MoneySense’s Post

Do I really have "Flood Insurance"? Check out this short Q&A read for more details. #insurance #property #flood

Are you aware of what your home insurance doesn't cover? It won't protect you from floods, earthquakes, sinkholes, water leaks, or damage to valuable possessions like jewelry and collectibles. Speak with your insurance agent and make sure you have additional coverage for these risks. #HomeInsurance #CoverageGaps #ProtectYourHome https://brev.is/sSWQN

As home insurance goes through the roof, the untold story is that the biggest claims are going to fire and lightning damage. ⛈️⚡ #TodaysHomeowner #HomeInsurance #RiskManagement #CostIncreases 🌊💰

Home Insurance Rates Out of Control? A Broker Can Help.

Home Insurance - Why Not? You bought the plot. You have been building for years. You even stopped buying yourself nice things. You have sacrificed so much and now you have moved into your house. Congratulations! But is it insured? Why not? One of the reasons why people in Zambia do not insure their houses or house contents is because they think it is expensive. So what we did with our campaign was to show you how surprisingly affordable home insurance is by marrying the value of your property to the premium you need to pay to get covered. For example, if your house is valued at K500,000 you only pay K500 for insurance and you're covered for a year! Ladies and gentlemen it is calamity season - floods, fires, burglaries - you name it. But you can secure your investment and live stress free at a minimal cost. Go for it!

 In light of the increasing frequency of natural disasters, safeguarding one of your most valuable assets—your home—is more crucial than ever. Investing in home insurance is a proactive measure to protect not only your property but also your financial stability. With the right coverage, you're prepared for the unexpected, ensuring that you can face potential risks with confidence and security. Here’s an article covering insights from Mr.Amit Bhandari on the topic of home insurance featured in News18 India dailyhunt to guide you about the basics of the topic. https://lnkd.in/dKKG4rtB #wayanad #kedarnath #wecare #solidarity #homeinsurance #insurance #generalinsuance #motorinsurance #healthinsurance #lifeinsurance #life #lives #financialprotection #financialplanning #prepared

There are a lot of misconceptions floating around about what homeowners insurance is and how it works. These home insurance myths, often born from a blend of outdated notions and hearsay, could significantly impact your decision-making as a policyholder. https://lnkd.in/d6JGCm48

Forbes: Insurance rates have been increasing over the past few years due to factors such as inflation, higher interest rates, increase in catastrophes such as natural disasters, rising construction costs that now outpace inflation, and higher claim payouts. Some Insurance companies are now requiring new shingle/asphalt roofs as early as 10 to 12 years into existing roof lifespans, insurers cutting typical roof life expectancy in half in order to quote and bind coverage. Some Insurance companies now require insurance inspections for other items such as water heaters, HVACs, ice makers, and plumbing fixtures and connections/piping to ensure they are newer, in order to bind coverage.

Climate change and home insurance: What's the connection? The UK's weather is becoming more extreme - creating further challenges for insurers as claims for damage caused by weather events increase. And it isn't just customers in high-risk areas that can expect to see higher premiums... As the cost of climate-related claims increases, insurers are likely to spread the cost across all of their home insurance customers. Read more in my latest blog:

We were pleased to see Emma Myrie, our Lead Underwriter, quoted in an article by The Guardian this week.   The article discusses the prospect of increased home insurance costs as a result of flooding, and how extreme weather is impacting premiums.   Emma explains the importance of being "truthful about risk" in order to avoid cover being withdrawn, and points out that some steps can be taken to reduce your insurance premium.   You can check out the full article here: https://lnkd.in/eGsB_tEt #insurance #homeinsurance #finance