Insurance

The distinction between home insurance and home warranty policies comes down to a few main elements regarding their specific coverage.

In a nutshell, home insurance is designed to cover damages to a home's structure and the personal property contained therein. Home warranties are concerned with damage to a home's infrastructure and internal components.

In New York, homeowner's insurance is often a requirement by mortgage lenders that helps protect homes against significant losses. Home warranties, on the other hand, are an optional form of protection that many homeowners may purchase for the sake of their peace of mind.
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Despite its name, a mechanic’s lien comes from home construction or remodeling work. The typical scenario involves a subcontractor or supplier who does not receive payment from the general contractor. The subcontractor or supplier tries and fails to work out payment with the general contractor and ultimately goes after the homeowner and the home instead.

Here is an overview of what you need to know about mechanic’s liens and what happens if you buy a house with a lien against it.

How a Mechanic’s Lien Happens

A mechanic’s lien usually starts as a dispute about payments from the general contractor.
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Many of us view insurance as a necessary evil. The monthly premiums can be painful to see debited from your account. They can often total up into the thousands each year when you consider how many policies you have. You may have health, dental, auto, homeowner, life, long-term care, disability, and other policies to pay for. The benefits, however, can be substantial when you find yourself in need of them.

Will my homeowners’ insurance protect me in the event of an earthquake?

Last year, Americans watched as hurricanes, fires, and earthquakes struck parts of the U.S. and abroad, inflicting massive damages on homes and people caught in their wake.  These natural disasters have caused many of us to realize just how important it is to be prepared for the worst.

What is a C.L.U.E. report?