Search found 62 matches

by August
Tue Aug 29, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Harvey flood damage [tenant's property has flooded - actions?]
Replies: 28
Views: 4878

Re: Harvey flood damage [tenant's property has flooded - actions?]

Renter's policies typically include loss of use, however Flood is not always a covered peril, so the tenant may be denied by his renter's policy.
by August
Mon Aug 28, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Harvey flood damage [tenant's property has flooded - actions?]
Replies: 28
Views: 4878

Re: Harvey flood damage [tenant's property has flooded - actions?]

First of all if both you and yours and your tenant and their family is ok that is the most important thing. Second you will want to go ahead and file a claim with both your home-owners and flood insurance policies. Then as said above, please be patient. Lots of adjusters are being deployed to that a...
by August
Thu May 18, 2017 9:51 pm
Forum: Personal Consumer Issues
Topic: Roof depreciation on insurance and replacement cost help
Replies: 2
Views: 390

Re: Roof depreciation on insurance and replacement cost help

Yep, what StevieG72 said. I usually explain it as two payments. One payment upfront to get the roofer started and a second check once it's complete. Only out of pocket cost is your deductible unless you upgrade the roof. The exception to this is if you have what is called an ACV roof policy, but sin...
by August
Mon May 15, 2017 9:55 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance & New Roofs
Replies: 44
Views: 4346

Re: Homeowner's Insurance & New Roofs

Property Insurance adjuster here. Have worked for several carriers as both a local and catastrophe (storm adjuster). I have looked at many thousands of roofs at this point. Several things to consider: First of all, yes, I have seen hail damage every home in the neighborhood except the one I was look...
by August
Sun May 14, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Replace floor BEFORE or AFTER New Cabinets?
Replies: 30
Views: 3741

Re: Replace floor BEFORE or AFTER New Cabinets?

Floor last. This way if you ever need to change the floor (water damage, etc), you won't need to tear out all the cabinets if they are not damaged. If the tile goes under the cabinets, then the cabinets need to come out to if something like water damages the floors. I do recommend either tiling unde...
by August
Tue May 02, 2017 9:16 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 248
Views: 31059

Re: Where to Live on $60K or Less a Year?

Having travelled a lot, I would consider from your descriptions- Charlotte, NC and suburbs. The city is growing into SC which has opened up areas of low taxes just south of the border. Charlotte is also a very "young" city in its feel and thus has a lot of outdoorsy type activities and parks. Greenv...
by August
Sat Apr 22, 2017 8:56 pm
Forum: Personal Consumer Issues
Topic: Hotel Living
Replies: 20
Views: 3647

Re: Hotel Living

Not to contradict btenny but I think whether gyms and/or breakfast is provided varies by hotel. When I was on the road most of the Marriott and Hilton extended stays (those are the two chains we stayed at the most) offered gyms, sometimes pools, free breakfast seven days a week and a free dinner/soc...
by August
Sat Apr 22, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Hotel Living
Replies: 20
Views: 3647

Re: Hotel Living

I lived mostly in hotels for several years while working a traveling job (250-ish days a year in hotel). For staying more than a few days, I'd recommend an extended stay style hotel. I found Marriott and Hilton to have the best rewards, even better if you get one of their credit cards and use that a...
by August
Thu Apr 20, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance!
Replies: 3
Views: 633

Re: Insurance!

A great starting point would be to talk to a few local independent agents. An independent agent (as opposed to a captive agent-like State Farm, etc) can give you quotes from several different companies for you to compare.
by August
Mon Apr 17, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: Is my electric bill high?
Replies: 60
Views: 7146

Re: Is my electric bill high?

Mine averages $60.00 in the winter and $100-110 in the summer (due to AC). I live in NC. ETA: I have a 1500 sq foot house.
by August
Sun Apr 16, 2017 10:40 pm
Forum: Personal Consumer Issues
Topic: Home Insurance Premium - How to decrease.
Replies: 41
Views: 4548

Re: Home Insurance Premium - How to decrease.

