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What Are Building and Content Insurance?

Taking a policy cover for your property is one of the most important decisions one can take. This is true, whether the property is your current residence or a rental property. There are two options available. You may opt to purchase a building insurance and a content insurance separately. Alternatively, you may decide to buy a combined insurance policy.

Building insurance covers the owner of a building for any damage that may occur on it. It mainly covers the permanent fixtures in your property, such as windows, doors, roof, walls, floor, and ceiling. In addition, it may also include structures outside of the building such as the fence and the garage. It may also include the permanent and temporary fixtures and fittings of the building including built-in cabinets, wardrobes, interior decorations, underground tanks, drainage pipes, and cables among others.

The building insurance policy must also cater for the costs of rebuilding such as demolition costs, architects fees, cost incurred to clear the building site, among other costs. The damage to the building or property could be due to a number of events such as fire, theft, destructive weather phenomena like floods, lightning, hurricanes, and tornadoes. Other destructive events include earthquakes, explosions, damage by vehicles or airplanes, falling of a lamppost, pole, or tree, freezing or bursting of the plumbing system (part or whole). Making sure that you have Building and Content Insurance is the best way to ensure you are covered.

Content insurance, on the other hand, is insurance that covers damage to possessions inside a persons house or property. Here, possession refers to anything that is not permanently attached to the house or building. Some personal possessions may include clothing, furniture, carpets, entertainment systems, computers, and any other thing of value. The cover may at times extend to things stored or kept in outer buildings, or lawns.

$20,000 in Property Tax and Other Revenue Lost to Each Foreclosure

One of the consequences of building a business model on the assumption of perpetually rising housing prices is that, when those values stop rising and actually begin falling, it becomes increasingly difficult to stay in operations at the previous bubble level. Local governments are finding this out the hard way, as they struggle to generate revenue through property taxes in the midst of high foreclosure rates.

Homeowners who end up facing foreclosure can expect to pay an average of over $7,000 if they get back on track. This includes administrative fees the bank charges, late fees, legal fees, foreclosure costs, accelerated interest, and whatever other junk fees the bank can come up with. While this seems like a large amount of money, it is a small sum compared to how much the typical foreclosure costs the local government.

When a house goes into foreclosure and the lender ends up purchasing the house back at the auction, it often sits empty and falls into a state of disrepair. The longer it sits on the market with no buyers, the more it will deteriorate and the more drag it will have on local property values. The government will also be expected to provide services to the property even though it is generating little, if any, property tax revenue.

Just to keep up on the property, including utilities, sewer and water services, upkeep and maintenance, and property taxes, local governments lose an average of $20,000 per foreclosed house. During the boom, these same properties may have generated thousands of dollars per year in taxes and service charges while requiring no government involvement in maintenance or upkeep.

Local governments, therefore, should be expected to do whatever they can to attempt to change this new outflow of funds and loss of tax dollars when homeowners are unable to stop foreclosure. Unfortunately, instead of cutting back on salaries or staff and cutting tax rates to encourage new buyers to purchase these foreclosed homes, counties and cities have turned to coercion and violence to make up budget shortfalls.

Thus, there are more speed traps to hand out tickets to drivers putting no one in danger but operating a vehicle in a manner contrary to bureaucratic opinion. Parking meters in large cities are more expensive, run fast, and fill up sooner, while drivers receiving parking tickets anyway. Property taxes stay the same, if not rise, during the depression, which discourages properties in the area from being sold.

More rules, regulations, fees, fines, taxes, and stimulus packages will not encourage a turnaround in the housing market or the economy. These just increase the burden private people have to bear to fund varying levels of government that are running out of money anyway. While all of us have to get by on less income and save more, politicians and bureaucrats believe that they can solve all the problems just taking and making more money.

But the more government services weigh down communities and the nation as a whole, the longer it will take for business and people to recover. The less money we all have to spend on the things we want, the fewer businesses will be able to provide those goods and services and the more unemployed people we will have. This is unfortunate, and the nation needs to shake off the burdens of government to recover.

Landscaping And Tree Surgeon’s “Dead Wood”

Idioms are used to pepper the English language with unusual phrases. One minute it’s raining cats and dogs, and then next you’ll find they’re all bark and no bite. One idiom that’s really dime a dozen is the phrase ‘dead wood’. But there’s a serious side to the origins of the phrase in landscaping and tree surgery. Check out a dictionary and you’ll find the primary description as “Dead branches or wood on a tree.” Then the descriptions become idiomatic, with “one that is burdensome or superfluous” and “fallen bowling pins that remain on the alley.

“Curiously, in marine and land-based carpentry the dead wood is ‘the vertical planking between the keel of a vessel and the sternpost, serving as a reinforcement” or “small pieces of wood used as nailers in framing used for panel attachment in a cabin”. The advice you will receive from a reputation landscaping business or tree surgeon as that dead wood has its place in the environment and should be managed properly.

Simon Ablett is a tree surgeon with AC Landscape ad Treeworks in Devon, UK. His business is called upon to landscape gardens, remove trees (including coppicing and pollarding), fencing and digger hire. But one concern many people have is removing dead wood – either wholly dead trees or dead and dying branches. “The dead wood is often called coarse woody debris (CWD) and there is a lobby to maintain this type of wood in forests and woodlands because they form a habitat for wildlife and insects,” comments Simon. “This can help these habitats regenerate organically, and boosts numbers of fungi, mosses, invertebrates and bids and mammals.”Some studies have shown that 40% of all forest fauna are dependent on dead trees. “Many householders and business who have trees on their property seek advice from us on dead wood. Many want the trees to remain, since they can look attractive as well as attracting nature. As landscapers and tree surgeons we must find a balance between nature and safety. “Dead trees will suffer root rot and can become a hazard in strong winds, either falling onto buildings and vehicles or potentially falling on people.