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Just Listed! 1910 Plantation Lane Martinsville, IN 46151

June 23rd, 2008 12:37 PM

$128,500.00
1910 Plantation Lane

Martinsville, IN 46151

Beds: 0	Rooms: 0
Baths: 0	Sq. Ft.: 0
Garage: 0	Built: 0

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Pam Lambert
Gateway Real Estate
317-440-4080
www.pamlambert.com

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Posted by Pam Lambert on June 23rd, 2008 12:37 PMPost a Comment (0)

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Indiana Floods and the Clean up

June 16th, 2008 9:17 AM

As the Clean-up Continues

There’s no shortage of news about the recent flood disaster in Indiana. Now, as the waters subside and clean-up continues one of the most talked about subjects may be that of insurance. What is covered in a flood loss? Do I need flood insurance? What does it cost? As professionals, many homeowners may be directing these questions to you.

On June 9, at the request of Governor Daniels, the Department of Insurance re-released a consumer alert about flood insurance. Some of the questions addressed in the alert are reprinted here:

Will my homeowners policy respond to a flood loss?

Generally speaking, a homeowners policy will not cover flood loss. Some companies offer a Hydrostatic Pressure Endorsement to insure your property for the increased exertion of water on the foundation of your structure, a condition frequently accompanying the rising waters of a flood, however, most of these endorsements only cover collapse of the structure due to hydrostatic pressure and do not insure for damage, other than building collapse, due to hydrostatic pressure accompanying the flood.
Some homeowners insurance policies provide coverage caused by the backup of sewers or drains, however, most (but not all) sewer and drain coverage provisions exclude backup as a result of flood and most limit payment for loss from sewer and drain backup to varying amounts usually less than $5,000.
If you insure certain property (examples: antiques, guns, jewelry, camera equipment, objects of art, etc.) under a scheduled property floater (usually an endorsement to your homeowners policy) these specifically listed items may be covered for loss by flood. Please review your policy to make sure.
How is a flood defined for insurance purposes?

A flood is an excess of water (or mud) on land that’s normally dry. The National Flood Insurance Program (NFIP) defines flood to be a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area; or of 2 or more properties (at least one of which is the policyholder’s property) from overflow of inland or tidal waters; unusual and rapid accumulation of surface waters from any source; mudflow; or collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining, caused by waves or currents of water exceeding anticipated cyclical levels.
What is Flood Insurance?

Flood insurance is a special policy that is federally backed by the NFIP and available for both homeowners and businesses.
You can buy flood insurance for your home or business regardless of whether the property is in or out of a floodplain, as long as the property is located in a participating community. (To find out if your community participates, visit http://www.fema.gov/cis/IN.pdf)
You may buy flood insurance covering up to $250,000 of flood damage to your home. A standard flood policy will cover structural damage, including damage to the furnace, water heater, air conditioner, floor surfaces (carpeting and tile) and debris clean up.
For an additional premium, you also may buy flood coverage for up to $100,000 of damage to the contents of your home.
Coverage is available for up to $500,000 for non–residential buildings and their contents.
For the complete consumer alert, click here.

So, what now? As clients, friends and family all look for help rebuilding their lives, what can you provide? Besides a helping hand, the American Red Cross has a resource called Repairing Your Flooded Home. This book provides tips on everything from getting organized, drying out your home, restoring utilities, rebuilding and preparing for the future.

Posted by Pam Lambert on June 16th, 2008 9:17 AMPost a Comment (0)

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Interesting facts about Indiana you may not know!

June 12th, 2008 1:11 PM

· Some facts about Indiana I'll bet you didn't know......

The world's largest orchid species collection is found at Ball State University in Muncie , Indiana .

The first regulated speed limit on Indiana roads was Initiated in 1921 (20 - 25 mph!!)

An average of 400 funnel clouds are sighted each year in Indiana .

The city of Gary , Indiana , was built on fill brought from the bottom of Lake Michigan through suction pipes.

There are only two Adams fireplaces in the United States . One is in the White House and the other in the Diner Home in Indiana .

Josie Orr, wife of former Indiana Governor Robert Orr, flew bombers and cargo planes during World War II.

The Indianapolis Methodist Hospital is the largest hospital in the Midwest .

One of the first complete bathrooms in Indianapolis was int the home of Hoosier poet, James Whitcomb Riley.

