Many friends and family have purchased homes within the last year, so in celebration we should talk about everyone’s favorite topic–insurance! Some things you might want to consider when protecting your home:
1. Know your geographic region–are you susceptible to tornadoes, flash floods, or forest fires? Build your insurance around that. For example, if tornadoes touch down near your home ensure you have a sturdy roof, address garage doors by installing impact-rated pressurized doors, and have a plan to protect your windows (roll down shutters or metal panels).
2. Check your insurance policy–your insurance should cover the cost of building a new home from scratch. Shop around and let the insurance company know what upgrades you incorporated from a safety and security perspective (installing an alarm saved me money).
3. Last but definitely not least–make sure you take pictures and video of your property and store a copy online or in safety deposit box. If disaster does strike this will be worth its weight in gold as you go through the claim process…..ask me how i know!!!
http://www.jdpower.com/Homes/ratings/homeowners-insurance-company-ratings/ (provides ratings for each insurance company)
As always if you are interested in investing in real estate or stocks please give me a call or email! Have a great week!