WHEN WAS THE LAST TIME YOU CHECKED YOUR HOME INSURANCE'S COVERAGE?
DON'T KNOCK ON WOOD! I am sure you have heard that the price of lumber has gone up quite a bit recently. But what you might not have heard is that it might affect you — even if you do not plan to do any home renovation projects because some projects are unplanned! You never know when something might happen to your home, which is why you pay for homeowners insurance. Many people choose their coverage when they buy their house, then never go back and review it. They knock on wood that their insurance coverage will take care of whatever might happen. But with lumber prices soaring, simply knocking on wood could be a costly mistake, even more, expensive than the wood you knock on. Depending on the insurance coverage you chose might not cover the increased cost in lumber (or other building materials and appliances). So here is a friendly reminder to reach out to your insurance agent and ask whether your coverage is adequate in today's market. (Inspiration from Mike Bell of The Lig...