In order to make the decision on whether to get a renters insurance policy, it is important to know what’s covered, the three types of coverages typically available, and what to watch out for when purchasing your own policy. Please note that each insurance company has different exclusions and coverage limits. Problems and frustrations can arise down the road if you don’t fully understand what’s included and excluded in your policy. There are three essential types of coverage: 1) Personal…
Tag: Money
U.S. Orders Up To A Yearlong Break On Mortgage Payments
Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months. Federal regulators, through the mortgage giants Fannie Mae and Freddie Mac, are ordering lenders to offer homeowners flexibility. The move covers about half of all home loans in the U.S. — those guaranteed by Fannie and Freddie. But regulators expect that the entire mortgage industry will quickly…
One Click Away From NYC Rent Stabilized Apartments
One Click Away From NYC Rent Stabilized Apartments Quick Recap On NYC Rent Stabilized Apartments When the lease for a NYC rent stabilized apartment is up, the rental increase is regulated and you are guaranteed to get a renewal lease. After the initial approval of the application, the landlord of the apartment is basically stuck with you forever because they have no recourse in getting you out of the apartment barring some illegal activity or lack of payment that would void…