Do You Need Flood Insurance?

Damage due to home flooding can be caused by a variety of conditions including spring thaws, heavy rains, hurricanes and rain accumulation after wildfires. According to the National Flood Insurance Program (NFIP), it only takes a few inches of water to cause major damage to a home and its contents. Additionally, the NFIP states that floods are the nation’s most common and costly natural disaster, and more than 20 percent of flood claims take place outside of a high-risk flood zone. If you live in an area that may be affected by flooding, you will want to invest in flood insurance. If you are under a standard homeowners insurance policy, you are likely not covered for flood damage. To cover

Financial Mistakes To Avoid When Building A Home

Building a home is a large financial commitment that takes a great deal of planning. As you make decisions concerning your new home, be sure to follow these guidelines to ensure you end up with a home you will love and that you don’t spend more than you planned on spending. Make Contracts – Some contractors build based on invoices rather than contracts, which provides you no security if something goes wrong. Before breaking ground on your new home, work with a lawyer to ensure that a contract is in place with deliverable dates and costs so that you are protected if something goes awry. Think of the Future – Most people build homes with the intention to live there for extended periods of ti

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