Any consumer with a mortgage is most likely required to maintain home insurance that will protect both the homeowner and the lender in the event of any major catastrophe. However, many required policies don’t have an adequate level of protection for unfortunate occurrences such as theft or loss. It is important for homeowners to understand what it is that their home insurance actually covers, and only then can the appropriate decisions about levels of coverage be made.
Home insurance is designed to cover the structure of the home and will help repair or rebuild after a fire, hurricane, tornado, or other disaster. Detached garages and other buildings normally must be specifically listed on the policy, but they can be included as well.
In the event that a family is displaced from their home, there are provisions within a home insurance policy that will provide living expense money to help until they can move back to their house. Food and rent are often included in such provisions, but the amounts vary per policy.
Personal belongings are also covered by home insurance to the extent of the value claimed by the homeowner. Therefore, it is imperative that a consumer make a home inventory and list all belongings and their associated value. In addition to providing coverage during disasters, the home insurance will also pay to replace these items if they are stolen or otherwise damaged.
The most important thing from a financial standpoint that home insurance protects against is liability. Any time a neighbour, worker, or stranger is on an individual’s property, the potential for liability is present. One single lawsuit could be enough to permanently destroy the financial stability of a family. Home insurance will even pay for court costs and an attorney in the event that any situation does occur.
Home insurance is mandatory in most cases, but should always be maintained no matter what the circumstances are. There are plenty of ways to cut the costs without decreasing the amount of protection. Deductibles can often be raised to lower the premium. Discounts are commonly available for safety and security items such as dead-bolts, alarm systems, and sprinklers. Other discounts may be given to consumers that also have their auto insurance with the same insurer. Of all the ways to save, the most effective is shopping around and comparing multiple quotes online. The protection is absolutely necessary, but there is no harm in receiving the best possible price for home insurance.
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Help answer the question about home insurance
What would a typical home insurance payment be on a home valued at $60,000?My wife and I are looking to buy a home, but we want to find out what a typical home insurance payment looks like.
I'm not certain, but I believe the insurance coverage you read about in the paper is for the civil suit that often follows a criminal trial. For example, OJ Simpson was tried criminally for murder first (and found not guilty) and then subsequently tried (and found liable) in civil court for wrongful death. Yes, it is the same act (2 people died), but there are two legal proceedings. The standards of proof in criminal and civil trials are different as are the possible punishments, so the accused is not technically being tried twice.
In general, I don't believe you can get insurance for a criminal act. First, a criminal act is intentional usually and no insurance company will cover you knowing that its a guarantee they'll have to pay out. Second, a criminal trial involves some sort of incarceration (jail, probation, etc) as punishment and not money. Insurance policies almost always pay money.
You can, however, get insurance to cover certain unintentional acts for which you may be held civilly liable. I think homeowner's insurance policies will often cover you if, for example, someone who comes to your house, trips, and hurts their back decides to sue you for negligence. I think the same rule from above applies, however, and that intentional acts for which you could be found civilly liable are generally not covered by insurance.
I'm not familiar with the church cases specifically, but its possible that the church was sued not for child molestation but ancillary torts, such as neglience (should have reasonably known that priest X was a pedophile, etc), assault (which is what child molest is at a base level), or infliction of emotional distress.
Hope that helps.
Modern life is so complex, I doubt you can find a book titled, "Life for Dummies." However, Wikipedia has a whole slew of articles you might want to look at. Good Luck.
There is a bit in an episode of "Arrested Development" where Ma-be asks her uncle for help writing an essay on "The Old Man and The Sea." He says he is glad to help. She hands him the book and says, "Well then read this, write the essay and remember it has to be in MY OWN WORDS and let's put a four-syllable limit on it."
The point here is that YOU read this material and then write what you learned is such a way that there is evidence that it sunk in.
How would you suggest that WE write this in YOUR OWN WORDS?
jim said it best you know what MAN IM GOING TO HAVE MY KICKS MAN BEFORE THE WHOLE SHIT HOUSE GOES UP IN FLAMES ALRIGHT MAN YOU ARE ALL A BUNCH FCKIN SLAVES I NEVER THOUGHT THAT WAY BUT IN 2009 I DO LONG LIVE THE LIZARD KING &MR MOJO RISEN DA DOORS
watch Bill Moyer’s PBS, it’s online, it spells it out. Den of thieves is right. Remember your community credit union, and stop giving these guys your money!
WHY THE FUCK DOES EVERYONE BEAT AROUND THE BUSH. Just ask who the fuck is holding a gun to their head and then arrest them. Here’s a tip: Look at the list of investors in the FED. Just ask them point blank, it will be obvious who it is.
And they say Greed is good…….my ass!
Asymmetric information deals with situations where one party in a contract has more or better information than the other. The situation where the person with Alzheimer buys health insurance is likely to be a problem of information asymmetry, if the insurance company is not aware of his condition. He has more or better information on his health condition than the insurance company. If the insurance company accepts the person under a health insurance poilicy without knowing the fact that the person suffers from Alzheimer, this will result in a situation where the person will pay an insurance premium which is too low for his health condition and will not sufficiently compensate the insurance company for the risk. This is called an adverse selection resulting from information asymmetry for the insurance company.
