Posts Tagged ‘insurance’
Rental insurance is one able to cover defaults when the tenant fails to pay the rent and it can also make sure the contents of your home before the tenant vandalism or third parties. Most of these insurance covers the payment of rent for 12 months in which the eviction process must be solved, in this case also come the costs of judgments or legal expenses up to 3,000 €.
All tenants look good at the time of signing the contract, but it is common that refuse to pay the last month saying he was paid to the bond, causing damage to the home or simply stop paying rent.
These problems of unpaid rent and damage to the houses are what keep many empty houses, precisely because of this fear and the lack of legal support with landlords. For these reasons there are many insurers that have decided to offer its customers the rental insurance:
* Landlord Legal DEPSA
* Mutual Insurance Rental
* Vacation ARAG Insurance
* Vacation Protection Insurance MAPFRE
* Family Home Insurance Mutltirriesgo Catalana Occidente
Conduct Search
1. Be prepared: to create a summary of its current tenant and its previous five addresses and phone numbers, your employer and length of employment, salary and other income, personal references, among other information. Include a copy of your credit report.
2. Look in the classifieds of newspapers, apartment hunter, college campuses, bulletin boards, and online. Ask friends about openings in their buildings.
3. Consider how much you can afford to pay. A good rule of thumb is no more than 30% of net income per month.
4. Getting a rental agent to narrow your search. Depending on the market, the service may be free (paid for by landlords) or cost of a percentage of their income to the floor of the apartment. Read the rest of this entry »
Whenever the time comes when we decided to become independent. Emancipation is a further step in personal development, all individuals need, sooner or later their own space.
In some countries, unlike other countries in Northern Europe or America, has always clearly dominated the culture of homeownership compared to renting property. But …
Is it always better to buy a home? When will I be better off renting?
It is clear that fundamentally, the fact of buying or renting the house will depend on costs. And among them, separating the initial operation to make the purchase or lease, and taking into account the total long-term horizon.
Initial Costs
From the point of view of the initial costs, the rent is affordable. Only there are often costs as a liability insurance or bond Read the rest of this entry »
Obtaining insurance
Before you can “lock” on your loan will be required to obtain two types of insurance: homeowners insurance and title insurance.
(1) Homeowners insurance
Homeowner’s insurance protects your home and possessions in case of an unfortunate event or accident. There are two components of homeowner’s insurance: insurance against damage or actual property insurance (casualty / property insurance) and third party liability insurance (liability insurance).
* Insurance against injury / property insurance (Casualty / property insurance). Covers your personal property (possessions of his house) in the case of a disaster or accident.
* Third-party liability insurance (Liability insurance). It protects you in case something happens to one person while the person is on your property and decides to sue you.
You can choose a basic policy (called HO-1) or five others that offer several additions, such as coverage in case of collapse of the building, renters insurance, condo or co-op. Read the rest of this entry »
The operation of “closing” the sale of a house called in English “closing” or sometimes “settlement” is as part of a marriage ceremony in which the bride and groom exchange vows. It’s when you and the seller “close” the deal! The “closing” of a mortgage loan is when you sign all the papers that transfer ownership of the home from seller to buyer (you!), Get insurance and write checks to pay the remaining payment and associated costs with their own “closure”. This is where all your work is your reward!
But before we get too excited, there is still going to happen until you reach “closure” of your home. More likely is that the “closure” takes place in an office or a title company in the study of a title attorney. If you and / or the seller is using a real estate agent, the agent shall establish the time and place shall be the “closure”.
There are three recent issues to resolve before the “closure” means funding, obtaining insurance and refinement of the contract (“contract fulfillment).
The home insurance or homeowners insurance, represents the instrument with which we protect our greatest asset, the home of their own, against losses caused by disasters.
However, not all insurance covers all types of disasters, and unfortunately many people do not know the details contained in your policy until you need it, when it might be too late to discover that some aspect is not assured.
Most homeowners policies cover losses caused by disasters such as fire, lightning, vandalism, theft, explosions, storms, squalls and hurricanes; clash by planes or vehicles, and sudden and accidental damage caused by water, such as rupture a pipe.
Well, what happens if the house is flooded by rising water levels when a hurricane passes, for example, or is destroyed by an earthquake? Read the rest of this entry »