I dealt with an interesting situation this past week I believe is important to share with anyone buying a home. It reminded me why it’s so important for home buyers to review home insurance during the option period, not after it’s expired.
I received a call from one of two business partners last week. The partners bought a home that needed some TLC. Once they finish with
There’s an old saying, “If it walks like a duck and quacks like a duck, then it’s a duck.” That isn’t always the case when it comes to a town house. From an insurance standpoint, sometimes a town house is a house and other times it’s a condo. It really depends on the homeowners association and their insurance policy.
A colleague called me a couple of weeks ago. She’d been asked to provide a home insurance quote for a prospective client whose policy was being cancelled. The reason it was being cancelled is the insurance company discovered the home has a roof with three layers of shingles when it conducted the home inspection
August is here and it’s hot! The forecast for the next week, and probably the rest of the month, is 100 + degree days and no rain. It makes me miss the rain we had in May that erased the drought conditions we’d experienced the past three years. August, however, usually means little to no rain and with the clay content of our soil, it’s time to review foundation care.
No one wants to pay more for their Texas home insurance than they have to. What people want is to pay a fair price for their home insurance without being over or under insured. With that in mind, here are 13 ways you can save on your Texas home insurance.
There are a number of things most people don’t know about flooding of flood insurance, such as flooding is the top natural disaster in the US, and that flash floods are the top weather related killer, or that 20% of all flood claims are from low and moderate risk flood zone areas (see https://wiseinsurancegroup.com/texas-floods-and-flood-insurance/). There is one other thing most people don’t know about flood insurance, and that is there are limits on how much a policy will pay on a claim.
There are a number of items I cover with someone when quoting their home insurance including square footage, number of stories, room configuration, floor coverings, and grade of finish out in the kitchen and bathrooms. I also review what updates have been made to the home. The updates insurance companies focus on are plumbing, electrical, heating and cooling, and the roof.
I received an email from one of my insurance company’s underwriters. They wanted to clarify one thing that turned up in the inspection of a home I’d recently written a policy with them for one of my clients. The item the underwriter wanted to confirm was the type of cooling system the home used to see if it met their guidelines. If it did, the policy would remain in force, however, if it didn’t, the policy would have to be cancelled.
The 2015 hurricane season has started. It runs from June 1 through the end of November. Accuweather is forecasting another below normal year for hurricanes. They predict 8 tropical storms, 4 hurricanes, 1 major hurricane, and 2 to 3 that will make landfall. This year’s number is slightly lower than last year’s predictions. Like last year, the reason for the below normal storms predicted is attributed to El Nino wind patterns that tilt the spinning air which inhibits the formation of storms, as well as drier than normal air and cooler water temperatures in the Atlantic.
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