Homeowners Insurance Policies Explained.Written by Tim Gorman
Shopping for home insurance can be a real pain if you don’t know what you’re looking for and it can also end up costing you more money then it should. For starters you need to make sure you purchase right insurance coverage for you particular situation. Making sure you have correct protection to adequately cover your needs is important. Don’t forget about special provisions for high-dollar items such as jewelry, your computer equipment and other possessions. Do you live in an earthquake region or flood zone? If so you might also need additional home insurance coverage for those special circumstances. Moneylenders such as banks or online loan lenders usually require mortgage customers to purchase homeowners insurance. Don’t rely on coverage levels mandated by your bank or mortgage company. Those levels are designed to protect house itself, but not necessarily your possessions. You can always trust your insurance agent to inform you what correct coverage is for you. Homeowners Insurance Policies - There are several basic types of home insurance policies: HO-1 - Basic homeowners policy which covers your house and possessions against 11 different perils. HO-2 - Broad homeowners policy which offers coverage on your house and contents against 17 perils, with premiums running about 5 percent to 10 percent more than an HO-1 policy. HO-3 - Special homeowners policy, which covers all perils, except those specifically excluded by policy. Costs 10 percent to 15 percent more than an HO-1 policy. HO-4 - Renters policy, which is of course for renters and covers 17 named perils and includes liability coverage. It does not insure dwelling itself. HO-5 - Extensive homeowners policy, which covers damage from practically everything except earthquakes, wars and floods.
| | Stop Wasting Money When You Fill Your Car Up With Gas – Part 2Written by Tim Gorman
As I stated in my previous article - It’s no big secret - gas prices are rapidly rising. This additional cost for fuel has become a financial burden for many consumers. This second installment to my first article gives more tips and advice on how to save money when filling your car up with gas. Previously I mentioned merits of performing regular routine maintenance on your vehicle. The benefit to do this will greatly reduce your fuel costs and save you money. It’s also a good idea to start a fuel log. The rational behind this is simple if you record all of your gas purchases and mileage you travel you will start to develop habit of knowing exactly how much that you are spending in fuel costs. Make sure to keep notes on where cheapest gas stations can be found. You’ll want to use this log to see patterns of driving that you can change in order to cut down on your fuel costs. Did you know that average fuel economy of new cars and trucks in United States and Canada has increased by over 130 percent for cars and 75 percent for trucks? This means that you are driving a better more efficient vehicle, which should equate to a lower fuel bill. However this depends on level of maintenance you perform on your automobile. If you notice that your gas efficiency is decreasing it could be an indicating factor that your car needs servicing. Don’t hesitate to perform your routine maintenance. Do so will end up costing you more money then you need to spend on gasoline and could ultimately lead to more expensive car repairs. Make sure to always purchase freshest gasoline possible. You can do this by buying your gas at a busy service station. A slower station may not need to fill its underground pumps on a regular basis allowing for older gas to be present. Older gas can become contaminated resulting in less efficient fuel which means a higher gasoline bill for you.
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