Everything You Need to Know Before You Buy or Renew a Policy When buying a lakefront home, flood insurance often becomes part of the conversation—sometimes required, sometimes optional, but always worth understanding. Even if your dream home offers serene water views and peaceful surroundings, it’s essential to understand the risks that come with living near […]
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Tips on Buying a Vacation Home
A vacation home is a perfect way to relax and unwind. Are you considering purchasing a vacation home? If so, check out these tips to get you unwinding in no time! by James Shea, Media Lab. A vacation home is a perfect way to relax after a busy workweek or serve as a getaway for […]
Will My Dream Lakefront Home Require Flood Insurance?
About 15% of all lakefront properties will require flood insurance by the lender. This means that they have determined (through FEMA Flood Insurance Rate Maps) that the property sits in a flood zone. Flood insurance is not cheap and can cost anywhere from $500 per year to $5,000 per year. Here’s some facts about flood […]
What Does Flood Insurance Cover?
To understand what flood insurance covers, you need to know three things first: 1. Standard homeowners insurance doesn’t cover flood damage at all. It’ll cover some damage from rain, but if your home is filled with water as a result of rising bodies of lakes, rivers, streams, and oceans, it won’t cover you. 2. The most common […]
What Does it Really Cost to Own a Boat?
Costs to Expect as a New Boat Owner Boat ownership is surprisingly affordable. Yes, there are additional costs beyond the purchase price, but that’s true of any similar recreational vehicle, whether it’s a motorcycle, ATV, or RV. Here’s a rundown of what to expect. Registration — Like most motorized vehicles, a boat must be registered […]