renter’s insurance

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Do You Need Flood Insurance?

Anyone who has watched the news of a major hurricane or another intense storm has seen the aftermath of flooding. According to the Federal Emergency Management Agency (FEMA), flooding is the number-one natural disaster in the United States. So, how do I know if I need flood insurance over and above what my current homeowners policy covers? Given flood’s #1 status, you might assume a lot of people have flood insurance—but that’s not the case. FEMA statistics from the National Flood Insurance Program show there are more than 5 million flood insurance policies in effect, nationwide. Just one inch of water…

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…

Things to Consider Before Buying a Rental Property

Most everyone can use some extra, reliable income. That’s what makes the prospect of a rental property so attractive; it’s a long-term investment that, if managed well, can bring in long-term returns. But like any significant investment, a rental property is nothing to rush into. There’s homework to do. For instance, you’re not just buying a house—you’re establishing a business. Check with the local government about minimum requirements for rental properties. Knowing those requirements will be important when you actually shop for a property. You’ll want to find one that won’t need a lot of investment to bring it up…

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