Calculate the Value for Your Content Insurance

To calculate the value for your content insurance you need to know the total contents you have in your house. This makes you able to calculate the insurance amount for your contents and in case of a claim; it will be settled as soon as possible.


How to make an inventory of your house contents

Systematically, visit every room of your home to list down all the contents you have. Do not forget to visit your gallery, garage and under ground rooms.

Make sure that you have recorded all the information of your contents in the list such as the model number, the make and the serial number. If you make a quick note about its age and condition, it will be better at the time of a claim.

Now, you would have to estimate the cost of each item at today’s prices. It is better to keep receipts of those contents. If you have any special items for which you are going to take the policy, then try to get the current valuations of those items.

If you need a cheaper insurance policy, then you would have to estimate the value of all the items taking into account what you paid for them, its age and condition. For example, you bought a sofa 4 years ago, which cost £1700. Suppose that the age of the sofa is 7 years so it is still got the value 70% of £1700 – in other words £1190. This amount should be included at the valuation of the contents.

It is a long process but it is the best way to find out the inventory of the house contents. In case of claim, the records which you made will be priceless in proving your claim.

Credit Card Debt Consolidation Online - Get The Best Option to Consolidate Your Credit Card Debt

Consolidate credit card debt online

In present time there are many people who are using credit card to maintain their life style or to fulfill necessary requirement of their life. In fact, they don’t know that how much credit card debt impact their life. Credit card debt can easily become a big problem in your life if you don’t know the use of credit card. Credit card users don’t understand that the interest rate of credit card makes their debt high if you just pay the minimum amount. Due to the minimum payment credit card debt will keep you in debt for a long time.

To become debt free it is very important to find out legitimate debt consolidation company. With the help of credit card debt consolidation online you can reduce your payment amount and become debt free easily. There are many debt consolidation companies that you can get them in online search. They could help you find several methods of consolidation for your credit card debt.

Which consolidation option is right for you?

How much credit card debt consolidation online option works for you, it depends on your personal factor, such as the debt amount you have to pay, your current credit rating status, and whether you have good equity in your home or not. With good credit rating, possibly you may qualify for an unsecured loan for credit card debt consolidation despite having no equity in your home. If you have equity in your home, then a refinance loan is a good option to consolidate your credit card debt. Otherwise, you can choose credit counseling or debt settlement to consolidate your credit card debt in case of no equity in your home.

Mortgage Rates Decline In Latest Week

According to data published Thursday, today mortgage rate fell for a second straight week, but the housing market is still facing headwinds from the struggling employment situation.

In the 2nd second week of Jan 2011, the average 30-year fixed mortgage interest rate reduced to 4.71. In the prior week the interest rate was 4.77% and in the last year it was 5.06%, according to Freddie Mac. To obtain the new rate 0.8% mortgage amount should be paid.

In the current week, the 15-year fixed mortgage rate was 408% and the average payment was 0.7 point. The rate was 4.13% before current week and in the last year it was 4.45%. 1% if mortgage amount is called A point which is charged as prepaid interest.

Reduction in the mortgage rate could help the housing market, is still in trouble due to persistent employment problem and a huge supply of homes.

In the current week 5-year Treasury-indexed hybrid ARM rate reduced to 3.72% from 3.75% in the prior week, which was 4.32% last year.

Tax Deductions for Investment Property

Having an own property is surely prestigious matter for everybody. Under the rules of various types of property tax deductions, you will be able to file your returns. Investment property tax deductions depend on used of property whether you are going to resale the property or you want to use it for the purpose of rental. This is because tax deduction may be different for rental and resale properties.


When you think about tax deductions, you will try to find out the different kind of expenditures that are deductible. at first, you have to know that the purchase cost of any kind of property is not deductible; either the property is bought for rental or resale purposes. With respect to resale properties, the purchase cost of the property is deducted from the property selling price to make the exact calculation of tax gain or loss and if you purchase the property for rental purpose, the cost will be depreciated from the property value.

property mortgage interest follows some certain rules to firmly decide whether it will be considered as a deductions for investment property tax. If you have taken a mortgage when the property is being renovated , then accrued mortgage interest is not deductible but it will be capitalized, regardless of whether the property is for rental or resale purpose. However, the mortgage interest will be deducted in case of resale property, where the construction of property is complete. Similarly, in case of rental property, the interest will be deductible under rental property expenses after completion of construction.

It is to be noted that any kind of minor repairs to keep the property in good condition are deductible. Apart of those expenses some costs are also included in it such as repairing furnaces, waxing floors, buffing carpets, etc.

Any kind of expenses such as travel and mileage incurred during the period of property construction, are not considered as a deduction. However, these expenditures will be deductible under Schedule A and Schedule E depending on whether it will be used for resale or rental, if it incurred after the construction is finished.

Office supplies, advertising fees, legal and professional fees and all other supply costs are deductibles if the construction is finished. If it incurred during the period of construction of renovation, the costs are deductible from the property selling price to make the calculation of tax gain or loss.

In case of resale properties depreciation is not deductible. However, you can avail depreciation for rental properties.