Tag Archives: insurance

CHECK YOUR INSURANCE POLICIES

Friends of mine in the USA checked their policies and found that the “excess” payable in case of storm damage was around $600.00 per claim.  However, if the damage was caused by a storm “named” by the National Weather Service (i.e. Hurricane I’m Gonna Getcha, or Tropical Storm Pineapple, or Winter Storm Snowy) then the “excess” rose to over $10,000.00.

Here in Australia, friends who’s houses are located 100 metres above the highest ever recorded flood level have seen their premiums skyrocket after the floods.  Many have successfully battled their Insurer (or gone elsewhere) and have secured a huge reduction from the premium originally quoted.

I know it’s boring and tedious but please, and the sooner the better, pull out your full policy document, or download a copy from your insurance company’s website, and take a long hard look at what is covered, but more importantly, what is not and when.  You may be in for quite a surprise.

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ACE #4

Aspect, Contour and elevation continues.  I also used to an ACE in the Air Force!  Seriously.  Airspace Coordinating Element. A part of my role as a military air traffic controller was to ensure that Navy, Army, Air Force, “other” forces and units didn’t bomb, strafe or shoot each other, or civilians, out of the sky.  That’s about all I can say about that… Now, back to real estate, and again, in no particular order…

When considering a purchase there are hundreds of things to keep in mind, and I’ve mentioned quite a few already.  The list continues…

Poo.  Or more particularly, things to do with poo.  On your walk, cycle and/or drive around the area you’re thinking about buying in, look for sewerage pumping plant, breather pipes and other sewer infrastructure.  The local Council will also tell you where these things are.  Some of this plant can emit terrible smells either very occasionally, on a regular basis or 24/7.

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ACE #3

Welcome to ACE #3, an ongoing ramble of my experiences.

Easements.  Most people don’t understand them and ignore them at their peril. Again ASK your legal representative to explain what easements burden the land or property you’re considering or, in some cases, ADD an area to your land that you don’t own but are free to use.

I’ve inspected a house where the owner, oblivious to the presence of an easement burdening the land, had constructed an enormous and very thick, steel reinforced concrete slab topped with a substantial 25m2 metal shed. Trouble was that the shed was right on top of a 3 metre easement that ran along the entire back fence of the property. He was very lucky that the authorities hadn’t required access to the storm water drain that ran beneath the easement as they would’ve pulled down the shed, ripped up the concrete and sent the owner a bill for their trouble.

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SOLAR SCHMOLAR

I knew it!  You can’t trust them as far as you can throw them.

“Hear Ye, Hear Ye, gather ‘round all yea true believers and install solar power stations and reap the treasure trove of free energy and generous rewards from thy trustworthy Government  and most honourable power companies!”

BOLLOCKS!

What an absolute con job…

Anything that sounds too good to be true is normally too good to be true and this, like the insulation scheme and most, if not all other schemes thought up by stir-crazy politicians, is doomed to fail on a massive scale.

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