Marlene Graham
Phone
(850) 566-3037
Fax
(850) 893-8254
Office
(850) 385-6685
Toll Free
(800) 741-1739
E-Mail Me
RE/MAX Professionals Realty
2030 Thomasville Rd Ste 3B
Tallahassee, FL 32312
To Determine If You Can Pre-Qualify For A Loan Click Here
• • •
Understanding the Loan Process
• • •
When to Refinance
• • •
Mortgage as Investment
• • •
Loan Purchasing Strategies
• • •
Maximizing Your Buying Power
• • •
No Closing Cost Refinances
• • •
Rate Lock
• • •
Frequently Asked Questions
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Current Lenders
• • •
Private Mortgage Insurance
• • •
Paying Points
• • •
Negative Amortization
• • •
Loan to Value Ratio
• • •
Mortgage Glossary
• • •
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Relocating to Tallahassee?
Questions & Answers
Get the answers on home selling and buying.
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Insurance - Q & A
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Q:
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What kind of home insurance should I get?
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A:
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A standard homeowners policy protects against fire, lightning, wind, storms, hail, explosions, riots, aircraft wrecks, vehicle crashes, smoke, vandalism, theft, breaking glass, falling objects, weight of snow or sleet, collapsing buildings, freezing of plumbing fixtures, electrical damage and water damage from plumbing, heating or air conditioning systems, according to the Insurance Information Institute, a Washington, D.C.-based nonprofit group for the insurance industry. Such policies are "all-risk" policies, which cover everything except earthquakes, floods, war and nuclear accidents. A basic policy can be expanded to include additional coverage, such as for floods and earthquakes and even workers' compensation for servants or contractors. Home-based business-coverage, an increasingly popular rider, does not cover liability associated with the business. Insurance experts recommend that homeowners obtain insurance equal to the full replacement value of the home. On a 2,000-square-foot home,for example, if the replacement cost is $80 per square foot, the house should be insured for at least $160,000. For personal items, homeowners can increase their coverage beyond the depreciated value of items such as televisions or furniture by purchasing a "replacement-cost endorsement" on personal property. Some experts recommend an inflation rider, which increases coverage as the home increases in value.
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Q:
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What is guaranteed replacement cost insurance?
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A:
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Guaranteed replacement insurance is a more comprehensive policy.
They tend to cost more, but they promise to cover the complete costs -- less deductible -- of replacing a destroyed house. With these sorts of policies, limits on the policies are not as common, because complete coverage is more explicit.
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Home Advice
Get the answers
on home selling
and buying.
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Copyright © 1998 PCL Media, Ltd.
HOMES.COM is the largest Internet real estate site with hundreds of
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