DO I NEED INSURANCE ? WHAT IS A HOME WARRANTY ?
After weeks of selecting your investment property, completing on the property and getting things up and running with your management company some people forget about two very important things, your insurance and your home warranty. On completion our after-sales team will walk you through the next steps and help you get everything in place, they will introduce you to insurance companies, management companies and even a local accountant. We have already done our homework so we know who offers the best insurance polices and home warranties at the most competitive prices. So what exactly does your house insurance cover ? In most standard policies, you will be covered for damage to your property and its contents as well as liability for accidents that occur on your property. As a homeowner, it’s important to carry insurance not only against damage to the house itself, but also to the contents of the house if something should happen, such as a fire or flood. It is important to take out enough coverage to replace what is insured. “Replacement Cost Coverage” gives you the money to rebuild your home and replace its contents. An “Actual Cash Value” policy is cheaper but pays the difference between your property’s worth at the time of loss minus the depreciation for age and wear. Global Investments will put you in direct contact with the main insurance providers in the US on the day you close, they will also help you fill in your insurance application form, we will have you up and running within 24 hours. You can also look at the option of taking out a Home Warranty, these are becoming increasingly popular with overseas investors. A Home warranty covers repairs and replacements due to normal wear and tear or breakdown. It covers items such as your boiler and furnace, electrical and plumbing, roof and air-conditioning. It’s not your homeowner’s insurance policy; a home warranty is a separate contract covering repairs and replacements on systems in your home, usually for a period of one year. If you would like to take out a Home Warranty Global will help you get one in place hassle free, you could also receive 7 months free coverage depending on which option you take. At Global Investments we know exactly what needs to be done from start to finish to ensure that every box is ticked and your purchase goes as smoothly as possible. We continue to provide you with a professional service after completion of your property investment. Once you’ve completed we are still here to look after you as part of our original promise.
