Many retirees are becoming nervous about the cost of homeowners insurance and what that means for their future spending. How much protection does insurance provide and what should clients keep an eye out for when it comes to additional costs?
In this episode, Ken New is joined by Frank Hanrahan, Managing Director of RISK Strategies, to discuss homeowners insurance with a focus on retirees. Frank provides insight into the types of coverage and information many don’t think about when submitting a claim.
- How Florida differs from other states when it comes to insurance coverage
- Examples of insurance scams that end up costing consumers more than they gain
- The biggest challenges with older homes with getting protection and coverage
- Why insurance companies may not pay the entire amount needed for repairs that are up to building codes
- And more