This should be standard issue viewing for anyone buying a new home, and for anyone looking to give advice in video format. You're clear, concise, and don't fluff up anything unnecessary, while still keeping a friendly and informal tone and pace. Thank you for sharing your knowledge with the world.
Geat info, first time buyer here. we purchased 2019, and we stayed loyal with the same insurer co. until the renewal was out of control!! we shopped around and switched to another Co, and it was $950 less than current policy. Its so worth it to shop around.
Hi Michael! Yes! Insurance rates are crazy, esp in Houston where I live because of floods etc. Definitely everyone should shop around each year about 2 mo before your renewal! Mark your calendars!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Loved loved loved this conversation and the simplicity of language used by the interviewee to explain complex home scenarios! Thank you for sharing the knowledge. Being a CA resident has its ups and downs like any other state. Here, insurance companies are fleeing due to the risk of wildfires.
Great advice. I personally found out about the "roof" age and insurers. Travelers gave me a great price combining both home and auto, until they looked at the age of the roof. It's 18 years old, but 30 year architectural shingles. They will not insure a home now if the roof is older than 15 years period. This is for new customers. I was shocked. 😑
I live in California. I recently got a non-renewal on my homeowners insurance. Been calling many insurances but they won't take me due to risk of brushfire in my area. Some say I have to get two policies. One with California fair plan just for fire coverage....close to 5k and then second policy for $1500 to cover water, liability and theft coverage. Too expensive. Not sure what to do.
Hi! I asked an insurance friend here in Texas had to answer your question and here’s what she said…. She’s not 100% sure about California, but that the best thing to do is to try several independent agents. She said that since brushfire insurance, there is equivalent to us here in Texas having to have wind coverage --which other words --it’s pretty much mandatory then it is a high possibility that you can only qualify for this as a separate policy and not mixed together with your regular homeowners. I hope that this helps you understand, but I would get some names from friends and family of different agents there in the California area.
Useful info - THANKS for the video. I was almost thrown back when your guest said "FUNNER" (yes, it IS in the merriam-webster, but...) but glad we let it go.
I would like to asked you when someone home paid insurance home every year and one day have incident home was fire all so how home insurance responsible of that incident happened?
If there is a fire and you want the home insurance to help pay for the costs to repair the house, then you reach out to your insurance company and let them know there was a fire and you want to file a claim. You have to let the insurance company know you need their help. It might be worth it to compare the cost of repair vs. your deductible amount. If the amount to fix the problem is less than your deductible, you may or may not want to ask the company for assistance.
It pays to shop around & compare . One thing I want to point out is you don’t want to be under insured or over insured. Way back in 1974 when the super out break of. Tornados on April (3) of that yr some where under insured especially those in Xenia Ohio I don’t live far from there . Xenia was really destroyed by F 5 . Also be careful about filling too many clams. Having a home security system is a plus . & be sure to ask about discounts if you insure vehicle ,s with the same company they should give you a discount.
You are correct! That is why having an expert on your side, walking you through it is so worth it. It doesn't cost anything to get an agent's help, and in the long run can save you not only heartache but thousands! Thank you for taking the time to share your experience!
I would shop with all the national carriers. That is what I did recently too. Each carrier has different rates in different cities. But Progressive, Geico, State Farm, Allstate Those are alot I see. I would talk to a broker in your area that can shop many different carriers.
Hello Thank you for watching! There is insurance with no contents, I am sure. I am not a home owners agent, so be sure to talk to your agent about the differences in cost between exterior only, and then contents. Good luck to you!
No, we're not losing interest. Quit cutting her off. She is a great guest. I'm in the market after getting a 45% increase in homeowners (and expect a 30% in auto). Called another broker and she thought I was lucky to get a renewal and that she couldn't beat a 45% increase. I think I should start an insurance company - the premium increases are insane.
Thanks for commenting Arthur. Appreciate the feedback- Wish you the best. Yea insurance is crazy. mine went up too, and i had to shop like 7 carriers. Finally landed with state farm. Insurance all over is nuts right now.
Thanks for the question! I would try to find a good Goosehead agent. They are nationwide. Also ask your friends who might have recommendations. Good luck!
