Navigating the insurance world can be challenging. There are so many different types of insurance, and none of them are free, unfortunately. How can you know what kind of insurance you need?
Here’s some good news: Both renter’s and homeowner’s insurance can offer wide-ranging benefits that help in areas that may seem unrelated to your home. Take a look at the differences between homeowner’s and renter’s insurance, as well as what to expect from each of them.
Renter’s insurance is not generally required — it’s something you choose for yourself. But it’s often a very good choice to make, since it’s extremely affordable. Renter’s insurance is designed to protect against the loss of personal property. When you’re applying for renter’s insurance, the insurance provider will ask about the cost to replace all of your personal property if it’s lost for any reason. This type of insurance has nothing to do with the actual structure — that’s insurance your landlord would take out.
One added benefit of renter’s insurance is that it may cover personal liability. For example, if you get sued for some reason, your renter’s insurance policy may cover a portion or all of your legal expenses. This is a helpful benefit that is also available with many homeowner’s insurance policies.
Homeowner’s insurance is something that’s required — you can’t own a home without it.
Unlike renter’s insurance, a homeowner’s policy will cover the actual property and any attached structures like garages, as well as personal property. Since you don’t have a choice on whether or not to get a homeowner’s insurance policy, you can shop around based on price and benefits. In short, you’re looking to get the most value out of your investment in homeowner’s insurance.
It’s always a good idea to start with your auto insurance provider — to see about bundling your policies for a discount — and then get quotes from several other providers. That should provide enough of a snapshot to help you make the right choice.
Like renter’s insurance, a homeowner’s insurance policy will also cover personal liability. No one ever anticipates getting sued, but that’s why you need insurance — it’s there for the unexpected.
Know going in that homeowner’s insurance tends to be far more expensive than renter’s insurance. Why is this? Because your homeowner’s policy is covering a whole lot more. Renter’s insurance is an incredible deal because it typically costs only a few dollars a month. That’s not the case for homeowner’s — but it’s still worth the protection it provides against damage to your home and property.
When you’re ready to move, make sure you have the right interstate moving company to get your belongings from one home to another. At Mid Atlantic Van Lines, we work with both renters and buyers to ensure that their things are taking care of on long journeys between cities and states. Let us take care of your move so you can focus on other important tasks, like finding the right renter’s or homeowner’s insurance policy for your new place.
Contact us today about serving as your reliable, trustworthy interstate moving company.
It’s an easy thing to ponder when you’re thinking about moving: Should I rent my old home? There’s a certain attachment to the old home, which makes renting it that much more attractive. There’s also the idea of a steady stream of income that accompanies renting your old home.
But like so much else in life, there are benefits of renting your old home just as there are drawbacks. To help you make the best decision for your unique situation, here’s a look at some of the pros and cons of renting your old home.
There are some investors who swear by real estate. Few things in life are sure to appreciate quite like a good piece of property. When you choose to invest in real estate, you’re choosing an investment that’s going to help you build wealth over the long term.
The key with any renting situation is to create enough revenue to cover the principal and interest on any existing loan as well as your taxes, insurance, repairs and maintenance. That’s a tall order. But keep in mind that even if you don’t make enough in rent to cover all of those expenses, you’re still building equity and maintaining an asset that will almost surely appreciate in the years to come.
Rental properties may also present certain tax benefits, depending on the specific situation.
Okay, so it’s definitely not all upside. There are a number of cons, too, and each should be carefully considered before you jump into renting out a property. First of all, you’re still on the hook for maintenance and repairs. This can be both costly and inconvenient. You can find a go-to source for maintenance and repairs, but this only increases the expense over doing it yourself.
There’s also the issue of occupancy. It’s great to see rent payments roll in when the property is leased — but what about when it’s not? You’ll still be responsible for mortgage payments, taxes and insurance, but you won’t have any of the revenue to help offset those costs. Not everyone can afford to cover these expenses in the absence of revenue.
Finally, there’s the hassle of finding the right tenants. You certainly don’t want to get caught up in a situation where your renters are making late payments or damaging your property. But that can happen without a comprehensive application process.
Is renting your old home right for you? Only you can answer that question. Take a look at your financial situation and take the time required to weigh these pros and cons before making a decision.
And, when you need a moving and storage company to help with the move to your new home, remember Mid Atlantic Van Lines. We can make life easier by taking care of your belongings and ensuring they arrive safely at your new abode.
Contact us today about serving as your moving and storage company.
So, the big day is almost here. You’re about to move into your new home and you want to create a to-do list that includes everything that needs to be done before you arrive. What exactly should be on that list?