True, while some homeowner's insurance sometimes has a co-insurance clause depending on the state, I have never seen it enforced. Co-insurance is typically only used on commercial policies. As always it depends on your particular policy. :)
by August
Sun Apr 16, 2017 2:14 pm
Forum: Personal Consumer Issues
Topic: Home Insurance Premium - How to decrease.
Replies: 41
Views: 4548

Re: Home Insurance Premium - How to decrease.

I'd also make sure your policy allows buying a different house in another location as opposed to rebuilding and whether or not this may affect your actual cash value vs replacement cost coverage. It may depend on your state. Your insurance company may not have an issue with it at all or it may resul...
by August
Sun Nov 20, 2016 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: State Tax Return
Replies: 6
Views: 787

Re: State Tax Return

Thanks everyone for the advice. I don't want to ignore the letter. I think I'm going to respond to the letter by saying I was not a resident for 2013 (and beyond) and see what they say. The funny part is that since they sent the letter to my old address, had it not been my parents house, I never wou...
by August
Sat Nov 19, 2016 1:12 pm
Forum: Personal Consumer Issues
Topic: Turn off water heater on vacation?
Replies: 93
Views: 56474

Re: Turn off water heater on vacation?

Can't speak for the water heater itself, but I always turn the main water supply off when I leave my house overnight. Seen 1 too many houses where a supply pipe bursts while the homeowners are out of town for 3,4,5 even 8 or 9 days. Not pretty.
by August
Sat Nov 19, 2016 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: State Tax Return
Replies: 6
Views: 787

State Tax Return

I need some help with a tax situation. Not looking for any legal advice, just more of a wwyd. First some back ground information. From 2010-2015, I had a job that required frequent and long travel (up to 30 days at a time, 270+ days a year). I was in my mid 20s and was single. From 2010-January 1, 2...
by August
Fri Nov 11, 2016 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Home shopping, Potential roof leaking despite new roof
Replies: 22
Views: 1661

Re: Home shopping, Potential roof leaking despite new roof

While my first instinct is that I would pass on the house due to a chronic roof leak, it's also important to know where and why the roof is leaking. Is it an easy fix? Is it leaking around a vent or pipe boot that could easily be replaced, wind damage to the shingles, or a downspout letting out on t...
by August
Mon Jul 11, 2016 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Real career path for a 23 yr old with no college degree
Replies: 50
Views: 6989

Re: Real career path for a 23 yr old with no college degree

If he likes sales, I'd look into roofing or restoration sales. He may get some great travel opportunities as well. Unless he's afraid of heights, then might not be the best career path.
by August
Fri Jul 08, 2016 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Cash in Savings Bonds?
Replies: 2
Views: 409

Re: Cash in Savings Bonds?

I'd hold on to them. You probably aren't going to find 4 percent risk free yield anywhere else right now. You can certainly still consider them as part of your emergency fund as you can cash them in at any time if you need them. Unless your parents have been paying taxes on the interest every year, ...
by August
Tue Jul 05, 2016 10:54 pm
Forum: Personal Consumer Issues
Topic: When to proactively replace water heater
Replies: 60
Views: 7038

Re: When to proactively replace water heater

If the water heater is upstairs, in an attic, or in a finished place, I'd look into getting it replaced (or at least checked) before it starts leaking. Though Homeowner's insurance will typically cover the resulting damage from the leak, it is still a major inconvenience to deal with. I just recentl...
by August
Fri Jun 03, 2016 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for good home insurance
Replies: 16
Views: 1955

Re: Looking for good home insurance

I would recommend finding a good independent agent to give you several quotes. Sometimes you can get better coverage and/or better rates from smaller regional carriers than from the big national carriers that cater to the online crowd. Having a good agent can also help you through the claim process ...
by August
Sat May 21, 2016 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Hail damage on roof; what to do with Insurance Providers' $9,950 check
Replies: 51
Views: 5820

Re: Hail damage on roof; what to do with Insurance Providers' $9,950 check

You don't have to do the repairs. Truthfully, if a reputable roofer tells you it doesn't need replaced, it probably doesn't. Adjusters, especially busy ones (such as after a hail storm) will find any reason to pay for the roof on the first inspection to avoid later inspections, supplement requests, ...
by August
Thu Dec 24, 2015 4:44 pm
Forum: Personal Consumer Issues
Topic: [Interested in driving,] Any Uber drivers here?
Replies: 32
Views: 4109

Re: Any Uber drivers here?

