When you buy a used car from a dealership, they generally place an extended warranty on your vehicle for 2 years of coverage on a 5 or 6 year loan. The additional cost to add on that warranty is around $2500 - $3000 dollars for 24 months of coverage. Now don't get me wrong, I am all about purchasing an extended warranty on my car, but I will not finance an extra $2895 on my 2009 Jeep Wrangler with 52k miles on it. Do you realize that you just lost $2895 dollars of equity in your vehicle over night. Cars depreciate fast enough. I don't need a warranty to do that for me.
I did some checking around, and found a 4 year extended warranty that I can pay on my own for $1500 dollars that covered the exact same items as the other warranty from the dealership. I called the bank and asked them how much will I save in payments if the $2895 is refunded immediately to the principal of my loan. she said that will take 7 months off of your loan. For the fact that your payment will not change, but the full refund will be applied to the principal.
The two companies that I recommend and they both had excellent customer service are:
AAAuto protection - Highly recommended by CNN and FOX
Direct Buy Auto Warranty-Recommended by Mortor Trend and Cars.com
Wednesday, July 31, 2013
Monday, July 8, 2013
Why is Home Insurance so expensive on the Texas Gulf Coast?
After consulting with several different insurance companies and underwriters of these companies we have come to a very real answer to the rising costs of home owners insurance. Even though the consumer does not believe they will ever have a catastrophic claim. The chance of one having a claim on the Texas Gulf Coast in and around the 4th largest city in the United States is 1000 times higher than the other 3 cities.
Home Insurance Companies, like most all types of property insurance providers purchase re-insurance as a
standard business practice. Re-insurance is an insurance policy with a very large deductible per claim event. How it works is the primary home Insurance Company purchases a re-insurance program with another Insurance Company (called a Re-insurer). The program works something like this – primary Insurance Company pays first $500,000 in claims for a claim event like a Windstorm on a particular date. If the total claims for that primary Insurance Company exceeds $500,000 for that claim event then the Re-insurer will reimburse the primary Insurance Company for those claims over $500,000 up to an agreed upon limit depending on the re-insurance program purchased.
The cost of Re-insurance in the Gulf Coast is going up sharply so the primary Insurance Companies must pass this increased cost on in the form of home insurance rate increases. The Re-insurer also reviews the primary Insurance Company’s operating practices. If the primary Insurance Company is still offering lower windstorm and hail deductibles in the Gulf Coast area the Re-insurer will charge substantially higher rates or may not offer to provide re-insurance for that primary Insurance Company at all.
Basil Housewright tells us that there are four very distinct choices for Insurance Companies in these matters:
A few home Insurance Companies have recently revised how they handle roof claims, which basically tightened the controls on verification of payment of the entire full deductible amount by the homeowner to repair or replace their roof. Bottom line if we want affordable home insurance with reasonable deductibles a homeowner is going to need to assume the cost of roof repairs and replacements.
Home Insurance Companies, like most all types of property insurance providers purchase re-insurance as a
standard business practice. Re-insurance is an insurance policy with a very large deductible per claim event. How it works is the primary home Insurance Company purchases a re-insurance program with another Insurance Company (called a Re-insurer). The program works something like this – primary Insurance Company pays first $500,000 in claims for a claim event like a Windstorm on a particular date. If the total claims for that primary Insurance Company exceeds $500,000 for that claim event then the Re-insurer will reimburse the primary Insurance Company for those claims over $500,000 up to an agreed upon limit depending on the re-insurance program purchased.
The cost of Re-insurance in the Gulf Coast is going up sharply so the primary Insurance Companies must pass this increased cost on in the form of home insurance rate increases. The Re-insurer also reviews the primary Insurance Company’s operating practices. If the primary Insurance Company is still offering lower windstorm and hail deductibles in the Gulf Coast area the Re-insurer will charge substantially higher rates or may not offer to provide re-insurance for that primary Insurance Company at all.
Basil Housewright tells us that there are four very distinct choices for Insurance Companies in these matters:
- Continue what they are doing with modest rate increases and go out of business.
- Discontinue doing business in the Texas Gulf Coast area.
- Continue what they are doing and raise the average homeowners premium to between 10% and 20% per year to allow them to pay claims, cover their overhead and make a modest profit.
- Provide policies comparable to current pricing structures but substantially raise the deductibles for coverage for windstorm, hail, and water damage.
A few home Insurance Companies have recently revised how they handle roof claims, which basically tightened the controls on verification of payment of the entire full deductible amount by the homeowner to repair or replace their roof. Bottom line if we want affordable home insurance with reasonable deductibles a homeowner is going to need to assume the cost of roof repairs and replacements.
Thursday, February 7, 2013
Cafe Rabelais-French cuisine
Cafe Rabelais
*****
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| This was some of the most delicious Duck Pate I have ever eaten! |
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| The wine list is extensive and original |
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| The only menu, is the one on the chalk board. Cafe Rabelais |
Tuesday, January 15, 2013
Bombay Pizza - Sugar Land, TX
Delivery is now available in Sugar Land as well! We have teamed up with I Eat Sugar Land to bring Bombay Pizza Co. to your dining room. Click below for more info.
This is will be your most unique pizza experience ever! You thought you experienced a flavor explosion in your mouth? Not till you try one of Bombay's. Now, don't get me wrong, she delivers an array of fabulous fusion of Indian and Italian. There is Pasta, mini burgers, salads and more.
Pepperoni, Spanish Chorizo, Beef, Canadian Bacon, Mozzarella, Grilled Chicken, Jalapenos, Red Onion & Bombay Pizza Sauce
Lankford's Cafe - Houston, TX
This Midtown “dive” has long been a destination for “old-fashioned” burgers and other budget-friendly Americana offered from breakfast till afternoon; “nonexistent service” and an unintentionally “kitschy setting” in a “creaky old building with a slanted floor” only “add to the quirky charm.”
This is a Must!
River Point Church - Richmond, TX
If you are looking for a church and just have no idea where God wants you to go. I am inviting you to visit my church, River Point in Richmond, or Missouri City. I was raised in a Christian home and I knew that I needed a true Bible believing church. I commend Patrick Kelly, the Pastor for sticking to the Bible. Not creating his own world of traditions that are not of God. He is a down to earth family man. He laughs, cries, makes jokes, and reflects on his own character flaws that he has to give up to God. We all do!
Check out their website, there is so much to offer the entire family. http://www.riverpointe.org/
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