Properties for Sale

CHESHVAN 5779

OCTOBER 2018

JERUSALEM PROPERTIES

Looking for excellent opportunities?
Check out our New Jerusalem Projects      

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Looking for new projects out of Jerusalem?

Check out our Israel Real Estate

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 Beautiful Garden Apartment #1451

New building, 123 sqm apartment with a 180 sqm garden near the Great Synagogue and Ben Yehuda!

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In The Center Of Town  #1267

A lovely 115 sqm 4 bedroom apartment with expansion options

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 HOME IN TIVERIA

Foothold In Tiveria  #1578

Great investment or for your personal use

Small apartments NIS 250,000 - 480,000

 

 CHECK OUT OUR LONG TERM RENTALS!

NEWS

1- There is a demand for the Knesset to enact legislation to protect homeowners who own apartments on land leased from the Church. If this affects you, you can communicate with them at jerusalemchurchland@gmail.com

2- KEEP YOUR PASSPORTS - OVERSEAS BUYERS - Make sure that you keep the passport you used when you purchased property in Israel.  Should you decide to sell, having this passport will save you weeks of bureaucratic nightmare that will delay your sale!!

 

Insuring Your Home in Israel

By Jonathan Marcus

 When considering purchasing real estate in Israel, you should be aware of the following aspects of property and contents insurance as operated by Israeli insurance companies.

While policies are required to conform to a minimum level of coverage laid down in law, most companies provide a much more extensive level of coverage.

PROPERTY INSURANCE

• Property insurance is designed to insure against fire, rain, snow, hail, break-in, willful damage and third party liability.
• If you have taken out a mortgage, you are required to insure the property, the policy being written in favour of the mortgage bank. The mortgage bank offers an insurance scheme, which is normally about 10% more expensive than the policies offered by insurance companies, and also does not include third party liability, and contents insurance cannot be included in the policy.
• If you have a mortgage, coverage must also include earthquakes and water damage from broken pipes or installations. Otherwise, earthquake coverage is optional.
• Third party liability is for 500,000 NIS on a standard policy. This amount can be adjusted upwards if required.
• The rate for property insurance including earthquake coverage and third party liability is approximately 100 NIS per 100,000 NIS cover. If earthquake damage is not covered, the premium reduces to 50 NIS per 100,000 NIS.
• Properties are valued for insurance purposes according to the cost of construction, at a rate of $800-$1,000 per sq. m.
• If you are planning on leaving the apartment unoccupied for more than 60 continuous days, an additional premium is charged for both property and contents insurance.
• The house policy also includes cover for plumbing repairs, at premium of 243 NIS: you have the option of having an insurance company-approved plumber do the work, in which case you would pay him the deductible amount of 422 NIS. If you elect to have your own plumber do the work, this would entail a premium of 547 NIS and a deductible of 845 NIS.

JONATHAN MARCUS INSURANCE
7/12 HELLER ST. P.O.B. 7451, 91073 JERUSALEM.
TEL. 02-5634645, 02-6254488 FAX 02-5610211 MOBILE 054-4757622
Email:
jmbituach@gmail.com.

   

 

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