Sentences with phrase «even wealthy homeowners»

2 Huffington Post, When Even Wealthy Homeowners Are Using Reverse Mortgages, The Question Is: Why Aren't You?

Not exact matches

There are studies around that find homeowners on average substantially more wealthy than people who keep living in rental appartments (I'm mostly talking Germany, were renting is normal and does not imply poverty - but similar findings have also been described for the US) even though someone who'd take the additional money the homeowner put into their home over the rent and invested in other ways would have yielded more value than the home.

«The market for homes under $ 1 - million has become «red hot,» agents say, and that's at least partly because new rules brought in by Ottawa last year make it impossible to get a loan backed by mortgage - default insurance if the property is valued in the seven figures... The result: Bids for $ 999,999, or close to it, are increasingly common as even some wealthy would - be homeowners struggle to secure the necessary financing under new government rules.»

Barry says that while homeowners insurance liability limits typically start at $ 100,000, many homeowners feel more comfortable with $ 300,000 in liability coverage these days, and wealthy individuals often opt for even more under an umbrella policy.

Since those with modest incomes are even less able to pay damages than a wealthy individual, Novak Insurance Agency recognizes the need to provide coverage limits greater than what can be obtained from their homeowner insurance or car insurance policies.

With the exception of people wealthy enough to cover themselves for any loss (and even those folks can benefit from coverage), homeowners insurance is a foregone conclusion for property owners.