property insurance

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How is depreciation value determined?17kuwaiti2017-10-08 22:16:24
Tree roots from neighboring homeowners association invaded my property and did damage to my pool. Their insurance company accepted liability but wants to deduct 10% depreciation costs from claim payout. Can they do this? What are guidelines for determining 10%? I had lifetime structural warranty on my pool that was compromised by tree roots.[View Answers]
I would like to purchise my friends house.?2mathhy2017-08-23 22:07:34
The agreement that my friend and I came up with is: 1). She has an exciting loan on the property. 2). We agreed to pay the mortgage, taxes and an additional 1,000. incentive,as well as insurance. 3).She will carry the loan for us for 5 years and at which time we will refinance and pay off the loan of the agreed purchase price which has been set. 4), We also agreed that any equity built up from this point on will be ours, the buyers. 5).? can we do this and what kind of purchase agreement should we file.[View Answers]
18 and kicked out and dad wont give me my belongings?2Mariena2017-08-23 22:07:28
I am an 18 year old male living in riverside CA and a couple days ago me and my dad got into an argument and he blew up on me! he started throwing punches and a lot of crazy stuff happened! well he kicked me out and wont let me grab any of my belongings or let me step foot on the property without trying to harm me. He took my car keys and wont give them back. he purchased the car for me as a gift for $500. The vehicle is registered under my name and the previous owner signed the pink slip over to me. I pay for gas, and have spent over $4000 on my car to customize it. only thing he pays is my insurance because i was only getting paid $250 a week and wanted to help me out. Please help me. i want to legally get my car back and all my belongings. what can i do? A link to some of this information would also be nice. Thank you very much![View Answers]
A garage has towed my sons car from accident scene and he cannot pay what can he do?2mani2017-08-23 22:07:23
My son has written-off his car in an accident involving no other vehicle, personal injury or property damage and he has only 3rd party insurance. His car was removed from scene via police recovery and is in garage storage yard. They want him to pay before he can remove it and are adding daily fees all the time it is there. He is unemployed and in the process of going bankrupt with a final appointment to sign forms on monday at CAB who have been colating his debts and writing to his creditors in preperation for this. He has no money at all so cannot pay fee to remove the car (which was of little value and a write-off) or the mounting charges. How can he resolve this or halt the fees? Will this be automatically included with his other bankruptsy debts?[View Answers]
What do i do if my bike is vandelized?2djcj2017-08-23 22:07:14
i left my bike on MY property and it was on my porch. I went outside the next day to bring it in, and the tires were slashed, and the screws were gone. I don't want to really set up a bike insurance and i do not know where a bike shop is around in my town. What should i do???[View Answers]
Insurance that pays for damage from some type of impact to the insured's own car is?2Micheal2017-08-23 22:07:11
Insurance that pays for damage from some type of impact to the insured's own car is: a. property damage liability insurance. b. comprehensive insurance. c. collision insurance. d. uninsured.[View Answers]
Who is liable? complex situation with neighbor, landscaping?2Sashaank2017-08-23 22:07:06
I hired a tree service to cut down trees and trim hedges on my property that also served as a fence or natural barrier between my yard and the neighbor's yard. Two days later that same neighbor hired the same company (with the same crew) to cut down a tree on her property and also instructed them to completely cut down the hedges between us. She is 92 years old and told them it was ok with me, so they never checked. (Remember, these are the same hedges I paid them to trim just two days prior.) I came home to find 60 feet of hedges completely gone and am now without a fence or hedges or anything to enclose my yard. My insurance company has denied the claim. I believe the tree service and my neighbor are equally responsible. I believe my neighbor is somewhat senile. We've been neighbors for 17 years and she's starting to forget my name. What do I do to get new hedges planted or a fence installed or something. I have substantial losses and no one is willing to pay up. What do I do?[View Answers]
Tax question on rental property?2Elvi2017-08-23 22:07:02
I want to purchase a low cost home with cash and use it as a rental property. Yearly cash flow should be around $1020 (after tax, expense, insurance, etc). I am not working at the moment. Will I take a big hit for taxes on rental property since I cannot deduct mortgage interest from the rental income?[View Answers]
Can you believe this illegals could go free while their victim faces jail time?2Charles needs help...2017-08-23 22:06:58
