by: Christine Zafra If you think those are living in mobile homes cannot qualify for an insurance, you’re wrong. The seventh type of policy, the HO-7, are catered especially for them. If mobile home owners had their homes burglared, they can file for a claim for those things that have been reported missing (if it [...]
by: Christine Zafra The HO-6 policy is akin to HO-4 except for the fact that HO-6 covers those who dwell in condominiums. This policy is dual in nature, covering the property where the condominium or building is located, and the unit of the house inside the building (where you reside). This coverage is said to [...]
by: Christine Zafra If the policies HO-1, HO-2, HO-3 and HO-5 all cover the houses with their owners living inside, HO-4 covers the renters. Every apartment for rent has a blanket policy (a policy that covers things in clusters like the “living room” of an apartment compared to the “sofa” in the living room); however, [...]
by: Christine Zafra HO-3 on the other hand covers the entirety of the insured house. It is the most common policy insurance companies normally offer to their customers. It covers the infrastructure itself (the house) and the contents (things) found inside it from a number of liabilities caused by you or anyone else. In layman’s [...]
by: Christine Zafra The HO-2 is somewhat similar with the HO-1 type of policy, however, the difference lies with the “object” that is insured. If HO-1 deals with movable valuable things such as paintings and vases, HO-2 on the other hand insures part of the house. If your swimming pool, say has been hit by [...]
by: Christine Zafra Do you have valuable resources in your home? How about a painting you bought at an auction? Or perhaps a China cabinet that has gold plated utensils inside? If you have these, then might as well get an insurance before something happens (a fire maybe?). There is type of insurance that covers [...]
by: Christine Zafra When you are nearing your old age, normally you tend to look for a new house and relocate. Retirement is nearing and your pension seems to be smaller than what your living expenses amount to. Also, living in the city makes you retire penniless. In fact, according to studies, 31 percent of [...]
by: Christine Zafra An experiment conducted by Zurich Insurance proved that homes nowadays are so easy to break in. According to the data gathered, almost 10 percent of the total interviewed households (n=1000) have had their homes burglared. When Zurich tried to experiment with the 1000 houses, they were able to open 2/3 of the [...]