@whatsamortgage_: Want to save money and avoid costly surprises as a homeowner? Here are 3 changes I would make to my homeowners insurance policy today: ✅ 1. Verify you have Replacement Cost Coverage, not Actual Cash Value. Most homeowners don’t know there’s a huge difference. Actual Cash Value factors in depreciation. For example, if your roof has a 20-year lifespan and gets damaged after 10 years, the insurance company may only pay for the remaining value of the roof. That means you could be responsible for thousands of dollars out of pocket. Replacement Cost Coverage helps pay to replace the damaged item at today’s cost. ✅ 2. Add Sewer and Water Backup Coverage. This is one of the most common claims homeowners face, and it’s typically not included in a standard homeowners policy. Tree roots can crack pipes, drains can back up, and sewer lines can fail. The problem is most homeowners don’t discover they aren’t covered until after the damage is done. Adding this coverage can be one of the cheapest and smartest upgrades you make. ✅ 3. Add Equipment Breakdown Coverage. Think HVAC systems, electrical panels, water heaters, appliances, and other major home systems. If they fail due to a mechanical or electrical breakdown, this coverage can help pay for repairs or replacement. In many cases, it costs only a few hundred dollars per year and could save you thousands. Owning a home isn’t just about buying it. it’s about protecting it. Take a few minutes to review your policy and ask your insurance agent about these coverages. A small change today could save you a lot of money tomorrow. Follow What’s A Mortgage for more homeowner, mortgage, and wealth-building tips. #HomeownersInsurance #HomeownerTips #WhatsAMortgage

Midlife Crisis with Eddie :

Bruh, do not file a home owners insurance claim for a water heater. You'd be better off with a Home Warranty for that sort of coverage and you don't have to worry about being dripped or premiums going up on your home owners insurance.

LiduvinaK :

OK, so what are the current best homeowners insurance companies for California homeowners and I don’t mean the fair plan that sucks

N I T A :

mortgage broker giving insurance advice without insurance license is wild.

Ashley Hendron :

Home warranties are a waste. They don't cover the majority of the expense and they send unlicensed individuals to your home. Or they send companies that have horrible reviews for the service and trying to get over on customers.

rudygman :

Sounds great if you want to pay $5k a month for it.

Jen Duprey :

Thank you

Alba :

I disagree I only agree wirh your 1st point the rest 😂😂

paula_rodriguez1834 :

great advice. thank you

Ms. J. :

My home insurance company denied my claim to replace my HVAC system because it had wear and tear damage not damages related to fire or destruction. I’m going to invest in a home warranty company that covers the entire cost of replacing the system.

Lorrie Burage :

k

Have a blessed day. :

Nashikan :

I need to change my home insurance….i have 10+ old roof? How do i get a better insurance… the current one refuses to pay for shit!

PeterRay 🇺🇸 🛑 🍊 👨 :

As a 34 year insurance agent, I stayed to tear this guy apart, but very sound advice.

Minh Le :

😁😁😁

sunshine.on.2 :

😂😂😂

Eric Shields :

💎💎💎💎💎💎💎

Apple pie :

🥰🥰🥰

tabboo9✨🧿✨ :

@InvincibleUnderdog

Rosalind L Pettis Co :

💯