WHEAT RIDGE, Colo. - Admitted thieves are going free, while an elderly Wheat Ridge man is facing the possibility of spending the rest of his life behind bars, all, he says, for trying to defend his property and his life. 82-year-old Robert Wallace said in February that he looked out his window and saw two men hooking his flatbed trailer up to their pickup. He yelled at them to stop, but they sped away, stealing his trailer. He told police he fired two shots at the pickup. Minutes later, police say 32-year-old Damacio Torres dropped 28-year-old Alvaro Cardona off at a hospital emergency room with a gunshot wound to the face. Torres did not stay to talk with police, but they caught up with him later. According to court documents, he admitted he and Cardona stole the trailer. Wallace did not want to talk on camera, but when we asked him if the two men threatened him he said, "They almost ran me over." The Jefferson County DA's office said that neither Torres nor Cardona have been charged with anything at this point, even though Torres confessed to the crime. However, the homeowner, Wallace is facing twelve felony counts, including four counts of attempted first degree murder. If convicted, he could spend the rest of his life behind bars. Sources say Torres and Cardona are believed to be in the country illegally and both have an arrest record. Cardona's record includes public fighting and numerous traffic offenses like driving without a license or insurance. Torres's record includes agricultural trespassing as well as a 2005 arrest for aggravated motor vehicle theft for which he was given a plea bargain to a lesser crime. Sources say Torres is also under investigation for being part of a major auto theft ring. Wallace is out on bond and due back in court in September to enter his plea. Neighbors say the thieves should be the ones facing charges and Wallace should be given an award for protecting the neighborhood. http://www.kdvr.com/news/kdvr-theives-fr[View Answers]
Claiming Holiday Letting Tax?2Sylvia2017-08-23 22:06:49
How does claiming holiday letting tax relief work? eg Salary of [View Answers]
Car Accident- My rights?2JAndu2017-08-23 22:06:45
Well first of all, I live in the state of Michigan, which is a "No-fault State". I have talked to a few lawyers and plan on talking to my insurance company on Monday for more information. The lawyers even said the law on cases like this were kind of confusing and would like to speak to me in person. Anyways, The Story: There was about 2 inches of snow at the time. I was driving about 40 mph in a normal 55 mph zone- giving the road conditions. There was a Van behind me tailgating me, about 10 feet the entire time. We were going down the road- I hit a patch of black ice and my car instantly went sideways (I drive a 1997 saturn SL2).. Since he was tailgating me, he had no room to slow down, he hit the breaks and hit the same ice as I did, and he tboned me while I was sideways. Needless to say, my car was totaled and his left without a scratch. My front alignment was totaled, tie rods, axle.. It did around $1500 in damages (which is more then what I paid for the car). We called the cops, no tickets were issued, but on record he put the other driver at fault. Here comes the tricky part: I have the basic insurance P.L.P.D.. which is Public Liability and Property Damage. In which terms the "Property Damage" would be covering the OTHER parties property, and not mine. The other driver had full coverage. Needless to say, his car was completely fine, he was at fault. My car was totaled and had to be towed home. As far as bodily injury, the other driver was completely ok. An hour after the incident I was driven to the hospital for neck and back pain. The doctors gave me a few prescriptions for Vicadin and Valium and told me to take a week off of work. So my question is: What are my rights? Will his insurance cover the damages to my car? Will they pay my hospital bills and reimburse me for the time I had to take off of work? Would I be sueing HIM or his insurance company? I have talked to a few lawyers and they all told me unless it's a serious injury or life altering case, that there isnt much of a case. "Being sore for a few weeks doesnt constitute as a serious injury". They said with PLPD I would be eligible for a maximum of $500, but does that come from my insurance company or his? That $500 wont buy me a new/used car, nor fix the damages he had made on my car. And again, what about my hospital bills and time from work?[View Answers]
We just purchased a 200K piece of property. My husband is 67 yrs. old & we need either mortgage insurance or t2eliza dare132017-08-23 22:06:27
We've purchased a 200K piece of property & need to have either mortgage insurance or term life to protect me. My husband is 67 yrs. old & I am 65 yrs. old. We can't find anyone to insure us for enough money. Does anyne know what alternatives we have? Some insurance companies only insure up to age 65 & others will only go up to 50K which is not enough to cover the property. Others only cover you until age 80 & we would like a 20 yr. policy.[View Answers]
Need a MISSOURI Attorney concerning real estate, Please read!?2AL 922017-08-23 22:06:17
Small Town, County Seat in Missouri I was divorced in 2000. My divorce papers read: The parties have agreed that the real property shall become the property of the husband subject to the indebtness theron, with the following exception. Should the property be sold by the husband, then wife shall be entitled to one half the equity. Otherwise, husband shall have in place estate planning which will cause (my sons name) to become owner of the property upon his death. Nowhere in papers does it say I will quit claim, and I remained on deed, mortgage and insurance until about 3 years ago, when he managed to get this refinanced by recording these divorce papers. He first had tried to refinance using my name as well, and I got wind of it, and stopped it. But he found another company and achieved it. I have seen a couple attorneys, who after reading my divorce papers, said I should sue the attorney who wrote them. I have learned recently that he has set up something that causes his new wife to inherit the property/house. Is he not in contempt of court doing this? The kicker to all this, is that the attorney who wrote this was "our" attorney. I was told when these papers were done, it would tie him up so that he couldn't do anything without me. The attorney is also the prosecuting attorney. This property is worth probably $200K. I didn't receive one dime from it when we divorced as I thought that at some point I would get my half. If anyone knows an attorney that would sue another attorney, or tell me how I can put a property lien on it, or get him for contempt, I would gladly appreciate it. I would let an attorney have 50% of a settlement. I have learned it doesn't pay to be fair, and try to do the right thing. Thanks[View Answers]
