You’re someone who likes to be prepared and do research when it comes to something as big as buying or selling your first home. There are many areas of the process to know and address, some you might not even know about.
In the United States, floods are the most common disaster. Each year recovery costs increase, making floods a growing problem. Every state in the U.S. can experience flooding – and each has within the past 50 years. The damage caused by flooding can be devastating but flood insurance can help. Here’s what you need to know about floods and flood insurance.
In Florida, hurricane season lasts from June 1 to November 30. During this time, the state sees an increased risk of impact from both hurricanes and tropical storms. Most Florida home buyers are aware of this, but what some don’t realize is that closing on a home during hurricane season can impact their ability to buy homeowners insurance.
Whether you’re in the process of shopping for your first home or consider yourself a seasoned homeowner, it’s important to be well-educated on how homeowner insurance works for you. Liability insurance is included in the average homeowner’s insurance policy, but very few homeowners have a true understanding of what this coverage is and why it’s so important.