home insurance: Sandy Home Insurance Claim Information
- 10/31/12 05:41 AM
Hurricane Sandy has moved on, but in the last few days has wreaked total havoc on the East Coast. I wanted to take a minute and say I hope everyone is safe. How are you Rainers doing out there? It looks like the worst weather is over, but now comes the hardest part: returning home to what could be total devastation. I invite all ActiveRainers to lean on me and my experts on my blog during this difficult time. We can help you keep a clear head during the insurance claims process that is to come in the next few days. While … (0 comments)
home insurance: What Advice Would You Give Your Grown Children As They Move Out?
- 08/04/11 09:07 AM
Empty nester? Congratulations! You’ve done your job. You raised your children, and now they are going to start a new life away from home. But before you give them a Swiffer and wave goodbye, remember that this change is going to have financial implications for your kids. Linda Rey of the Rey Insurance agency has written a post on the Equifax personal finance blog about the frank conversation to have with your grown children about property insurance. Now that they're going to be owning or renting places of their own, they'll have to decide what sort of insurance protection they'll need. … (2 comments)
home insurance: If Home Values are Falling, Why Do Home Insurance Costs Stay the Same?
- 05/19/11 08:07 AM
According to Zillow's Home Value Index, home prices are down 8.2% nationwide this spring. So, that should mean lower homeowner's insurance costs, right? And a lower homeowner's premium helps with cutting back to offset rising gas and food prices, right? Wrong and wrong. As Loretta Worters of the Insurance Information Institute explains, your home insurance costs is not linked to the market value of your home. On today's Equifax personal finance blog, she explains that homeowner's insurance is based on the cost of repairing or rebuilding your home. So, when trying to understand home insurance costs, it makes more sense to look at … (1 comments)
home insurance: 4 Tips for Resolving a Claim Dispute With Your Insurance Company
- 05/05/11 08:02 AM
You've filed your claim, sat through the excruciating wait, and then your insurance company tells you your claim has been denied. Sound familiar? Dealing with your insurance company can be frustrating, but according to Linda Rey of the Rey Insurance Agency, a good agent can be an important middleman between you and your provider. On today's Equifax Personal Finance blog, she offers four tips for resolving a dispute over your insurance claim: Review your policy carefully to make sure your claim is indeed covered. The fine print can be a doozy, and you want to make sure you haven't done anything to … (0 comments)
home insurance: How Can You Speed Up Your Insurance Claim? Follow These 4 Tips
- 04/28/11 06:33 AM
You know the drill: You you file an insurance claim, and then you... wait. Even when you've correctly filed a claim, the waiting game for your check can seem to take forever. Whether you're filing an auto, medical, or home insurance claim, you want it responded to as quickly as possible. On today's Equifax personal finance blog, Linda Rey of Rey Insurance Agency has shared four helpful tips for speeding up your insurance claim. The good news is that you can take steps before you file to make sure the process runs as smoothly as possible. Here are Linda Rey's four tips for … (1 comments)
home insurance: What Do You Really Need In Your Insurance Portfolio?
- 04/14/11 07:16 AM
When was the last time you re-evaluated your insurance portfolio? If it's been a while (or worse yet, if you can't remember), then it's time to check what policies you own and make sure that you have enough coverage. On today's Equifax Personal Finance Blog, insurance agent Linda Rey explains that because of the tough real estate market, home values are fluctuating and your current home value may not match what it's listed for on your homeowner's policy. Make sure to re-evaluate based on the current market, because being under-insured could cause a huge nightmare in the event of damage to your … (2 comments)
home insurance: Check the Fine Print: Situations That Could Invalidate Your Insurance Coverage
- 02/10/11 02:19 AM
After your home is damaged by severe weather, or after you become sick with a serious illness, the last thing you want to worry about is whether or not your insurance policy will cover your bills. Many people assume that becomes they have insurance, they will be covered 100% of the time. Unfortunately, the devil is in the details. The fine print of your insurance policy could contain stipulations that would invalidate your coverage in the event of an accident. Don't wait until an accident to find out whether you've invalidated your policy. Insurance broker Linda Rey has written an excellent post on … (5 comments)
home insurance: How to Sell A Vacant Home
- 01/06/11 10:07 AM
