Spring is right around the corner and if you’re like a lot of people, you want to take a fun and educational family vacation sometime soon.
For many people, that means getting in the market for a new travel trailer. So we’ve decided to share with you some of the most popular RV choices over the next few weeks to make sure that you are informed when you decide to purchase a new travel trailer.
Also Read: 2018 Travel Lite 625SL Truck Camper Review
First up is the 2018 Heartland Mallard M185…
2018 Heartland Mallard M185 Review:
Price: Starting at $15,999 on RVT.com
Video courtesy of Camping World on YouTube
Lendingtree recently ranked 100 cities in America for first time homebuyers and the results are not what you would think…
Typically, lists like these go into depth about economic factors like average entry level income in growing industries and the expected growth in population. However, this list is anything but typical.
The study factors in things like average down payment amount, percentage of buyers with credit below 680, and share of buyers using FHA mortgages.
Notable from the list is the #1 city Little Rock, Arkansas. With an average down payment of just 12% this is a first time homebuyers haven.
Here are some of the cities that made the list that we offer coverage for though Ferguson Insurance Center along with their rankings.
5. Winston, N.C.
With an average down payment of around $24,500, the cultured city of Winston (which is has been the city of Winston-Salem since the two towns merged in 1913) is a good place to lay down roots for first time home buyers. This town boasts a great median affordability of around 80% and also offers great career opportunities in the fields of health, banking and technology.
Winston-Salem is also called the “City of the Arts and Innovation" for its dedication to fine arts, theater, and technological research.
In 2012, the city was listed among the 10 best places to retire in the U.S. by CBS MoneyWatch.
21. Greensboro, N.C.
The 68th most populous city in the United States has 35% of first time buyers taking advantage of FHA benefits, which allows them to put as little as 3% down. As a part of the Piedmont Triad, which includes High Point and Winston-Salem, its population makes up a good part of 1,599,477 people in the combined statistical area.
As for large employers, the city hosts offices for Bank of America, American Express and is the home of the headquarters to the Atlantic Coast Conference, also known as the ACC in college sports.
22. Columbia, S.C.
The capital of South Carolina has beautiful city skylines and is home of the largest Army installation site for Basic Training, Fort Jackson. To own your first home in Columbia, all you need is about $27,000, the size of the average down payment.
With a highly diversified economy, Columbia is a place for almost any industry career corporate ladder climb to begin.
26. Augusta, Ga
A part of the consolidated city-county called Augusta-Richmond County, the metro Augusta area is divided by the Savannah River and is also a major resort town, which comes in handy for the droves of people that flock to “The Master” golf tournament each spring.
Outside of golf, Augusta has been tabbed to be the base for the National Cyber Security Headquarters, which is slated to bring up to 10,000 cyber security specialists to the area.
43. Richmond, Va
The capital city of Virginia was ranked the 19th best city to live in by Time in October 2017 and is home to 8 Fortune 500 companies. There is plenty of jobs at strong companies in Richmond.
Add that to museums, monuments, and historic districts and you get a heavy dose of culture with room for growth. You can get your own piece of Richmond with just a 14% average down payment.
48. Atlanta, Ga
Georgia’s capital has the 17th largest economy in the world, eighth in the country. The city almost doubles the national average for adults 25+ with at least a 4 year degree.
Among the work fields are Media, Information Technology and, recently, Film and Television. With the housing market starting to stabilize in the city,top-16-questions-home-buyers-should-ask-but-dont.html Atlanta could be a great buy with on an average of 15% down.
Also Read: Top 16 Questions Home Buyers Should Ask But Don't
49. Virginia Beach, Va
Virginia beach is part of the 7 cities that make up Hampton roads but is by itself the 41st most populous city in the nation. With major companies like CBN, Stihl, Amerigroup and Geico adding to the economy, Virginia beach’s economy is well diversified.
However, these companies pail in comparison to the tourism industry. The atlantic coast city has plenty of entertainment for the tourists, and if you want to become a first time homebuyer here, it will only take 12% down on average.
58. Greenville, S.C
Greenville is part of the fastest growing urban area in South Carolina. While it used to be “The Textile Capital of the World” Greenville now offers favorable wage and tax benefits that have lured in companies like Michelin, AVX Corporation and Scansource.
Education is also a very big priority in Greenville as it holds the 49th largest public school district in the United States. Just 15% average down payment can go a long way, as the median home price is $237,000
63. Charlotte, N.C
The 17th most populous city in America is home to NBA and NFL Franchises and is one of America’s fastest growing cities. It also has 164 separate elementary, middle and high schools.
It’s also a major financial city and is ranked 3rd behind New York City and San Francisco in banking assets. You only need a 15% down payment to buy your first home in North Carolina’s largest city.
69. Charleston, S.C
The oldest city in South Carolina has a lot to offer first time homebuyers with an average sq. footage just over 2,000 sq. feet in the median priced home. For the average first time buyer you only need 17% down to own here.
With huge growth in the information technology sector, there is an upward trend in how well this city could grow in the future.
72. Raleigh, N.C.
The city of oaks is the capital of North Carolina and with just 15% down on average you can own your first home in the 72nd most affordable city for first time buyers.
Raleigh is a major center for high tech, biotech and textiles in the US and has plenty of entertainment available with the arts and sports in the city.
