The Clark Howard Podcast 04.02.25 Home Insurance - New Considerations / Caution: Meme Coins & Crypto
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Apr 2, 2025 Explore the rising costs of homeowners insurance and avoid common pitfalls when choosing coverage. Discover how natural disaster risks are impacting premiums and gain insights into navigating mortgages. Dive into the complexities of meme coins and crypto, as they are touted as alternative investments. Unpack the potential risks and rewards of quick wealth accumulation, and learn about savvy financial strategies like Health Savings Accounts versus Flexible Spending Accounts.
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Hidden Costs of Homeownership
- Consider all costs when buying a house, not just the purchase price.
- Factor in property taxes and potential homeowners insurance increases, especially in coastal areas.
Homeowners Insurance Strategy
- Choose a high deductible for homeowners insurance to avoid small claims.
- Ensure you have enough coverage for major catastrophes, as construction costs and home values have risen.
Insurance Aggregators vs. Independent Agents
- Aggregators shop multiple insurers for you, similar to independent agents.
- Independent agents are increasingly important in coastal areas due to rising insurance costs.