I was wondering how insurance would work on the car too. I believe a personal policy has exclusions for using the car for hire or being paid to drive the car, so I imagine a commercial policy would be needed. I also know they have a requirement that you have a car that is less than a few years old, ...
by August
Wed Nov 18, 2015 10:02 pm
Forum: Personal Consumer Issues
Topic: Any experience with Geico/HomeSite homeowners insurance?
Replies: 3
Views: 1722

Re: Any experience with Geico/HomeSite homeowners insurance?

Please don't take this as a recommendation for one carrier over another, but working in the insurance industry I know that Travelers does offer sump pump coverage as an endorsement. It is part of their Enhanced Home package endorsement for HO-3 policies and can be purchased as an additional coverage...
by August
Tue Nov 17, 2015 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Comparison: Did I miss anything?
Replies: 17
Views: 3670

Re: Homeowners Insurance Comparison: Did I miss anything?

I would pay the extra premium for extended (open peril) coverage. I'd also make sure the policy you are looking at has replacement cost coverage for contents as a typical Homeowner's policy offers only Actual Cash Value for contents without an endorsement (Actual Cash value means replacement cost le...
by August
Fri Nov 13, 2015 11:14 pm
Forum: Personal Consumer Issues
Topic: "Big Box" Stores for new roof......
Replies: 11
Views: 1752

Re: "Big Box" Stores for new roof......

I would not go with a big box store, but instead get a few estimates from roofers. As mentioned previously, the big box stores use sub contractors and will add a fee- sometimes around 20% for Overhead and Profit. If you hire a roofer directly, you will not pay this fee. On an unrelated note, you may...
by August
Fri Oct 30, 2015 4:26 pm
Forum: Personal Consumer Issues
Topic: Hard Cider & a Flick
Replies: 30
Views: 3512

Re: Hard Cider & a Flick

Original Sin is my favorite if you can find it. Second favorite is Strong Bow. Stella also makes a good cider. Many of the lesser know ciders are usually quite good as well.
by August
Tue Oct 20, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Hotel Loyalty clubs
Replies: 16
Views: 2128

Re: Hotel Loyalty clubs

I do a lot of traveling for work and have found the loyalty programs for Hilton, Marriott, and Hyatt to be the best. Hilton and Marriott are better if you'd like to do vacations on points as they have more locations in different places. Hyatt tends to be the easiest to earn enough points for free ni...
by August
Wed Feb 11, 2015 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Condo Insurance Quote (Wisconsin)
Replies: 11
Views: 1158

Re: Condo Insurance Quote (Wisconsin)

Check with the HOA to see what the CCR's require you to insure. Some CCR's require a master policy to cover the construction to the bare walls, and you only have to purchase coverage for your personal property or improvements attached to the building. When you find out what you need to purchase, ge...
by August
Sat Feb 07, 2015 10:03 pm
Forum: Investing - Theory, News & General
Topic: TurboTax and North Carolina
Replies: 4
Views: 633

Re: TurboTax and North Carolina

It looks like they are e-filing them again after a brief investigation.


http://www.forbes.com/sites/kellyphilli ... -concerns/
by August
Mon Feb 02, 2015 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a giant pay cut - what steps to take?
Replies: 26
Views: 3721

Re: Taking a giant pay cut - what steps to take?

