Portland Oregon Property Appraisers

Depending on where you’re looking for homeowners’ insurance, a simple policy could end up costing you a lot of money. Find out how you can save some serious cash on an ironclad insurance policy in the article below. These are some of the best tips in the industry to help you save.

Homeowner’s insurance is similar to car or health insurance. The higher the deductible the homeowner agrees to, the lower the annual premium. Higher deductible comes with less claims, as smaller repairs, such as leaking pipes, broken windows are taken care of by the homeowner. Have a savings account with enough funds to pay for the smaller repairs your homeowner’s policy will not pay for.

Bundle your insurance costs to save money. Buying your homeowner’s insurance from the same company from which you buy your auto insurance or RV insurance can result in a significantly discounted policy. However, don’t buy a bad policy based on a discount. Shop around and make sure that the cost of the combined policy is less than two separate policies at another company.

If you have children away at college, research your home owner’s insurance coverage policy to see if their possessions in the dormitory are covered. Most policies provide some coverage in case of theft or damage as long as the child is part of your household, but it also depends on the value of their possessions. If your child is living off-campus in an apartment, they may not be covered at all.

Believe it or not, you can find great coverage out there for a low price. It’s all about knowing how to shop for insurance. By using these tips you’ve just learned, you can now go out and find a very solid policy available at a great rate. Don’t just read the tips; be sure to put them into action.

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July 6th 2011

Nearly 4.1 million loans nationwide are 90 days delinquent or in foreclosure, according to Lender Processing Services’ May Mortgage Monitor report, National Mortgage News reported June 29.

According to the report, foreclosure sales totaled 78,676 at the end of May. The combination of serious delinquencies and foreclosures outnumber foreclosure sales by 50:1.

LPS said the East Coast has experienced the worst drop in the rate of foreclosure sales, led by Washington, D.C., which declined 96 percent, and followed by Maryland (80 percent), New York (79 percent) and New Jersey (75 percent), National Mortgage News reported.

“There are still significantly fewer foreclosure sales than there were before moratoria were put into place, and foreclosure sales are declining,” officials at the Jacksonville-based mortgage processing and technology firm said, according to National Mortgage News.

The overall delinquency rate for the nation is 7.96 percent, a month-over-month decline of only 0.1 percent and a yearly drop of 18.3 percent. However, LPS said delinquencies are still almost twice as high as historical norms and the rate of foreclosures is eight times higher, National Mortgage News reported.

Courtesy Karin Kelsey Member of the Appraisal Institute

Karin Kelsey
Certified Residential Appraiser-State of Oregon
Office phone 503-636-1163
Cell : 928-300-7828
3 Monroe Pkwy. Ste. P, #418
Lake Oswego, OR 97035
E-Mail Me

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