Renting & Real Estate

November 19, 2008

November 17, 2008

October 20, 2008

October 19, 2008

October 17, 2008

October 16, 2008

  • Is it true I have to pay for House insurance one year in advance?

    Al asked: My realtor said I had to pay for house insurance one yr in advance, which on the closing day I did. But when I get my mortgage payment stub, on the Escrow account it says part of the payment will go to house insurance, why is that? Am i paying twice for it?

October 12, 2008

October 10, 2008

  • Will an insurance company insure our home if there is a unpermitted cottage?

    Happy asked: I’m in the process of buying a foreclosure home (Saratoga,CA, can’t transfer the insurance since it has already lapsed) that has a detached unpermitted cottage (2 bedrooms, kitchen, bathroom and living room total of 900 sq ft), the main home also has a unpermitted converted garage that is used as a in law [...]

October 6, 2008

October 5, 2008

  • How the home insurance for secondary home different from primary home insurance?

    Cosmos asked: I am renting my home for 4 months and that’s why I need to convert my Primary home owner’s insurance policy to Land lord policy. But after 4 months I can’t change the insurance of my home to Primary home owner policy. But I will have to get the Home owner’s insurance for [...]

  • How much should I expect to spend on home insurance?

    stukazumper asked: I am planning a home purchase and I want to budget my monthly payment. In the area where I live, I expect to pay approx 650K for a 3bed, 2 bath home. When I calculate my monthly payment, I want to know the Home Insurance component as well as Property Tax for Fremont, [...]