7 key steps if your home suffers a major loss

Immediately file a claim with your insurance company. For flooding, contact the National Flood Insurance Program(NFIP). If you don’t have coverage, check DisasterAssistance.gov and FloodSmart.gov for possible assistance.

Document pre-loss and post-loss conditions. Hopefully, you have photos or video of your home pre-disaster. If not, find family or realtor photos showing the property, an inspection report, appraisal, receipts for furniture, appliances, work you’ve done. Take photos or video now, showing all damage.

“Mitigate damages.” Insurance may require you to take steps to prevent further damage. Most states make insurers reimburse you within 30 days.

Check “displacement” coverage. If you can’t inhabit your home, confirm how long your policy covers living expenses.

Hire a public insurance adjuster (PA). If your insurer isn’t reasonable, hire a PA to negotiate for you. PA fees are state regulated.

Avoid transient contractors. Work with local contractors who warrant their work.

Stay safe. Don’t move back until all toxic substances are removed.

When financing a home purchase, or refinancing for a lower rate or improvements, please text, email or call us…. Have a great day!

P.S.: Mortgage rates are still near historical lows; contact us about today’s excellent options.

**Looking Out For Your Best Interest**

Brandy Whitmire | Branch Manager | Mortgage Loan Originator | NMLS #194877 

Office Phone: 214-660-5000 | Email: BWhitmire@financemyhome.com

HomeBridge Financial Services, Inc., DBA FinanceMyHome.com   

Mobile APP: www.BrandysApp.com

Application: www.BrandyWhitmire.info

Related Articles

Volatility has disappeared in the financial markets and a sense of calm and complacency has emerged. Why? Well, thanks to the Fed, and to reduced threat of inflation and higher rates, both stocks and bond prices are moving higher. For 2019, home loan rates have been stable at one-year lows,…
Read More of the post Word of the Day: Complacency

“It's a small world after all.” If inflation moves lower — or is expected to move lower — rates must go lower as well. That's the situation right now. The financial markets and interest rates also follow inflation on a global scale. Why is this important to homeowners? If disinflation…
Read More of the post Disinflation Washes Up On Our Shores

This past week, the Bureau of Economic Analysis (BEA) reported the U.S. economy, as defined by Gross Domestic Product (GDP), grew at a 2.6% rate in the fourth quarter of 2018. Economists and the markets were expecting 2.0% to 2.3%, so this was a nice upside surprise. This left GDP…
Read More of the post U.S. Economy Showing Solid Growth

"All we need is just a little patience…" (Guns N' Roses) The highlight of this past week was the Fed Minutes from the January Fed meeting. The minutes are a detailed record of the Fed's monetary policy setting meeting, so the markets gain insight into the psyche of the Fed…
Read More of the post Patience is a Virtue