I got my next house insurance bill (due in October.) My Dwelling and Other Structures (house + detached garage) are listed at a Limit of Liability which is 5% less than the house/garage cost four years ago and at least 20% less than it would cost to replace them now (since house building hasn't gotten cheaper and my house has increased 10-15% in value according to real estate comps.) Should I increase the Dwelling and Other Structures coverages to cover what it would really take to rebuild my house?
My NYC townhouse has a garden in the back. The garden has a wall around it, which has been there for decades. Two nearby trees has caused it to bow out of alignment toward my neighbor's garden, though not dramatically so. My neighbor claims in a letter to me that the wall will one day collapse into her garden, and wants us to share the cost of replacing the wall, before that happens, with a fence. She also said that if I don't agree to do this, I better make sure that my insurance covers the possible damage to her property that a collapse could cause. I think my neighbor (who is wealthy) just wants a new fence for aesthetic reasons so it matches other fencing on her property, and that the wall is fine -- and I have some questions for the hive-mind... [more inside]
I have a house that I bought it in 2000. Do I need to reassess the value? [more inside]
Hi all. Mrs. Hall and Oates and I are home buying noobs and are a bit confused about how much we should insure the house for, and what our deductible should be. Hope us pleaes? [more inside]
While I was away, someone caused some minor damage to a corner of the house with their truck (chipped/cracked masonry, missing mortar, etc). My neighbour dealt with the initial incident, and I have the culprit's insurance details, and will be initiating a claim. Having not claimed on my house policy before, do I need to contact my insurance as well? Or do I just go through the insurance of the person who caused the damage? Thank you!
None of this is legal advice. Got it. I'm trying to determine whether legal advice is even worth pursuing. Our house was damaged by a water leakage incident which the homeowner's insurance agreed to fully cover to the tune of about 60K. We were not living in the house at the time, which was actually up for sale. More excitement below the fold! [more inside]
We are preparing to build a house. We've been doing this for many months, have talked to architects, contractors, and our city's planning and building department, and we still have lots of questions. Lend us some expertise on foundations, design, and construction? [more inside]
I recently made a switch to a different company for my homeowner's insurance (details after the jump about why). I fear I may have made a big mistake, but I honestly don't understand ANYthing about insurance and the more I try to read about it and look at my policies, the more confused I get. It's like someone's speaking Mandarin to me. I feel like a colossal idiot and I have no one to ask anymore now that my dad, whom I relied on to help me with this kind of stuff, is gone. I'm wondering how much I messed up here, and what I should look for to fix it. [more inside]
We have an old, unlived in house that is disintegrating. We need help fixing it up, emptying the junk out of it and selling it. We are overwhelmed and find it hard to face this problem. Advice needed. [more inside]
Asking for a friend- Who is responsible for the cost of repairs after a house fire? I am renting the house. I have renters insurance. The fire report said no negligence on my part. I'm located in California. [more inside]
My husband died recently. We were together for decades and have school-age children. His passing involved severe trauma, and we have social support and frequent therapy appointments to get us through the turmoil. Emotionally, we're holding up. My question is about getting our affairs in order. [more inside]
We're under contract to buy a house. Two weeks before closing, a contractor performing agreed-upon presale repairs caught the house on fire. We've got a lot of questions about what happens next. [more inside]
Should I purchase owner's title insurance for my new home? [more inside]
What are the possible consequences of correcting the age of my house on the deed? [more inside]
After all this I might go live in a tent on the beach... [more inside]
Has anyone had experience with house fires? [more inside]
Renter's insurance in DC: How do I do this? [more inside]
Fallen tree filter: Who's responsible and does home owner's insurance factor in? [more inside]
Why hasn't private mortgage insurance (PMI) softened the blow of the real estate implosion? [more inside]
At what dollar amount do I draw the line for making a homeowners insurance claim? [more inside]
HomeImprovementFilter: Is there such a thing as short-term contractor insurance? If so, do I want it?
Is there any way to get insurance on behalf of an independent contractor for a specific manual-labor project? Has anyone done this? If so, how much was it and is there anything I need to know to be smart about arranging this? [more inside]
I'm about to buy my first house and I'm shopping around for a mortgage. The best deal so far is a mortgage where the lender pays for the mortgage insurance. I'm aware of using 80/XX loans to avoid paying PMI but I've never come across Lender Paid PMI. What exactly is it and what's the catch? [more inside]