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09.12.07 Declaration Page

MP3 Audio: 09.12.07 Declaration Page (0.89mb) Download

By: David Bach visit website

Genre: personal finance/

Tags: investing, millionaire, personal finance, real estate

David Bach's Finish Rich Minute is brought to you by Wells Fargo Home Mortgage, a division of Wells Fargo Bank N.A., Equal Housing Lender and founding sponsor of The Great American Homeowner Challenge TM.

Hi, this is David Bach.  An increasing amount of home insurers are now basing deductibles- especially for damage caused by natural events- on a percentage of the value of your home.  More than likely this means a higher out of pocket for you.  The Wall Street Journal recently confirmed that millions of homeowners are now being affected by this new policy.  How will you know if your deductible has changed?  My tip today: Call your insurance company and ask or at the very least read the "declarations page" that's included in your renewal notice that you receive in the mail. I'm David Bach.  For more information on smart homeownership, read my #1 bestseller, The Automatic Millionaire Homeowner and visit davidbach.com.

Visit davidbach.com for mortgage information and to find a branch near you.


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