How can I evict someone off of my property that's living in a 5th wheel?2Merritt2017-08-23 22:06:13
My husband and I let my uncle move his 5th wheel onto our empty lot next to our house for $300 per month plus his other bills are in our name such as power, cell phone, car insurance etc that he pays to us. He's been living here in it for about 2 and a half years. In that time we've always had a hard time getting the rent portion out of him. We've never had a written agreement or written lease. We have decided we are tired of not knowing how much of the rent to be able to count on so at the first of the month we wrote up a lease agreement. My husband talked to my uncle who cursed him out and said he was not going to sign the paper. Since then, my uncle told a family friend that he may have to kick my husbands *** because of the rent. Now we just want him off of our property. We don't know how to send him a certified letter that he has to sign because he lives in a 5th wheel that is fenced in with dogs in it. So nobody that the dogs don't know can go to his door. How can we get him out of here? We live in Oregon[View Answers]
What happens when u crash on private property into pole and without insurance?2Ningi2017-08-23 22:06:06
I crashed today into a pole on private property (high school) and the school cop came and took my statements and everything... but i don't have insurance and they said she will call me in the afternoon for it... but i do not have insurance, what can happen? And i have my Learners Permit only right know but i had a Fully Licenses person with me...[View Answers]
My boyfriend that has no insurance borrowed my car and got rear ended, will my insurance cover?2Blak2017-08-23 22:05:59
I let my boyfriend take my car to go drop off his friend and he ended getting backed into by a truck and severely damaged my back bumper. Because it was on private property, the police couldn't do anything but observe us exchanging information. My boyfriend doesn't have insurance, but my car is insured. Will my insurance company be able to cover my damages, even though I was not present? This accident was the trucker's fault because he backed into my car, but this guy didn't even have an ID but the car was his family & supposedly it's insured. Please no smart remarks, I am asking because I'd appreciate some advice.[View Answers]
Standing to sue? Please help 10 points?2turi2017-08-23 22:05:38
Blue Cross and Blue Shield insurance companies provide 68 million Americans with health care financing. The blues paid billions of dollars for care attributable to illness related to tobacco use. In attempt to recover some of this amount, the Blues filed suit in a federal district court against tobacco companies and other tabacco products. The conspiracy involved misrepresentation about the safety of nicotine and its addictives properties, marketing efforts target children, and agreements not to produce or market safer ciggaerettes. As a result of the defendants' efforts, many tobacco users developed lung, throat, and other cancers, as well as heart disease, stroke, emphysema, and other illnesses. The defendants asked the court to dismiss the case on the ground that the plaintiff did not have standing to sue. Do the Blues have standing in this case? Why or why not?[View Answers]
Prime rate for Corporate America is down by over 5%, but the mortgage rates went down a fraction of that. Why?2Ahai2017-08-23 22:05:17
The housing crisis is unprecedented; the same way that the first $700 billion bail-out ratified in about a week time was. I know that the mortgage rates are at record 40- year low, but it is not enough! We should have the interest rates at lowest ever as an emergency, the same way as bail-out for big corporations was. When you bundle 5 million foreclosures, it should become "too big to fail", but it DID NOT because no one as powerful as the Treasury Secretary (who listens to the Wall Street) could tell the President to stop the failures (for whatever reasons) NOW. To stop the foreclosures (over 1 million in 2010), the government must figure out a way to reduce the 30-year fixed long term mortgage rates to about 3%. There should be certain percentage of loans with even lower rates for a 5, 10, and 15 year terms.The percentage should be figured out based on a formula that the economy could absorb when the loans would become due and have to be refinanced. The longer the term of the loan, the less of a future problem since over time the inflation as well as the reduced principal of the mortgage loan would take away the risk. Then, the mortgage payments would become affordable and it would become cheaper to own than rent. Investors would snap the rest of the properties to rent them. The foreclosures would stop. The banks would be in better shape since the potentially bad loans would become good performing loans. More people would qualify for a new loan or refinancing since the payments are lower with the lower interest rates. Now