Vanguard Claims Administration’s Post

Home rebuilding costs can vary based on many factors, from the type of exterior wall construction to the number of bathrooms. Here are some important factors that impact costs. #pcclaims #insurance https://lnkd.in/e4NKdJfw

We’re here to help you get the protection you need—whether you own or rent a single-family home, condo, townhouse, manufactured home, or mobile home. #HomeInsurance #PersonalRisk #McGriff

🏡 The one big mistake homeowners make and how to solve it 🏡   Could your home be UNDERINSURED ?   Did you know that many people mistakenly insure their homes for the market value instead of the cost of rebuilding them?   Underinsuring a property is the number one home insurance mistake we see again and again.   Almost half of the homeowners we help with insurance claims with have left money on the table by underinsuring their property - by as much as 60%.   This mistake could leave you seriously out of pocket in case of a claim.   Imagine your home suffers unexpected damage. You call your insurance provider to find out—you are not covered for the total value of the damage. Your payout doesn't cover the cost of restoring your property, and you're facing a massive financial gap.   It's a common issue that could cost you tens of thousands of euros.   ******You can avoid this pitfall with these simple steps! ******   To make sure your insurance covers your home's true rebuild cost, log in to https://lnkd.in/eVrYhaZB and follow these simple steps. 1. Measure your home in metres or take the measurements from your house plans. Start by calculating the total internal area of your property. For multi-storey houses, add up the areas for each floor separately. This gives you the total square meter area of your home. 2. Enter your total floor area into the SCSI calculator, choosing your house type and region. 3. Include extras like garages, higher-end kitchen fittings, or additional outbuildings (like studios or offices). Simply follow the prompts. Now, you have an accurate current value for the cost of rebuilding your home ie Building Sum Insured. Alert your insurance company straight away if you need to increase the value of Building Sum Insured.   Don't fall into the trap of underinsuring to save on premium costs—this is a false economy, and can cost you dearly in the long run.   Protect your home and your peace of mind!   #HomeInsurance #UnderInsurance #LossAssessor _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ When you need help navigating an insurance policy, we'll step in to advocate on your behalf. 056 7801259 | 086 6655155 |info@mpic.ie

Under insurance is the main issue we encounter in settling insurance claims. You can avoid it by following the steps listed below. https://lnkd.in/evYWBFfy

Maximize You🏠 Professional Insight: Adapting to Rising Construction Costs in Real Estate 📈 In my latest video, I discuss the critical need for homeowners to re-evaluate their property values, especially with the recent surge in construction costs. This is vital information for anyone in the real estate market, whether you're buying, selling, or renovating. 👉 Watch the full video for in-depth analysis and practical advice on keeping up with market changes. #RealEstateExpertise #MarketAnalysis #HomeValue #ConstructionCosts #CharlotteRealEstate #CarinMillerPropertiesr Home Insurance Coverage with Proper Updates

Are you dreaming of a luxurious home renovation? Update your homeowners insurance to reflect the new value and protect against potential mishaps during construction. Learn more here: https://lnkd.in/dhYdufPU #LouAggetta #PleasantHill #PleasantHillCalifornia #PleasantHillInsurance #California #CaliforniaInsurance #PersonalInsurance #HomeRenovation #HomeownersInsurance

✅ New construction homes: Lower insurance costs & builder warranties? 🙌 But beware of limited customization options, potential location downsides, and unpredictable timelines. 🤔 #topagentteamflorida #newconstruction #homebuying #prosandcons #realestate #homesweethome #knowbeforeyoubuy

Are you planning a remodel? Remodeling your home can be a sound investment. Generally speaking, most renovations and major upgrades will increase the overall value of the property. To protect your investment both during construction and after it’s completed, though, you may need to purchase additional home insurance. Here's what all property owners should know about covering remodels: https://lnkd.in/eyjncC5G #Insurance #Remodel #TN

If you're ready to buy a home, it's important to plan for the typical costs that come with it. While your down payment is probably top of mind, don’t forget about closing costs. These are additional fees you’ll need to pay when finalizing the purchase, and they can range between 2-5% of the home price. Closing costs can include things like: Loan fees Appraisal and inspection costs Title insurance Homeowners insurance Attorney fees Remember, costs vary based on location and home price. To help lower these costs, you can: Negotiate with the seller to cover some of them Shop around for better home insurance rates Look into closing cost assistance programs Planning ahead ensures you won’t be caught off guard by these expenses. For more guidance, let's team up. Lori Olson - Luxury TriValley Real Estate Broker 510-541-0572 DRE 02004247 #timmcguireteam #owntrivalley #trivalleyrealestate #loriolsonrealestate

Unexpected home expenses can catch you off guard... Here are three practical ways to ensure you're financially prepared for any curveball: 1) Build a safety net. Setting aside a small amount each month, even as little as $50, creates a financial cushion for those unforeseen home-related challenges. Set up an auto-draft to a high yield savings account (HYSA) and earn some interest while you save! 2) Review your insurance. Approximately two out of every three homes in America are underinsured. Take the time to review your homeowners insurance to ensure it adequately covers your needs. 3) Plan for replacements. Understand the remaining lifespan of major items like your roof, water heater, and appliances. This allows you to budget for future replacements, preventing unexpected financial strain. Source: Underinsured Home Insurance FAQ - Nationwide. 🏘️ #mariesellshomes⁠ #realtor #parealtor #homebuyer #realestate #phillyrealestate #phoenixville #chestercounty #montgomerycounty #mainlinehomes #collegeville #phillysuburbs #phillyrealtor #interiordesign #luxuryrealestate #listingagent #buyersagent #sellingagent