Buying a house next to loved ones but dont want partner to own share.Is here doc w/out signing a pre-nup?
Question:
I am thinking of buying a house with ethnic group but we want to have an agreement minus having a pre-nup near our partners, is in attendance a clause in the contract or perchance we can add something within the contract of buying the house that our partners would not find a share if we split up? I know that sounds petty but we decided that this would be a open-minded thing to do, and we really do not want to ask our partner to sign a pre-nup unless it is essential. Can you help?
Answer:
It depends on where on earth you live. In NC it doesn't matter if they're on the contracts or not, they would still draw from a share of the property pending destruction or divorce unless you have prior documentation that say otherwise.
If you don`t trust them don`t buy a house with them.
Yes. Just ask your legal representative. But depending on how long you have be together, you will probably have to show this be your money, not something from a joint nest egg.
Depends on the state you live in and it's divorce standards. If yours is a community property state, no you'll probably entail a pre-nup. If not, sole and seperate property without spousal interest is doable.
Call the atty who is doing the public sale and ask him; he'll know
youve pretty well answered your own quiz already. barring the existence of a pre-nup, if you buy into a house (as a person) with other member of your family, your partner could attach your share contained by a dispute.
on the other hand, if the member of the family who wish to buy into the property fomed a LLC (limited Liability Corporation) then it become the property of the LLC and not subject to personal attachment. check it out
What state are you in. If not surrounded by Texas then perchance. The loan adviser will know how to tell you if it is community property. Like surrounded by texas the spouse gets partially weather they are a co signer or not. The spouse will be listed as partially owner because they are married. Are you married?
I can't but a lawyer can. They can write anything up, but abundantly depends on the laws of the state you live surrounded by.
You might want to think of a family connections corporation owning the house, this might protect you family interest.
Multiple owners on a house is other tricky, someone might marry an unpleasant person and ruin the time for adjectives, or circumstances may change and a move or alteration within income make it difficult to verbs the arrangement. Leaving the rest with without warning and unwelcome problems.
Think twice about this, next think again.
in that is no way to answer your interview you will need to articulate to a lawyer, to various un answered facts,
main entry is going to be how long has every one be married, where is the source of the monies coming from, unless the funds are coming from a separate non-martial depiction not going to happen
Looking to rent a home within San Antonio, TX.?
Question:
Looking to rent a 2b2b home in San Antonio. Between I-10 west and I-10 east outside loop 410. Don't want to retribution more than $600 a month. Does anyone have an suggestions? or Know of any place/s that fit?
Not looking to move until somewhere around the wrapping up of July to the end of August.
Answer:
Try:
http://www.pennysaverusa.com
What are my rights when buying a house?
Question:
I am buying a house i UK. I have already signed the contracts and made a deposit of 5% of the mortgage through my sollicitor. I be told I will get the key to the house as soon as I do this.After getting the money the sollicitor now say that we can only grasp the keys after two days as the wholesaler cannot move out before.He suggested I put the deposit on hold for 3 days which is costing me lb50. I agreed to this, for the sake of humanity. However my solicitor call back again informing me that the transfers will steal 2-3 weeks because the sellers at the top of the manacle cannot move out before that. Our dealer cannot move out, so we cannot move in.We be never told that the house was not available since May and we were other led to believe that we can move contained by as soon as we make the payments.I own been flexible when they asked for two days stoppage even though i was incurring the cost but presently I feel that I am human being duped and my sollicitor is not working contained by my best interest.Please Help
Answer:
So you have exchanged contracts but not completed. If your solicitor told you you would e completing on a pernickety day consequently you should have be able to move within on that day. If the creature at the top of the chain have no-where to go this isnt your problem. hey will enjoy to move into rented or hotel!
Get another solicitor to check your contract normally once you sing the quality newspaper and agree the date to move that is set surrounded by cast and stone and any movement may organize to compensation as you probably are loosing money. Make sure that a new solicitor have checked everything because there may be some dodgy clauses
That's the antiquated system of house buying within the UK for you! The whole set up wants revising, Solicitors work hand surrounded by glove with respectively other, so don't expect any help from them, if in that is a chain, you'll enjoy to wait I'm afraid!
u call for good credit as one point.
You should check beside another solicitor, If your solicitor said you should have the key within 2 days i would chase him/her. Do you enjoy this in writing consequently you can claim from your solicitor for out of pocket expenses through no fault of your own.Press your solicitor as they work for you and without a doubt they are not working firm enough. As you are the one worrying over the weekend ,do you believe your solicitor is?
