Take a look around your home and most likely it’s filled with many different items, some worth more than others, some more precious to you, and some just part of your day-to-day life.
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Flood damage is NOT part of your standard homeowner’s insurance policy! Protect yourself now so you aren’t overwhelmed with any debt from repairing your home and replacing your belongings from flood damage. According to the National Flood Insurance Program, “a six-inch flood that hits a 2,000-square-foot home is likely to cause about $40,000 in damage.”
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Our Insurance series is a must for every homeowner. Once you buy a home, it’s now all your responsibility! But are you truly prepared for the unexpected?
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Before you sign off on that annual renewal, make sure you are fully covered for your current situation but also see where you can save money. You might be able to take any savings and put it toward additional coverage you need now. You may qualify for certain credits that could lower your premium but you’ll still get the coverage you need. As always, please talk to your insurance agent for more details.
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Home buyers, sellers and even homeowners who aren’t planning to go anywhere could all benefit from a recent move by the Federal Reserve last week as it cut interest rates for the first time since 2008.
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