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Digg it UP - Homeowner's Insurance 101: What You Need to Know About Home Insurance
In issue # 28 (see http://www.home-business-network.com/profiles28.html) we profiled a brand-new internet startup called AllPiercings.com. A couple (Erik & Dawn Olsen) were launching their first venture selling "physical products" online, and allowed us a glimpse into their thoughts and challenges involved in starting such a business on a shoestring. This is a follow-up roughly six months later...Tiffany: Well Erik, how are things going at www.AllPiercings.com ?
HO-3: A broad policy that covers against all perils except for exclusions such as damage from earthquake, flood, war or landslides. Its extensive coverage makes the HO-3 coverage the most commonly purchased policy.
Other homeowner’s policies are available for condos, mobile homes and older homes. Your homeowner’s insurance agent will discuss s
Establishing credit is one of the most important things you can do in order to add stability to your financial record and dramatically increase your ability to borrow necessary funds in order to purchase a new home, new car or even pay for college expenses. Unfortunately credit has two sides to it that consumers can exploit. The good side is very valuable and prevents consumers from having to save for many years in order to afford the finer things in life. The bad or dark side of credit can lead to individuals amassing large amounts of debt they event
The Basics
Homeowner’s insurance provides protection against calamities that affect the structure of your home and your possessions.
A standard policy has two main functions:
- Protects your home and its contents from damage or loss
- Protects you and your family members from legal damages that may arise from someone who’s been injured on your property
Your policy will also provide you with additional living expenses if you are temporarily unable to stay in your home after a damage or loss. Without these protections, you leave your home and your most valuable possessions at risk for loss—a risk most homeowners can’t afford to take.
Policy Types
There are different types of home insurance available to you, with varying protections and premium amounts. Knowing what you need from a policy before you buy will help you select the right policy and help you to avoid purchasing more than what you need.
The three main types of home insurance policies are HO-1, HO-2 and HO-3:
HO-1: A bare-bones policy that covers basic perils like fire and smoke; wind and hail damage; and theft and vandalism. Because of its limited coverage, however, many states are discontinuing the HO-1 policy, and your agent will almost certainly encourage you to purchase a policy that covers more perils.HO-2: A basic policy that protects against the same perils covered under an HO-1 policy, plus six more. Additional coverages include water damage from plumbing and home appliances; falling objects; and damage from the weight of snow or ice.
HO-3: A broad policy that covers against all perils except for exclusions such as damage from earthquake, flood, war or landslides. Its extensive coverage makes the HO-3 coverage the most commonly purchased policy.
Other homeowner’s policies are available for condos, mobile homes and older homes. Your homeowner’s insurance agent will discuss s
When you make the decision to try your hand at Internet marketing, the first idea may be to create an Internet marketing product! This is common among newbie ‘net marketers, because they know they buy marketing info products, so others will, too.Is it true that the Internet marketing niche is already too saturated? In a way, yes. But if you can create a unique slant on an old idea, then you can definitely prosper just as well as the others who dropped anchor in this niche years ago.The World Wide Web is always changing, and new things ar
A standard policy has two main functions:
- Protects your home and its contents from damage or loss
- Protects you and your family members from legal damages that may arise from someone who’s been injured on your property
Your policy will also provide you with additional living expenses if you are temporarily unable to stay in your home after a damage or loss. Without these protections, you leave your home and your most valuable possessions at risk for loss—a risk most homeowners can’t afford to take.
Policy Types
There are different types of home insurance available to you, with varying protections and premium amounts. Knowing what you need from a policy before you buy will help you select the right policy and help you to avoid purchasing more than what you need.
The three main types of home insurance policies are HO-1, HO-2 and HO-3:
HO-1: A bare-bones policy that covers basic perils like fire and smoke; wind and hail damage; and theft and vandalism. Because of its limited coverage, however, many states are discontinuing the HO-1 policy, and your agent will almost certainly encourage you to purchase a policy that covers more perils.HO-2: A basic policy that protects against the same perils covered under an HO-1 policy, plus six more. Additional coverages include water damage from plumbing and home appliances; falling objects; and damage from the weight of snow or ice.
HO-3: A broad policy that covers against all perils except for exclusions such as damage from earthquake, flood, war or landslides. Its extensive coverage makes the HO-3 coverage the most commonly purchased policy.
