Personal Finance Resources

Recently, there was a major storm that came through our area, and delivered baseball size hail to our property. Yes, I said baseball size hail. It was a serious storm cell that produced a tornado about 15-20 miles south of us. Now, our house is somewhat protected by two massive live oak trees, but even with those trees over us, we still had hail hitting our roof. Now, I don’t know what to look for in hail damage (unless it is so obvious that shingles have been torn off the roof, or there are giant holes in the roof, etc), but I did see some of the shingles on our main roof had curled up corners.

Now I think a lot of people might have just disregarded this, and considered that the roof was fine, and no need to call the insurance company. But knowing the preexisting conditions of certain areas of our roof, combined with the recent storm, I felt compelled to ask for an adjuster to come out and look at the roof. Now, I know what you are thinking here, that I just made up a bunch of stuff about the roof and blamed it all on the recent storm. That is just not true. When I was asked questions about leaks into the house, etc. I was completely honest and mentioned that there were previous problems with the roof.

Even if a person is a good liar, these insurance adjusters are not idiots. You aren’t going to convince them that they are wrong. So I had the adjuster come out, and concluded that there was significant damage to the roof, and he came up with an estimated cost to repair, less our deductible, and we are waiting on the first check.

What to Do When Considering to File a Claim with Your Home Owner’s Insurance 

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AD&D Insurance, also called Accidental Death and Dismemberment Insurance, is additional insurance which provides benefits for certain injuries and death due to an accident.  It is designed to pay out a large financial benefit to you in the event of a dismemberment (which can include either loss of limb or of sight), or to pay your beneficiary in the cause of an accidental death. AD&D Insurance is typically provided at no cost for some regular life insurance policies, and some companies provide an AD&D Insurance policy to their employees at no additional cost.  If you are a younger family or couple, than it is ideal to look into, as younger people are more likely to die from accidents than from natural causes.

Benefits

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A personal umbrella insurance policy, simply defined, is your protection in case you are ever involved in a high-dollar liability case. It’s the word that everyone fears, lawsuit. People and lawyers are suing for nearly everything today, and juries are awarding more and more money to the injured. That money comes from somewhere, and unless you have an extra five million laying around, a ruling in the 7 digit range can be financially devastating to you and your family. A Personal Umbrella Insurance Policy has been created to help you avoid such situations.

Do I Need A Personal Umbrella Insurance Policy?

While you may not ever see yourself accidentally rear ending a school bus on your way to work one morning, you may be able to imagine the millions of dollars you could be sued for if one or many of those children are injured. Accidents can happen frequently, and with so many people suing for these accidents, it is best to be prepared in the event one of these happens to you. What if someone gets hurt on your property, and sues you for it? Going out to the lake with some friends? What happens if someone gets hurt while in your boat or on your jet ski? You could be found negligent and be forced to pay. The fact is that even though you can’t keep these accidents from happening, you will be financially responsible for them.

Additional Personal Umbrella Insurance Policy Details

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