The team here at Woodside Wealth consists of avid readers with a particular interest in all things finance. When we see a good article, book, blog, or podcast we want to bring it to your attention. The following are some of our favorites – if they spark an idea or question please feel free to contact us.
According to the American Association for Long-Term Care Insurance, more than eight million Americans have purchased insurance to protect them in the event that they need long-term health care in a nursing home, assisted living facility, or in their own home.
Due to the recent events in both Texas and Florida, many homeowners may feel they will be excluded from receiving any benefits from their insurance policies due to the immense flooding that hurricanes bring with them. While this is true for any damage caused directly by the historically high flood waters in Houston, other damage may be covered due to another rarely known provision of homeowner’s policies called the “Hurricane Deductible”.
Many people don’t know that standard homeowner’s insurance policies do not cover floods. When floods do hit, the resulting damage can be catastrophic and therefore insurance companies deem it too big of a risk to cover. As a result, the federal government offers flood insurance which can be purchased through most major private insurance companies and property insurance agents.
Do you have a dog? A teenage driver? Rental property? If the answers to any of these questions is yes, you should look into the amount of personal excess liability coverage you carry.