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Sunday, 27 April 2014

The Importance Of Homeowners Insurance

By Hedrick Lepsch


The crack of thunder wakes you up in the middle of the night. You look out the window to see lightning glittering across the night sky. Heavy rains are falling on your new home. The rains soon turn into puddles. Those puddles begin to build up and before you know it, you are dealing with a flood. You pause to think if you have insurance or not.

This crucial area of vehicle maintenance that too often goes unnoticed is checking and replacing the fluids of the car. Many have said that gasoline or fuel is the life-blood for a car, but the truth is that there are many more fluids that go into a well-functioning and safe vehicle than simply gas.

Other fluids, such as the engine oil, power steering fluid, brake fluid, engine coolant, and transmission fluid are all vital components to a properly maintained vehicle. However, for those who do not consider themselves "car people" knowing how and when to check these fluid levels, and refill or replace them if necessary, can seem like a giant hurdle.

The amount of money you get back is equal to the original price minus the total amount of depreciation. Obviously if you paid 1000 dollars for you bed you won't get that full amount back because it has depreciated and lost some of it's value over the years.

This is an important one. People are accident-prone. Accidents happen and no matter where they happen someone can is up for blame. If you have uneven concrete steps up to your home and someone trips, you can be liable for their medical bills because it was on your property. This type of insurance helps so that you can pay for the bills that will be associated with the medical expenses. Something to watch out for though is that many companies have a limit. Make sure you are aware of this because you will have to pay what is after that.

Making sure to have homeowners insurance for the liability aspect can mean money in your bank account or bankruptcy. Medical bills can quickly add up and leave the owner of the home with bills that they may not be able to pay off. Don't let these amounts get on top of you and make sure that you get homeowners insurance for at least the liability aspect of this.

If you are looking to get some extra cash and need to take out a mortgage, than you need to make sure that you have some insurance for your home. Many companies won't lend to people who don't have insurance on the home. For a mortgage, you are offering the home up as collateral and consequently, the bank wants to make sure that nothing happens to the collateral, so at least some kind of hazard insurance is a must.

Other fluids, such as brake fluid and engine coolant, can be checked simply by looking at their clear-cover reservoirs or by unscrewing their reservoir cap and checking fluid levels. When checking for coolant levels in the radiator, be sure that the engine is completely cooled and has not been running in the past two to three hours to avoid an explosive release of coolant from the radiator.




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