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If you have home insurance or are shopping for a home insurance quote, you may be wondering if your personal belongings — furniture, computers, bicycles — are also covered. The answer is yes, but to a limit.

Most standard home owner insurance policies also provide coverage for your personal possessions. Usually, this coverage is a certain percentage of the coverage you have on the actual home. For example, you may have $200,000 coverage on your home — or “dwelling” — and 60 percent coverage on personal property. Thus your coverage for personal property would be $120,000.

Now, what you have to decide is if that s enough coverage. Make a list of your personal belongings and what you estimate it would cost to replace them if they were stolen or destroyed in a disaster. If you think you ll need more coverage, you can get higher limits on your policy.

Here s another thing to keep in mind. You can get coverage for personal property on an actual cash valu (more...)

Are you are about to purchase your first home? Are you unsure as to which type of mortgage to choose? In this article I am going to be writing about fixed rate mortgages, about why they are so popular and about why mortgage brokers, banks, building societies and financial advisers love to sell them. I hope you enjoy reading the article and find it beneficial.

The majority of people decide to choose a fixed rate mortgage for two years. The beauty of this is that they know what their mortgage repayments will be each month, for this period of time. The fixed rate will be lower than the lenders standard variable rate and therefore everything looks good.

During the last year in the UK, we have seen a number of interest rate rises and it may come as quite a shock to people over the next few months as their two year deals come to an end. For example, a couple of years ago Mr Smith may have taken out a two year fixed mortgage at a rate of 4.5%. When it comes to re-mortgaging, lets say next month, th (more...)