LibertyGal on Nostr: I'm not against money in a house (I have a paid off house), but I also have BTC. As ...
I'm not against money in a house (I have a paid off house), but I also have BTC. As much as I believe in BTC, I like to diversify and not have all of my savings in BTC, even if I have a decent amount.
When people are shopping for insurance, it is very important to talk to people who have put in claims. I had hot water heat pipes freeze and flood my downstairs. I spent almost a year fighting with insurance because they only wanted to pay 50% of the cost of repairs. We finally had to hire a lawyer and got them to settle and pay 90% of the repairs. As soon as we cashed the check, we switched insurance companies. Ten days later, a wind fueled grass fire vaporized our house. In barely over a month, we had a year's rent, the cost to rebuild the house and barn, and even payments for lost trees. When we added in the previous settlement, we ended up with a better house and a paid off house, so everything worked out very well for us. People need to really do their research when buying insurance. The lowest cost likely isn't the best deal, especially if you need to put in a claim.
When people are shopping for insurance, it is very important to talk to people who have put in claims. I had hot water heat pipes freeze and flood my downstairs. I spent almost a year fighting with insurance because they only wanted to pay 50% of the cost of repairs. We finally had to hire a lawyer and got them to settle and pay 90% of the repairs. As soon as we cashed the check, we switched insurance companies. Ten days later, a wind fueled grass fire vaporized our house. In barely over a month, we had a year's rent, the cost to rebuild the house and barn, and even payments for lost trees. When we added in the previous settlement, we ended up with a better house and a paid off house, so everything worked out very well for us. People need to really do their research when buying insurance. The lowest cost likely isn't the best deal, especially if you need to put in a claim.