With the current market, selling a house is hard enough these days, and selling a vacant home is even tougher! Without furniture or a cozy atmosphere people may have trouble picturing themselves in a vacant home. Decluttering is one thing, but an absolutely empty apartment isn't quite appealing. So how do you sell a vacant home? Here's three tips to help you close on a vacant home (plus some other great information about insurance changes you should be making if your home is vacant). Enjoy the video below from Ilyce Glink and CBS Moneywatch: What are your tips for selling a … (6 comments)
home insurance: 5 Mistakes Customers Make With Their Insurance
- 01/06/11 01:36 AM
Mistakes happen. The benefit of mistakes is the ability to learn from them. My colleague Linda Rey is an insurance agent who sees a number of her customers make costly mistakes that hurt them in the long run. She's put together a list of the 5 most common insurance mistakes, and then offers her advice on how to avoid them. The #5 most common mistake that she sees? Procrastinating."Yes, we’re all busy, and we want to think nothing bad will ever happen to us. However, procrastinating is not a viable strategy, especially when it comes to your insurance. Sometimes insurance is … (2 comments)
home insurance: Selling A Home As Tenants In Common
- 09/27/10 09:32 AM
Selling a home as tenants in common can be difficult. If the other tenant does not want to sell, you may be forced to take legal action. Q: My step-father and I own a house as tenants-in-common. The house has three liens: the first mortgage, a home-equity line for me, and a second mortgage my step-father took out to prop up his business. The house has been for sale for several months and my step-father has refused several offers that would have resulted in a loss on the initial investment, but would have (at least) covered all the mortgages, costs, commissions … (0 comments)
home insurance: Insuring a Home Office
- 08/26/10 07:45 AM
If you work in the real estate business, chances are you have a home office, but do you have home office insurance? According to research from the Independent Insurance Agents & Brokers of America, at least 60 percent of in-home entrepreneurs are not properly insured. You may not think that operating a home office or a home-based business carries greater liability than simply living in the house, but your insurance carrier probably has a different opinion. Most homeowner's policies limit loss of business property to $2,500, don't cover losses away from the home, and exclude liability coverage for business-related activity. Coverage … (3 comments)
home insurance: Flood Insurance: What To Do Before, During and After a Flood
- 06/11/10 08:28 AM
From the Equifax Personal Finance Blog, Insurance Expert Linda Rey lays out how to handle floods when it comes to homeowners insurance. Insurers used to believe that you needed flood insurance only if you were in a flood zone. But flood zones have been expanded in recent years, and many homeowners who were not in traditional flood zones now live in them.Even homeowners who don't live in high hazard flood zones have found that their homes can be ruined by a flood. Recently, one of our clients had many of his possessions destroyed when his basement flooded-in his house on … (1 comments)
home insurance: Homeowners Insurance Coverage: 4 Items You Must Have
- 05/28/10 08:47 AM
Linda Rey of The Rey Insurance Agency shares the 4 items you must be sure to include when choosing a home insurance policy for your new home. Read the full story at the Equifax Personal Finance Blog. You took the plunge and bought a house to fulfill your own version of the American Dream. Well, the fun has just begun. You’re going to need homeowner’s insurance coverage to protect your investment. The problem with insurance, in most cases, is you have to get it when you don’t need it because when you need it, you can’t get it. Make sure … (0 comments)
Happy Earth Day 2010! It’s the 40th Anniversary of Earth Day. Did you know that houses are the biggest pollutants on earth? They pump far more CO2 into the air than cars. Did you know that 2 million trees were killed in order to supply all the forms needed for real estate deals in the last couple of years? Not only that, but millions of gallons of dirty water was created. Read more about what you can do to make the world a bit greener, and how it can help save you money at MoneyWatch.com … (2 comments)
home insurance: Buying Homeowners Insurance for Vacant House
- 11/05/08 10:44 AM
Summary: As parents age, estate planning becomes a concern - they may move out of their primary residence into a nursing home and leave their primary residence empty. It may be difficult to buy homeowners insurance when no one lives in a home. In this Think Glink column, a reader asks about having a brother move into his widowed mother's now vacant home to facilitate buying homeowners insurance. The family plans for the brother to buy the home but he can't afford it until the house has been sold and he receives his share of the estate. Ilyce supports the idea … (4 comments)
Hurricane Sandy has moved on, but in the last few days has wreaked total havoc on the East Coast. I wanted to take a minute and say I hope everyone is safe. How are you Rainers doing out there?
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