Insurance in Texas

In regards to car insurance requirements in Texas, you must have a minimum of $15,000 to cover damages an accident causes other property; $20,000 to cover any bodily injury or death of one person per accident; and $40,000 to cover any bodily injury or death of two or more persons per accident. You can meet the Texas car insurance requirements by purchasing a policy from a car insurance company licensed to do insurance business in Texas, or you may want to post a self-bond ¡V set aside enough money to meet the car insurance requirements in Texas.
Self-bonding, or self-insuring, to meet the Texas car insurance requirements does have its advantages. First, you do not have to worry about whether or not it is going to be difficult to get insurance ¡V if you are providing it, it is already there! You also do not have to concern yourself with premiums, making payments on time, or renewal and cancellation in the matter of being self-insured.
When you meet the Texas car insurance requirements with a self-bond or self-insurance, you are also free to purchase additional car insurance coverage from a traditional car insurance company. By keeping your self-insurance stash in mind, you can pick and choose what car insurance coverage you want to purchase.
Self-bonding, or self-insuring, is not actually the most efficient way to meet the car insurance requirements in Texas, but it is an option ¡V an option that many people choose. The most common reason people choose the option of self-bonding to satisfy the Texas car insurance requirements is because they feel they are uninsurable. A bad driving record, a flawed credit report, and a sketchy history of making payments are all factors Texans believe make them uninsurable; however, these are factors that can and do improve in time, and the self-bonded individual may want to switch to a traditional car insurance policy in Texas once these factors have improved.

The Most Frequently Asked Questions About Title Insurance

The Most Frequently Asked Questions About Title Insurance
Many people don't know what title insurance is or what it can do for you. We've got a list of frequently asked questions about Title insurance that should help you decide if it's something you need to have.What protection does Title insurance give me?
The primary purpose of Title insurance is that it insures that the "record" title is good. That means that the title is accurate, and the rightful owner is on that title. Title insurance does cover for a number of other problems with a title, including forgery, identity of parties, incompetence of former owners, interest of missing heirs, and status of individuals not having the "right" to sell property.
What risks aren't covered?
The standard owner's policy and standard mortgage policy are based on public records of the recording district in which the land is located. It won't protect you from problems that would only be revealed by an inspection of the property. This is only about problems that could be presented in the public records. Therefore, it does not insure against unrecorded easements, liens or money obligations, unrecorded utility rights of way, public or private roads, community driveways and other types of encumbrances, or against the rights or claims of persons in possession of the property which are not shown by the public records.
Can I get protection against matters not of record?
Yes, you can but it will be "extended coverage" and at additional cost. However, at your application the issuing company may specially cover matters that are disclosed by a physical inspection and/or a survey of the property, subject to any exceptions that the inspection will determine to be proper.
Can I get different kinds of policies?
Yes. Owners' Policies are issued to you as the owner. Purchasers' Policies are issued to you as the buyer of real estate under contract. Mortgage Policies are issued to mortgage companies. However, you can expect that if your mortgage company takes out Title insurance on your new purchase that this will be part of the fees that they pass on to you.
It may make sense for you to buy both the mortgage and owner's policy, especially if your lender will require it. You may find a better rate for the insurance. Also, special rates are available when both Owner's and Mortgage policies are applied at the same time.
When is my policy issued?
The Owners Policy is usually issued after the deed to the buyer is 'delivered' and recorded. A Purchasers Policy is usually issued after the signed contract has been recorded. The mortgage policy of title insurance is usually issued after the mortgage or deed of trust has been recorded.
How are my premiums determined?
Title insurance premiums are determined by the amount and type of coverage provided. Unlike other insurance premiums, however, the title insurance premium is paid only once. At that point, the policy is effective for as long as title or "ownership" remains in the name of the insured, or his heirs or devises. If you have a question about rates, you can get more information. Rates are filed with the insurance commissioner who regulates the activities of title insurers.