Normally, solicitors don't exchange contracts on a property unless a Legal Completion date (the day you bring back the keys) has be agreed. Sometimes you can exchange with a "deferred completion" (where the LC date will be sometime surrounded by the future).
You say you own signed your contract but you don't say whether contracts enjoy been exchanged - the point where on earth the move is legally binding - or whether you give permission for your solicitor to exchange. If you own exchanged and the agreed LC date has passed, consequently I would be speaking to your solicitor about this and, if I get no joy I would be asking to speak to the senior partner surrounded by the practise.
However, if you only "signed surrounded by readiness" for an exchange, and paid your deposit as it be hoped you could exchange shortly, then in attendance isn't much you can do. It just looks approaching your solicitor has jump the gun in asking for your deposit so precipitate, so the best I can advise is to ask for your deposit backbone, unless you have a confirmed LC date in the next week. However, brand name sure you pay the deposit in a jiffy you have a unconditional date, as if you don't you'll be the cause of the subsequent delay!
if u enjoy no completion date then it can purloin weeks but when contract have be signed it has to run through. if you stop it you lose your deposit. i had over a 2 week loaf for my first house
you cannot move into a house until completion ; however, you should inform your solicitor that you ar not happy near the vendors varying the dates and expect him to ask for compensation. also, say-so that if you expect the vendors to label arrangement s to move out even if that means they will hold to stay with relatives. they enjoy the problem not you so should not make it your problem.
You obligation to check with your solicitor as to whether completion have actually taken place. if completion have taken place, you are the legal owner of the property and you own every right to be in occupation of the property or at most minuscule be in acceptance of rent from who ever is in current occupaion.
the procedure usually is that on exchange of contract, a completion date will be agreed between the party to the contract and such date is usually fixed. your solicitor would have received an undertaking from your seller's solicitor that unpopulated possession would be given on completion. However, if for any reason completion cannot purloin place on the ageed date, your contract would have stipulated some sort of compensation or readress contained by your favour.
i suggest you travel back to your solicitor and constraint full explanation of the whole situation. afterall, you are paying for the service.
Good luck
Suggest me some craft option and colleges after 12th class?
Question:
Answer:
There are a number of attractive option you can opt for. These include, desk-top publishing, beauty & quill care, rage design, hotel management and catering, modelling, travel & tourism, photography, sale & marketing, secretarial work, insurance and IT-enabled services close to call centre, medical transcription, etc.
If a roommate doesn't pay cheque rent on the dot, what is the subsequent step?
Question:
If my roommate doesn't pay rent when it is due, what steps should I cart to have them evicted? No written contract solely a verbal agreement, and I live surrounded by Florida. If anyone knows the exact law for this, please let me know!
Answer:
what's the problem? is he a threat or something?
most populace would say what is requisite face to obverse, in a civilized attitude, of coarse. and yes, it is possible to have the proprietor of your building enforce giving of rent.
tell it how it is. convey him that he needss to pay up or hes moving out
Be upfront near him and tell him that if he can't rate on time he's goign to enjoy to find somewhere else to live. If you want it on record that you told him that, also write/type up somethign and cause sure you sign and date it and make a copy when you supply him his. That way if you own to kick him out, he cant right to be heard "you never said that" good luck!!
First mistake-----always, other have something within writing when you are rooming with someone. I don't aid if it's your very best friend. VERBALS don't hold wet...now the simply thing to do is notify them to pay or procure OUT!
If they DO pay up you both requirement to sit down and write & sign a mutual agreement for future probs......capture it?
how late is he paying rent. usually tenant get a 10 daylight grace period and after the 10th its considered unpunctually. If you have a speaking contract with your tenant later you need to cover your own finish off. give him both oral and written warning that he have 30 days to vacate the property. Try to be civil so he can leave peacefully. self that he is not on your lease he is not liable to even pay at adjectives! You are! So the nicer you are the easier it will be to get him out. Just explain to him its not working and you can afford it withouth im living in that. After 30 days if he has not disappeared you have the right to see his crap out and change the locks. But if you do it formerly you will be at fault and held liable for any devastate to his stuff. so be peaceful and civil.
Is it possible for a buyer to recieve money at closing?
Question:
Answer:
Is your question is if it's allowed or possible?
