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Is Insurance Taking Too Big a Bite Out of Your Budget?

If you are as confused about insurance as I was checkout this article from Bankrate.com. It is excellent at explaining what insurances you don't need, the ones that really aren't much, if any, help to you but really help line the pockets of the insurance company.

I don't completely agree with the article on 1 type of insurance noted here: Flood insurance I believe is vital if you are in the 100 year flood plain. My belief in this is the result of being in a lot of floods and seeing the devastation the Mississippi caused along the eastern border of Iowa this year.

This article will help you get on a firmer footing with your insurance company, if they have you in one of the insurances noted in this article get them on the phone or better yet visit them in person, take this article, ask them to explain why you need the insurance in question and then decide for yourself. If you are trying to buy a home or trying to just make your mortgage and stay out of foreclosure this information may help you get your budget under control.

Realtors, this is a good area to address when you have Sellers come in who are getting close to or who are already in foreclosure proceedings. It is also a good area to have your Buyer clients review with their insurance agent prior to buying.

http://www.bankrate.com/brm/news/insurance/20080909_useless_insurance_a1.asp

Posted Saturday Sep 27
( 09/27/08 10:16AM ) — Lou Ludwig CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO,

Hi Georgia


Very interesting post on insurance, It give a much better insight on what we need and what we don't need.


Good luck and success


Lou Ludwig

( 09/27/08 10:49AM ) — Steven L. Smith, Bellingham, Wa. Home Inspector

Insurance takes a big bite out of inspectors in WA. There are mandatory limits we have to maintain.

( 09/27/08 11:42AM ) — Tony & Darcy Cannon - The C Team

Georgia, very informative article, thank you for posting it here.  It was eye opening!

( 09/27/08 12:05PM ) — Carey Pott

Good stuff, thanks very much. Important to know what you do need to protect yourself from and what you do not.

( 09/29/08 09:55AM ) — Georgia Weaver

Lou,


Thanks for the comment, this was an article I sent to my clients and I sure hope it gives some of them insight into how their insurance works. Again, I think business like this need to have a fiduciary duty to their clients.

( 09/29/08 10:00AM ) — Georgia Weaver

Steve,


I was just to your website, WOW!!! Can you move or franchise here in Iowa?  I am so unimpressed with our inspectors I can't even begin to tell you.  Any advice? I need good inspectors that actually know what they are doing, who can work with people - not scare them to death, who have a few people skills (like ability to talk, bring the tools they need to do the inspection and be on time), who can write a report that is readable and has less than 50 misspelled words.


 


 


 


 

( 09/29/08 10:00AM ) — Georgia Weaver

Steve,


I was just to your website, WOW!!! Can you move or franchise here in Iowa?  I am so unimpressed with our inspectors I can't even begin to tell you.  Any advice? I need good inspectors that actually know what they are doing, who can work with people - not scare them to death, who have a few people skills (like ability to talk, bring the tools they need to do the inspection and be on time), who can write a report that is readable and has less than 50 misspelled words.


 


 


 


 

( 09/29/08 10:00AM ) — Georgia Weaver

Steve,


I was just to your website, WOW!!! Can you move or franchise here in Iowa?  I am so unimpressed with our inspectors I can't even begin to tell you.  Any advice? I need good inspectors that actually know what they are doing, who can work with people - not scare them to death, who have a few people skills (like ability to talk, bring the tools they need to do the inspection and be on time), who can write a report that is readable and has less than 50 misspelled words.


 


 


 


 

( 07/24/09 05:45AM ) — Alden

Hi guys. I am here for a purpose and that purpose is to grow into a mountain, not to shrink to a grain of sand. Henceforth will I apply ALL my efforts to become the highest mountain of all and I will strain my potential until it cries for mercy. Help me! Looking for sites on: Safeline profile metal detector manual. I found only this - fidelity and guaranty life insurance. Welcome to kci business finance, a nationally recognized provider of capital make kci business finance a part of your team. Trying to spend and save wisely well, I just read lizajane blog about her dream of meeting me, so I will have to. Thanks for the help :confused:, Alden from Singapore.

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