Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Ask KT & Suze Anything: Navigating Your Insurance, After a Disaster
Jan 16, 2025
Explore the complexities of insurance in high-risk areas, including insights on the California Fair Plan and alternative coverage options. Get tips on navigating home insurance policies, from coverage types to understanding replacement value. Discover how Proposition 13 affects property taxes after disasters and essential strategies for managing claims. Celebrate resilience in communities post-disaster while connecting personal stories and financial preparedness to safeguard your future.
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Insurance Policy Review
- Review your insurance policy, especially Coverage A (dwelling coverage).
- This covers your home's structure and influences other coverages.
Understanding Coverages B and C
- Coverage B (other structures) is typically 10% of Coverage A.
- Coverage C (personal property) covers belongings but may have sub-limits for high-value items.
Importance of Loss of Use Coverage
- Ensure your policy includes Coverage D (loss of use) for additional living expenses.
- This is crucial if your home becomes uninhabitable due to a covered peril.