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flood insurance

Q&A: Shake, rattle and … roll the dice without earthquake insurance?

August 7, 2024 By Liz Weston

Dear Liz: I live in Southern California and my homeowners insurance renews at the end of August. Should I consider buying earthquake insurance?

Answer: Insurance is meant to protect against catastrophic losses that we couldn’t easily pay out of pocket.

If you don’t have much equity in your home, or you’re willing to walk away from the equity you do have, then you can forgo earthquake insurance. Otherwise, you need the coverage.

The same is true for flood insurance, which is also not covered by the typical homeowners policy.

Filed Under: Insurance, Q&A Tagged With: earthquake, earthquake insurance, flood, flood insurance, homeowners insurance, homeownership

Monday’s need-to-know money news

March 1, 2021 By Liz Weston

Today’s top story: No flood insurance? Here’s how to get help. Also in the news: A new episode of the Smart Money podcast about saving on gas and 401(k) limits, 3 ways to get socially distanced tax prep help this year, and how to protect yourself from Facebook and Instagram ad scams.

No Flood Insurance? Here’s How to Get Help
You may be able to get assistance from the federal government or other sources.

Smart Money Podcast: Saving at the Pump and 401(k) limits
Tips on saving at the pump.

3 Ways to Get Socially Distanced Tax Prep This Year

Protect Yourself From Facebook and Instagram Ad Scams
People are always looking to scam.

Filed Under: Liz's Blog Tagged With: Facebook ad scams, flood insurance, gas prices, Smart Money podcast, tax prep

Tuesday’s need-to-know money news

September 26, 2017 By Liz Weston

Today’s top story: Confusion about overdraft coverage can cost you dearly. Also in the news: 3 reasons why college students need to submit the FAFSA every year, appealing your flood insurance claim denial, and opening a subaccount to save for an epic vacation.

Confusion About Overdraft Coverage Can Cost You Dearly
Don’t pay the bank for access to your own money.

3 Reasons College Students Need to Submit the FAFSA Every Year
Financial circumstances change.

Flood Insurance Claim Denied? Don’t Panic; Appeal
Take a deep breath.

Open a Subaccount to Save for That Epic Vacation
Get the details.

Filed Under: Liz's Blog Tagged With: banking, FAFSA, flood insurance, overdraft coverage, Savings, Student Loans, subaccounts

Monday’s need-to-know money news

August 28, 2017 By Liz Weston

Today’s top story: Millennial enthusiasm for stocks is at a record high. Also in the news: How to choose a financial advisor, why flood insurance comes with a waiting period, and how to survive college without surprise debt.

Millennial Enthusiasm for Stocks at Record High, Index Shows
Millennials play the market.

How to Choose a Financial Advisor
Making the wise choice.

Flood Insurance Comes With a Waiting Period
Don’t wait until the last minute.

How to graduate college without surprise debt
A most unpleasant surprise.

Filed Under: Liz's Blog Tagged With: college tuition, financial advisors, flood insurance, millennials, Stocks, student loan debt

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