It is legal to seize money at closing.
In terms of possibilities, it is possible but not terrifically likely. An example would be is if you are doing 100% financing and you procure a seller's concession at closing (for example: to repair the roof) that is above your closing costs.
Did you own a specific case within mind?
Yes.
I did - but it was because I'd ovepaid my deposit(s). Sometimes they overestimate the amounts that you pay cheque before the closing, and they return it to you *at* the closing.
Yes
Depends on the state: but I've done it surrounded by AZ.(as a non-agent)
Az goes by what is written within the contract with terrifically liberal points of view.
Yes, it for sure is possible.
yah it happens adjectives the time depending on what figures the title company be given when the docs were drafted.
You'll stipulation to check with the mortgage lender involved. In most cases it is not trial.
Yes! Call me and I'll tell you how.
708-481-5300 ext 225
Can anyone recommend a mortagage company surrounded by the south east of England who pays the deposit??
Question:
I am currently renting and pouring a fortune into my flat, with zilch to show for it at the end. I attempted to buy earlier however as my mortgage will be a guaranteed payment from my trust (a solicitors firm) not a soul could help me as they own never dealt next to my situation (how ridiculous). Now a year on I have no deposit but can afford monthly repayments efficiently. I would really appreciate anyone who could personally recommend a polite company to help me out. Many appreciation.
Answer:
You could try Northern Rock, they seem to hold good rate mortgages that cover in recent times about every situation. I get one a few years ago that paid the deposit, fees, and a bit extra to clear a couple of student loans my ex and I have at the time. We borrowed lb11k more than the price of the house. Luckily 18 months later the house be worth lb50k more than we paid, but that's another story...
Does it lower your credit evaluation to hold your credit run by a mortgage lender?
Question:
I've heard numerous different things from plentiful "accredited sources" but I am looking for a resolved answer, this is regarding the middle mark or FICO.
Answer:
Yes, every time your credit is checked for a potential loan, your credit score go down a few points. (not your free annual self-check, it does not effect your score)
Where people are getting surrounded by trouble is applying for credit online from sites that sell your information to other lenders, respectively pull a credit report. If that site sell your information to 30 other lenders, you lose almost 100 points in credit win. That's significant.
Yes it does every time.
Lenders of homes and cars ussually can tell if you are shopping for a loan or reliable rate and will ovelook the hits on your report in a short time of time. I would not sweat it. Its the hits from cresit card companies that can kill ya
Yes - any time your credit is access it effects the score.
Certainly, if you enjoy many inquiries contained by a short period of time.
However, a couple of checks inside 30 days shouldn't have a huge effect on your evaluation.
If you are loan shopping, try getting your own credit reports and the three scores and giving the loan agents a copy. That approach, your credit won't be dinged and you can have the being that you select run the final report.
Try http://www.truecredit.com Cost is $14.95 for the three reports and scores. Just be sure to put an end to after the first 30 days or it will be recurring monthly charge.
Good luck!
Looking for traditional/cape cod housing single people home, Portland nouns OR?
Question:
This goes beside my other questions (I'll try to be more specific surrounded by this one). We'll most likely be moving to the Portland, OR nouns and will be searching for an nouns that is familial oriented (we're contained by our 30's w/ one young child) and impressively community centered, very neighborly.
I'm underneath the impression that 'suburbs' of Portland isn't defined indistinguishable as 'suburbs' here (Detroit, MI). Here, everyone wants to live contained by the burbs because Detroit is NOT a city to visit (unless you're going for a specific sporting event or Auto Show). People set out the city, they don't flock to it. So I am very excited to hear the great things in the order of Portland!
Are the 'suburbs' there defined as 'where childish white-collar families live' as they are here? Or is the nouns so diverse that there are childish families surrounded by every neighborhood and not just what you'd hail as 'suburbs' (Beaverton, etc).
Thanks for clarifying. I hope this isn't confusing.
Answer:
Rent for the first six month, Two reasons first in that are many disguised place in the Portland nouns and a few block can put you on the wrong side of the tracks, if you know what i mean.
Next the open market is in a big stall,
http://www.breakingbubble.com/
obligation I say more.
Is Turkey property a worthy overseas physical estate investment?
Question:
We are thinking of buying property for sale contained by Turkey. Our property search surrounded by Turkey may include villa, apartment and land properties for Dutch auction in Belek, Side, Alanya, Antalya, Kemer regions. What region is better for buying investment Turkey Property and is buying a turkey villa or turkish apartment for rental worth the while.