Moral hazard, on the other side, is a situation where a party does not have to bear the negative consequences of the risk resulting from his or her action. This is best characterized in an unfair game of throwing a coin with the result "tail, I win, head, you lose". The bank offering mortgages to home buyers who are likely to default on their payments is an example of moral hazard: they make money by selling the mortgage to a government agency, but the bank does not assume the risk of the borrower no longer being able pay the interest rates and the default risk on the mortgage payment. The bank only takes the profit but not the loss. The loss is taken by the government agency. This will cause the bank to behave recklessly because they are only exposed to the upside, not to the downside; "tail, I win, head, you lose".
First of all, congratulations on the job offer and welcome to our country and state. I'm a Texan and even though I've traveled extensively in North and Central America as well as in Europe and Asia, there's no place I'd rather live than in Texas. I live in the Dallas-Fort Worth area, about 250 miles (about 400 km) from Houston but I have relatives in Houston so I'm pretty familiar with that city too. Here are my answers:
1) Apartment Rent (1-2 BR) : From $800 to $ 1000/month
2) Food (If mostly cooked at home) & groceries: About $600/month
3) Utility bills (electricity, water, gas): About $250
4) If you buy a car on installments : A new reliable car can be bought for $ 1000 initial payment (just one time) and then, $ 250/month. Car insurance, assuming you're over 25: add another $100/month.
5) Any other major expenses..Gasoline (petrol) is still relatively cheap compared to Europe: About $ 150/month on the average (about $ 2.25/US gallon).
How much taxes would be deducted from [your salary]? Your salary is actually $6,250 per month, about 25% in taxes will be deducted so that'll leave you with about $4,688.
After the expenses listed above, you'll have $ 2, 338 left for other expenses and savings.
Your salary, for a professional man [i.e. a university graduate with a few years of experience] would be about average. For a non-professional man, it would be a good salary. The average household income in Houston is just over $ 58,000/year so you're in pretty good shape.
Good luck and enjoy Houston and Texas!
I learnt in a manual car – i've never drove an automatic – but tbh i wouldn't want to. In a manual the hardest thing is setting off – like the guy above me said – hill starts are the worse….once you've mastered that and parking up your good to go!!
The real reason i wouldn't like to drive an automatic is – your car picks up speed quicker in a lower gear. so to overtake someone i knock it into second gear and fly past em. If i was in an automatic i wouldn't be able to to that. x x
I think it’s hysterical that people actually pay for paper, which can become worthless if the company goes bankrupt. Those stocks likely cost the owners of the company a penny. They hype their business, take it to IPO, and people buy hundreds of shares and run up the price. The next days the owners sell their shares, make millions, and then settle back in a half ass attempt to run the business. At this point they don’t care if it fails or not, they’ve already made their millions.
belbzm- You marked my comment as SPAM ? Please elaborate . Thanks
Why not try posting this question in the Seattle section, as Redmond is located so close by.
redmond is a very expensive area to live, renting it could work if you were in an apartment. here is cnn outlook on redmond
http://money.cnn.com/magazines/moneymag/bplive/2007/snapshots/PL5357535.html
I live in this area but I would have to say you may really really really have to cut corners to make this work. with jobs being so hard to find it just depends on how much you need it. it is a beautiful area good schools great location but you may have to have a 2 income family to accomidate. I know the median income in my area is 115k I am in the town next door i think redmond is 90k
also search craigslist for apartments
They included in on the 1098 because 2008 is the year in which the amount was paid. It will not appear on future 1098's. Since the full amount is not deductible in 2008, you must calculate how much is deductible this year and in each subsequent year and claim the deduction each year that it is allowed. According to the IRS's website, the calculation is:
Question 2: I paid a lump-sum premium in 2008 that also covers years after 2008. How do I figure my deduction?
Answer: If you paid a lump-sum premium for insurance provided by FHA or a private mortgage insurer that also covers years after 2008, you must determine the portion of the premium that pays for insurance for 2008 by dividing the total premium by the stated term (number of months) of your mortgage, or 84 months, whichever is shorter. Multiply that amount by the number of months during 2008 that your home was covered by the mortgage insurance. Enter the amount allocated to 2008 in the worksheet for Schedule A, Line 13, to figure your deduction for 2008. You figure your deduction in later years based on the amounts allocated to those years. If your mortgage is satisfied before the end of your allocation period, you cannot deduct the amounts that are allocated to periods after the mortgage is satisfied.
If you paid a lump-sum premium for insurance provided by VA or Rural Housing, commonly known as a funding fee and guaranty fee respectively, no allocation is necessary, and you figure your deduction for 2008 based on the full amount of the payment. Enter the full amount in the worksheet for Schedule A, Line 13, to figure your deduction.
They are partners. FED is owned by these banks.
WHAT??!! Sach’s CEO sits in on FED meetings. Wow…I’m fucking shocked.
END THE FED.
They all did an enron end-run and it seems like it paid off handsomely for them and the bushite bullcrappers of this shyster queen of dutch royal shell game world we live in -where security is just swaped spit between the queen and the bankers and all of us citizens are actually considered stock and, or, subjects-like canada and australia are subjects to the queen of england and the Rothschilds bankers who have central banks in almost every single country but Iran!