Sheldon Gana from RDA Insurance has input for First Time Home Buyers
"Sheldon Gana from RDA Insurance has input for First Time Home Buyers"
Hey Guys! David Oliveira, Realtor® here. I am going to start adding some value from other people in my industry that I work closely with in real estate. I know these people will take care of you in your process as they have proven themselves to me time and again to be some of the best out here. There are many choices and it can be important to do a bit of research to find someone who is very good and can work well with you. It is also important to look deeper than who can get the job done, but who do we get along with, especially when a curve ball is thrown into the mix. A good question to ask is who can handle the pressure, adjust accordingly, all the while finding the best way to suit your needs?
Feel free to come back here to check out updates and also feel free to sign up on my site to start searching my MLS directly.
First up is Sheldon Gana. I have worked with Sheldon for some time now. First time I met him I had the cheapest insurance ever and I was looking to get it cheaper. He looked at my coverage and said Dave this isn't coverage at all, you are not protected. He got the plan together that covered me 10x what I had and it didn't cost me any more than it was before. Sometimes it isn't about a lower rate but someone that can look at you as a person rather than cattle being herded and genuinely care enough to help you.
He is a great guy who has helped me in more ways than one. He is very accommodating and doesn't mind stepping up to get something done or fixed right away. He has proven himself to be an asset time and time again especially during crunch time. I would recommend him to anyone. Thank you again Sheldon for getting me some information to provide to everyone. I wish you continued success. - Dave
Home Insurance Considerations
As an insurance agent, I have a whole list of reasons why someone shops around for insurance. In regards to home insurance, at the top of that list is “I was talking to my neighbor, and they only pay…”
Comparing sheer numbers on annual premium can be misleading.
From the perspective of an insurance agent, there are multitudes of factors that affect premiums causing rates to be higher or lower. Some of the most common ones are:
· chosen deductible – as the deductible goes up, the premium goes down
· square footage – bigger homes cost more
· age of the home – older homes cost more, closely linked to this are updates (to roof, plumbing, heating, electric, etc) – newer is better
· presence of a pool and/or trampoline
· presence of a dog ranging from Chihuahuas who are scared of their shadows to pitbulls with a bite history
Periodic policy reviews are the best way to make sure you have the coverage that matches your risk of claims; the worst time to find out you don’t have the coverage you thought you had is after a claim occurs.
Home Insurance Process
Purchasing a home is the biggest purchase most of the population will make in their lifetimes. It can also be one of the most stressful as well. Knowing a little about the process can alleviate some of that stress.
There are usually four parties involved that act on your behalf. 1) the realtor, 2) the mortgage company, 3) the insurance company, 4) the closing attorney.
The typical order of events: a realtor is the first contact to help you find your home, once the negotiations are underway, the mortgage company goes through their process, before the mortgage company releases funds for you to purchase the home they want to be sure it is insured. The insurance agent goes through their process and generates a binder for the mortgage company. A binder is a document that states as of the date of close there will be insurance coverage in effect. The closing attorney ensures that all documents have their “i’s” dotted and “t’s” crossed. After that, your house becomes a home.
"Enjoy the little things... one day you may look back and realize they were the big things."
- Robert Brault