RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Most Insurance Covers Havoc Caused by Halloween Tricksters

October 31, 2014 1:48 am

Halloween can be scary, but having the right insurance coverage can take some of the fright out of the night. According to the Insurance Information Institute (I.I.I.), your insurance policies provide financial protection for a host of disasters whether they occur on Halloween or any other day.

“If you’re worried about Halloween tricksters who may cause damage to your home, there’s probably little to fear,” said Michael Barry, vice president, Media Relations, I.I.I. “But do contact your insurance professional with questions or concerns about your homeowners or renters insurance policy.”

Standard homeowners and renters insurance will provide coverage for the following:

Vandalism
– In the event your home or your personal possessions are damaged by neighborhood tricksters, homeowners and renters insurance policies provide coverage for vandalism and malicious mischief. You are on your own, however, when it comes to removing the toilet paper from your front yard!

Fire – If a jack-o-lantern or other decoration goes up in flames and damages your property, your homeowners or renters policy will cover fire-related losses. And, should the blaze make your home uninhabitable, additional living expenses (ALE) coverage will pay for alternate accommodations, such as a hotel, while your home is being repaired.

Injuries
– The liability portion of a homeowners or renters policy comes into play if a Halloween party guest, or a trick-or-treater is injured while at your house or apartment. These policies also include no-fault medical coverage so the injured person can file their claim directly with your insurer. And if Fido gets a little skittish from all the commotion and accidently nips a trick-or-treater, your liability coverage includes damages or injuries caused by pets.

Source: I.I.I.

Published with permission from RISMedia.


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Report: House Hunters Divided on Dream Home Aspirations

October 31, 2014 1:48 am

Conflicted over whether they can afford their dream home, house hunters in the U.S. visit an average of 10 homes before making a purchase, according to a recent report by BMO Harris Bank. The report concluded that slightly more than half (52 percent) of homebuyers currently in the market believe they will find their dream home within their price range, while 48 percent say it’s impossible.

The report also found:
  • About half (51 percent) spend up to six months searching the market.
  • Another 71 percent are willing to settle for a home deemed less than perfect.
  • Three quarters (77 percent) of home buyers say they'll know immediately when they've found their ideal house.
"It's important when house hunting to take the time, not only to find a house that fits with what you want in a home, but also to find one that fits with your financial situation," said Kevin Christopher, Head of Mortgage Sales, BMO Harris Bank. "The rule of thumb is total housing expenses should not consume more than one third of total household income."

Source: BMO Harris Bank

Published with permission from RISMedia.


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