I can relate to this thread a lot and am curious to read everyone's advice (not trying to hijack the thread or anything). I also work in a cyclic industry though it is weather dependent rather than oil/energy dependent. The best advise I received when I started is try to save a one year emergency fu...
by August
Mon Feb 02, 2015 11:38 pm
Forum: Personal Consumer Issues
Topic: 3 must have car safety/'Convenience safety' features
Replies: 36
Views: 3786

Re: 3 must have car safety/'Convenience safety' features

I voted for a back up camera but truly prefer the around view cameras that are out now. That and the blind spot warning have saved me on more than one occasion. (While I try to avoid driving in other's blind spots I don't assume they will do the same).
by August
Sat Jan 17, 2015 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Home Owners insurance pricing ???
Replies: 14
Views: 2291

Re: Home Owners insurance pricing ???

It depends on the laws of the state. In most states, under many homeowner's policies, you would be paid the actual cost value or ACV immediately after the loss (provided of course the loss is covered). The remainder is paid after you spend the money on rebuild or on purchasing a new home. In other s...
by August
Wed Jan 14, 2015 2:33 am
Forum: Personal Consumer Issues
Topic: Sellers Won't Fix Leaking Roof; Fear of Additional Damage
Replies: 58
Views: 9431

Re: Sellers Won't Fix Leaking Roof; Fear of Additional Damag

Slightly off topic, but $15k for a 20 square shingled roof seems quite high even for a high cost of living area. I would expect the quote to be in the neighborhood of 7-10k. I would recommend getting a second estimate (unless the $15k estimate includes interior repairs as well).
by August
Sat Oct 04, 2014 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conundrum
Replies: 13
Views: 2317

Re: Roth conundrum

I have a 401k at Fidelity. They co-mingle the roth and traditional accounts similar to what you describe. I have no idea if that is just my 401k plan or if Fidelity does it for all their retirement plans.
by August
Sat Sep 20, 2014 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Home Insurance Policy Declaration Questions
Replies: 11
Views: 1434

Re: Home Insurance Policy Declaration Questions

Also keep in mind that in addition to policy limits, there may be certain perils or events that are or aren't considered covered losses and there may be loss settlement provisions such as replacement cost vs actual cost value that will play a role in your settlement should you have a loss. In additi...
by August
Fri Aug 08, 2014 5:32 pm
Forum: Personal Consumer Issues
Topic: Roof replacement
Replies: 13
Views: 1771

Re: Roof replacement

I prefer the 30 year laminates over the 25 year 3 tab. Generally, the 3tab is more labor intensive while the material for the 30 year is slightly higher. I would get quotes on both and compare several roofers and quotes. If you are in a high wind or hail area, the advantages of the 30 year are even ...
by August
Fri Aug 08, 2014 3:38 pm
Forum: Personal Consumer Issues
Topic: Home Exchange
Replies: 2
Views: 357

Re: Home Exchange

I can't say for sure on your insurance question without reading your specific policy, but many HO policies would cover the building, other structures, and contents from damage by a guest. I'm not sure on the liability part as I have no experience with that side of HO's claims.
by August
Thu Aug 07, 2014 6:16 pm
Forum: Personal Consumer Issues
Topic: Home Siding Options
Replies: 14
Views: 1817

Re: Home Siding Options

Personally I prefer fiber cement siding over metal or vinyl, but that is a personal preference. The Carolinas are not a huge hail area, I think the last storm prior to the one this year was in 2011 or so. Keep in mind that your insurance will probably only pay up to the cost of the siding you had (a...
by August
Sun Jul 20, 2014 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying First Home - Inspection Follow Up Advice
Replies: 22
Views: 2586

Re: Buying First Home - Inspection Follow Up Advice

I'd look into getting soffit vents to work with the ridge vents if I was re-doing the soffits. Soffit vents and a ridge vent are meant to work as a system and while you will get some ventilation from just a ridge vent, it will be much more efficient to have soffit vents as well.
by August
Thu Jul 10, 2014 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Water/sewer backup coverage: buy or not?
Replies: 33
Views: 22080

Re: Water/sewer backup coverage: buy or not?

