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Insure Your Homes With Cheap Home Insurance Cover
Article by Henry Bell
You home is perhaps the most important financial investment that you will ever make. Therefore it is quite understandable that such an investment needs care. Apart from that, it is our duty to make sure that our homes are secured against any mishaps. For this reason, home owners should consider purchasing home insurance policy with a suitable cover.
For many people, paying for home insurance means a mere wastage of money. This is because of the amount of money that one has to pay as premium. But with the coming up of many insurance companies in the market, the rate of premium of home insurances have also come down to a great extent. So you can definitely avail a cheap home insurance cover if you search the market properly and thoroughly.
Although everyone takes proper care of their homes, but sometimes such circumstances occur that are beyond our control. These circumstances can cause a severe damage to our homes and its building structure. Again there may be the probability of thefts in your household. Can you really afford thousands and thousands of pounds more to repair your building structure or to replace the stolen items? A proper yet cheap home insurance cover can give assist you in this situation.
There are four basic types of cheap home insurance cover:
*Building structure: This will cover the damage done to your building structure including the sheds, garages, fences of the house.
*Contents of the house: This cheap home insurance cover will pay for the cost of replacement of the contents of the house if they get stolen or damaged.
*Public Liability: This will cover up the cost if anyone who is not a member of your house gets injured in the premise of your house.
*Living cost: If for any reason you have to leave your house and live outside, your home insurance cover will pay for the cost of living.
But before the purchase of any home insurance cover; you should carefully do your homework. The first thing that you need to do is to look out for potential home insurance providers. Decide properly which company will provide you the best home insurance cover. Online method of locating and buying home insurance covers has made the work of the people easier and comfortable. So without any delay go get your cheap home insurance cover now!
About the Author
Henry Bell is an author who can certainly identify the kind of insurance that you will need. He is proficient in the insurance world; he is an MBA(finance) from University of Oxford. Insuranceb.co.uk endeavors to find the best possible deals for its customers. To find cheap home insurance cover, break down cover, mobile phone insurance, motorcycle insurance, medical insurance visit http://www.insuranceb.co.uk
Despite having moved into his “dream house” only in September, Sachin Tendulkar has already secured his five-story Bandra residence with a staggering Rs. 100 crore insurance cover, one of the biggest insurance deals by an individual. The cricket icon has bought the insurance from a consortium of general insurers, according to industry sources.
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Research shows 10% of secondary UK homes uninsured
Research shows 10% of secondary UK homes uninsured
(PRWeb UK) May 31, 2010
Financial news publisher Fairinvestment.co.uk recently reported that approximately 10% of UK holiday home owners did not have an unoccupied home insurance policy in place for their secondary properties. Citing research conducted by a prominent UK insurer, the report revealed that up to 160,000 unoccupied properties are also underinsured, placing their owners at risk financially.
Unoccupied properties are typically inherited homes, property in the process of being renovated or second homes awaiting sale. Although these assets might not be in use, having adequate unoccupied home insurance in place is vital.
Empty houses tend to fall into disrepair over time, especially if regular checks are not conducted. The harsh weather conditions in the UK also contribute to maintenance problems. Frozen water pipes can burst, and unless the problem is addressed immediately repair costs could sky-rocket.
The London Fire Service estimates that one in every 10 call-outs they receive is to extinguish a fire in an empty property. Asking neighbours in the area to keep an eye on the property and informing the local neighbourhood watch that the property will be uninhabited is therefore advisable.
Vacant properties are generally seen to pose a high risk to insurers as they are more likely to become targeted by burglars. Squatters are also more likely to move in and cause damage, and a long period of neglect can lead to the property losing value.
It is imperative that property owners find the right insurance cover for unoccupied second properties. While some insurers won’t supply unoccupied home insurance, UK insurance provider Towergate specialises in insuring unoccupied homes.
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HELP for Homeowners Grows as their Formula Proves Successful at Turning Foreclosure Homes into Viable Investment Property
HELP for Homeowners Grows as their Formula Proves Successful at Turning Foreclosure Homes into Viable Investment Property
(PRWEB) April 19, 2007
As HELP for Homeowners (http://www.helpforhomeowners.com)] increases its inventory of foreclosure homes, the site is gaining a rapid following. People from all over the Internet are clamoring to assess the site’s extensive selection of investment property.
“We are busting loose at the seams,” said Cleothus Jackson, president of HELP who projects HELP will reach $ 100 million in net profit by 2009. Currently many sub-prime lenders have approached HELP with a view to purchasing whole inventories of foreclosure homes, which are often sold for less than half of their face value. HELP is also the target of fund managers looking for a convenient and potentially lucrative foray into real estate.
HELP for Homeowners uses a tried and tested formula of constructing a portfolio of investment property. The Company purchases properties at a rate of 55% – 78% of appraised value, and in so doing is amassing a collection of investment property that have superior value in the market. This means that such properties allow neophytes and veterans to enter real estate investment market, with property portfolio that can yield $ 50,000 – $ 200,000 annually.
HELP is able to do this by focusing on foreclosure homes exclusively among median and high income properties.
“This standard of foreclosure homes will naturally carry a greater equity position and are normally not as extensively damaged as smaller and less costly homes,” Jackson said. “We purchase homes at less then face value and allow investors to buy at a discount and realize attractive returns.”
HELP can, for example, purchase a $ 1 million home for $ 700,000 and still offer that house as an attractive investment.
Potential investors must place a minimum of $ 500,000 with HELP. Other limitations may apply. Visit http://www.helpforhomeowners.com for a full list of requirements.
“Real estate is one of the most stable, certain investment vehicles available in the short to medium term,” and as Jackson has outlined, “Investment property is insured which adds to the attractive potential of the purchase of…a house, whether or not it’s a foreclosure home.”
For more information, visit http://www.helpforhomeowners.com
Contact:
C. Wilhelmina
HELP for Homeowners
888 900 4 HELP
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.