Other homeowner’s policies are available for condos, mobile homes and older homes. Your homeowner’s insurance agent will discuss s
Online trading has gained popularity over the years because people from all backgrounds find it to be a more convenient way to trade stocks and bonds. In the past, online traders only made small deals or purchasers in order to pick up a little extra money. There are still people who go for this method of trading online, however, a lot of people now want to deal in large sums of money and take bigger risks on the stock market.One of the main advantages of online trading is that you will have more opportunities to profit since you will not anymore n
Policy Types
There are different types of home insurance available to you, with varying protections and premium amounts. Knowing what you need from a policy before you buy will help you select the right policy and help you to avoid purchasing more than what you need.
The three main types of home insurance policies are HO-1, HO-2 and HO-3:
HO-1: A bare-bones policy that covers basic perils like fire and smoke; wind and hail damage; and theft and vandalism. Because of its limited coverage, however, many states are discontinuing the HO-1 policy, and your agent will almost certainly encourage you to purchase a policy that covers more perils.HO-2: A basic policy that protects against the same perils covered under an HO-1 policy, plus six more. Additional coverages include water damage from plumbing and home appliances; falling objects; and damage from the weight of snow or ice.
HO-3: A broad policy that covers against all perils except for exclusions such as damage from earthquake, flood, war or landslides. Its extensive coverage makes the HO-3 coverage the most commonly purchased policy.
Other homeowner’s policies are available for condos, mobile homes and older homes. Your homeowner’s insurance agent will discuss s
After watching sales decrease year after year, this year I'll try something new. If this sounds like your company then read on. There was a time when you built your business over a number of years, then just waited for your repeat business. Repeat business is no more a given. Times are tougher, competition is tougher and there are more players selling the same stuff.It really doesn't matter what business you're in. I'll describe my business and how it has evolved. I started off as a forms distributor when every company started using computers with
HO-1: A bare-bones policy that covers basic perils like fire and smoke; wind and hail damage; and theft and vandalism. Because of its limited coverage, however, many states are discontinuing the HO-1 policy, and your agent will almost certainly encourage you to purchase a policy that covers more perils.HO-2: A basic policy that protects against the same perils covered under an HO-1 policy, plus six more. Additional coverages include water damage from plumbing and home appliances; falling objects; and damage from the weight of snow or ice.
HO-3: A broad policy that covers against all perils except for exclusions such as damage from earthquake, flood, war or landslides. Its extensive coverage makes the HO-3 coverage the most commonly purchased policy.
Other homeowner’s policies are available for condos, mobile homes and older homes. Your homeowner’s insurance agent will discuss s
A business line of credit is one of the most popular forms of business loans. For the business owner or operator, particularly for small businesses, a business line of credit can be a lifeline of financing that can allow them to pay their bills, meet their payroll and continue to operate even when times are tough or business is slower than usual. For banks and lending institutions it allows them to hold the business on a short credit lease while they determine their viability in the marketplace.The good news about a business line of credit is that
HO-3: A broad policy that covers against all perils except for exclusions such as damage from earthquake, flood, war or landslides. Its extensive coverage makes the HO-3 coverage the most commonly purchased policy.
Other homeowner’s policies are available for condos, mobile homes and older homes. Your homeowner’s insurance agent will discuss special types of policies with you if they apply to you.
Level of Coverage
After you’ve chose a policy type, you’ll need to determine the level of coverage you want.
Generally speaking, you have three options:
Actual Cash Value: This level of coverage pays to replace your home and possessions minus the cost of depreciation. This means you may receive less for your home or items than you originally paid for them.Replacement Cost: This level of coverage pays whatever it costs to repair or replace your home and possessions without a deduction for depreciation.
Guaranteed Replacement Cost: This level of coverage pays whatever it costs to rebuild your home and replace possessions before the damage took place, even if it exceeds your policy limit. This can protect you from increases in construction costs and other such variables.
While replacement cost policies often cost more money, the level of protection will be well worth it if you ever experience a significant loss or damage to your home.
A Word about Additional Coverage
Flood and earthquake coverage is not covered under standard home insurance policies, much to the surprise of many homeowners. Additional coverage can be purchased through your home insurance agent, as well as through federal programs like the National Flood Insurance Program (NFIP).
While homeowners living in high-risk areas may be required to purchase these types of additional coverage, you may want to purchase some level of additional coverage to boost your protection. Be sure to ask your agent about extra coverages and how you can adequately protect your home from calamities not covered in a standard policy.
Protect Your Home Today.
Living without home insurance is living on the edge. Protect your home and your wall
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