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Question by onelove1075: how long do i need to keep these records?
i have all my records filed away neatly but today i couldnt find soemthing very important so i ended up going thru every file(i eventually found it…yeah!)anyhow, it got me wondering how long if at all do i need to keep these things….

water/sewer bills
excise taxes(for car)
real estate taxes for primamry home
real estate taxes for income property
mortgage statements for primary home
mortgage staement for income property(its actually a payment book)
old homeowners policies for primary residence
old homeowners policies for incoem property
car insurance bills
old car insurance policies
paid medical bills(some very old!!!)
social security staments(things uyou get in mail that show what i woukld recieve if…-i am 35 years old right now)
health insurance “explanation of benefits(shows what they paid towards a service/claim, again soem very old)
gas/light bill for primary home
utility bills for income property(rent is all inclusive and utility bill comes to me)
home phone
cell phone
condo fee statements also have a payment coupon book
personal loan payment book/statements
home equity line of credit statements.

i know to keep anything that is an original loan agreement or shows a loan pd in full or acct closed but i also have paperwork from when i bought and have since sold a previous home. do i still keep all the papers from each transaction, i would think so but thought id ask.

thanks soooo much. i greatly appreciate it and so doesnt my poor over stuffed file cabinet

Best answer:

Answer by SashaMarie
Any bills you can get copies of online by logging in you should trash. (To avoid future clutter opt for paperless billing). Other bills should be kept for at least a fiscal year if you are planning on using them for tax purposes and keep summaries if not copies filed with them. Other than those 3-6 months is usually a standard time to keep bills, any mistakes will pop up before then.

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Question by coarsegoldgrannie: Why is it so hard to compare home/fire insurance rates?
I’ve asked this question here and elsewhere before but have never received a single solitary answer (except spam). Why is it so hard to find a site or get a response from someone saying–”yea I compared about 5 insurance rates and the cheapest was ABC Insurance”. You would think tens of thousands of people have the same question. (Auto and Life insurance comparisons are a dime a dozen so why not home/fire insurance–is there a conspiracy?!.) Surely at least one person has actually done a price comparison of homeowners insurance and shared the results! Why then is this info so impossible to find anywhere?
Thx.

Best answer:

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Question by Hmmmmm: If someone is not covered for money they put in for workman’s comp insurance, can they receive a refund?
My husband works for a roofing company as a claim specialist & he is considered an independent contractor. Therefore, he doesn’t get paid anything unless he makes a sale. Basically, if he finds a house that has hail damage, wind damage, etc, he meets w/ one of the homeowners insurance reps to show them the damage on the roof so that the insurance company will pay to have the roof replaced or fixed. The company he works for has been taking a % of each of these sales (in the beginning it was 6% and then went up to 8%) for “insurance,” which i’m sure is workman’s comp insurance since companies are required to have it. He was even given paper work stating this was what it was for. Now all of a sudden they are re-doing the paperwork & calling it overhead because they can’t say for sure that any of the claims specialists were covered for sure. The only thing they’ll tell him is that it’s a “grey area” & this is why they are re-doing the paperwork and calling it “overhead” instead of insurance. They also are requiring them to get their own insurance. My question is if they can’t provide documentation proving that my husband would have been covered if had gotten hurt on the job, would he be entitled to receive the money they say they took for “insurance?”

Best answer:

Answer by mbrcatz
OK, let’s back up a bit.

If he has to show up, and he can’t ‘contract’ the work out to someone else, he’s an employee.

Paying someone commission, or not withholding taxes, doesn’t make them NOT an employee.

Employers are NOT allowed to ‘charge’ an employee – or a subcontractor – for workers comp coverage. That’s selling insurance, and it’s illegal to do that without a license.

Let me tell you what the ‘grey area’ is – the roofing company is going to be on the hook for any workers comp or liability coverage, from an uninsured subcontractor. If he’s being required to get his OWN insurance, then they can’t be charging him “overhead”. They are trying to get out of covering him, under their policy – kinda silly, because he’s doing the lower risk work. That tells me, they aren’t buying ANY workers comp for their own roofers!!

If they had workers comp, they can’t provide any documentation proving he would have been covered. It doesn’t work that way. It’s not like health insurance.

He’s not going to get his “insurance” money back, unless he files a complaint with your state labor board. And that’s likely going to get him fired.

He needs to find another job. Workers comp rates for roofers, are about 25% of payroll. Not 8%. So clearly, they don’t have it.

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Question by slm: Is there a way to find out if someone has property and/or homeowners insurance and how long they have had it?
We were renting a house, 100+ acres of land, 2 sheds and a tractor barn were all included. With permission from the property owner we emptied out and cleaned up the tractor barn to start a vintage car and bike service and maintainence shop. She even helped supply some materials. We were fully stocked with tools and machinery when the barn caught fire and burnt to the ground in less than ten minutes.
The cause could not be determined due to the intensity of the fire, however, faulty electrical wire was the most likely cause. The owner claimed not to have “a lick of insurance” now we have found out from an not so reliable source not only was she insured, but she collected on the barn.

Best answer:

Answer by Big Deal Maker
Your current owner must have homeowners insurance. The lender requires it.
She however is not responsible for your property at all. You should of purchased renters insurance to protect your own property. Sorry for your losses.

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Question by sumthingmajick: What exactly is Mortgage Insurance?
What is Mortgage Insurance and what is its purpose? I know someone who recently lost their home due to a fire. They didnt have homeowners insurance but still owed the bank roughly $ 5,000 on the home. Will this “Mortgage Insurance” cover the loss and more importantly the $ 5,000 that was left on the note?

