Homeowners insurance policy is undoubtedly a very important form of policy that we must take, if we own a home. Among the basic covers that are given in this policy, fire is one of them. There are some important things that you should consider while going for a fire insurance policy. While some homeowners pay the cash value for the possessions that are razed due to fire, there are others that pay replacement value only. So how do you know which one should you go for?
It is thus important to find out the coverage that you need as far as the fire insurance policy is concerned. The cash value policy pays you for the present cash value that your possessions command. For instance, if you buy a mobile phone for $500 two years ago, and in the event of its destruction by fire in present circumstances, the insurance company will pay only the present worth of the phone, which will substantially less of what it was couple of years ago.
In case you go for the replacement cost, then the fire insurance company will pay whatever it costs to replace that item today, according to the present circumstances. So, if you had bought the phone say, two years ago, and if it is ‘phased out’ and no longer being manufactured, the insurance company will pay the money as a replacement cost for a comparable product.
Though on the face of it, you may want to go for the fire insurance policy that covers replacement costs, in case of expensive items like jewelry and artwork, you may go for the ‘cash value’ option in the fire insurance, because insurance companies tend to put a cap on high valued items. Also since items like jewelry and other valuables tend to appreciate in value over the years, it is better to get the right price for these items.
One of the things that matters while choosing a good fire insurance policy for your home is the cost of the deductible and how it can influence the price of the premium that you pay on a monthly basis. The deductible is the money that you have to shell out of your pocket, before the insurance company pays the claim. If you can afford a higher deductible, the premium money becomes small and you will be saving a lot of money.
To make sure that you get the right claim amount in the fire insurance policy, keep a track or rather, an inventory of personal possessions. Take pictures or make a video of these valuables. You should be able to prove to the insurance company the value of these items when the need arises. Of course, you should not keep these inventory lists or materials that prove the value of these possessions in your home (unless there is a fireproof safe), lest they may be burnt or destroyed through an unpredictable event of fire. So, it is better to keep them at a trusted person’s place or in a safe deposit box of the bank.
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Most people who argue for less government understand the necessary evil of having one. Thomas Paine and most of our Founding Father’s abhorred government, yet understood it as a necessity. (it was what they rebelled against)
There are numerous Christian groups and denominations that are active socially. You need to investigate their beliefs about ordinary life and worship, then find a group that does the kind of work you're interested in.
For example, United Methodists often raise money for and work in soup kitchens, giving clothing to the poor, and they support many schools and colleges. The Southern Baptist Convention sends people on missions if they want to go, raises money for schools and colleges, and sends individuals to work with the poor in various ways. The Catholic Church does all the above also. Unitarians do a lot of good work, in some of their churches, but their beliefs are so vague you may reject worshiping with them.
After you find a group whose beliefs you can accept, then find a congregation which is active — not all are — or ask about a local group they support which you can work with. For example, some Catholic parishes may not have members working directly with the poor, but their diocese does and the parish office can tell you where there are groups helping refugees, etc.
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