Tornadoes: Is Your Home Protected?

Sadly, many Americans in the last couple of months have experienced the devastation of a tornado, including those here in Georgia.  As we all know, so many things destroyed by a tornado cannot be replaced but your home should not be one of those things.

DO YOU OWN AN EMPTY HOME? Here’s What You Need to Know

Are you selling a home or trying to rent a home that has been vacant for more than a few days?  Although I am sure you have insurance, you may still be unknowingly at risk.  Many homeowner policies have a “vacancy clause” that is triggered by the home being empty for an extended period of time that will cause homeowners to not be as protected in times of need, warns the National Association of Insurance Commissioners. 

Has This Home Been Damaged? Website to Check

Now, more than ever, before buying a home, you may wonder, “Has this home been flooded or incurred some other form of damage?”.   Caveat emptor or “buyer beware” is paramount in this real estate market.  You can ask the Seller but what if they don’t know the full history or have “selective memory”, this is especially true if you are buying a home that has been foreclosed on from a bank.  There is another option - before you buy real estate, you should also check the Comprehensive Loss Underwriting Exchange (CLUE) report.