Best answer:

Answer by Galt Realty
There are several different types of insurance when it comes to your home. First, fire insurance. Most lenders require you to carry fire insurance that covers them in case of fire. Homeowner’s insurance generally covers the house and its contents and covers against other types of problems (a major leak is one example). It generally does not cover the house in case of earthquake, flood or fire. Many people also have mortgage insurance, which is generally purchased if you put less than 20% down on your home, as a lender requirement. This insurance may cover the lender in case of default on the loan. Most likely, any mortgage insurance would NOT cover the $ 5,000 still owed on the home. However, I am a broker in California, and local laws may vary by state.

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Question by rbh101: what is the cost of professional liability insurance for an independent caregiver?
Location: California

Care provided is non-skilled/ custodial only.

The care receiver is my domestic partner.

Long term care policy says I must have professional liability insurance “to protect the care receiver from any injuries sustained due to care provided”.

Both our names are on our homeowners policy – which has a $ 2 M personal umbrella policy (apparently not adequate)

Best answer:

Answer by mbrcatz17
Personal umbrella, or homeowners, won’t cover any business pursuits – including professional liability. So it doesn’t matter WHAT the limit is, it’s not covered. Also, as you’re both named insureds, it won’t cover one of you, if the other one of you is being sued (or in your case, if your partner dies, and their child/parent/sibling/legal next of kin blood relative sues you on behalf of your partner’s estate), the homeowners and umbrella policy ALSO won’t protect you. So think about that.

What type of medical license do you have? If you aren’t at least an LPN, you’re not going to get the liability coverage. It’s basically medical malpractice. If you don’t have the LICENSE to practice, you can’t get the insurance, that covers if you mess up.

AND, you’ll also have to have general liability coverage (another business coverage). My guestimate on the cost for both of these is $ 2500 a year, assuming you’re the only employee.

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Question by paris56: Why are most police liars and crooks who play favorites?
All societies need law enforcment. Some of the best minds in history have tried to envision a society that does not require law enforce, but failed. Mark Twain’s Huckleberry Finn comes to mind, and ST. Thomas More’s clever novel utopia. But both efforts fell short. I will never ever report any kind of a crime again unless it is against my daughters. There is about a 50/50 chance that the reported will be the one that gets charged. Try reporting a burglary. You won’t believe it. The first thing the police say is, “Do you have homeowners.rent insurance?” Report a car theft, and the police will say, “Who’d you sell it to?” Report a theft of money, and they’ll ask you questions about the local casino. I think 99% of these police complaints of a citizen assaulting them are made only so the officer can take a paid day off work – so they can recover. Police will never ticket a relative, even if they accidently caused an accident. 75% of police seem to think nothing of destroying someone.

Best answer:

Answer by lourdes r
because they are using their position to be that way.

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Question by syrdell: What happens if there is gap of time between two insurance policies in a home with a mortgage loan?
I had an oversight with the payment of my homeowners insurance and by the time I realized my insurance was unpaid, 45 days had elapsed. I am in the process of fixing the problem, but, will the lender force me to buy their “force placed insurance” if I can not get coverage for the past uninsured lapse of time? Before I call the lender to ask I want to be informed.

Best answer:

Answer by onthefasttrack
no you have like 90 days in most cases but you go to long and you will be forced to take there insurance and it will be for a year then you can get others and that ins they get you is expensive !!!! Just get insurance on it now before they catch you ! Plus they will put that insurance into the house payment and you might loose your house if you cant pay it!

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Question by ralph w: How do I use a “how much home can I afford?” calculator?
I’ve been playing with online house affordability calculators like this one:

http://finance.yahoo.com/calculator/real-estate/hom01

Why do these calculators ask you to enter “Estimated annual property taxes” and “Estimated annual homeowner’s insurance?”

Isn’t your annual property tax going to be BASED ON how much home I can afford? How am I supposed to know the amount of the taxes when I don’t know the value of the property? Isn’t this putting the cart before the horse? This would make a little more sense to me if they asked for a percentage.

Ditto, for the insurance. Isn’t insurance also based upon the value to be insured?

I’m probably misunderstanding these terms, but these calculators usually have really lousy instructions.

Thanks!

Best answer:

Answer by glenn
It is a kind of catch 22, you are right.

But in my area the property taxes are going to be about 2.8% or the purchase price per year. In an area just 20 miles away it might be 2.0% or 3.5%. The city, school and county all sit their own rates. I don’t know how your area is. The insurance depends not only on how valuable the house is but how good your credit is and how large a deductible you can stand and a whole host of other variables.

I think these sites are trying their best to warn you that these costs might make up a quarter of your house payment or even more and you need to think about them when you are looking at houses.

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Question by mscarlybobarlysmom: i have a HUGE collection of hummels’ – many questions, can anyone help?
#1 – how would i even start to find an appraiser?
#2 – is it worth holding on to or letting go?
#3 – is ebay the best source to sell, sell, sell?
#4 – i insured them under “homeowners insurance” as “useable goods”, just in case from being displayed in a case, but don’t even know the full worth –

Put it this way, I have hummels’ as far back that I can tell from 1936 up to the late 70′s, My grandmother passed away over 10 years ago and left them to me, I keep them safe, but have never done anything to expand them or have them looked at – I live in Connecticut and roughly have over 200 pieces. I’m now cleaning out my parents basement and more keep popping up along with fenton glass from the 60′s and even an orphan annie ovaltine mug I found on ebay starting bid @ $ 40 this morning and has already gone up to $ 85. Should I bring an antique dealer into the mess of things or will I get scammed? I’d love to keep some items, that have memories, but CASH IS KING!any ideas on where to start

Best answer:

Answer by cindyhemp72
Do it yourself on Ebay. An auctioneer will rob you blind on the profits. They will usually take 30% or more of the sale price. With Ebay, you have a worldwide audience. You have a small Gold mine there, the Fenton AND Hummels will fetch a good price.

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