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Homeowners insurance – why do you need it?

No one knows when they will need their home coverage because it’s really hard to predict anything like an earthquake, theft, flood or hurricane. And unless you plan doing some fraud with our insurance policy (which is, of course, not the smartest thing to do) you might never suspect that you really need it before something bad happens. That’s what insurance is for – it covers you against situations that are unpredictable. But what exactly are these situations that home coverage is designed for protecting against? The fact is that the list of such circumstances is very large and varies from one policy to another.

However, most insurance policies are designed to provide coverage against circumstances listed below. Each of them can’t be predicted. But sure has the potential to devastate your house and leave you without a home unless you have proper coverage.

Fire

Fire has the potential to turn your entire house into ash within minutes even before you can call for help. All that is needed is a small leak in your oven, a spark from the fridge or a forgotten candle to fire your house up, destroying all of your belongings in a very short time. Even if you’re fully confident about your appliances and devices, you aren’t fully protected from fire. A single cigarette butt thrown into your yard can be just enough to turn your precious house into a pile of burnt stacks. And taking into account that most fires happen when no one is at home and can’t control the disaster, the risk of leaving your house with respectful insurance is too high for you to assume. Most homeowners insurance policies provide coverage against fire.

Flood

Flood poses a risk to many households, even those that aren’t situated near rivers, lakes or other bodies of water. Pipe problems, heavy shower and even a malfunctioning dishwasher are also considered as flood risk, and if you feel that your home might be subject to such a situation, make sure that you have flood coverage with your home insurance. If a main water pipe gets damaged somewhere beneath or near your house and you are not at home the damage can be as bad as in the case of fire. Of course, there is a chance that you will be able to restore some of your belongings, still it can be quite costly to repair the soaked house and buy new appliances that usually tend to get ruined by water. Not all policies cover flood damage, so you have to make sure your does if you need this type of coverage. Some companies offer flood damage insurance as a separate policy.

Earthquake

Earthquakes are certainly amongst the most disastrous and haunting of natural disasters because they are impossible to predict and you know there is one when your entire house is already shaking like cardboard construction. The damage delivered by an earthquake is usually very serious, making entire towns and cities impossible to live in. Even if your house has sustained an earthquake and is still standing, the structural damage can be so serious that the house should be demolished and built anew in order to be possible to live in. Most policies include this type of damage, however make sure to get as many homeowners insurance quotes in order to get the best rates.

7 Steps For Protecting Your New Home From Water Damage



Will you know what to do in your new home if something nasty happens with any of the water-related fixtures in the residence? The truth of the matter is that in this life toilets overflow, dishwasher hoses crack, water pipes eventually leak and sometimes even burst wide open. These unfortunate incidents can bring major inconvenience to your life and costly ruin to your property. Own a home long enough you are likely to experience a significant water-related event within the next few years if you haven’t already, so it is better to be prepared so that precious time is not wasted that might drive up the costs of repairs. If you get to know your plumbing well and treat it like a friend, you might even be able to decrease the chance of an unexpected water disaster, perhaps saving yourself thousands of dollars while improving the value of your investment!

Prior to purchase:

Either you or a professional plumber you trust should inspect the quality of all plumbing within the property and demand that any portion which is not in great condition be replaced in order to protect your investment. If you suspect that any section of plumbing (large or small) is in decline, insist on a remedy or a price adjustment to compensate for your intention to take care of the matter yourself. Consider making friends and maintaining a good relationship with a plumber you can trust who will have your best interests in mind and perhaps offer you advice to save you money or help you avoid unnecessary costs in the future. Of course, it wouldn’t hurt you to attend some workshops or classes on Do-It-Yourself Plumbing Repair. Find out the age and make certain of the condition of any septic system, including information about the company that installed it. You should investigate the life expectancy of the system and be prepared to haggle over the issue if you feel you and your wallet are at risk. Know the location of every water shut-off valve in the home. When you do your first walk-through prior to purchase, you should inspect each water fixture and look for a convenient shut-off. If you find a sink or tub or any other fixture that runs water yet does not have a nearby way to shut that water off in an emergency, you should plan to have such installed, or even make the practical installation of such a requirement of purchase. Obtain detailed design and construction schematics of the home, especially any information available on any home improvements that have been completed which affected or changed the original plumbing layout.After purchase:

Assemble and keep accessible an “Water Emergency” kit that will allow you to quickly deal with the most common types of incidents such as an overflowing sink or tub (due to clogged drain) or a leaking pipe. You want to be able to stop the flow of water, conveniently clean up (and disinfect) any mess, and prevent further problems until the problem can be resolved. Perform a monthly check on interior and exterior areas of your home where plumbing runs, including all visible connections as well as surface and floor areas near where pipes run behind sheetrock and other wall material. If you see any sign of moisture, address the cause or have someone experienced take care of it. Finally, if you have not done so for quite a while, you should review and update your homeowner’s insurance to feel confident that the details have not changed in your coverage. You must never be fooled into believing that your insurance company is always completely transparent when they make adjustments to the rules. You do not want to be one of those unfortunate souls who find out that the rules have changed when you weren’t looking. Thousands and thousands are the people who have had to go to court to fight tooth and nail with companies claiming “We’re Like A Good Neighbor” and “You’re In Good Hands” when their plumbing had issues related to a natural weather event. Insurance companies do not look kindly on having to pay up and do everything they can to avoid relinquishing the vast profits you provide them. The best insurance is attention to detail! Take the right steps in the name of water safety – both while looking for a home and after you’ve purchased one – and you can greatly decrease your risk for catastrophic water damage. When it comes to protecting your home and your wallet or purse against the risks of plumbing-related incidents, remember that diligence saves dollars.

Home Budgeting – Time to Cut Back



How much do you spend on food on a day-to-day basis? For most people, the simple answer is too much. It’s not just the extra bag of chips or the impulse trip to the diner. There’s also the cost of gas, electricity, and production time involved in getting food to your table. But saving money on food doesn’t mean going hungry or giving up nutrition. Often, it only takes a few simple tricks. Here are five you can try today.

Make a weekly menu: Knowing what’s ahead for the week will keep you from buying things that aren’t on your shopping list. Or if you do buy stuff on impulse, you’ll be able to keep it under control. It also saves those quick trips to the store for last-minute ingredients, which cost you time, gas, and money.

Take advantage of sales: If something’s on sale, go ahead and stock up-but not more than you can consume before it goes bad. Get vegetables in bigger packs, bigger cans of broth, an extra pack of meat. You can always use the extras to liven up other dishes or even make a new dish altogether.

Use that crock pot: Slow cookers are great for budget cooking because they let you choose cheaper meats, use up less energy, and offer more creative meal options. They’re not just for pot roast; there are lots of crock pot recipes for breakfast, soups, and even desserts!

Do some DIY: Whenever possible, make a batch of your own commonly use ingredients. Use meat drippings to make gravy or sauces, pre-cook your meats and save the broth for soups, or make a large batch of your kid’s favorite dip. In the long run, you’ll save a fair deal since you won’t have to buy pre-mixed stuff anymore.

Switch off as you go: Don’t leave appliances running longer than they should. Set your cooker to turn off automatically when done, and wait to the dishwasher to get full before turning it on. When you’re done cooking, make sure everything is turned off-even that little blinking light in the microwave.