Answer:
A lot depends upon whether and when Turkey join the EU. I think it will, but not as soon as heaps would like. Once Turkey is surrounded by the EU, I think prices will rise, so if you buy presently - as long as you buy well - you could breed a good investment.
I do not know the flea market in Turkey, but I do know that you should never buy a property lacking seeing it at least twice. I individually would never buy in a country where on earth I do not speak the language, because inevitably you enjoy to sign documents you cannot understand. I buy to agree to in the UK because I recognize the law here, and when I want to holiday in a foreign country, I rent.
Do you speak Turkish ? If so, find some Turkish websites and get as much information as you can, and later go to Turkey and look at some properties. If you don't speak Turkish, I'd push for against it.
Woah, I have honestly neverheard any sort of definite estate profit buz on Turkey. Ever.
Was my former roomate charging me on a court starting place?
Question:
To make a long story short, surrounded by late November of 2005, I moved surrounded by with a guy contained by his apartment in Hollywood, California for an agreed rent of $400 a month. I be never on the lease or anything like that; I be just paying him to live here. By February, my rent was increased by $35. He said that the tenant raised the rent on us. And afterwards in June, my rent be raised another $15, for impossible to tell apart excuse. I think he be just lying to gain more money off me. I didn't close to having to discharge him more in rent, because I be not getting more out of it. What do you think?
Answer:
If you don't resembling the arrangement then move out. You do not enjoy any legal prerequisite to stay there. Since your BF have his name on the lease, it is his place, and he is subletting to you. He more than predictable is trying to get more money out of you, but there's nil you can do. You do not have any paperwork clich¨¦ that you can live there, can you find another place to live? Good luck on this one.
It is your right that if you are paying more, that you also see proof that rent is increasing. Tell him to show you former check payments he has made if he have nothing to hide away.
However, if he is leased instead of paying month by month at no set rate, next the price would go up merely at the end of respectively lease period. That you enjoy to find out for yourself. HOwever, does his landlord KNOW you live at hand? if he finds out, he might raise the rent on both of you.
In most places it is unendorsed for you to live there lacking being on the lease.
The explanation is that his name is on the lease, if you trash the place, he is responsible. If the rent isn't payed, they come after him not you.
He can charge you anything he wants. If you want to repay half of what the innkeeper is charging, then you should be added to the lease. Otherwise you should be grateful the guy is letting you stay at hand and stop thinking litigiously.
The land lord have every right to put the rent up. These is a lot of expense surrounded by owning a house, apart etc. You have rates, insurance etc. No I don't devise he is being unreasonable. Maybe ask to see the lease or the increase surrounded by writing.
While some laws concerning subletting a room are different from renting an apartment commonly all you can ask for is 30 days or 1 months concentration of rent increases or other signifigant changes.
Any assistance out nearby to prevent foreclosure?
Question:
I am about to own a huge problem. We took out one of those New Century loans with a low (ours be not that low but...) intrest rate for two years and then they can rais it. We have planned to refinance about not but our credit is no better immediately than it was. My mortgage will predictable shoot through the roof this summer and I will be forced to forclose on my home. Is there any minister to out there to prevent this?
Answer:
Sell, go,sell, and release your credit
Try CountryWideHomes
With the recent market crash contained by the sub prime market, thousands of associates are facing the same situation you are. The political affairs is working towards establishing more programs to help out. Visit:
http://www.hud.gov/foreclosure/index.cfm...
AND
http://ezinearticles.com/?save-your-home...
Best of luck to you!
creative financing could sustain..get a better loan beside a fixed rate but darling I loathe to tell you this most any caring of loan can change your contract at any time they want..some can tilt interest because you didn't pay your buoyant bill. I swear ! I don't usually advise ruin to for debts but to save your home it may be the singular way. There are several bankruptcy attorneys that hold free workshops to teach consumer rather before they do a collapse and I think some type of credit counseling is required now-a-days anyway. My alter ego..that little evil one that sits on my shoulder tell me that if a mortgage company took advantage of me I would burn that you know what to the ground formerly I let them bring my home AND ruin my credit. Either way you are looking at your credit person mussed up but hey the good communication is that if you don't file ruin...it is suppose to only stay on your credit bureau for 7 years..ruin leaves a trail almost forever. Don't pay any credit counseling/debt consolodating companies a dime for counsel and don't get sucked surrounded by either. Talk to your guard...not the people near the loan..your very own sandbank and see if they can give you some option.
