Homeowners insurance is insurance that covers your home.
There are many different types of homeowner's insurance policies available; in fact there are thousands. It all depends on the different options you go with, your deductibles, your coverage amounts, etc.. in addition to all the various type of riders or supplements that you add on. A basic Homeowners insurance policy covers natural disasters (such as fires, etc.) and burglary. However, it can also cover the vandalization of your home, lawsuits from people injured in your home, defamation of property by an animal, etc. It's good idea to read your policy to further identify which aspects are covered.
Of course, the more additions that you add on to your homeowner's insurance policy, the more expensive it will cost. In addition, the higher the deductible, the lower the cost of the homeowners insurance policy.
In addition, you should also make an inventory list of what you feel needs to be protected in your home. Do you have a lot of valuables that you think should be protected? Are you in a flood zone? (Note that homeowners insurance does not cover floods; you will need to contact your auto insurance agent) Do you have coyotes, birds or other wildlife coming through your neighborhood? These are all important questions to answer. Before you take out a homeowner's insurance policy, you should talk with your homeowner's insurance agent to decide which policy would be the best for you and your family.
Apply grout sealer to ceramic tile grout if you wish to give the grout additional protection against discoloration from spills and stains.
Locate the main circuit breaker in the electric panel box and show family members how to turn it off in case of an emergency.
Purchase a general purpose fire extinguisher for each floor of the home plus one small kitchen extinguisher in case of grease fires.
Demonstrate proper usage to family members in case of an emergency.
Keep first aid materials and a book on first aid procedures in an accessible location.
Attach furniture protectors underneath furniture legs to protect floor finishes.
Acquire basic tools to help you with normal home maintenance chores, including: pliers, adjustable wrench, flatblade and Phillips-head screwdrivers, claw hammer, hand saw, tape measure, caulk and caulking gun, putty knife, paint roller and brush, power drill and drill bits, assorted nails, brads, screws, nuts, bolts, sandpaper, utility knife, toilet plunger, flashlight and batteries.
Review and implement recommendations in the Landscaping and Grading Section of this Manual.
Locate the main water line shut-off valve and all individual plumbing fixture valves and show all family members how to close them in the case of a plumbing emergency.
Refinancing can potentially save you money each month, making your budget easier to handle--but in some cases, it can also save you hundreds and perhaps thousands of dollars in interest payments by the time your entire mortgage is paid in full.
Here are the main reasons why homeowners choose to refinance:
One of the best reasons to refinance is to make home improvements or repairs. Such improvements may add to the value of your home, and you can wrap the costs into your monthly mortgage payments. Some homeowners choose to refinance into one mortgage, while others opt for a home equity loan or a home equity line of credit as the best way to access the equity value in their home.
Freed-up cash can also be used for other purchases or for college tuition. The best expenditures are investments rather than frivolous purchases--remember that you are reducing the equity in your home when you take out some of the value in cash.
Would you like to own your home free and clear as soon as possible? Consider refinancing your home to a shorter term, such as 15 years. While 15- and 30-year home loans are standard, mortgage lenders are also willing to consider home loans on your terms.
If you have an adjustable-rate home loan, you might want to refinance to a fixed-rate loan so that your mortgage payments will stay the same for the entire loan period. This is particularly helpful if you expect interest rates to rise.
While there are seemingly as many reasons to refinance as there are homeowners, every decision to refinance should be based on solid calculations. Test out different refinancing scenarios to see how long it will take to recoup your costs.