Comments for Home

Comment on Who Pays For The Home Insurance When You Let Your House? by CW

CW — Thu, 25 Feb 2010 14:17:12 +0000

It is not a legal requirement in the UK for a home owner to have buildings insurance (bricks and mortar) or contents however it my be required as part of a mortgage agreement.
As both parties (the owner and the tennat) have insurable interest each party can take out insurance on the same property.
In this scenario it would be worth the owner of the house to take out buildings insurance and the tenants taking out contents. If the owner of the house is leaving any of their possessions in the house it may be worth extending it to cover limited contents. I would certainly advise your friend to take out the scenario above. If there is any more confusion phone up your local brokerage or phone around explain the situation to the adviser then go from there. Hope this is of help.

Comment on Who Pays For The Home Insurance When You Let Your House? by mbrcatz

mbrcatz — Thu, 25 Feb 2010 13:13:58 +0000

If the owner lets someone else pay for the house insurance, it’s a big mistake - because if the other person doesn’t pay on time, the policy gets cancelled, and the house burns down, the owner is SOL.
The owner needs to include the cost of insurance in the rent he is charging, and pay for it himself.

Comment on Who Pays For The Home Insurance When You Let Your House? by nomad

nomad — Thu, 25 Feb 2010 06:36:56 +0000

the home owner

Comment on Family Members Car Is Being Worked On…doesn’t Have The Money To Pay For It? by chevy_ma

chevy_ma — Thu, 25 Feb 2010 03:53:36 +0000

heres how it will work.
body shop finishes job. contacts customer. cust says “i have no $”. body shop lets the vehicle sit on lot, secured so cust cant come get. body shop every day adds more $ to the bill in storage fees. certified letter sent demanding payment. mechanics lein started. company that holds the note on the vehicle pays body shop, resells vehicle, original owner responsible for any charges, diff in owed vs sale price, etc.
bottom line….no $$$, no workie!
people PLEASE dont have work done you cant pay for…all that does is screw the repair guys….and i am one of them!!!

Comment on Who Pays For The Home Insurance When You Let Your House? by Mn

Mn — Thu, 25 Feb 2010 00:14:44 +0000

If I were the owner I would get insurance (to include liability insurance) myself. It is my property and I would not trust someone else to insure it properly. I would consider the cost of the insurance as part of the cost of doing business (and adjust the rent accordingly)

Comment on A Mexican Team Is In The Little League World Series. How Many Of The Family Members Sho Came With Them Will? by budlight

budlight — Wed, 24 Feb 2010 18:47:32 +0000

depends on how many fit in the truck thats like the joke about the alamo

Comment on Who Pays For The Home Insurance When You Let Your House? by bonnie

bonnie — Wed, 24 Feb 2010 17:41:24 +0000

the owner if something would happen how would he get his money from the house always have insurance on anything of yours, he can always add it to there payment

Comment on How Do I Get My Family To Stop Calling Me Gay? by Carlos

Carlos — Wed, 24 Feb 2010 17:16:52 +0000

Stop talking to them until they respect your wishes.

Comment on Who Pays For The Home Insurance When You Let Your House? by jade

jade — Wed, 24 Feb 2010 14:54:47 +0000

He would have to pay for the insurance his-self.

Comment on Can Home Improvments (energy Related) And Education Be Deducted On Taxes? by Judy

Judy — Wed, 24 Feb 2010 11:59:38 +0000

1. It’s a credit, not a deduction. The residential energy credits will still be available for purchases in 2007, not after that unless it is extended. The credit is 10% or the cost, with a maximum credit for windows of $200. This is federal - I don’t know about Oregon state taxes.
2. No, you can’t deduct kindergarten expenses.