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Budgeting for Insurances When You Live Near Natural Disasters

Budgeting for Insurance When You Live Near Natural Disasters

Living near natural disaster-prone areas brings both the beauty of nature and the potential risks that come with it. As a homeowner, it’s crucial to safeguard your property and loved ones by having the right insurance coverage. In this blog post, we’ll explore the importance of budgeting for insurance when you live near natural disasters. So, let’s dive in and ensure you have the necessary protection in place.

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Homeowner's Insurance

The Advantages of Home Owner’s Insurance

As a homeowner, you understand the importance of protecting your property. You’ve put countless hours and effort into creating a beautiful and comfortable home—a place for you and your family to live. However, no matter how much time and energy you’ve put into making your house a home, accidents can still happen. That’s why home insurance is so vital. It’s not just about recovering financial losses, but also about securing peace of mind, knowing that your haven is safeguarded against unexpected calamities. Of course, if you have a mortgage, the lender will mandate that you have adequate insurance to cover their investment in your home.

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Home Insurance

Protect Your Home with Home Insurance

As a homeowner, you know just how important it is to protect and secure your home. That’s why having the right type of home insurance can make all the difference. With a wide range of policies available from different providers, it’s easy to find coverage that will meet your specific needs – but with so many different options out there, where do you start? In this blog post, we’ll look into the basics of home insurance and provide tips on what to consider when choosing a plan that best suits your situation. Get ready to feel more at ease knowing you and your family are properly safeguarded against life’s surprises!

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Home Owners Insurance

Reassessing Your Insurance Coverage: Are You Protected in Case of an Emergency?

Most people would be surprised by all the things that their insurance policies don’t cover. If it’s been a while since you’ve updated your insurance, you might want to take a few moments to reassess that coverage. After all, it’s vital that you know whether you are protected in case of an emergency.

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7 things to inspect

Major Systems to Beware of When Buying a Home

There is nothing worse than buying a home and then shortly thereafter being hit with a huge repair bill. That is why some buyers offer an included home maintenance insurance contract. This may be a good idea when buying an older home but even they are often inconvenient to deal with. A perfect example is my daughter who purchased a home with a “warranty” and shortly thereafter her HVAC system stopped cooling. So she called the warranty company and they eventually sent out a repair person. Two weeks later it isn’t working again, so after another couple of weeks another repair person arrives and this goes on for a couple of months until eventually, they ended up making a major repair (after many threats from my son-in-law).  The problem is the warrantee company hires the cheapest labor and only authorizes the minimum of repairs. If you were hiring the contractor you would look for quality workmanship and buyer satisfaction… but that is not their priority.

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Roofing Insurance

How Families Can Get the Most Out of Roofing Insurance After a Disaster

When a natural disaster strikes, often one of the first parts of your home to sustain damage is your roof. Fortunately, most good insurance policies will pay to fix the damage to your roof so that you can restore it as quickly as possible. It’s important, though, that you understand the proper steps to take so that you get the most out of your insurance policy. Here are a few ways to get the best payout for roofing services after a disaster.

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USDA Loans

4 Signs You’re Financially Ready to Buy a Home

The cost of getting into single family homes is significantly higher than the cost of getting into a rental of any sort. Sure, you may have to pay first month’s rent plus a deposit. The cost of this may even be a couple of thousand dollars. However, the cost of the down payment for a home is significantly higher, usually 20% at least. To put that into perspective, that’s $30,000 down on a $150,000 house.

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Guaranteed Replacement Coverage

What You Need to Know about Different Types of Homeowners Insurance

Homeowners typically have two options when choosing the amount and level of protection of their insurance policy. There’s ACV or actual cash value and RCV or replacement cost value. ACV will reimburse you based on the initial cost of your home, depreciation considered, which means the insurance coverage may decrease over time. RCV, on the other hand, insures your home for its current market value, regardless of any potential depreciation.

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Home Owners Insurance

Cutting Your Home Insurance Bill: Three Secrets That Can Save You A Bundle

Every year, Americans are paying more than they need to on their home insurance. Your home is one of your most prized possessions. Therefore, it is only natural for you to take steps to protect it. Protection for your home comes in the form of homeowners insurance. However, Premiums on home insurance have risen over 50 percent in the last ten years. Currently, the average insurance premium for homes in the United states stands at $1083 annually and can rise as high as $2,024 in some states. If you are one of the many homeowners looking to slash their insurance bill for the next year, take a look at these simple tips. 

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Hurricane Insurance

Hurricane! How to Get Compensation after Significant Home Damage

Hopefully, you’ve survived the recent hurricanes without incident, but with so many people suffering damage from Hurricanes Harvey and Irma you might be wondering how to get compensated if you suffer damage. For instance, suppose you are in the situation of my neighbor David. His roof was about 20 years old and so had about 5 years of life left in it before he was going to have to replace it. But along came hurricane Irma which ripped off about a dozen shingles and created leaks and potential leaks.

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Insurance

Legal Liability: What Exactly Does Your Home Insurance Cover?

If you have a home, you most likely have a home insurance policy. However, you may not know exactly what you are covered for until you go to file a claim. This can be a risky strategy as even a small claim against you could cost thousands of dollars. Let’s take a look at what a typical homeowner’s insurance policy protects you against.

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Camps, Cottages and More: Understanding Your Vacation Property Insurance in Canada

Although you may understand your homeowner’s insurance, vacation property carries with it different risks that you need to understand. First of all, you’re not living in your vacation home year-round so there are vacancy and possibly tenant related risks. And even if you do spend a considerable amount of time there, vacation homes are often outfitted or even built differently than traditional

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