Yes, it is possible to insure your house for more than its current market value. This is because insurance coverage is based on the cost to rebuild the home, not its market value.
Most places you are required to insure your car to protect anyone you may hit or injure. Most mortgages require you to insure your house. If you do not have a mortgage there is no requirement, other than stupidity.
Yes, it is possible to buy a house now and refinance it later. Refinancing involves replacing your current mortgage with a new one, which can help you secure a better interest rate or loan terms.
To determine how much equity Lisa has in her house, you need to subtract the outstanding mortgage balance from the current market value of the property. For example, if her house is worth $300,000 and she owes $200,000 on her mortgage, her equity would be $100,000. If you provide specific figures for the market value and mortgage balance, I can give you a more precise calculation.
A house trade-in is when a homeowner sells their current home to a builder or developer in exchange for a new home. The homeowner typically trades in their existing property as part of the payment for the new home. This process can simplify the buying and selling process for the homeowner, as they don't have to worry about selling their current home on the open market.
Whether your house is still on the market or not, the real question to ask is 'Do you qualify for refinancing?
Assuming you're renting it, it is possible to obtain renter's insurance.
The executor should make sure that insurance is current on property in the estate.
To determine how much to insure your house for, assess its replacement cost, which is the amount needed to rebuild it from scratch in case of a total loss. This includes considering the costs of materials, labor, and any additional features like landscaping or custom installations. You can also consult a professional appraiser or use online calculators provided by insurance companies. Additionally, review local market conditions and recent sales of comparable homes to ensure your coverage reflects current values.
Most places you are required to insure your car to protect anyone you may hit or injure. Most mortgages require you to insure your house. If you do not have a mortgage there is no requirement, other than stupidity.
Yes, but the premiums will be higher.
Unless your Westie is one of the breadwinners of the house, I would not insure it at all.
"Every major insurance provider will insure a BMW. If you own a house or vehicle already, I would contact your current insurance agent first to get a quote!"
At the current moment this is not possible.
You need to insure it at replacement cost not value or appraised value. Call your agent.
In the current real estate market, there are various types of house plans available for purchase, including single-family homes, townhouses, condominiums, and apartments. Each type of house plan offers different features and amenities to suit different preferences and lifestyles. Buyers can choose from a range of options based on their needs and budget.
Yes, you should and it is a lot less than a real house.
Market House Museum was created in 1979.