This chapter tells the poignant story of a house fire that impacted an uninsured family, highlighting the critical need for homeowners insurance and financial preparedness. It explores the nuances of liability coverage, the risks of being underinsured, and practical tips for managing insurance costs. The discussion also balances the intricacies of self-insuring against traditional options, emphasizing the importance of understanding personal financial situations when making these decisions.
#533: Kristin is floored by the 60 percent increase in her homeowner’s insurance this year. Should she cancel the policy and self-insure instead?
Susana and her husband are torn. They bought their dream home last year but now need to relocate indefinitely. What should they do with the house?
An anonymous caller wants to help his soon-to-be wife invest a five-figure gift she received in another country. How do they untangle the complexities of managing money from abroad?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode533
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