the government is trying to reduce and subsidize the principal amount of a loan to reduce monthly payments. This is not working since the home prices are falling further. If the interest rates go down, the property values will go up and payments become affordable at the same time. The wealth creation due to increased home values would stimulate the economy further. The guidelines for lending should be also modified to be more realistic without increasing risk. Banks must participate in loan risks. Fannie and Freddie should have a very limited role. The banks are now paying record low interest for saving accounts and should use the money with some kind of an insurance added to mortgage fees and then banks could participate in loan risks based on more realistic criteria.For example, if a person has not been late during the past few years, he would not be posing a new risk if his mortgage loan interest rate go down resulting in lower payments. He should be automatically eligible for refinancing with the lower payments since he has been paying the higher payments throughout the most difficult period during the housing crisis. Many big financial institutions got the government bailout money and manipulated the stock market to make record profit. Other companies on Wall Street recovered fast due to interest rates being near zero. For example, IBM had record profit because like many other companies they could borrow at 1%. as it was reported. Why can't the homeowners on the Main Street be treated the same way and given cheap money to turn around the housing foreclosures. If it was good for the Wall Street, it must be good for the Main Street. The reality is the lobbyist from big companies have more influence over the government decisions than the middle and working classes. There were over 1 million foreclosures last year and the suffering is unimaginable among the children of these group of people. there will be even more foreclosures in 2011, unless the interest rates go down further. If interest rates go down it will stimulate the housing industry. The jobs created by the housing industry with lower mortgage rates would benefit the Main street and would bring down the unemployment rates. Without housing recovery, the economy will not recover fast and the unemployment would remain high.The Obama Administration was perceived to be sensitive to the plight of people living on Main Street, but it made the Wall Street its first priority for recovery, may be rightfully so. Now what? There is no excuse not tobe sensitive to foreclosure rates by letting it go through its normal attrition. The crisis was caused by the greed of Wall Street and "creative" and fraudulent packaging of the loans into securities. Now the common people, with good or bad credit alike, have to pay the price by seeing the equity in their homes vanish. Some of the inflated prices were unrealistic. On the other hand when is "enough" is enough. The suffering as a result of foreclosures have reached unacceptable levels in terms of human including innocent children. At least, the government should try as hard as it did to resolve the bankruptcy of AIG, Goldman Sachs, Citibank, GM, B of A, and others. In aggregate, the human suffering is the same as if one of the "too big to fail" companies. In other words, when you add a couple of millions of foreclosures together in a bundle, it[View Answers]
Buying first home in los angeles? foreclosure?2Wyman2017-08-23 22:04:17
I make about 50k a year, and I want to buy in the los angeles area. I've looked around, and it seems like there's no way for any single person like me to buy a house/apt (the price is just so high with all the HOA, insurance, property taxes, etc.)... so I'm thinking about foreclosures. How does that work? or is it still better for me to buy normal listings instead of foreclosures? Can I still get an agent if I'm looking for foreclosures? (also, additional info about this, I have very good credit, and I want to do 100% financing or low down payment...) Please advise! Thanks a bunch![View Answers]
Need help with my fiancial situation. Not sure what to do?2caden2017-08-23 22:03:55
I moved in with my fiance to a very small town with limited job opportunities. He didn't have to pay a dime for the move and it cost me a few thousand to move here. I didn't expect him too. I am living off a small inheritance. My fiance makes 12 times as much as me. For a small town, that is pretty good for him, but he has to go where the money is. But, I believe in being fair and I split the bills, meals out, groceries, etc. He does pay for his own property taxes, homeowners insurance and propane, but we split the other bills evenly. The problem I am grappling with is because there are no job opportunities, I feel I am draining from my inheritance, I get income, from the bonds and it's very minimal, just around poverty level. If I moved to a larger city, I hopefully, with this economy, could get a job and not have to be dependent upon the supplemental income and then my inheritance would grow. At first I would have to live off the supplemental income and things would be very tight I know, but if I got a job maybe I could do away with the extra income or at least cut it back. I may have to go back to school to brush up my skills. Personal circumstances left me out of the job market for a few years tending to my late husband's injuries before he passed away. I thought of starting my own online business in this town, but I expect that may only make 2000 or 5000 a year, which is better than "nothing." Or have multiple online businesses, stagger them for extra income.[View Answers]

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