5 reasons to buy home insurance


Buying a Home Insurance is the last thing on the priority list of most of the home buyers. Should you make it a priority? Here are 5 reasons why it makes sense to get your home insured.

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Insurance and Protection for Vacant House – Big State Home Buyers


– If you own a house in which you no longer reside, then you need to know about vacant home insurance. It may be tempting to leave a house vacant without notifying your existing insurance agent of the change in the home’s status. However, doing so may put you and your property at risk, since many policies actually have exclusions for neglect or abandonment. The exclusion kicks in 30-60 days after the home has been left vacant.

Some insurance companies will offer what is called an endorsement which must be purchased. After the home is considered vacant, homeowners can buy back the exclusion. It usually costs under $100, but many insurance companies lack this option.

Watch this video with Brian Spitz to see what you need to know about insurance for vacant houses, and other ways you can protect your vacant house!

2015 FHA Mortgage Insurance Rate Changes


Effective January 26, 2015, FHA is dramatically lowering the insurance rates on their mortgages. Melanie Cameron of The Cameron Team in Wilmington, NC, shares more on this and how it will affect borrowers.

Melanie Cameron, Broker/REALTOR
Coldwell Banker Sea Coast Advantage
www.TheCameronTeam.net
910.202.2546 office