Insurance ‘sticker shock’ for home buyers

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Increasingly, experts in health insurance are becoming concerned that many of these first-time buyers will be in for a shock when they get medical care next year and discover they’re on the hook.

Health Plan Sticker Shock Ahead For Some Buyers Dec 27, 2013 | Ep3918 CHICAGO (AP) – As a key enrollment deadline hits Monday, many people without health insurance have been sizing up policies on the new government health care marketplace and making what seems like a logical choice: They’re picking the cheapest one.

Tax appraisal sticker shock hits Dallas County residents hard Fearing the sticker shock, Loyola University Health System in Chicago is offering payment plans to spread the out-of-pocket costs. Some who had private insurance policies that were canceled may find that keeping the same deductibles may mean higher premiums. In California, Diane Agnone complained in an online post on her state’s health marketplace.

Owners and buyers of multifamily housing are experiencing sticker shock when they refinance, sell or purchase properties. Insurance premiums have jumped as much as 25% because of the broadened insurance requirements set forth by lenders.

The retirees said they had enough in savings and investments to pay the mortgage and the $1,482 yearly flood insurance on the home, which sits on palm tree-lined Paradise Boulevard on Treasure.

Get Home Buyers’ Protection Insurance with HomeOwners Alliance. Our Home Buyers’ Protection Insurance provides cover for conveyancing, mortgage and survey fees incurred by an insured purchaser when their purchase of a property falls through.

The upshot can be “serious sticker shock” for buyers. On James Island, S.C., Hal Jones thought he had a buyer lined up to pay $420,000 for for his aunt and uncle’s home. But the buyers backed out when.

TALLAHASSEE — Justin and Ashleigh Leto were ready to buy their Florida dream home. The property was perfect, the price was acceptable and the sellers were ready to hand over the keys to the first.

Condo or home buyers soon learn that there is an important player at the closing table: the title closer representing the "title company." There may be a few brave souls who purchase real estate without obtaining a title insurance policy, but for almost all buyers, obtaining title insurance is part and parcel of purchasing a home.

12 Surprising Costs Every First-time home buyer Needs to Know About.. While basic home insurance is required, you might want additional insurances too.. "It will help avert sticker shock