It is currently Mon Nov 25, 2024 1:22 am

View unanswered posts | View active topics


Board index » GENERAL BULLSHIT SECTION » GENERAL DISCUSSION

All times are UTC - 6 hours [ DST ]



Post new topic Reply to topic  Page 1 of 1
  [ 13 posts ] 
  Print view Previous topic | Next topic 
Author Message
conns7901
PostPosted: Thu Apr 19, 2018 12:40 pm 
Offline
User avatar

Joined: Wed Nov 30, 2005 11:36 pm
Posts: 19371
How much dwelling coverage should you have living in the Cook County suburbs?

Do you go by square ft of your house?

Purchase Price of house?

What you owe on house?

Current value of your house?

_________________
Frank Coztansa wrote:
conns7901 wrote:
Not over yet.
Yes it is.


CDOM wrote:
When this is all over, which is not going to be for a while, Trump will be re-elected President.


Top
 Profile  
 
leashyourkids
PostPosted: Thu Apr 19, 2018 12:43 pm 
Offline
User avatar

Joined: Thu Apr 14, 2011 7:56 am
Posts: 32234
Location: A sterile, homogeneous suburb
pizza_Place: Pizza Cucina
What it would cost to rebuild your house (plus more), not the market value of the real estate. Don’t you have an agent who can help with that?

_________________
Curious Hair wrote:
I'm a big dumb shitlib baby
Top
 Profile  
 
Frank Coztansa
PostPosted: Thu Apr 19, 2018 12:49 pm 
Offline
100000 CLUB
User avatar

Joined: Wed Feb 08, 2006 6:17 pm
Posts: 102657
pizza_Place: Vito & Nick's
This is five questions.

_________________
Joe Orr Road Rod wrote:
It's more fun to be a victim
Caller Bob wrote:
There will never be an effective vaccine. I'll never get one anyway.
Top
 Profile  
 
denisdman
PostPosted: Thu Apr 19, 2018 12:54 pm 
Offline
User avatar

Joined: Thu Jun 22, 2006 3:55 pm
Posts: 33067
Location: Wrigley
pizza_Place: Warren Buffet of Cock
This would be a Leash-type response....maybe he'll understand what I mean.

"Dwelling coverage (Coverage A) pays to repair or rebuild your home if it is damaged by a covered loss. The amount of dwelling coverage you need is determined not by the market value of your home, but the estimated cost to rebuild it. If you have a mortgage, your lender may even require certain dwelling coverage options, limits and deductibles."

_________________
Hawaii (fuck) You
Top
 Profile  
 
Don Tiny
PostPosted: Thu Apr 19, 2018 12:54 pm 
Offline
User avatar

Joined: Thu May 28, 2009 11:10 am
Posts: 42094
Location: Rock Ridge (splendid!)
pizza_Place: Charlie Fox's / Paisano's
leashyourkids wrote:
What it would cost to rebuild your house (plus more), not the market value of the real estate. Don’t you have an agent who can help with that?

"Rebuild cost" is the correct answer. The 'plus more' depends on your company ... for example, they might offer a 120% cap on the determined rebuild cost (the plus more is built in) ... my company, for homes 35 years old or less in good condition offers zero-cap replacement cost (maybe we incorrectly decided your cost to rebuild would be $300k and after a total loss it ends up being $750k ... well, zero-cap means zero-cap and you'd get the $750k). The former is not an unusual coverage option, the latter is a rather unusual option MANY do not offer.

If your agent/company doesn't have dedicated software to help them determine that, you need a different agent/company.

_________________
Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George
Top
 Profile  
 
good dolphin
PostPosted: Thu Apr 19, 2018 1:24 pm 
Offline
User avatar

Joined: Thu Feb 17, 2005 2:35 pm
Posts: 82222
Doesn't your lender define what you need?

