Check Out These Open Houses in the Garden City Area This Weekend!

Beat the Spring crunch, or do a little market research!

(click on a property address for further details)

103 Transverse Road, Garden City NY 11530

Price Reduction! Brand New Construction, Hampton Style Masterpiece W/ Supreme Design Details & 3600 Sq. Ft Of Luxury! This Home Features 5/6 Bedrooms, 4.5 Baths, Open Floor Plan Designed For Entertaining, Soaring 2 Story Entry Foyer, 9′ High Ceilings, Inlay & Herringbone Hardwood Floors, Chef’s Kitchen W/ Viking Appliances, Quartz Counters, Huge Center Island Open To Large Great Rm, 5 Bedrooms (Including Master Suite Oasis) All On 2nd Level. Add’l Amenities: Mudroom, Full Basement, Huge Walk Up Attic, 2 Car Garage

  • 5 beds
  • 4 full, 1 half baths
  • 3,250 sq ft
  • 0.26 acres lot
  • $1,889,000

Open House Date: 1/12/2019  @  Time: 1:00pm-3:00pm

 

168 Pine Street, Garden City NY 11530

First Showing! Sun-Drenched 4 Br 2 B Expanded Cape Located Mid-Block On A Tree-Lined Street That Defines The Word Neighborhood. Offering An Open Concept Layout W/ Living & Dining Rooms, Eik, Adjacent Den W/ Fp, 2 Updated Baths & A Choice Of 1st Or 2nd Fl Master. Full Basement Houses A Rec Rm, Laundry/Utilities/Storage. Attached 1 C G & Charming Front Porch. Updates Include Roof, Boiler, Anderson Windows, Walkway, Driveway, Drywell. Walk To Locust St. School (K-1) and Grove Park.

  • 4 beds
  • 2 baths
  • 1,681 sq ft
  • 6,000 sqft lot
  • $749,000

Open House Date: 1/13/2019  @  Time: 2:00pm-4:00pm

Continue reading “Check Out These Open Houses in the Garden City Area This Weekend!”

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Prevent a Holiday Cooking Fire Disaster in Your Home or Investment Property

Cooking is the leading cause of home structure fires according to research conducted by the National Fire Protection Association (NFPA), and the number of cooking fires increases significantly around Thanksgiving and Christmas holidays. Cooking fires are also one of the most preventable losses in real estate. With regular maintenance and inspections, use of fire suppression devices, working smoke alarms and safe cooking practices, one can nearly eliminate the chance of a catastrophic cooking fire. . .

BreAnn Stephenson / Think Realty

Check out this article for 3 Alarms & Fire Suppression Tools, and 10 Safe Cooking Tips:   https://thinkrealty.com/prevent-a-holiday-cooking-fire-disaster-in-your-investment-properties/


Won’t Insurance Cover These Losses?
The quick answer is…maybe. While insurance is an important part of your risk mitigation plan, it typically doesn’t cover every type of loss, and each policy is different. Always check with your agent if you are unsure about your coverages. Even if your insurance does help, you can avoid a variety of expenses and hardships (think stress, loss of sleep, lost profits, lawsuits, guilt and more) by taking the proactive steps above.

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What Is Renters Insurance?

A renters insurance policy is a group of coverages designed to help protect you and your belongings. A typical renters insurance policy includes liability coverage, protection for your belongings and coverage for additional living expenses, should the home you’re renting become temporarily uninhabitable.

While you may not always be able to prevent certain situations, such as a break-in or visitor’s injury, renters insurance, sometimes referred to as “tenant insurance,” may help minimize the impact, whether you’re renting a single-family home or an apartment.

Personal Property Coverage

Think of everything you own. The value of your belongings can quickly add up. Personal property coverage, a typical component of renters insurance, may help cover the cost of replacing your stuff if it’s unexpectedly damaged or ruined. That protection generally applies to certain risks (also referred to as “perils”), such as fire and theft, the Insurance Information Institute (III) explains. So, if your computer and television are stolen, or your furniture and clothing are destroyed by a fire, this coverage may help you pay for the cost of replacing them. It’s important to know that coverage limits — the maximum amount your policy will pay for personal property losses — will apply.

