Jay & Jewell Kaiser

Insurance Tip of the month for September 2009: In years past, most households were composed of a husband and wife. Times have changed and households have become comprised of both married couples and couples living together. When economic times get tight, some people decide to seek a roommate to help with living expenses. There are a couple of limitations in the standard homeowner's policy that you should be aware of.

There is no personal liability insurance for individuals residing in the home who are not related to the person whose name appears on the homeowner's policy's declaration page. For example, your roommate or significant other has a dog that bites a guest, there would be no personal liability coverage for the roommate/significant other, and they would probably be the primary person to name in a lawsuit. However, the person who is named on the insurance policy would have protection.

What if the home burned down? Anyone living in the home that is a "non-relative" would have no coverage for his or her personal property lost in the fire.

The best solution would be for the roommate/significant other to purchase a renter's insurance policy. The policy would then provide him or her liability and property protection. Of course, if the home was purchased/deeded in two people's name who were not related, then the insurance policy would need to name both of them as named insured on the declaration page, providing them both with the same coverage.
Priscilla Tinsley Morrow Insurance Brevard NC

Dear EarthTalk: I’d like to know the relative electricity cost of utility scale solar and wind plants versus rooftop residential solar. In other words, how can I know whether to subsidize my utility’s alternative energy plant or renovate my own home? -- R.W. Making such a determination is complex, but you could start with “In My Backyard,” a new online tool by the National Renewable Energy Laboratory (NREL). You first need to know your electricity usage and what size solar photovoltaic (PV) system or wind turbine you could install. Then, using Google Earth maps and data on the amounts of sunshine and wind at your location, the tool will estimate the electricity you could get from a certain size wind turbine or PV array installed on your property. The costs to install renewable energy systems vary greatly by location, warn researchers at the Lawrence Berkeley National Laboratory, which is supported by the Department of Energy (DOE). And kilowatt hour (kWh) costs vary by utility, as do state and local financial incentives. One piece of good news: The federal Investment Tax Credit was expanded and extended this year. It allows for 30 percent of the cost of your system to be deducted from your federal tax bill, and is good through 2016. Comparing the cost of going it alone to that of simply buying green power through your utility is not a simple equation, either. You can support your utility’s renewable power infrastructure by paying a premium on your electric bill, or you can buy renewable energy certificates—also known as green tags—even if your utility does not offer green power (green tags inject renewable energies into the grid even if they don’t come back to you via your own utility). To decide which equation is better for you, compare the costs of those programs over the same time period with the cost of building and maintaining your own system (minus any installation credits and/or revenues from selling your excess electricity back to the utility). That would give you the relative costs and return-on-investment. But that’s still not the whole picture: Another question is whether your home system can continue to produce energy more cost-effectively than your utility, as it brings more and more green energy sources into its mix. Lawrence Berkeley says no, essentially. A February 2009 report summarizing the costs of PV from 1998 to 2007 concluded that larger systems averaged a 25 percent lower cost than the smallest ones. The same is true for wind power, says the American Wind Energy Association. The group’s February 2005 report calculates that a large wind farm can deliver electricity at a nearly 40 percent lower cost than a small one. It also can take advantage of economies of scale in lower operational and maintenance costs. The bottom line is this: Decades ago, when widespread use of alternative energy was still only a dream, building one’s own private source of home power was the only way to get off the carbon-intense grid and ensure that your own energy needs left little footprint. But today, with considerably more renewable energy sources coming online or about to do so in quantum leap measures—and at much greater efficiencies than can be achieved privately—the best bet may well be to forego the go-it alone path and support your utility’s efforts to generate green power not just for your own household but for everyone. CONTACTS: NREL’s “In My Backyard” Tool, www.nrel.gov/eis/imby; DOE Green Power Network, http://apps3.eere.energy.gov/greenpower. SEND YOUR ENVIRONMENTAL QUESTIONS TO: EarthTalk, P.O. Box 5098, Westport, CT 06881; earthtalk@emagazine.com. Read past columns at: www.emagazine.com/earthtalk/archives.php. EarthTalk is now a book! Details and order information at: www.emagazine.com/earthtalkbook.

Change Your Thinking

It will take just 37 seconds to read this and change your thinking..
Two men, both seriously ill, occupied the same hospital room.
One man was allowed to sit up in his bed for an hour each afternoon to help drain the fluid from his lungs.
His bed was next to the room's only window.
The other man had to spend all his time flat on his back.
The men talked for hours on end.
They spoke of their wives and families, their homes, their jobs, their involvement in the military service, where they had been on vacation..
Every afternoon, when the man in the bed by the window could sit up, he would pa ss the time by describing to his roommate all the things he could see outside the window.
The man in the other bed began to live for those one hour periods where his world would be broadened and enlivened by all the activity and color of the world outside.
The window overlooked a park with a lovely lake.
Ducks and swans played on the water while children sailed their model boats. Young lovers walked arm in arm amidst flowers of every color and a fine view of the city skyline could be seen in the distance.
As the man by the window described all this in exquisite details, the man on the other side of the room would close his eyes and imagine this picturesque scene.
One warm afternoon, the man by the window described a parade passing by.
Although the other man could not hear the band - he could see it in his mind's eye as the gentleman by the window portrayed it with descriptive words.
Days, weeks and months passed.
One morning, the day nurse arrived to bring water for their baths only to find the lifeless body of the man by the window, who had died peacefully in his sleep.
She was saddened and called the hospital attendants to take the body away.
As soon as it seemed appropriate, the other man asked if he could be moved next to the window. The nurse was happy to make the switch, and after making sure he was comfortable, she left him alone.
Slowly, painfully, he propped himself up on one elbow to take his first look at the real world outside.
He strained to slowly turn to look out the window besides the bed.
It faced a blank wall.
The man asked the nurse what could have compelled his deceased roommate who had described such wonderful things outside this window.
The nurse responded that the man was blind and could not even see the wall.
She said, 'Perhaps he just wanted to encourage you.'