_________________
O judgment! Thou art fled to brutish beasts,
And men have lost their reason.
Top
 Profile  
 
sjboyd0137
PostPosted: Thu Apr 19, 2018 1:30 pm 
Offline
User avatar

Joined: Thu Jun 11, 2009 11:24 am
Posts: 38635
Location: RST Video
pizza_Place: Bill's Pizza - Mundelein
good dolphin wrote:
Doesn't your lender define what you need?


No, because the lender's interest is in the real estate value...homeowners insurance covers cost to rebuild...

_________________
Darkside wrote:
Our hotel smelled like dead hooker vagina (before you ask I had gotten a detailed description from beardown)


Top
 Profile  
 
Frank Coztansa
PostPosted: Thu Apr 19, 2018 1:35 pm 
Offline
100000 CLUB
User avatar

Joined: Wed Feb 08, 2006 6:17 pm
Posts: 102657
pizza_Place: Vito & Nick's
good dolphin wrote:
Doesn't your lender define what you need?
Can't they just write it off?

_________________
Joe Orr Road Rod wrote:
It's more fun to be a victim
Caller Bob wrote:
There will never be an effective vaccine. I'll never get one anyway.
Top
 Profile  
 
Brick
PostPosted: Thu Apr 19, 2018 1:57 pm 
Offline
User avatar

Joined: Wed Jun 21, 2006 6:57 pm
Posts: 92050
Location: To the left of my post
sjboyd0137 wrote:
good dolphin wrote:
Doesn't your lender define what you need?


No, because the lender's interest is in the real estate value...homeowners insurance covers cost to rebuild...
I don't think that was true for me. They required it because they didn't want me to walk away from the mortgage if the house was unlivable.

The land value isn't really going to be effected by most issues.

_________________
You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!
Top
 Profile  
 
leashyourkids
PostPosted: Thu Apr 19, 2018 1:59 pm 
Offline
User avatar

Joined: Thu Apr 14, 2011 7:56 am
Posts: 32234
Location: A sterile, homogeneous suburb
pizza_Place: Pizza Cucina
The mortgage company has interest in the property and is listed as an additional insured on Homeowner policies. Some of them have certain requirements on coverage.

_________________
Curious Hair wrote:
I'm a big dumb shitlib baby
Top
 Profile  
 
312player
PostPosted: Thu Apr 19, 2018 2:42 pm 
Offline
User avatar

Joined: Sun Jan 30, 2011 10:15 am
Posts: 27591
pizza_Place: nick n vito's
leashyourkids wrote:
The mortgage company has interest in the property and is listed as an additional insured on Homeowner policies. Some of them have certain requirements on coverage.



I thought just the loan amount was required

_________________
The Original Kid Cairo wrote:
Laurence Holmes is a fucking weirdo, a nerd in denial, and a wannabe. Not a very good radio host either.
Top
 Profile  
 
hnd
PostPosted: Thu Apr 19, 2018 2:45 pm 
Offline
User avatar

Joined: Wed Nov 06, 2013 2:25 pm
Posts: 4272
pizza_Place: pizza and subs
conns7901 wrote:
How much dwelling coverage should you have living in the Cook County suburbs?

Do you go by square ft of your house?

Purchase Price of house?

What you owe on house?

Current value of your house?



they go by sqr footage and a cost per sqr foot. the replacement cost of our home was like double what we paid for it.
Top
 Profile  
 
good dolphin
PostPosted: Thu Apr 19, 2018 4:17 pm 
Offline
User avatar

Joined: Thu Feb 17, 2005 2:35 pm
Posts: 82222
leashyourkids wrote:
The mortgage company has interest in the property and is listed as an additional insured on Homeowner policies. Some of them have certain requirements on coverage.


would it have killed you to just say good dolphin is awesome and knows things

_________________
O judgment! Thou art fled to brutish beasts,
And men have lost their reason.
Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  Page 1 of 1
  [ 13 posts ] 

Board index » GENERAL BULLSHIT SECTION » GENERAL DISCUSSION

All times are UTC - 6 hours [ DST ]

Who is online

Users browsing this forum: No registered users and 10 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group