The terrible effects of this year’s hurricane season should cause us all who‘ve been spared to count our blessings and pull out our homeowners’ insurance policies for an in depth review.
Each mortgage payment increases our wealth equity but without proper homeowner’s insurance we equally expose ourselves to greater losses. Our homes for the most part are our greatest asset. The news headlines of late remind us of the terrible damage wrought by natural disasters such as hurricanes, forest fires, and earthquakes. Natural disaster devastation is obviously the most extreme and most publicized, but everyday disaster events can be very damaging to our home’s equity.

Common Disasters
House fires, flooding from sudden pipes/water heater breakage, tree damage and termite infestation are some of the more easily forgotten everyday occurrences that can wreak major havoc on our homes and pocketbooks.

Protect yourself
To best protect yourself and your home’s investment, annually review your homeowner’s policy and coverage limits along with deductibles. Be sure you understand the difference between your home’s actual cost and replacement value and don’t let that spread get too wide. And don’t forget flood insurance if your home sits in an area that is exposed to flood and water damage.

Mortgage Check-up
A mortgage check- up can also help preserve wealth with a refinance to reduce interest rate, consolidate debt or a renovation loan for needed repairs and improvements. Check out what you can afford with my mortgage payment calculator and give me a call or email today.

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