What Is Renters Liability Insurance?

Personal liability coverage is part of a standard renters insurance policy. It may help cover legal expenses or the cost of non-auto-related damages to other people or their property if you are found legally responsible. Liability coverage typically starts at $100,000, says the Insurance Information Institute, with higher limits available.

What Does Personal Liability Insurance Typically Cover? Continue reading “What Is Renters Insurance?”

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I’m A Renter. Do I Need A Personal Umbrella Policy?

The fact that you don’t own a home won’t stop someone from suing you after an accident or other unexpected event — and Personal Umbrella Policies (PUPs) are designed to help protect you against liability claims.

In fact, one of the most important reasons to have a PUP may be to protect your income from being garnished if you’re found liable for damages, says Michael Angles, an Allstate agency owner in Chantilly, Virginia.

WHAT IS A PUP?
This policy sits on top of (thus the term “umbrella”) your auto or property insurance policy, providing liability protection beyond the limits of your regular policies.

Continue reading “I’m A Renter. Do I Need A Personal Umbrella Policy?”

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Hurricane Safety Checklist

The most important thing you can do as hurricane season approaches is to get yourself, your family and your home prepared.

By starting early, you’ll avoid the rush at home-supply stores, grocery stores and other venues typically crowded and often chaotic when hurricane watches and warnings are issued.

You should stock six basics for your home: water, food, first aid supplies, clothing and bedding, tools and emergency supplies, and special items. Keep the items you would most likely need during an evacuation in an easy-to carry container—suggested items are marked with an asterisk (*). Possible containers include a large, covered trash container, a camping backpack, or a duffle bag.

Make your preparations easier by downloading the checklists included with each category and use them as you shop and store your supplies. Continue reading “Hurricane Safety Checklist”

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Do I Need Homeowners Insurance Or Landlord Insurance For A Rental Property?

Suppose you have a single-family home that you want to rent out full time. What kind of insurance do you need to help protect your place? You most likely need a landlord policy. But if you plan to have tenants only sporadically, homeowners insurance may be a better fit. Here are some factors to consider when determining what kind of insurance is appropriate for your situation.

LENGTH OF RENTAL AGREEMENT
If you’re planning on renting out your home for a single occasion (to coincide with a big sporting event in your town, for instance), then it’s possible that your existing homeowners policy may provide some protection, says the Insurance Information Institute (III). While the policy may help provide protection if you rent out your home occasionally, you may find that you cannot purchase homeowners insurance if you do not live in the home. A local agent can help you understand what types of scenarios may and may not be covered.

If you’re planning on renting out your single-family home (or a second home/investment property) on an ongoing basis, then you’re likely a candidate for landlord insurance, says the III, because a homeowners policy typically won’t protect you in this scenario. Continue reading “Do I Need Homeowners Insurance Or Landlord Insurance For A Rental Property?”

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Can A Landlord Require Renters Insurance?

You found the perfect apartment with a great view, and it’s not far from work. Your potential landlord says your application looks good, but he requires you to obtain renters insurance before you finalize the lease. That may make you wonder, can a landlord require renters insurance?

Yes, landlords can require tenants to have a renters insurance policy. Many landlords insist their renters have insurance to help avoid potential disputes if the tenant’s belongings are damaged while on the property, according to the Insurance Information Institute (III).

Here are a few things to consider if your landlord requires you to have a renters insurance policy — and why you may want to consider renters insurance even if it’s not required.

DOESN’T MY LANDLORD HAVE INSURANCE?
Landlord insurance policies typically provide coverage for structural damage to the building, says the National Association of Insurance Commissioners (NAIC). However, landlord policies typically do not extend coverage to renters’ personal property. If your television is stolen or your furniture is destroyed in a fire, your landlord’s insurance likely won’t cover the costs of replacing these items. The NAIC also notes that the landlord’s insurance will not typically cover damage you cause to the building. For example, you may be responsible for repairs if you accidentally start a kitchen fire.

Continue reading “Can A Landlord Require Renters Insurance?”

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