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insurance: A recent buyer asked...Do I need flood insurance? And Should I have earthquake insurance? - 04/30/11 10:15 AM
A recent buyer asked...Do I need flood insurance? And should I have earthquake insurance?  The answer is IT DEPENDS. 
With regard to earthquake insurance, it is optional, and not required by a lender as a condition of a loan. I asked two well respected mortgage officers I know.  That's true at least right now. Requirements could change, I suppose, as they seem to every day. 
Having earthquake insurance may be a good idea, especially if the home is found to be located in an earthquake fault zone per the Natural Hazards Report (e.g., First American, Disclosure Source, Property ID) and the … (9 comments)

insurance: Why Do I Need to Buy Condo Insurance? - 02/10/11 08:17 PM
Why Do I Need to Buy Condo Insurance?  First Time Condo Buyer:  Why do I need to buy condo insurance? The HOA fee states that it includes insurance? 
Well, this is an excellent, and often-asked question.
Yes, it's true, the HOA does has an insurance policy that is paid by the residents as part of their HOA fees. However, this policy, usually referred to as a master policy, is limited in scope and in general covers things like the common areas and buildings (policies can vary and this should be verified to determine what they actually cover).
There are 2 very … (12 comments)

insurance: Insurance Tips for Carlsbad Buyers and Sellers - 12/18/09 07:49 PM
I'm not an insurance expert, just a simple homeowner who has lived in a variety of areas and homes, and someone who helps buyers and sellers buy and sell. So check with an insurance expert if you have some specific questions about your situation and area. But here are some general thoughts to consider, based on my knowledge and experience, some of which are more specific to my area:
BUYERS Check on the insurability of the home you are buying early on in the due diligence period to make sure you can get coverage. While this is likely not a problem … (31 comments)

insurance: San Diego Fires - Submitting an Insurance Claim: Providing Documentation - 10/29/07 09:24 PM
Many folks in San Diego County (and north of us) have lost their homes, or had significant damage due to the fires that are continuing to burn. Now the "fun" begins -  trying to submit a claim and receive some reimbursement for your losses from your insurance provider. AND providing some documentation for your claim.
It was strongly recommended at the time the fires were burning for homeowners to take digital photos of all the rooms in their houses, outdoors, inside closets and garages, etc. in order to provide documentation in the event of a loss. I found myself doing this...but it … (18 comments)

 
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Jeff Dowler ~ Carlsbad Homes for Sale ~ 760-840-1360

Carlsbad, CA

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