Hi! Thanks for watching. You should shop for sure. Call 3 different agencies at a minimum. Try to get referrals in your local area. yes, insurance is nuts everyhwere, not sure where you live. Good luck
What is my recourse when they simply drop you after 20+ years. We had $51,000 hail damage claim, a water freezing damage claim of $11,000 and a small $2500 claim....all in the last 4 yrs!!!
I believe it is their right to do that. My prior car insurance dropped me, for claims. I was so upset. But do get new insurance asap…. You do NOT want the mortgage company to force a policy. That will be more expensive for sure. Do this asap
I had a toilet overflow and went down it went all the way down the hallway into the bedrooms at the end of the hallway and I cleaned it up the best I could and I tried to plunge the toilet but I couldn't get it to plunge so somebody on a website came and helped me plunge it so they said I can't they can't pass the claim because I had somebody come and help me plug the toilet on my no that's not right because it wasn't a license plumber or anything it wasn't a professional you know what do you think? Also my washer went downstairs it started smoking and it overflowed into my bedroom all over my new lamin air wood flooring and I have a lot of bunch of stuff in that room that got water and mold on it now and you know I just got a new washer it broke like a month ago but I didn't have the money to get a washer right away actually I really wasn't planning on it so. I have a medical disease is why I have to make sure my washer is running cuz I got to keep everything sanitized they're going to keep washing my sheets and blankets and towels
Ok I emailed an insurance broker I know. This is her response your assigned, licensed adjuster, will need to provide you a copy of your policy, when denying your claim. And they should outline or reference what paragraph confirms his decision. Now, if you feel like your issue is not matching the issue he’s referencing, then there can be further discussion. What I’m thinking, in this case, is that he’s saying this is a case of poor workmanship, and that the water damage is because of the work the handyman did. Unless she can prove that the water damage was there first (like dated photos, or a work order or recorded call into the handyman where she says “I have water everywhere and need help resolving…” Technically, the order should be (1) assess/photos of damage, (2) call in claim, (3) wait for adjuster visit and permission to proceed with repairs. That adjuster should be able to come see the home in the damaged state, to confirm exactly what caused the damage. Now, obviously, there’s often some clean-up that has to occur, or even cutting out of soaked materials, but it should be minimal, and all materials should be kept in a bag, onsite, should the adjuster want to review it.
@@LoanWithJen yeah well if there's mold there that means it happened a while ago which it happens like a month or two ago and we cleaned it up but the guy that was staying in that room did not clean. And that's why there's mold damage. I guess it has to happen right away and then you call the adjuster well I can't let mole just sit there until they decide to come up and they said they weren't going to cover it because I couldn't tell him the guy's name that helped me plunge the toilet. It still wasn't working correctly anyway and he wasn't a licensed plumber
Thanks for your feedback. I did not intend to have viewers feel that way. Maybe watch again and bullet point what to ask an agent? I would get referrals to homeowners ins agents in your state. Ask friends or neighbors, and then use some of the tips in this video to know what questions to ask. Thanks for watching.
It certainly sounds like it is the easiest thing to do. I'd much rather have someone else figure it all out. I hate dealing with figuring out insurance every year.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
![Using Rental Income to Qualify for A Mortgage [Mortgage Qualification] | #LoanwithJen #rentalincome](http://i.ytimg.com/vi/kv0eXzl1YUo/mqdefault.jpg)
Thank you!
Thanks for watching Kay!
This should be standard issue viewing for anyone buying a new home, and for anyone looking to give advice in video format. You're clear, concise, and don't fluff up anything unnecessary, while still keeping a friendly and informal tone and pace. Thank you for sharing your knowledge with the world.
Thank you so much for the kind words. And you are welcome! I love sharing what I know, especially when I know it helps 😊
Geat info, first time buyer here. we purchased 2019, and we stayed loyal with the same insurer co. until the renewal was out of control!! we shopped around and switched to another Co, and it was $950 less than current policy. Its so worth it to shop around.
Hi Michael! Yes! Insurance rates are crazy, esp in Houston where I live because of floods etc. Definitely everyone should shop around each year about 2 mo before your renewal! Mark your calendars!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The guest was so informative. Thank you very much!
Great! Thanks for watching!
