With the tragic fire that occurred in Lahaina, Maui, hurricanes ripping through Florida yearly, and now the devastating Southern California fires, it’s important to review your home insurance policy and understand what it does and does not cover. You also need to have contingency plans in case your house burns down.

If you have not done so already, call your home insurance company to review your coverage details. You don’t want to be caught underinsured in case the worst happens.

In 2017, a Financial Samurai reader named EJ lost his home to the Tubbs Fire in Northern California. The fire was started by a private electrical system that ended up destroying 5,643 structures.

Luckily, he and his family were not hurt. I asked him to share his experience as well as what he learned dealing with the home insurance company.

A Fire That Came Out Of Nowhere

Keep reading this article on Financial Samurai.

Leave a Reply