Underinsured

Chances are you do not have enough insurance in place for a disaster like a house fire, flood, storm, etc. How do we know this? Watch our latest video to find out.

oh my God oh my God that was a lot that was very aggressive too aggressive too aggressive I’m still a lion hmm okay Diane and Randall bro here are coming to you from Prescott Arizona our lovely little Hometown I said I know what is wrong with us today what is in this stuff I’m really tired I’m really tired sorry everyone here with a uh a little warning for people yeah a neighbor of ours told us yeah within Insurance something never really thought about um so homes have appreciated a lot since covid uh we had back to pack 30 appreciation for the two covid years and uh so that means people here and people around the nation now own homes that were worth a whole lot more than they did before that’s right yay for them yeah and so it’s very important to re-examine and talk to your insurance agent about the value of your home and more importantly the replacement cost of your house yes with these new appreciated values what used to be maybe I’m just making this up 400 000 to rebuild your home if it burned down yeah could now be 800 800 000. so it’s very important um with this appreciation recheck all of your values because if your house burns down or gets flooded or this that the other is completely destroyed you’re not gonna get it you’re not going to be able to yeah replace the home and rebuild in in the fashion that you had so I I think he cited a statistic I think it was like two-thirds of America American money owners so are you out underinsured have we done this no we haven’t done this so you see we haven’t even do what we do do what we say that’s right yeah don’t do what we do we will we’re in the process we do have to do this for sure do this for sure but it was an eye-opener when he said that and nobody wants to find out the hard way when you’re in the middle of a terrible crisis yeah and so if uh you know it might get pricey insurance is particularly pricey in a number of areas around the country uh to reduce the uh the premium if you just you know up the value of the uh the benefit uh your premiums are going to go way up one way to battle that is to up your deductible uh you’re much better off you know uh in ensuring your home for the full value and raise the deductible five thousand ten thousand dollars then to continue to pay the lower premiums and have a value Gap so that’s right so you might want to put out a little bit more uh in your um in your kitty in your kit you know because teapot that’s still going to be a lot cheaper than having to find an extra 300 400 Grand to rebuild um so anyway keep all of that in mind so just something we thought was very interesting and something it is on our to-do list maybe one day it is if it’s on the to-do list we’re gonna get there don’t follow our example at all but we do want to share this because we thought wow what a great Point yeah we’re so glad he shared that with us and so we thought this is something our clients and folks out there need to know yeah absolutely call your agent have them look at your policy yeah look at where you’re valued now and make any necessary adjustments and if you’re having trouble figuring out what the value should be I mean your insurance insurance agent might be able to do that but then again that’s kind of given your insurance agent efficient license I don’t know what my home’s value how much rooms are two billion dollars so uh anyway if you if you uh if you want an unbiased valuation in your home just uh hit us up and I’ll do that we’ll try to help you out okay so that is a very important tip from Diana Randall bro coming to you your favorite Realtors local Realtors you are our favorite real tires that’s right we are your friends that’s right Some People Like Us kind of like a pug yeah just don’t give up and we can be in a choir taste that’s why I get it that’s fine I don’t need to win them all you know what I mean I just need to name racing tens that’s right so anyway give us a call we’d be happy to help you find a home answer a lot of questions help you as you think about make possibly moving to a new area we did it we’re here Seven Years love it no looking back that’s right happy to guide you refer you to some good insurance companies as well so uh if you need any other information you can go to medical411.com that’s our free information site whether you’re a buyer seller or somewhere in between there is something there waiting for you that will Amaze astound and inform you and tickle your funny book maybe or whatever whatever you want tickled I guess we’ll take away okay that’s yeah whatever will make you laugh how about that okay yeah it’s all getting weird now but anyway so we’d love to hear from you we’d love to help you in your next steps and share more helpful tips with you absolutely so give us a call we’re at 713-302-1964 take care and have a great rest of your day bye bye