Loved loved loved this conversation and the simplicity of language used by the interviewee to explain complex home scenarios! Thank you for sharing the knowledge. Being a CA resident has its ups and downs like any other state. Here, insurance companies are fleeing due to the risk of wildfires.
Thank you so much for this feedback. THANK YOU for watching the channel. Stay save in those fires! How all is well
Great advice. I personally found out about the "roof" age and insurers. Travelers gave me a great price combining both home and auto, until they looked at the age of the roof. It's 18 years old, but 30 year architectural shingles. They will not insure a home now if the roof is older than 15 years period. This is for new customers. I was shocked. 😑
Thanks for watching! Insurance is just cra cra right now.
Thank you for the great interview and information on insurance. Also digging your intro theme, Jen!
You are welcome Silver! Thanks for watching!
I live in California. I recently got a non-renewal on my homeowners insurance. Been calling many insurances but they won't take me due to risk of brushfire in my area. Some say I have to get two policies. One with California fair plan just for fire coverage....close to 5k and then second policy for $1500 to cover water, liability and theft coverage. Too expensive. Not sure what to do.
Hi! I asked an insurance friend here in Texas had to answer your question and here’s what she said…. She’s not 100% sure about California, but that the best thing to do is to try several independent agents. She said that since brushfire insurance, there is equivalent to us here in Texas having to have wind coverage --which other words --it’s pretty much mandatory then it is a high possibility that you can only qualify for this as a separate policy and not mixed together with your regular homeowners. I hope that this helps you understand, but I would get some names from friends and family of different agents there in the California area.
Useful info - THANKS for the video.
I was almost thrown back when your guest said "FUNNER" (yes, it IS in the merriam-webster, but...) but glad we let it go.
Thanks for watching!
Great info. Thanks. Fausto Andrade - Realtor®
Hope it helps your clients! Thanks for reaching out!
I would like to asked you when someone home paid insurance home every year and one day have incident home was fire all so how home insurance responsible of that incident happened?
If there is a fire and you want the home insurance to help pay for the costs to repair the house, then you reach out to your insurance company and let them know there was a fire and you want to file a claim. You have to let the insurance company know you need their help. It might be worth it to compare the cost of repair vs. your deductible amount. If the amount to fix the problem is less than your deductible, you may or may not want to ask the company for assistance.
Great questions posed. Excellent information.
Glad it was helpful!
It pays to shop around & compare . One thing I want to point out is you don’t want to be under insured or over insured. Way back in 1974 when the super out break of. Tornados on April (3) of that yr some where under insured especially those in Xenia Ohio I don’t live far from there . Xenia was really destroyed by F 5 . Also be careful about filling too many clams. Having a home security system is a plus . & be sure to ask about discounts if you insure vehicle ,s with the same company they should give you a discount.
You are correct! That is why having an expert on your side, walking you through it is so worth it. It doesn't cost anything to get an agent's help, and in the long run can save you not only heartache but thousands! Thank you for taking the time to share your experience!
@@LoanWithJen you can Google the Xenia tornado. 1974 .
I live in PA the insurance is so high anyone should you suggest
I would shop with all the national carriers. That is what I did recently too. Each carrier has different rates in different cities. But Progressive, Geico, State Farm, Allstate Those are alot I see. I would talk to a broker in your area that can shop many different carriers.
Do have home insurance that cover the house only, no coverage content ? Same question for . TY
Hello Thank you for watching! There is insurance with no contents, I am sure. I am not a home owners agent, so be sure to talk to your agent about the differences in cost between exterior only, and then contents. Good luck to you!
This was a wonderful explanation of Homeowner's insurance. Please let me know the name and agency of the broker. Thank you for sharing this.
Here you go! www.legerinsurance.com/ Kathy Leger is amazing!
No, we're not losing interest. Quit cutting her off. She is a great guest.
I'm in the market after getting a 45% increase in homeowners (and expect a 30% in auto). Called another broker and she thought I was lucky to get a renewal and that she couldn't beat a 45% increase.
I think I should start an insurance company - the premium increases are insane.
Thanks for commenting Arthur. Appreciate the feedback- Wish you the best. Yea insurance is crazy. mine went up too, and i had to shop like 7 carriers. Finally landed with state farm. Insurance all over is nuts right now.
Any suggestions for homeowners insurance in California?
