by Guest » Tue May 05, 2009 06:58 am
Can I protect myself against the falling price of my home? I'm looking for home equity insurance coverage that would protect me against the depreciating home equity value and help me in avoiding foreclosure.
Thanks,
Thanks,
Posted: Wed May 06, 2009 02:38 pm Post Subject:
Hi DJ..
You've hit a great point!
one cannot insure the the market.. as the prices have come down and earning have reduced and the value has also come down..
I've always believed that insurance has the power to affect the whole market trend.
The presence of insurance creates more demand and this in turn lessens the probability of price-falls.
What do you think? Roddick
Posted: Fri May 08, 2009 05:18 am Post Subject:
Hi Roddick..
as you said that insurance has the power to affect the whole market trend.
I do agree with you. however i am more of the view that if you have home equity insurance as support or a back up for unforseen uncertainties, then you could try to cover up some of the losses. but when a market itself is down and the prices have fallen how would you insure you equity its already take you down.
DJ
Posted: Fri May 08, 2009 08:16 am Post Subject:
I agree DJ that in the falling market it'd be hard to get an insurer who would insure against the home equity. But i'm curious about the statement made by Jeremy in his post.
It's said that it would also help in stabilizing the real estate market.
What do you think DJ, this statement hold any worth??
Posted: Sat May 09, 2009 01:21 pm Post Subject:
Hi DJ,
Hi Roddick..
as you said that insurance has the power to affect the whole market trend.
I do agree with you.
Thanks a lot!
but when a market itself is down and the prices have fallen how would you insure you equity its already take you down.
See..price falls could be the outcome of a number of factors!
I am just of the opinion that the presence of insurance helps to reduce chances of price-falls to some extent. Of course as you said...once the market has slackened (like in the recent times), then we can't think of covering for our losses anymore..
Now, do you agree with me at that point?
Roddick
Posted: Mon May 11, 2009 06:20 am Post Subject:
Hi Roddick
as u said that "we can't think of covering for our losses anymore.. "
Well the whole idea of getting insurance is to cover up for loss ie damage and repairs.
Equity going down is also a loss though .... and have recently read that the govt is about to introduce an Fed insu plan to cover equity as well....
And the insur sector is also not doing that well. they have also been hit today..
Lets c wat the govt has in store for the equity covg
Posted: Wed Apr 06, 2011 08:25 pm Post Subject: NdQPRqRSdLRtRWJbJx
Equity insurance.. Bully :)
Posted: Fri Apr 22, 2011 01:53 pm Post Subject: sILHqEfyBihf
Equity insurance.. Bang-up :)
Posted: Sun May 01, 2011 08:20 pm Post Subject: oDmozXwisfp
Equity insurance.. Tiptop :)
Posted: Fri Jun 03, 2011 12:52 am Post Subject: IXYdKULFQPZjmk
Equity insurance.. Nifty :)
Posted: Fri Jun 03, 2011 05:41 am Post Subject: mfRGrcahVCtHM
Equity insurance.. Great idea :)
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