Your home is probably your most valuable asset. Not many people realize that it is also a huge financial risk for you.
- What if something happens to it? A fire? A flood? Vandalism? Will your insurance policy actually pay for the damage? Will it pay for ALL of it?
- What if someone visiting you slips and falls and suffers a serious injury? And sues you? An accident like that could put a dent — or worse — in your financial security.
For most people, home insurance is a mystery. Most home policies are purchased as a prerequisite for mortgage without understanding the protection it provides. And often, consumers don’t understand what their policy does NOT cover and what to do about that.
Not all homeowner insurances are created equal. In fact, almost none of it. There are thousands of different products out there, from hundreds of insurance companies. And your policy includes literally dozens of options and decisions you must make that determine how much insurance protection you actually have. Your home policy is not a commodity. It’s something tailored specifically to your needs and desires.