The career of Dorothy Lamour (famous for the Crosby-Hope Road Movies) was launched in Indianapolis .

Aviatrix Amelia Earhart was once a Professor at Purdue University.

Crown Hill Cemetery ( Indianapolis ) is the largest cemetery in the U.S.

The library in Fort Wayne , Allen County, Indiana houses one of the largest genealogy libraries in America .

Wabash , Indiana was the first electrified city in the U.S.

Pendleton , Indiana was the site of the first hanging of a white man for killing Indians.

The Courthouse roof in Greensburg , Indiana has a tree growing from it.

The world's first transistor radio was made in Indianapolis .

Clark Gable and wife Carole Lombard (a Hoosier, born in Fort Wayne , IN ) honeymooned at Lake Barbee near Warsaw , Indiana .

The American Beauty Rose was developed at Richmond ,Indiana .

Elkhart , Indiana is the band instrument capitol of the World.

Frank Sinatra first sang with the Tommy Dorsey band at the Lyric Theater in Indianapolis .

Purdue Alumnus, Earl Butz, served as the Secretary of Agriculture.

U.S. 231 is the longest highway in Indiana (231miles).

Johnny Appleseed is buried at Fort Wayne , Indiana .

The singing McGuire Sisters spent their childhood summers at the Church of God Campground in Anderson , Indiana .

The main station of the Underground Railroad was in Fountain County , Indiana .

There are 154 acres of Sculpture gardens and trails at the Indianapolis Museum of Art.

La Porte County is the only county in America having 2 Functioning Courthouses. I think we can add Vanderburgh and Elkhart Counties in with that also.

Nancy Hanks Lincoln is buried in Posey County , Indiana .

Crawfordsville , Indiana ( Montgomery County ) is the only site in the World where crinoids are found. (What is a Crinoid, you ask? A form of deep-water marine life that looks something like a starfish.)

Pendleton , Indiana was the site of the 'Fall Creek <BR>Massacre.' A museum housing 3500 artifacts of pioneer heritage now exists on that site.

St. Meinrad Arch abbey is located in Spencer County and is one of only 2 arch abbeys in the U.S. And seven in the world.

(Abbey Press is an operation of the arch abbey.)

A Buzz Bomb (German - WWII), believed to be the only one on public display in the nation, can be found on the Putnam County Courthouse lawn in Greencastle.

Roberta Turpin Willett was born in Indiana .

Red Skelton was born in Vincennes , Indiana .

Mae West was from Bedford , Indiana . (as was Claud Akins)

Forrest Tucker (actor) was from Pendleton , Indiana .

Bob Greise is from Evansville , Indiana . (Purdue boy)

Toni Tenille (of The Captain and Tenille) is from Indiana .

Florence Henderson is from Indiana .

John Mellancamp is a Hoosier and resides in Bloomington .

The Jackson Five are from Indiana as well as 'SuperFan' Russ McLeod.

Kurt Vonnecut and David Letterman were both born in Indiana .

Kurt went to Shortridge High School . David to Broad Ripple or Shortridge?

You can't ship wine to Indiana . (So how does it get here???????)

Oprah Winfrey built her residence in Indiana .

The much sought-after Hoosier Cabinets are an Indiana Product.

90% of the world's popcorn is grown in Indiana .

The birthplace of the automobile, the pneumatic rubber tire, the aluminum casting process, stain less steel and the first push-button car radio was in Kokomo , Indana .

Pretty neat, huh? And you thought there was only corn in Indiana

Posted by Pam Lambert on June 12th, 2008 1:11 PMPost a Comment (2)

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Mortgage Bounce Back

June 11th, 2008 2:48 PM

Mortgage Applications Bounce Back

After a couple of down weeks, mortgage application volume rose 10.9 percent last week to 557.1 from 502.3 the previous week on an adjusted basis, according to the weekly survey by the Mortgage Bankers Association.

On an unadjusted basis, mortgage volume increased 23 percent compared with the previous week, but was down 16.5 percent compared with the same week a year ago.

Refinances were up 8.4 percent and the purchase index rose 12.8 percent, despite rising mortgage rates. Current rates are:

30-year fixed-rate mortgages increased to 6.24 percent from 6.17 percent;
15-year fixed-rate mortgages increased to 5.78 percent from 5.7 percent;
1-year ARMs increased to 6.87 percent.

Posted by Pam Lambert on June 11th, 2008 2:48 PMPost a Comment (0)

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