If you have a sump pump or drain in the floor of the basement then get the coverage. If you have no drain in the basement and no sump pump, the coverage is pointless. What if the basement has sinks, a toilet, and a bathtub, but no floor drain or sump pump? (We have a sump pump, but only to service ...
by August
Wed Jul 09, 2014 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: review home insurance and StateFarm
Replies: 4
Views: 1207

Re: review home insurance and StateFarm

I am not familiar with State Farm declarations pages, but I am curious as to what "limited replacement cost" for contents means...is it a replacement cost policy or an actual cash value policy. Other coverages to consider: -Open peril coverage and replacement cost for contents (again I'm n...
by August
Wed Jul 09, 2014 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Water/sewer backup coverage: buy or not?
Replies: 33
Views: 22080

Re: Water/sewer backup coverage: buy or not?

If you have a sump pump or drain in the floor of the basement then get the coverage. If you have no drain in the basement and no sump pump, the coverage is pointless. Typically exterior drains are not covered under this rider as they are usually not connected to the plumbing system and once the wate...
by August
Thu Jul 03, 2014 12:15 am
Forum: Personal Consumer Issues
Topic: NJ Homeowners Insurance: Any advice?
Replies: 9
Views: 1220

Re: NJ Homeowners Insurance: Any advice?

The best advice I can give is if you aren't familiar with reading insurance policies is to find a good local independent agent. A good agent will not only help you get a policy to meet all of your needs, but can also work with your insurance company in the event you have a claim. An online broker wi...
by August
Wed Jun 11, 2014 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Temporarily Dropping Car Insurance
Replies: 13
Views: 1556

Re: Temporarily Dropping Car Insurance

Actually homeowner's insurance usually excludes automobiles. In the case of the car in the garage, the homeowner's insurance would probably cover the garage and contents of the garage, but not the car.
by August
Wed Apr 30, 2014 3:27 pm
Forum: Personal Consumer Issues
Topic: Roof Restoration legit or scam
Replies: 22
Views: 2567

Re: Roof Restoration legit or scam

Many large roofing companies will "chase storms" and show up in areas damaged by large wind or hail storms. Most of them are licensed and many do decent work, but you still want to do your own background research. Though you'll want to be aware that these contractors will leave when the wo...
by August
Tue Apr 29, 2014 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Home Insurance
Replies: 1
Views: 484

Re: Home Insurance

First off congrats on your home purchase! I am originally from Central PA. It is a great area. In regards to insurance, I would contact the insurance agent of your choice to get started. I always recommend an independent local agent rather than an online quoting system for someone unfamiliar with ho...
by August
Mon Apr 14, 2014 11:49 am
Forum: Personal Consumer Issues
Topic: Need advice on Roof damage and Homeowners Insurance
Replies: 6
Views: 640

Re: Need advice on Roof damage and Homeowners Insurance

I second what JBMitt said. I also handle storm claims for a large insurance company. There are only a handful of states that include a matching provision in the state statutes. A 14 year old roof (assuming 20-25 year composition shingles) is nearing the end of its useful life, you may be better off ...
by August
Mon Mar 31, 2014 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Earthquake insurance in California
Replies: 27
Views: 2429

Re: Earthquake insurance in California

A midwest earthquake would be doubly devastating. The buildings are not built to withstand earthquakes like they are in CA and not very many people have EQ insurance.
by August
Sun Mar 30, 2014 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Redrawn flood zone map puts portion of property in FZ
Replies: 25
Views: 5931

Re: Redrawn flood zone map puts portion of property in FZ

Being in a "100 year flood zone" basically means there is a 1% chance of the area flooding in any given year.
by August
Sun Mar 30, 2014 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Redrawn flood zone map puts portion of property in FZ
Replies: 25
Views: 5931

Re: Redrawn flood zone map puts portion of property in FZ

I have seen the damage that floods can cause, not only from large events like Sandy and Irene, but also from smaller rain storms or snow melts. I also recommend the OP check his homeowner's insurance for sump pump/drain overflow endorsements (if a basement is present). To save costs on flood insuran...