Also Read: 3 Things you can do to Keep your Home Insurance Costs Down
81. Durham, N.C.
The home of the Duke Blue Devils is also home of the North Carolina School of Science and Mathematics, which takes enrollment of up to 680 students who live in state and excel at Science, Math and Technology.
The two largest employers are Duke University and Duke University Health Systems. It’s third largest employer...IBM.
The median home price is just $199,300 and you only need an average down payment of 16% to buy your first home in the city.
89. Washington D.C.
The U.S Capital is still a great place to start your home buyers journey. Though Government and Tourism make up a large chunk of the jobs available in DC, the economy is very well diversified, especially in the areas of education, finance, public policy, and scientific research.
16% average down payment goes a long way for first time home buyers but with a median home price of $548,300 according to Zillow that is still a hefty chunk of change.
Before you scour the internet looking for “cheap electrician contractor insurance quotes” you need to know exactly what to consider before you buy some low cost coverage that doesn’t completely protect you and your business.
Let’s face it, the average insurance agency has no clue what an electrician has to worry about past the dangers of working with electricity. They probably haven’t even considered the fact that each level of electricians have different amounts of work and responsibility, which can open you up to the risk of being under insured if you haven’t had a coverage audit in a while.
So before we try to even think about how much insurance costs for a small electrical contracting business, you need to think about a few things…
So let’s start at the beginning
When most insurance companies think about insurance for electricians they typically don’t know that electricians can be on 3 different levels.
These levels are:
Let’s quickly go into what each level means and how their level of risk differs.
Do Electrician Apprentices Need Contractor Liability Insurance?
As an Apprentice, you are working and studying under the other 2 levels of electricians. You are paid for the work you do and you typically are covered under the insurance of the business that you Apprentice under.
Many apprentices make the mistake of thinking they don’t need to have any coverage whatsoever. Well, that’s simply not the case. An Apprentice needs to consider the individual needs they have and what they stand to lose.
For example, what would happen if your employer doesn’t cover your tools? Your tools are your business and you can’t work without them. You may need to consider how much you have invested and make a plan to cover yourself from that lose.
You may also need to consider if you will be doing any side work for family, friends and neighbors.
Let’s imagine that your buddy from across the street asks you to have a quick look at a light switch that has been acting up. One thing leads to another and a small fire starts, which causes damage to some of your neighbors belongings before its extinguished.
Who do you think is responsible for the damages?
In this scenario, having liability coverage can protect you from having to pay out of pocket for mishaps like this.
It would be wise to speak to a commercial insurance professional.
Now that we have gone over what an apprentice has to consider, let’s compare the next two experience levels of an electrician.
Journeyman vs Master Electrician
First, let’s look at the Journeyman
What is a Journeyman electrician?
Journeyman electricians are electricians who have completed their apprenticeship training and are licensed either locally, statewide, or nationally.
What does a Journeyman do?
A Journeyman may work with electrical wires, fixtures and control systems in commercial, industrial and residential buildings, but typically do not design the initial electrical system for a building, which is usually done by a master electrician.
A Journeyman can also install lighting and security systems or connect transformers, circuit breakers, switches and outlets, inspect and test the integrity of existing wiring systems.
Can a Journeyman Electrician Be Self Employed?
Once licensed, a Journeyman can work independently or as an electrical contractor. He or She can also supervise an Apprentice in a firm.
A Journeyman cannot pull permits, which means that they will need to have a master electrician on many jobs to supervise.
Even still, a Journeyman electrical contractor needs business insurance to protect themselves from certain liabilities.
In many cases, he or she is going to be hired as an independent contractor by a master electrician and will need a more basic amount of coverage. In others, the Journeyman may be self employed and will need to cover much more risk though a Business Owners Policy.
What Do Master Electricians Do?
A master electrician has been proven to perform well in the trade consistently for a number of years and is licenses as a master electrician, which means that they have a high level knowledge of the National Electrical Code or NEC.
They are responsible for all of the work done on any site they supervise.
Only a master electrician can pull permits and can only be registered with one contracting company at a time.
in some states, a common practice is to lease a master electricians license while not registered with a company.
The master electrician essentially inspects, advises and pulls permits for the work to be done in exchange for a fee.
However, the risk is potentially losing the license all together for poorly handled work or it may even be illegal in your state.
What Insurance Does An Electrical Contractor Need?
The very basics of business insurance will be needed in most cases for any electrical contractor past Apprentice.
These 3 basic types of coverage will get you started if you are a Journeyman or a Master electrician. As an Apprentice who does side work for close friends and family you should consider your need for general liability coverage.
Additionally, all 3 levels should at least consider their need for the following
These additional policies can help you protect yourself fully from a loss of income or equipment that may happen.
How much does electrical contractor liability insurance cost?
As you can see from this article, the cost of liability insurance isn’t the only thing to be considered. Each level of electrician has completely different needs to consider.
The answer to each unique risk you will face as an electrical contractor is to know what coverage you need for your specific business.
We want you to spend wisely on your coverage because we know that 75% of U.S businesses are underinsured. We don’t want you to be one of them.
The best way to make sure that you have the right coverage for your business at the best price is to call and get a coverage audit.
We can tailor your insurance quote to your business and compare over 30 different insurers to make sure that you get the best rates.