Currently, there is a company out in that helping others by refinancing the homes a lower intrest rate and monthly payments. I think its the May something. G00GLE it! There be an annoucment on the web.
You should other let your lender know first that you are have trouble making your mortgage payment. That is the biggest mistake consumers breed, they just don't income their mortgage and don't correspond with their lender.
Call them and narrate them what is going on. They may be able to do something to oblige you. They would much rather work next to you than take posterior your house. That is not the goal of a lender.
Also, another individual answered that mortgage companies just revision things on them. This is NOT true. A mortgage company can NEVER just shift your interest rate, even if the loan is sold over and over again to different companies they have to honor the productive note. If you interest rate change it is because you did an ARM and the initial fixed period is up, consequently it will adjust depending on the terms (1 mo, 6mo, 1yr).
Good luck to you! There is facilitate out there, but achievement now!
It seem your real issue is your unpromising credit. If you fix this you will be able to refinance base on a better interest rate.
There are companies that do rapid credit repair. They can charge up to $1,500 but they are worth it base on the money it will save you.
Mortgage lates and mortgage non-payments are the worst item to do to your credit. Pay the bill and at the same time repair your credit.
It can give somebody a lift 30-60 days so you should work on it now.
If you involve additional assistance consistency free to be in touch. I'm not a mortgage broker, I'm a Realtor, but I can point you within the right direction.
Refinance for a fixed rate. Shop around with adjectives lenders. Bc you have desperate credit it will not be good but possibly u wife can refinance if she has better credit. If you hold been making ur mortgage payments on the dot with your present lender u shouldnt own problems. Late payments are never good. you call for to start searchign now! rates are lower and if will hand over u enough time to let go you own end! if you still focus you cant pulli t off market and save ur credit and ur assets!
Please Please Please progress to my website and fill out the form. our comapny will do everything they can to let go your home. I look forward to speaking to you. http://www.consolidatedsg.com/brmj41975/...
Demetria Haller ( brmj41975@yahoo.com)
Mortgage loan?
Question:
how much mortage loan can a family obtain with a household income (husband and wife) of $90 000 p.a. We live contained by Chicago IL
Answer:
No one likes this answer but it depends on slightly a few things aside from your annual income. When applying for a mortgage there are largely 4 things that go into an approval:
1) Debt to Income ratio (DTI)- This ratio is expressed as your total monthly debts (only items that appear on your credit profile PLUS your proposed housing payment) over your total monthly income. Hypothetically let's read aloud you had a housing payoff of $1500/month, car fee of $400, credit cards totaling $200 and student loans for $100. Your total monthly debts would be $2200/month. To calculate your DTI we divide this by your monthly income of $7500 ($90k/12 months) so your DTI would be 29%. Ten years ago it be difficult to find an approval for a home loan with a DTI above 38%, today 50% is close to the norm (one purpose for the record amounts of foreclosures... more on this later).
2) Loan to Value ratio (LTV). This is expressed as the amount of your mortgage over the importance of your home. In a purchase this is your Loan Amount over the Purchase price. Going back to 10 years ago you collectively needed 5-10% down payment on a home- today the deeply large portion of clients buy homes near 100% financing (zero down payment)... yet another drive for the record foreclosures...
3) Assets/Reserves. Basically how much money you own set aside in a "pouring day fund", or surrounded by case of an emergency. It across the world helps to enjoy at least 2 months of a monthly salary in a soft account (checking, funds, etc). So if your housing payment is $1500/month $3000 would back to qualify. For self employed borrowers 6 months is generally the industry standard.
4) Credit Profile. Credit ranking isn't as large a factor as masses clients think it is (though it can assistance you qualify for different programs). I am not a credit counselor but I can tell you that the fastest means of access to ruin your credit is to be consistantly late on credit card payments and installment loans (car loans, student loans etc). A ruin in days gone by isn't as disastrous as it once was (have we talk about transcript amounts of foreclosures yet?) but it is CRUCIAL that if you own filed BK that you assemble re-estrablished credit guidelines to qualify for conventional financing (basically don't miss any payments or have any collections against you after the discharge of your BK).
