence, buildings insurance covers the cost of repairs your house may need if it is damaged.
The difference between buildings and apartments insurance policies is that you don’t need a building policy in case you are a tenant or renting a house.
Differences between the real estate and apartments coverage plans are out of the way, it is time to figure out what is actually covered in a regular building insurance plan. The damages that are covered in buildings insurance usually include:
General wear and tear are not among the common factors typically included and covered by a policy. Likewise, leaking gutters, pests, and frost damage are not common parts of an insurance policy covering a building. That being said, depending on where you live and the carrier plans, there can be exceptions made to standard insurance plans.
The average cost of homeowners insurance in 2021 is close to $1,585 a year. That said, the prices and quote rates will vary by state. The monthly costs of a building insurance policy would range from $125 to $132, depending on the size of your house and the city and the state you live in.