- High-Value Home Insurance for High-Net-Worth Individuals
If your house is worth more than $750,000 or more, you almost certainly want to consider getting high-value home insurance (HVHI). This is a high-net-worth category of home insurance specifically designed to protect particularly expensive properties, high-value personal assets and other assets with a large risk exposure. Typically, an insurance company will direct you to… read more…
- What Is Short-Term Rental Insurance and What Does It Cover?
Short-term rental insurance is for property owners who rent out their homes or apartments on a temporary basis, such as through platforms like Airbnb or Vrbo. This insurance typically covers risks that standard homeowner’s insurance might not, including property damage caused by guests, liability for injuries that occur on the property and loss of rental… read more…
- We Put $80k of Renovations Into Our Home. Do We Need to Report It to Our Homeowners Insurance?
Homeowners naturally know that the price tag for remodeling and improvements can be high. An average kitchen remodel, according to Home Advisor, costs more than $40,000, while a lavish makeover that includes custom cabinetry, fancy tile backsplashes and restaurant-quality appliances can run more than $130,000. A financial advisor can help you plan for major home… read more…
- What Does Property and Casualty Insurance Cover?
Outside of health and life insurance, property and casualty insurance are at the heart of most insurance policies. Property insurance is a policy that covers you against damage or destruction to your property. Casualty insurance is a policy that covers you against liability for injury to someone else or their property. Typically, these two insurance… read more…
- Does Medicaid Pay for Home Care?
Medicaid is a program is designed to assist families with limited income and resources. Medicaid covers various medical services, including hospitalization, doctor’s visits and nursing home care. It may also cover home care services, but it depends on the state… read more…
- Can Nursing Homes Take Your Life Insurance From Your Beneficiary?
A lengthy nursing home stay can be expensive, and if you don’t qualify for Medicaid, you may need to draw down your assets to pay for it. You may choose to leave a life insurance policy behind to help your… read more…
- Brighthouse Long-Term Care Insurance Review
Growing old can bring distinct challenges, including the need for long-term care. While there is no guarantee that you’ll end up needing long-term care, many people’s health in their later years necessitates getting help with the activities of daily living. One provider of long-term care insurance is Brighthouse Financial. This page will guide you through the products… read more…
- What to Do When Your Homeowners Insurance Claim Is Denied
Ideally, a good homeowners insurance policy should cover the cost of repairing or replacing your home when disaster strikes. But even if you believe that you have enough coverage, your insurance company could still deny the claim you file. If… read more…
- Everything You Need to Know About Second Home Insurance
Buying a second home – whether as a vacation getaway or a rental property – is a lot like purchasing a primary residence. For example, you’ll need to make sure your new home has the right amount of insurance coverage… read more…