Home Insurance

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How To Minimize The Risk Of Flooding At Home

Whether or not flood damage is covered in your home insurance policy depends on your policy's coverage options and what caused the flooding in the first place. If your window is broken during a tornado and water enters your home, typically you will be covered. If water damage is the result of a "sudden and accidental discharge of water" such as an extreme heavy downpour, a burst pipe or a backed-up sewer, you are likely covered provided you have this endorsement on your policy (it's optional and you have to request it).
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6 Questions to Ask Before Buying Travel Insurance

I made the huge-ass mistake of packing a valuable item -- Luckily, theft was covered by my travel insurance. Or so I thought. The insurance representative regretfully informed me that although stolen baggage was covered, my claim wasn't eligible. It was a baffling and maddening situation, but one that got me thinking: what other insurance loopholes are lingering out there?
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7 Reasons Why You Should Say No to Mortgage Insurance

Buying a new home can be a daunting experience -- especially if it's your first time. One thing that banks love to do is tie mortgage insurance into your mortgage agreement, right along with a dangerous-looking checkbox you need to fill in if you choose to "recklessly" opt out. Here's why I want you walk into that mortgage broker's office, check that box, sign that line and opt out of it with total confidence.