Thanks for the question! I would try to find a good Goosehead agent. They are nationwide. Also ask your friends who might have recommendations. Good luck!
I just saw im paying 5000 a year for my house .. I payed 1500 2 years ago its crazy I need help
Hi! Thanks for watching. You should shop for sure. Call 3 different agencies at a minimum. Try to get referrals in your local area. yes, insurance is nuts everyhwere, not sure where you live. Good luck
Wow!
Same in MA. Should be illegal to increase so much in one yr
What is my recourse when they simply drop you after 20+ years. We had $51,000 hail damage claim, a water freezing damage claim of $11,000 and a small $2500 claim....all in the last 4 yrs!!!
I believe it is their right to do that. My prior car insurance dropped me, for claims. I was so upset. But do get new insurance asap…. You do NOT want the mortgage company to force a policy. That will be more expensive for sure. Do this asap
I had a toilet overflow and went down it went all the way down the hallway into the bedrooms at the end of the hallway and I cleaned it up the best I could and I tried to plunge the toilet but I couldn't get it to plunge so somebody on a website came and helped me plunge it so they said I can't they can't pass the claim because I had somebody come and help me plug the toilet on my no that's not right because it wasn't a license plumber or anything it wasn't a professional you know what do you think? Also my washer went downstairs it started smoking and it overflowed into my bedroom all over my new lamin air wood flooring and I have a lot of bunch of stuff in that room that got water and mold on it now and you know I just got a new washer it broke like a month ago but I didn't have the money to get a washer right away actually I really wasn't planning on it so. I have a medical disease is why I have to make sure my washer is running cuz I got to keep everything sanitized they're going to keep washing my sheets and blankets and towels
Hi Bonnie! Sorry that happened to you! I’m not an insurance specialist. I’ll ask the question to someone who might know and comment back
Ok I emailed an insurance broker I know. This is her response
your assigned, licensed adjuster, will need to provide you a copy of your policy, when denying your claim. And they should outline or reference what paragraph confirms his decision.
Now, if you feel like your issue is not matching the issue he’s referencing, then there can be further discussion.
What I’m thinking, in this case, is that he’s saying this is a case of poor workmanship, and that the water damage is because of the work the handyman did. Unless she can prove that the water damage was there first (like dated photos, or a work order or recorded call into the handyman where she says “I have water everywhere and need help resolving…”
Technically, the order should be (1) assess/photos of damage, (2) call in claim, (3) wait for adjuster visit and permission to proceed with repairs.
That adjuster should be able to come see the home in the damaged state, to confirm exactly what caused the damage. Now, obviously, there’s often some clean-up that has to occur, or even cutting out of soaked materials, but it should be minimal, and all materials should be kept in a bag, onsite, should the adjuster want to review it.
@@LoanWithJen yeah well if there's mold there that means it happened a while ago which it happens like a month or two ago and we cleaned it up but the guy that was staying in that room did not clean. And that's why there's mold damage. I guess it has to happen right away and then you call the adjuster well I can't let mole just sit there until they decide to come up and they said they weren't going to cover it because I couldn't tell him the guy's name that helped me plunge the toilet. It still wasn't working correctly anyway and he wasn't a licensed plumber
Ok so this sounds like an ad for the blonde lady - just come to them. I still don’t know how to get a home insurance.
Thanks for your feedback. I did not intend to have viewers feel that way. Maybe watch again and bullet point what to ask an agent? I would get referrals to homeowners ins agents in your state. Ask friends or neighbors, and then use some of the tips in this video to know what questions to ask. Thanks for watching.
It certainly sounds like it is the easiest thing to do. I'd much rather have someone else figure it all out. I hate dealing with figuring out insurance every year.
Thanks for such a good and informative video about insurance!
Thanks for watching. Doing what I can to help people who find me.
I found out that my servicer is on my homeowners insurance and you're making me pay for it all
Yes, any claims are paid to you and mortgage company. You need to call them, send check to them so they can sign off on it.
And if I get a claim they got to sign off on it
Good luck Bonnie!
Good luck Bonnie!
God god 🎉
I know its crazy right now in insurance . THanks for watching
I don't think she got the chance to provide the 5 points she was asked about 😮
Thank you for this feedback!
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Thanks for watching!