Bottom flash is there are so heaps different mortgage programs out there today that you should articulate to a mortgage banker earlier shopping for homes. I advise my clients that if you can't afford the expenditure on a 30 year fixed (basically the bread and butter of the mortgage industry) then you any need to re-evaluate the homes you are looking to buy or collect up for a larger down payment on the home.
I hope this is compliant!
Well, there are plentifully more determining factors than that when it comes to qualify. It's not only how much you construct, it's how much you owe also. It's based on your credit ranking, also. Have you had a ruin in times gone by? There is so much more involved. You can learn more on the home buying process and swot up how to manage your credit, along beside handy mortgage calculators, by visiting:
http://gofrf.com/learning_center/learnin...
I hold a list of some moral websites offering Mortage Loans with low Interest rate and swiftly approval. Its a policy voilation of yahoo if i post any link here.
Just letters me at solidoffer11@yahoo.com with subjet- Mortage Loans. I will dispatch a link of best website where on earth you can find best Loan offers,tips and resources.
best wishes
Another factor to consider is that because of plentiful people refinancing two or three times and the bank are not feeling bullish. You will in a minute need to put down at lowest possible 20%. On whatever price length you are looking at. You should easily qualify for a 450,000. However, it will still be in motion down as to how much you will put toward the down payment.
contact me today by 4 and I can bequeath you an answer to all of your question.
708-481-5300 ext 225
What is the other fees aside from commission levy charge by TRUE estate company?
Question:
Answer:
lets assume you're within the USA for a minute. forgetting the state, there are plenty of processing and other bull shite fees they will charge you. Honestly, fees can be negotiate. TALK TALK TALK with your broker and don't be afraid to stroll. you'd be surprised what happens when you threaten to hoof it. GOOD LUCK!
Title search levy: to see if there are any liens or other deeds or name owners who have be on the deeds in former times.
by the time you notice that levy it is too late. mostly file or broker fees or just something surrounded by someone's pocket besides your own
You are allowed to ask them. You may be stoned if you do...correction get stoned first consequently ask (no pun intended it is late and I couldn't sleep)
Australia - Canberra
The commission fees in actuality cover most of the costs.
The agent can discuss with you extras resembling an auction program, signboard with photos, extra promotion (larger ads). Building, Pest and EER (Energy Efficiency Ratings) and Pest reports are standard and are extra payable to the building inspectors.
Your solicitor will let you know charges for his/her services.
At any time that you are considering register your home for sale the agent should other present to you a package outlining what is covered contained by the percentage commission fee and what extra things are available. If nearby are extras a list of costs would be supplied as resourcefully.
Before you list your home exclusivley near an agent do your research and make sure you hold all fees scheduled and known to you.
A transaction allowance, or document storage fee of a couple hundred.
Our organization charges an administrative fee. Other than that, most of the other fees shift to others - inspectors, lenders, title company, etc. You should be able to ask your agent to do a estimate of closing costs. You can try asking your lender almost this too, since they'll also have the information on what inspections, title search, etc. cost.
Buying a single relations home, what just about Personal Property Reimbursement insincere (home insurance field)?
Question:
Guys,
I need your oblige. I am in CA and will be closing on my house within 30 days. I understand that home insurance is a requirement. I am thinking of going next to Allstate as my car next to insured with them as okay.
The question that I own is that the quote they gave me doesn't an amount for the "personal property reimbursement". But when I get a quote with Farmers, I did catch one (200k). I have asked the Allstate agent and am told that this is common, but I am still covered.
Any ideas on what this finances? I am very confused roughly speaking what to do and want to be sure that 100% covered.
Thanks in credit!
Answer:
The insurance policy required by a lender covers the building itself. The lender doesn't care in the region of your personal property, but you do.
Allstate is a reputable company and you simply need to read the policy, which should itemize what is covered and how much for respectively item. You can add and remove some items from your policy (for example you can enjoy coverage for your stamp collection added, or you can increase or decrease your liability coverage.)
It would be extremely unusual for a company resembling Allstate to offer a policy beside no coverage for personal property.
If your agent says "it's still covered," ask him or her to show you where on earth it says so surrounded by the policy, what is the amount of coverage (maybe you want to increase it, if you have exceptionally nice things.)
It MUST be itemized. I cannot believe they give you a policy which is not itemized.
Personal property reimbursement is also call "replacement cost coverage" (as opposed to actual currency value), and may be listed as such on your policy. It will reimburse you for covered personal property next to new items of close to quality.
Most companies charge extra for RCC.