How to Hire a Home Inspector

How to Hire a Home Inspector
You're buying a house. You want it inspected before you buy, to ensure you know what you are getting into. How do you pick the right home inspector?
Well, the first thing to keep in mind is that the home inspector is a generalist. They can give you an overall review of the property that is unbiased and relatively thorough, but they do not have the expertise of an engineer or other professional. The opinion of the home inspector is unaffected by the outcome of your real estate decision because they get paid regardless of whether you buy or not. The opinion of your real estate agent is not necessarily as unbiased, since that person has a stake in the sale. If the sale doesn't happen, the real estate agent doesn't get paid.
The majority of people do hire home inspectors. In most cases, there will be a clause in their offer to purchase that makes the sale contingent on acceptable results of the inspection. This protects you as the buyer, because you can void the deal if the inspection turns up a significant problem.
The cost of the inspection will vary. As a result, it pays to shop around. However, don't just buy the lowest priced inspection, because it may be that you aren't receiving as complete an assessment if you do. Look for an inspector who will tell you what will be covered in the inspection. You should get a review of at least the following components in the home or property:The exterior of the building, including walls, soffits, decks, roof, chimneys, and drainage conditions of the propertyThe interior of the building, including windows, doors, plumbing, electrical Major systems such as the cooling and heating systemsAttic and basement or crawl space and whether these parts of the building are adequately insulated and ventilated
If your inspector isn't prepared to cover all these areas, you are choosing the wrong inspector.
Keep in mind that inspectors don't take things apart; they do a visual inspection only. This limits the problems that can be identified, and the kinds of comments that can be made. For instance, an inspector can tell you if the roof needs to be fixed now, but can't tell you how much time a roof has left. In order to do that, a more in-depth review, including samples of the shingles, would be required.
Home inspectors do not do specialized work. For instance, they won't check for termites for you. You'll usually have to hire specialists for features such as swimming pools, septic systems, underground storage tanks for heating oil, or the health of trees and shrubs on the property. There can be exceptions, so if you need a review of the swimming pool, you should look for a home inspector who is qualified to do that for you.
Do you need the appliances checked as part of the deal? Not all inspectors will deal with these either. Check if this is a concern of yours with your particular real estate transaction.
So how do you actually find a good inspector? Your real estate agent may be able to refer you to an inspector. However, a friend of the real estate agent may not be as unbiased as you'd like. If you want to find an inspector yourself, you can start with your local Yellow pages. You can also find a professional on the web, through one of the home inspector certification associations. If you find your own inspector, be prepared to ask for references and then check them!
Of course, a word of mouth referral from a satisfied customer is always a good way to find a good person.
In general, you should accompany the inspector as the inspection is made. They can explain things on the spot, and answer questions that you may have. Doing this can give you the best bang for the buck.

