Let us create a 3d Digital eBook for you! DigyCat.com
Are You Sure That Heirloom Oriental Rug From Your Aunt Hilda Is Really Insured?
Gone are the days of the cinder block and wood plank bookcases. You've come along way from that old reliable jut rug and CDs (or in some cases, actual vinyl albums) stored in milk crates. That's the way it is with first apartments, and sometimes second and third apartments too. It's what you were able to afford when you first set out own your own. And it was fun, sort of. But today's a new day, and you've paid your dues and then some. You're the king or queen of your own castle, a castle as well-appointed as any luxury model home, with beautiful area rugs, antique furnishings, and other treasurers that you'd hate ever to see lost.
Because your home, and to a certain extent the items in that furnish it, will most likely be the best investment you're likely to make, it's important to protect this investment and those items that enhance it. The simplest way to do this is to make sure that you are carrying adequate insurance coverage on your home and its furnishings.
How Much Coverage is Enough?
Determining the amount of coverage needed is crucial. Say, that beautiful oriental rug once belonging to Great Aunt Hilda has finally come to rest in your hands, only to be irrevocably damaged when someone at the party you're hosting spills Merlot on it. Other than frantically going at it on all fours, with club soda and Baby Wipes to the delight of your guests, what would you need to do in order to be "made whole" again, and most importantly, stop Great Aunt Hilda from spinning in her grave?
First, if you own your home and have a mortgage on it held by a bank, then you will be required to maintain adequate coverage on the "dwelling," the actual building which makes up the structure of your home for the life of the loan. The lender recognizes the value of this investment, and will make sure that their investment is protected by requiring it be adequately covered by insurance. But how does this insurance coverage extend to Great Aunt Hilda's prized Persian rugs and all the other furnishings that adorn the inside of your castle/home?
An insurance agent writing a policy on your home will probably leave an estimation of the value of your home's contents to your discretion. Your insurance agent may even ask you directly: "How much do you think your household contents are worth?" Following this query with yet another you may or may not feel qualified to answer: "Is that replacement or actual estimated value?" Your agent may encourage you to opt for coverage that allows for those lost items to be either made whole again either by: repair, replacement or receipt of cash payment--as most common household furnishings (other than fine art and other collectables), depreciate considerably in value with time.
But what about those two rare oriental rugs left to you by dear Aunt Hilda? Will you be expected to determine the value for these items? Well, not exactly. It's one thing for you to estimate the value of last year's CD player for $129, when it's costs may be closer to $89, and quite another for you to estimate the value of a pair of rugs at $5000 each. Because you are limited to $1000 coverage per theft on these types of items when claimed under your Homeowner's policy, an estimation of $5000 for each rug under your standard policy would only you provide with $1000 worth of coverage, for items you say are worth closer to $10,000. That's why you may want to consider covering such items, those you value at over $1,000, with a Schedule to your Homeowner's policy.
Whether or not your household items merit the inclusion of a Schedule should be determined by you, the homeowner, assisted by your insurance agent. This way, with a little additional coverage, your Aunt Hilda's treasured rugs may exist to be passed on to the next generation.
Willett Thomas (email@example.com)is a freelance writer living in the Brookland section of Washington, D.C.
Insurance - Google News
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Accident Insurance Claim Personal Injury Insights
There's nothing that has a greater impact on evaluating a personal injury insurance claim than the damage done to your body, the medical bills that are a direct result of that injury and the "pain and suffering" you were forced to deal with.Besides botching up your body (and sometimes your love life) what else does the injury mean to you? It means a ton of financial expense's, including repairing your motor vehicle, lost wages, a shock to your life style, a tremendous inconvenience and short or long periods of pain and discomfort - - all of it a direct result of your injuries.
Guide to Life Insurance
Here is a useful guide to life insurance. Simply put, a life insurance policy provides a lump sum payment upon death of the policy holder.
