In case you missed it, the Biggert-Waters Flood Reform Act of 2012 (BW-12) was passed by the U.S. Congress in July of last year. The goal of BW-12 is for the Federal Emergency Management Agency, or FEMA, and other agencies to make changes in how the National Flood Insurance Program (NFIP) is administered.
I received a call on Friday from a woman in Frisco, Texas on Friday who wanted me to review her home and car insurance. The family’s rates are going up on their upcoming renewal in August, and like most people she doesn’t want to spend more on her insurance than she has to. I don’t blame her!
Last Monday I introduced David and Deb (not their real names). They’re a couple who just purchased a home in east Dallas they plan to completely renovate. The home was originally built in 1962 and has never been updated. They’ll gut it and bring it up to date in a contemporary style befitting the original vision the architect had when it was first built.
Did you catch the story last week about the toddler who bought a car on eBay with her dad’s smart phone? Sorella Stoute, a 14 month girl in Portland, Oregon, was playing with her dad’s smart phone. She opened the eBay app on dad’s phone and submitted the winning bid on a 1962 Austin Healey.
You’ve been watching HGTV and pouring through copies of This Old House Magazine and you’ve become inspired on what you want to do with your home. Or maybe, you’ve found the perfect home to buy that matches the vision you have for it and nobody else can see past the dated kitchen, bathrooms, and flooring. Congratulations! I can’t say I have that gift and am amazed to see what friends and clients have done with a home that looked one way and made it uniquely theirs.
Do home insurance policies cover everything? No! There are coverage holes in every home policy as to what they cover and what they don’t cover. In last week’s post, I introduced 3 Items No Home Policy Covers, http://50.87.248.161/~wiseinsu/3-items-no-home-insurance-policy-covers/, including:
On a cloudy day in March, I went by the post office to drop off some items and pick up my mail. There was the normal mail, a bill or two, a movie and a large envelope from D Magazine. I almost threw the D Magazine envelope away thinking it was a solicitation for a new subscription but didn’t. I was pretty amazed to learn I’d been selected as one of the Best Home and Auto Insurance Agents in Dallas 2013.
Identity theft, and the fraud associated with it, is a growing problem in the US and across the globe. Out of 2.06 million complaints reported to the Federal Trade Commission, 370,800 were identity theft related. In Texas, the rate of identity theft complaints rose 17% from 2011 to 2012, or 28, 299 up from 24,162.
Last week I talked with a woman who’s buying a home in the Hill Country area of Texas. We were discussing what the policy covered as we reviewed the quote together and she asked a question that was different than I usually get. Normally I’m asked what the policy covers.
Today, my wife, Sheri, and I are driving from Dallas to Tuscaloosa, Alabama to celebrate and support my niece as she marries one very lucky guy! It will be a great time celebrating their love and cheering them on, not to mention the family entertainment that usually accompanies a gathering like this.
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