How To Buy Or Sell A Vehicle Over The Internet Without Getting Taken For A Ride

How To Buy Or Sell A Vehicle Over The Internet Without Getting Taken For A Ride
by Steve McCauley
Would you consider buying a car...or selling one for that matter...over the Internet?
Where would you go to buy or sell a car online? Who can you trust?
Here's some eye-opening car buying and selling online statistics I'd like to share with you...
eBay Motors is the world's largest online marketplace for all things automotive and they have over 12 million shoppers car buying online every month with a vehicle selling every 60 seconds.
eBay Motors is so big, It's the most visited used car buying online website on the planet! There are more unique auto shoppers every month at eBay Motors than all the other major outlets, such as Cars.com, AutoTrader.com, and Yahoo Autos combined...let me say it again...that's COMBINED.
It's a quick and easy way to expose your vehicles to buyers nationwide...even worldwide!
Here's another interesting fact -- 75% of the vehicles sold on eBay Motors are sold to out-of-state buyers.
So why be confined to a small local market when buying or selling your car? It just doesn't make sense.
And apparently there are a whole lot of people who aren't bothered by buying or selling a vehicle over the Internet.
What you'll discover within this article is why, and how you can do it too, while staying safe and protecting yourself from the scamers and thieves out there that want to separate you from your money or property.
Come with me while we checkout the best places to go, and what to do to stay safe.
The Big 4 car buying online review
My advice is to use the below car buying online websites, as well as edmonds.com, kbb.com (Kelly Blue Book) and jdpower.com, to do your research on the value of the car you're looking for, what you should be paying for it and what the auto industry and consumers say about the vehicle in the reviews.
Here are the features I like the best about the big four...
Autotrader.com - This is a classified listing site. Most of their listings are car dealers with a few private owner listings sprinkled in between. There's very helpful tips on buying new, certified preowned or used cars. Good place to visit to research seller asking price or to get retail and invoice pricing.
Cars.com - This is a classified listing site. Most of their listings are car dealers with a few private owner listings sprinkled in between. It has an awesome shopping advice section, particularly the manufacturer's incentive programs, which is most useful when doing your research on cash back and special financing offered on your new car.
eBay Motors - You already know this...but I'll tell you anyway...this is an auction site. Their listings are a 50/50 mix of car dealers and private party used car sellers. Here you'll find a great tips and advice section that completely describes the car buying online process for both buyers and sellers of vehicles, and check this out...in the left column there is a "Search Options" section that allows you to query "Completed Listings". By using this handy feature for the car you want, you now know what others have paid for the same vehicle...and therefore...what you should be paying too.
Yahoo Autos - You can view beautiful photos of the new car you like...up to 19 outside and inside shots organized extremely well for easy, pinpointed, new car research. I really like their new car quick facts too...just click on the make, model and year you are interested in and up pops the quick facts page where you can see what Cash Back or Special Financing is available, a "Total Cost To Own" calculator is also available where you can see what it will cost you to own the vehicle you're looking to buy over a five-year period...and it's based on your local area. Another useful feature is the owner reviews that you can use to determine ownership satisfaction. Used car listings for Yahoo Autos are provided by Autotrader.com.
Side Note: Here's a link to a great site I found where you can do a meta search on most, if not all, the car sites for the vehicle your looking for on just one query. It saves you time -- you don't have to visit each site and type in the information over and over again...here it is: carchex.carminer.com.
Online car buying tips for buyers
The tips here a primarily for eBay auto auctions, but you can use most of them for the online classified sites as well. Once you know what you should be paying for the car you want by checking out what others are paying on eBay Motors, you can query the online, car classified sites with the car specifics and price. If you get a hit on your search criteria and you like the vehicle, contact the classified listing owner and make an offer.
But read these important tips first...
Focus on one car. Choose a make and model, then hit the Internet market place. It's easier to make frequent checks on the Internet car market by using an exact model in the search field. Then narrow things down further by year -- "from and to", for example: from 2003 to 2004.
Watch the auctions for a while before bidding. Use the "Watch This Item" feature to track sales. Search "Completed Listings" to track final sale prices. This is good advice before you make a purchase at any car buying online site.
Get familiar with the eBay buyer tools. Check the feedback from other buyers regarding the seller. Read the auction description carefully and request more clarification or photos by e-mail if necessary.
Some "experts" recommend you stay away from sellers with no feedback or that you make sure the individual is rated as a seller, not a buyer...I say balony!
And here's why...
For example...what if I'm a buyer and a seller at the same time, that is to say, what if I'm in the market for a new car and instead of trading in my existing car, I want to sell it online and make some money instead of giving it away (well almost) to the new car dealership? This may be the first time I've attempted to sell a car online, therefore, I would have no seller feedback.
This is a good thing in my estimation; I'd rather buy from a private party individual with no feedback than a dealer with tons of feedback. You are typically going to pay thousands of dollars less buying a used car from a private part vs. a car dealership.
Call the seller with questions. If you can't develop a rapport with the seller over the phone, why would you buy his/her vehicle site unseen? It all starts with building trust...and if it doesn't feel right over the phone, then it just ain't right.
