Daily Juice 087 – Fire insurance

Daily Juice 087 – Fire insurance

Finally coming to the end of Risk Management discussion and the last on my list is Fire insurance coverage.

Interesting fact: From electrical issues to candle mishaps, the National Fire Protection Association reports an average of 357,000 residential fires each year.

You need to understand what your current homeowner’s policy covers. Most policies provide basic coverage. However, there are many different providers and policies, and therefore a variety of coverage limits, deductibles and exclusions defining what is and is not covered.

Most policies cover up to 50% of structural damage and personal property. This also depends on the type of policy and deductible.

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Anna Sergunina
Anna Sergunina
anna@mainstreetplanning.com

I'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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