This morning I met Mike Huckabee in the green room at Fox! He was really kind and gracious and nice to everyone from the tech people to the talent! A great contrast to the man I met on a previous show, a billionaire in the green room with an ego the size of Texas! You meet the good, the bad and the ugly.

Today’s show was a lot of fun and I’ve already received some questions from viewers. One of the most common questions has to do with Homeowners Policies. Most consumers have this paid by the bank as part of their mortgage payment, so when the policy renewal comes in they put it aside and say, “Oh, the bank pays this so I don’t have to worry about it.” Wrong.

It’s important to re-evaluate all your policies EACH YEAR (homeowners, auto, health, life) because you could be missing out on savings. It’s important to make sure you have your home insured for the actual cash value (ACV). So you need to make sure you have an RCV (replacement cost value) clause in your policy and be insured to value or you might find yourself with the inability to repair, replace or rebuild your home at full value in the event of a covered loss. Also, you insure the HOUSE not the DIRT. So if your home is valued at 300K, you won’t insure the house for that much!

Call you homeowners insurance policy broker, he’s the expert, and see if you can or should make adjustments to your coverage. Recently a client made that call and “for the SAME coverage” reduced his premiums by 30% because the insurance company had phased out his old policy but never told him! Ask your insurance broker for a quote for higher deductibles and any other discounts that you may qualify for.

For more tips, watch the Fox and Friends clip online!

Ellie Kay
America’s Family Financial Expert (R)

©2016-2020 Ellie Kay


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