Look for low reserve or no reserve auctions. Reserve price can often be as high as the car's retail value. Low reserve should be some where between wholesale (or trade-in value) and private party price. Some recommend looking for "No Reserve" auctions to bid on, but I don't agree with this because if the highest bid is below fair market then the seller could potentially cancel the listing before the auction ends.
Does the seller allow you an out? Bid only on auctions where sellers allow you to cancel after you inspect the car. Don't buy a car until you've had it inspected first...especially sight-unseen.
Obtain a vehicle history report. A vehicle history report can provide useful information, such as who holds the title to the car and whether the car has been in an accident that was reported to authorities. You'll also find out whether the car was ever reported stolen, salvaged or damaged.
Get the car inspected by an ASE-certified auto mechanic, if you brought the vehicle at auction or via private party. Schedule a mobile vehicle inspection with a professional mechanic or an auto inspection service that will go to the car if it's not located in your area. This is a great benefit. An auto inspection can identify hidden problems and help you avoid a costly mistake.
Now, keep in mind that an auto inspection isn't a warranty and won't guarantee a car is free from defects or that the inspector has identified all existing problems. But do keep in mind that sometimes, though, an auto inspection will uncover problems not reflected in the vehicle history report that could cause you to walk away from the purchase.
So don't rely solely on the vehicle history report to make your purchase decision...get your purchase inspected too.
Contact a mobile vehicle inspection service like carchex.com and arrange for a mobile vehicle inspection at a nominal cost. There are many good ones out there so do your research and choose wisely. It's important to get the seller's OK to do this first, and then provide the auto inspection service with the seller's contact information.
Confirm seller's contact information. Before you send payment, verify the seller's proper name, full address, phone number(s), email address, etc. You may even want to do a quick background check. You may want to visit netdetective.com where you can do this online. Again, there are a lot of service providers in this field, so do your research.
OK...so everything should match up. Be wary if the seller is located overseas; my suggestion is if you aren't in the international auto business or into buying expensive, exotic foreign cars, then deal only with U.S. sellers. You should be able to find the vehicle you want state-side.
Pay for the vehicle. Use PayPal to send a deposit for eBay auctions. Use a reputable escrow service, like escrow.com to protect yourself against fraud when paying for a car you purchased at auction or through a private party. You can use traditional methods of payment if you purchase through an established, brick-and-mortar car dealership you verified to be legitimate. Check with the Better Business Bureau.
Get a detailed receipt. Ask the seller for a receipt that states whether the vehicle is being sold with a limited warranty or "as is." If it's as-is, then you may want to purchase a limited, 90-day warranty yourself for protection against the unseen.
Get title to the vehicle. Make sure you know what's required in your state to transfer title to the vehicle you're buying. You can use an online title transfer service, such as that provided by escrow.com, who can handle everything or you can do it yourself.
Factor in travel or delivery costs. Remember, you have to pick up the vehicle. If you're local, then it's not a problem. If it's in another state several hundred miles away, then you also have the option of having it shipped. Include gas, hotels, food, lost work time, and plane tickets, etc. in the cost, if you're picking it up long distance. Part of buying a car halfway across the U.S. is the adventure...and the savings! It's not worth the trip if you're not saving more money than it's costing you to obtain the vehicle...and then some.
Pick up your car. If you're going to fly, buy round-trip plane tickets. Round-trip airfare is often cheaper than a one-way ticket, and it gives you flexibility if you decide to back out on the purchase. If you don't plan on getting the vehicle yourself, arrange for transport via a reputable auto transport company.
Online car buying tips for sellers
Confirm all contact information. Be very wary of buyers willing to purchase your car sight-unseen, especially buyers located overseas. Always verify the buyer's complete contact information.
Secure payment first. Do not transfer the title until you have payment in hand or in escrow at the agreed upon price. Verify that a certified check is genuine. Before you deposit a certified check, verify authenticity with the issuing bank -- not just your bank. Make sure the account contains sufficient funds and the issuing bank guarantees payment on the check. It may take a week or more for the check to clear. It hasn't cleared just because your bank has accepted it and credited your account.
Beware of overpayment or other complicated payment schemes. Don't agree to any plan where the buyer asks to send a check for more than the sale price and requests that the seller refund the difference. And be suspicious of any buyer who proposes making payment through a friend, agent or any other third party the buyer wants to designate.
Never give out personal information via a website, email or over the phone unless your absolutely have to and you are sure it is safe to do so. If you are conducting a transaction using your credit card on a website make sure it is legitimate first. Don't arrive at the site through a link in an email; type the web address directly in the Address Bar yourself. Then make sure your transaction is secure via a secure server; look for a logo such as Verisign or check that there's a lock icon in the lower right corner of your screen.
Prepare your car for transport. Whether the buyer is picking up the vehicle themselves or having it picked up by an auto transporter/shipper, prepare the vehicle for its journey. The auto transport company will provide you with instructions on what to do.
By following the tips and techniques contained in this article, you should have a pleasant, safe and secure...as well as exciting...online car buying experience.
About the Authorprofessional customer service experience, started SJM Automotive Services, LLC. Find out more about Steve's company here at www.sjmautomotiveservices.com. Steve is also the proprietor of a complementary, content-rich web site called carbuyingtips-sage.com, where you can find a wealth of free tips, techniques and resources that are indispensable