home insurance

9 Reasons Homeowners Insurance Claims Are Denied

Year after year, you send that premium payment for your homeowners policy. When accidents happen, you expect the insurance company to cut a check for the full extent of the damage to your home, no matter the amount or what caused it. It doesn’t always work that way. What you think you’re entitled to under your policy and what the carrier believes they owe you are often two very different dollar figures. Don’t take it personally. Remember, carriers have to price your coverage based on statistics, probability and risk. They can only pay to the extent a claim is based…

Home Sweet Homeowners Insurance: Everything You Need to Know About Getting Covered

There’s no place like home. That’s why it’s so important to protect your home with homeowners insurance. While the paperwork can sometimes seem overwhelming, there’s nothing more rewarding than the peace of mind that comes from knowing you have the right amount of homeowners insurance. If you’re ready to get a better understanding of how your coverage works and to see if you need to make any updates to your policy, these tips can get the job done faster than you imagine. Homeowners Insurance Requirements First things first. For most of us, homeowners insurance isn’t optional. Why? We don’t actually…

Can Your Smart Home Save You Money?

There’s a definite “cool factor” to the idea of a smart home. The ability to turn lights on and off with your voice, get notified if there’s someone on your porch, or have your smoke detector alert the fire department if it detects a problem seems futuristic. It’s reminiscent of the Jetsons and Iron Man. Smart home devices definitely are cool – but they’re also practical. Many of the devices aren’t just about convenience, they’re also about safety. Lights that turn on and off automatically when you’re on vacation can deter burglars, smoke detectors that call the fire department can…

Disaster Strikes Your Second Home: Are You Prepared?

Once you decide you’re financially ready to buy a vacation home, one important step is insuring your new pad. It’s different than buying insurance for a primary residence. Factors such as where it’s located, who stays there and what amenities are available will help determine your home insurance needs. Your Vacation Home Versus Mother Nature For many people, the whole idea of a vacation home is to be closer to a sandy beach or among the crisp mountain air. That perfect location for rest and relaxation may come with some additional insurance costs. Hurricane season and intense rainstorms underscore the…

Insurance 101 for House Flippers

Flipping houses hit an 11-year high in 2017. It’s no secret why. Television shows such as “Flip or Flop” and “Rehab Addict” flaunt how flipping houses can provide a lucrative career or side hustle. But it’s not always an easy one. Many things can go south during a flip, including stolen materials or structural damage while the house sits empty. Mishaps that eat into potential profit. Most people go into a flip thinking about asking price, cost of renovations and earning potential. It’s important to add insurance coverage to the early list of considerations. Below we answer four common insurance…

Understanding Renters Insurance

The number of renters in America continue to rise. For the past several years, almost 40 percent of households are renters. There are myriad reasons why renting is the best decision for many people. While it is easy to think that renting means your landlord or rental company has you covered when things go wrong, that isn’t always the case. Enter: renters insurance. Once you understand what renters insurance provides, you will see why it is a smart money move for all renters to make. What is Renters Insurance? Often times, people equate renters insurance with homeowners insurance. Some people…

Home Mortgage: What’s the Difference Between Being Preapproved and Prequalified

Fall is an ideal time to shop for a new home. The market has quieted from the frenzy of spring and summer real estate activity. And prices may be lower, as sellers work to close a deal before the traditionally slow market during the holidays. Before you engage a real estate agent or spend a weekend visiting open houses, do a little homework so you’ll be ready to find your next home. A crucial task is assessing how likely you are to get approved for the mortgage amount you may seek. You’ll hear the terms preapproved and prequalified. Both have…

Ready to Buy (and Insure) Your Vacation Home?

There’s something so enticing about the idea of owning a vacation home. It’s the vision of a special place that feels both familiar and an escape at the same time. It is a place to make memories. And a place your hard-earned dollars translate not only into luxury, but a return on investment. However, like all large purchases, a vacation home isn’t something you should jump into without lots of thought and number-crunching. Here are five things you need to consider before making an offer on a vacation home:   Practicality Okay, so being practical is probably the furthest thing…

What You Need to Know About Tiny Houses and Insurance

More than a decade ago, a new movement began. One that emphasizes the philosophies of less is more, sustainability and financial freedom. The tiny house movement. Today you’ll find numerous TV shows, countless blogs and even a magazine dedicated to tiny house living. But even with its notoriety, living tiny is still a relatively new industry. Regulators, home insurers and builders continue to navigate the space. If you’re considering joining the tiny house movement, keep these considerations in mind. Goals and Primary Use What’s the motivation behind your desire to go tiny? Are you looking to right-size, live sustainably or eliminate…

10 Questions to Ask Before Hiring a Real Estate Agent to Sell Your Home

What do you need to know when it comes time to sell your house? Maybe you’re ready to downsize after the kids have grown. Or perhaps you’re family is growing and you need more space. No matter the situation, here are 10 questions to ask before hiring a real estate professional to help you sell your home. Why Work With a Real Estate Pro in the First Place? The idea of putting up a “For Sale, By Owner” sign has obvious appeal because there’s no commission to pay. But most buyers themselves typically use agents and a buyer’s agent might…

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