You don’t have to wonder anymore, because we’ve taken care of the details for you. First thing’s first: if you’re moving from state to state, you need a long-distance moving and packing company. And then, on your first day, you’ll need the following:
Moving provides enough stress on its own. That stress is only heightened the farther you move from your old home to your new one. When you have your utilities, cable, internet, phone and appliances all scheduled and taken care of well ahead of time, that stress is reduced as much as it possibly can be. You can better handle all of the unexpected things that are sure to come up on moving day.
Securing a long-distance moving and storage company for your big day is a great way to reduce the stress — choosing a dependable and reliable company to care for your belongings and help you get moved in. At Mid Atlantic Van Lines, we are that company. Let us take care of the moving so you can focus on the many other things that demand your attention.
Contact us today about securing Mid Atlantic Van Lines for your long-distance move.
There’s something simple and incredibly helpful about finding the right moving and packing company to meet your needs. But, no matter how good your moving and packing company is, it’s important that you move some things yourself. What are those things? Here’s a look at the items you should take yourself, whether you’re moving across town or across the country.
Fine jewelry should be moved personally for two reasons: It’s small and it’s expensive. This is the type of stuff that can easily get lost or misplaced, which you want to avoid at all costs. It’s easy enough to move fine jewelry yourself because it’s small and light. Make sure it reaches your new home safely when you choose to move it yourself.
Heirlooms are important for another reason — they are irreplaceable. Anytime you have something that’s been passed down from generation to generation — something that holds significant value only to you — don’t run the risk of losing or misplacing that item in the middle of a move. It’s just not worth it.
Always make sure you have important documents before you move. We’re talking about passports, social security cards, birth certificates and similar documents. Not only is it expensive and difficult to replace these items, but you may also find that you need them immediately upon arrival in your new town or state.
For example: when you start a new job, you often need to provide a Social Security card and driver’s license to get paid.
Antiques are another expensive and difficult-to-replace asset that should be moved by the owner only. Oftentimes, antiques have special handling needs that are best executed by a knowledgeable owner. Antiques are also best protected when moved by the owner rather than as part of a bulk move.
You never want to be without your important medications — especially when moving to a new place where you don’t yet have a doctor and pharmacy established. This isn’t just daily medication. You should make sure you have anything you might need for certain allergies or allergic reactions, or even emergencies you’re more prone to.
This is just an abbreviated list of the thing you should consider taking with you before a move. You may have other assets that you deem necessary to move yourself.
When you need a dependable moving and packing company for everything else, trust the experience and team you’ll find at Mid Atlantic Van Lines. We have been the go-to source for trustworthy moving and packing for thousands of customers through the years. We’ll make sure your belongings arrive safely and on time.
Contact us today about your moving and packing needs.
Few things in life matter as much as where you live. Where you live determines the lifestyle you can lead, the things you can do and even how much time you spend in your car traveling to work and other important places.
Moving to an unfamiliar place makes it much more difficult to find the perfect place to live. Are you moving to a new city or state? If so, you may be wondering how to find the perfect apartment. To help you get started, here are a few tips.
It’s essential that you be realistic about what you can spend on monthly rent. Even if you can get approved for a lease, it’s not always a good idea to push as close to your maximum rent amount. After all, you want plenty of money left over to enjoy the place where you’re living, right?
Most lenders and leasers want to see a debt-to-income ratio of no more than 50% before approving a loan or application. That means your total monthly obligations (car payments, credit card payments, student loans plus whatever your rent would be) take up less than 50% of your monthly gross income — that’s your income before taxes and other deductions.
Now that you know what you can afford, think about the areas you want to be close to. Are you interested in a short commute? If so, look for apartments near your place of work. Do you want to be close to a child’s daycare or school? Look for apartments in those areas. Do you need to be near a certain kind of recreation, like a lake or a running trail? Look for apartments nearby.
Before you sign a lease, make sure you’re investigating how safe the apartment is. Make sure it has substantial locks and perhaps even a private entrance. You’ll also want to get a look at crime reports from the area. You can find websites that display crimes across a map, so you can quickly examine your apartment and the immediate area. There’s going to be crime no matter where you go, of course, but you want to ensure it’s not excessive.
It’s always a good idea to talk to current residents. They can share about the experience of living in a certain apartment complex or neighborhood and can tell you about the responsiveness of management when making maintenance and repair requests. This is where you can get an unvarnished look at what life is like living in a certain place.
Make sure you do a walkthrough of the apartment before signing the lease so you can ask final questions and come to a consensus with management about anything that might be a question mark. This is your chance to get the final information before moving forward with a lease.
Moving to a new and unfamiliar place is always tough. Make sure it goes as smoothly as possible when you choose Mid Atlantic Van Lines as your long-distance moving company. We are your best option when searching for a residential moving company that takes cares of your belongings.
Contact Mid Atlantic Van Lines today!