Home insurance is an essential expense, given the exorbitant cost of living in this present world. After having to invest heavily in a new house, it is important for homeowners to plan for any unexpected repairs that may be required to ensure the structural stability and usability of the house. It is also equally important to secure personal possessions at all times. There are several types and levels of home insurance spanning coverage for the structure, contents, utilities, natural disasters and so on. The value of the policy varies and is … [Read more...] about Home Insurance Explained to Help Protect Your Largest Asset
I saw a segment on the news recently that highlighted a family whose insurance company had canceled their renters' insurance policy. The family in question filed two claims against their policy over the holidays after burglars broke into their home before Christmas and again just before New Year's. As a result, their insurer dropped them.
Of course, the timing was horrible, and the local media covered the story exhaustively. But I'm glad the insurance company canceled their policy, and you should be happy, too. Here's why:
What are … [Read more...] about
Periodic review of our personal finances extends to many areas. Portfolio rebalancing helps your investments match changing time horizons and risk tolerances. As our families grow or coverage options change, we must review our health insurance for the best choices. Home insurance is an essential cost that may not receive the same attention. Houses are not as dynamic in comparison to investments or healthcare. Unless moving, many homeowners rarely check their home policies. However, checking your home insurance coverage for overlaps or … [Read more...] about Affordable Home Insurance Checklist – Are You Paying too Much?
The following is a guest post from Pete Briger. Pete serves as a Principal and Co-Chairman of the Board of Directors at Fortress Investment Group LLC. Fortress has become one of the preeminent investment management firms in the world and currently oversees more than $50 billion in assets. If you would like to write an article for Money Q&A, please visit our Guest Posting Guidelines page. It pays to fully understand the types of homeowners’ insurance out there so that you can decide on the policy that is right for you and your family. By … [Read more...] about Understanding and Saving Money on Homeowners’ Insurance
Understanding the full coverage and limitation of your homeowner’s insurance policy is key in avoiding the possible denial of a claim you might file later. If you’re getting ready to file a claim and don’t want it returned with a big red “DENIED” stamped on the front, then it’s important to go through your contract with a fine tooth comb and ensure that your claim isn’t going to fall into the following denial cases. 1. Your Claim Could Be Marked “Negligent” Let’s say that your home has had a bit of a termite problem that you’ve been meaning … [Read more...] about 5 Reasons Why Your Homeowner’s Insurance Claim Could Be Denied
Your house parties can be extremely fun events. You get to have a bunch of friends over, chat about old times, maybe you have a band, and you do some dancing! However, whenever you have events at your home, you open yourself up to more liability. It can come in many forms, but you need to make sure that you protect yourself from liability. House Parties Increase Your Liability By having guests in your home, you expose yourself to liability. This can come in many forms. For example, someone could slip and fall and injure themselves at your … [Read more...] about What You Need To Know About Parties And Your Homeowners Insurance Policy