The Blog
Water inside your home.
Here are six (6) types of water damage which may or may not be covered by your homeowner’s insurance policy. Sudden and accidental (like a pipe burst) Water backup (backed up drains) Foundation water (plumbing leak in foundation) Seepage or leakage (14 days is a...
When you are gone, will the be?
What type of life insurance do you need? Term Life – is like renting a home. Whole Life – is like owning a home. Term- Will last for a certain term (like 30years) Goes away after term is up Is cheaper Whole Life- Is permanent Pays at death Is more expensive Call your...
He Lost It.
Stan is ready to sell his house. Here are two situations that may arise: 1) Situation 1: Stan signs a contract and sends it to the buyer (= Offer) Buyer signs the contract as presented (= Acceptance) In this event, Stan is under contract and has a deal. 2)...
Got sued.
What does it mean to be sued? Or, to sue someone? Short answer – it means going to court to resolve a dispute. There are really two parts – finding the facts (using documents, witnesses, evidence) applying the law to those facts (the court/jury will apply the law to...
5 steps – that’s all.
Buying or selling real estate does not need to be intimidating. Here are the simplified steps: Contract is negotiated and signed. Buyer obtains a loan. A title company researches the title to the real estate and issues a Title Commitment (this will lead to an...
Will you sign this for me?
Situation 1: - SDPOA I am selling my house. The closing is next week. The Problem - I will be out of town next week for work. The Solution – a Statutory Durable Power of Attorney allows me to designate a person as my agent to sign the closing papers on my behalf....
Are you an “additional insured?”
You have purchased some rent houses and put them into a newly formed LLC. Good move. You obtained a commercial general liability insurance policy for the LLC. Good move. Something bad happens at one of the properties. The injured party sues the LLC and sues you, as...
You don’t own that water.
John owns 100 acres of land with a nice river flowing over it. He wants to take and use all the water from the river but must be careful. He may not have the right to do that. Here is a basic breakdown of law concerning water in Texas: 1) Groundwater is water under...
This guy could be trouble.
Two men are standing in front of you. “Nice Guy” looks kind. Generous. Is smiling. He wants to help. “Bad Guy” looks mean. He is angry and looks like he wants to hurt someone. Actual Cash Value “ACV” insurance policies can be like the Bad Guy. Replacement insurance...
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