Epilogue:
Shared grief is half the sorrow, but happiness when shared, is doubled.
There is tremendous happiness in making others happy, despite our own situations.
If you want to feel rich, just count all the things you have that money can't buy.
'Today is a gift, that is why it is called The Present.'

Author is unknow

For a free Radon Brochure send me all of your contact information and I will be happy to mail you one!

FACT: Although some scientists dispute the precise number of deaths due to radon, all the major health organizations (like the Centers for Disease Control and Prevention, the American Lung Association and the American Medical Association) agree with estimates that radon causes thousands of preventable lung cancer deaths every year. This is especially true among smokers, since the risk to smokers is much greater than to non-smokers.

MYTH: Radon testing is difficult, time-consuming and expensive.

FACT: Radon testing is easy and inexpensive.

MYTH: Radon testing devices are not reliable and are difficult to find.

FACT: Reliable testing devices are available from qualified radon testers and companies.

MYTH: Homes with radon problems can't be fixed.

FACT: There are simple solutions to radon problems in homes. Hundreds of thousands of homeowners have already fixed radon problems in their homes. Radon levels can be readily lowered for $800 to $2,500 (with an average cost of $1,200)..

MYTH: Radon affects only certain kinds of homes.

FACT: House construction can affect radon levels. However, radon can be a problem in homes of all types: old homes, new homes, drafty homes, insulated homes, homes with basements, and homes without basements. Local geology, construction materials, and how the home was built are among the factors that can affect radon levels in homes.

MYTH: Radon is only a problem in certain parts of the country.

FACT: High radon levels have been found in every state. Radon problems do vary from area to area, but the only way to know your radon level is to test.

MYTH: A neighbor's test result is a good indication of whether your home has a problem.

FACT: It's not. Radon levels can vary greatly from home to home. The only way to know if your home has a radon problem is to test it.

6 Reasons why your house won't sell. Alan hit the nail on the head and felt it well worth my followers read it. Good job Alen!

1. Your photos are unimpressive. The vast majority of home buyers start their search for a home on the Internet, your house had better look great in print. Not just nice... downright fabulous. Today we are considering internet views as a 'virtual showing'... if your house gets past that, then they might (just might) make an appointment to see it in person... We consider that your SECOND showing. Today's buyers are expecting good quality photos (and lots of them... just 1 shot from the street won't cut it!), a virtual tour, maybe even a floor plan, if applicable.

2. It's overpriced. You've got to view your own property as objectively as possible. Look at the home like a "buyer"... if necessary, go out with your Realtor and view other homes that are priced comparably to yours. Be objective. Given the other options on the market (and yes, you DO have to include short sales and foreclosures on your list... your potential buyers are!), would YOU buy your home, over the others on the market?

If no, then you either have to "update" your home to meet or beat the competition... or lower your price to adjust for it. if you can't afford to sell it for the price, that you KNOW it should sell for, you may want to consider just removing it from the market.

3. It shows poorly. This could mean almost anything... from the barky, barky dog, to the smell of the diaper pail. Maybe the carpeting is a bit worn, or the woodwork shows a lot of wear. All things that don't show up on the internet, but whoa.... once you get inside the house... they show up, like a cat-urine-smell on a 95 degree day in New Orleans!

4. You're invisible. Today's buyer comes from the internet, almost exclusively. Have you (or your agent) simply plopped the property on the MLS, and started praying? Are you on all the websites...(Trulia, Zillow, Craig's List, Google Base, etc...) all the places that buyers are searching? If not, you want to be.

5. Your listing is tired and stale on the market. Okay... yes, you overpriced your home initially when you first came on the market 2 years ago. But since then you have reduced your price almost monthly... constantly chasing the market down.... Now, finally you're truly priced where you should be... but your listing is tired and stale. Everyone looking for your type of property (ie: 3br/1.1 bath) in your area has already seen it, sometimes twice... and they remember that there was "something" about it that they didn't like... but what they don't remember is... what they didn't like.... was the price. Time to take the listing off market. Let it cool off (3-6 months), and bring it back on fresh in the Spring. Yeah, you'll have 6 mos. worth of holding-costs... but you'll more than make up for it in your purchase price.

btw... Resist the temptation to bring the house back on at a higher price, than when you left the market. Just "don't do it"!

6. Your house won't appraise. The house looks great... you've finally gotten someone to bring you a bid on your slightly over-priced, but beautiful pied-a-terre. But the bank appraiser says it's worth $20,000 less than what they've agreed to pay. Heavy sigh... bite the bullet.... negotiate with them. If you have to drop the price $20,000 to make it work.... "make it work"... chances are, anybody else trying to buy your house will run into the same problem.

ALAN MAY, Realtor®
Specializing in Evanston Real Estate and North Shore Real Estate