Health Insurance for the Beginner
When it comes to your family, selecting the right health insurance plan could be one of the most crucial decisions you ever make. There are so many choices, but in a sense, for your loved ones there will never be enough.
How Do I Lower My Auto Insurance Rates?
Since there are many factors that go into determining your auto insurance rates, there are many chances to lower your rates. If you change jobs and your drive to work changes or you stop working or you work from home, you should contact your insurance company.
Poor call centre performances driving motorists online for insurance
In their efforts to cut costs more and more finance companies are looking to use offshore call centres to provide their customer services and administration. This is especially prevalent in the insurance industry, where it seems as if there is a newspaper announcement of previously UK based services migrating abroad every day.
What is Travel Insurance?
Travel Insurance is designed to protect your health, belongings, and your financial investment in your trip. It provides peace of mind for you and your family while on your vacation.
Six Crucial Insurance Claim Possibilities
There are DOZENS of insurance claim possibilities which will increase the dollars awarded you in the settlement of your personal injury insurance claim. Some of them rarely see the light of day but some do.
Travel Insurance Might Be Just What You Need!
Travel insurance is something that many people haven't considered. Sure, it's possible that you may never have to access your travel insurance, but just having it can really give you peace of mind.
Health Insurance Plans - Benefits to Different Plans & Providers
Health insurance plans vary in their coverage and prices. The more coverage offered, the higher the premiums.
Is an HSA a Type of Insurance?
A Health Savings Account (HSA) is not a type of health insurance. But that's an easy mistake to make!HSAs are closely associated to health insurance, although they do not provide any insurance benefits themselves.
Know Your Own Worth: A Practical Insight Into Covering Up
Almost anything can be insured these days: breasts, legs, your goldfish, your mental health, physical health, your own life, your child's life. You can insure against the bad weather, good weather, political events?.
How To Get Cheap Whole Life Insurance Quotes
Whole life insurance quotes the most expensive kind of policies that are on the market due the fact of cash value over time. Whole life insurance is permanent life insurance coverage that lasts as long as you live and continue to make ontime premium payments.
Term Life Insurance Help
Life insurance can be a very scary thing. If you buy insurance when you're 30, but don't die until you're 90, chances are you're going to come out on the loosing end of insurance.
The Many Benefits of Travel Protection Plans
Many people purchase insurance thinking I want full coverage and once I get it I will be covered for every event that may befall my vehicle. But then they begin to question if every type of incident is covered with full coverage.
Term Life Insurance - Buy Term and Invest the Difference!
The phrase "BUY TERM AND INVEST THE DIFFERENCE" evolves around the concept of term life policy which is a basic protection policy and the endowment/ whole life policy which has protection and investment/saving features. To put it simply, the phrase means that instead of taking up the endowment/whole life policy, an individual should buy a term policy for protection and the difference between the premiums of the two policies is to be invested by the individual himself to earn some dividend on the investment.
Why Do You Need Homeowners Insurance?
The biggest single investment most people make in their lifetime is buying a home, condominium or townhouse. What you want to do is protect your home, personal property and any type of liability with a homeowner's insurance policy.
Natures Fury - Time to Check Your Insurance
The communities of Exmouth and Moora in Western Australia don't have a lot in common with Sydney.But this year there is a uniting bond.
Finding a Discount Car Insurance Broker
Discount car insurance brokerTimes past finding a discount insurance broker was important and offered you access to many different outlets for your needs. Today that's no longer the case as finding a discount insurance broker doesn't really provide you with any benefits or advantages as it once did.
Individual or Family Health Insurance Options
As more and more individuals working at home with or without families find themselves without some kind of group health insurance. Sometimes even working at a job, no health insurance is even offered.
Auto Insurance Rates
Auto insurance rates will vary depending on the insurance agency, your driving record, and the type of insurance you are looking to purchase. I you are looking for affordable car insurance or truck insurance then read on.
DigyCat Domain Is For Sale - $105,000 For Enquiries eMail Us
© www.DigyCat.com - 2012