Well kinda reading around about some more home owners things, also some companies that deal w/ insurance have a set amount of time to sign up for EQ insurance, primarily about 30-35 days, from when the policies go into effect. So watch out for that, specially if you live in an area were EQ's are an issue like California, and believe it or not Washington and Oregon states as well.
Flooding is one of those things as well to watch out for. Flood insurance is typically sold by insurance companies, but the Flood zones, Areas of at Risk, and also the Rates of the policy are determined by the Federal Government through FEMA, and hurrican Katrina victims can tell you about FEMA. If you feel like you want to get your eggs in a basket before you make up your mind about this type of insurance, check out websites like www.floodsmart.gov because knowing your stuff will get your head in the game and will help you think of questions before you call in.
-Good luck...
I live in new york where flooding isnt something to worry about all the time, but it does occasionally happen, nothing's impossible!
ReplyDeleteliving on top of a hill, i should be in good shape. :)
ReplyDeletethanks for the info man ;:D
ReplyDeleteim from Cali 0.0
ReplyDeleteill move to the top of a mountain! xD
ReplyDeleteThis is some good info.
ReplyDeleteWhen I studied in my business classes, I've learned all about how insurance works....
They gamble on the fact that you wont have a hazard issue, while you gamble on the fact that you do.
Interesting business indeed....
insurance is silly
ReplyDeleteInsurance is crazy like that. But, it's better to have it in the long run.
ReplyDeleteIve been lucky and never had a flood. Knock on wood.
ReplyDeleteInsurance, in most cases is a hoax : / When talking about insurance for phones, computers etc...
ReplyDeleteOne good thing about being a renter is you don't need this type of insurance.
ReplyDeleteI didnt understand much about this post, but i love your background! XD
ReplyDeleteI have a basement on Long Island so you can bet I have flood insurance
ReplyDeleteOnly home whre you need flood insurance?
ReplyDeleteInsurance is a tricky thing, hard to understand most of the time.
ReplyDeleteFlood insurance is such a pain and they put the weird areas in those flood zone.
ReplyDeleteSo glad I live in the desert.
ReplyDeleteInsurance is always tricky. Most people assume they are just there to cover expenses incurred but they wouldn't be in business if they didn't make money.
ReplyDeletespeaking of insurance i hope mine pays up for the accident I was just in..lol
ReplyDeleteMoney makes so many people evil ... I'm not that good with all these insurance things! Keep giving us some tricks!
ReplyDelete