Even folks who don’t invest in real estate can face selling a residence. This series will discuss preparing the house for sale, selecting an agent vs selling it yourself, setting an asking price, mineral rights, marketing and showing the house, negotiations, and the closing.
Although there are different policies for homeowners and tenants (renters) and even condominium owners, in the U.S. there are standardized basic forms that insurance companies must use for most homeowner’s insurance (with the exception of Texas, which still makes state unique forms available, too.) This makes comparing coverage offers from different insurance companies somewhat easier if you know which coverage forms they are quoting and what limits/deductibles they include. You also need to know if they have any special endorsements restricting or broadening coverage. For homeowners, policies that include your home and personal property come in three flavors – basic, broad, and special. All three are “package” policies including property coverage and liability coverage. The big difference is in the property coverage.
People are only interested in insurance when it is time pay for a renewal, find new coverage, or file a claim. Although I never set out to be an insurance agent (who does, really?) I spent ten years as an independent insurance agent, five as a Certified Insurance Counselor (CIC). In coming weeks I plan to discuss ways of insuring your income, your life, your health, and your stuff.
