New, Old, and Vacant

This was originally published in the Lynn Haven Ledger as part of The Rebecca Series for insurance

Rebecca couldn’t believe how much stuff she and the kids had gotten rid of in order to move into their new, snug little home. What she thought would take only a couple of weeks, actually took more like two months to sort through years and years of memories and paperwork and toys. She found herself losing track of time as she opened up box after box of photos showing happier days and fun times when they were all together.

But it was finally done, and they were settling in just fine.

The home she and Roger had had together was built in the sixties, and in need of a face lift, so to speak, so Rebecca had given her Uncle Dan a call. Her Uncle Dan was a real estate investor from way back. He showed up on her doorstep in his favorite red pick-up, took a look at the house, and made her an offer. She knew it was generous, and she wasn’t about to turn it down.

“I’m going to update some things in here, sweetie, and then rent it out,” Uncle Dan informed her as he poked into each and every room and closet and crevice. “When I get done with this one, you’ll hardly recognize it, Rebecca. I know just what most renters are looking for, and I’ll make it nice and comfortable,” he said with an uncharacteristic gentleness to his voice.

“Well then, Uncle Dan, just make sure you call Audrey, my insurance agent, ok?”

“Sure thing, Rebecca. I prefer to work with someone who already knows the property.” And that’s what Rebecca’s Uncle Dan did.

Audrey, who had been Rebecca’s insurance agent for some years, explained to Dan what kind of policy he needed and why.

“Most carriers won’t insure your house if it’s vacant,” she informed him, “because the risk is too high.” But Audrey had a couple of carriers she worked with who would. So she plugged in the information on the house – its age, size, location, construction – and picked the best price for him. She made sure to include some generous liability coverage, and replacement cost on the structure. One of the nice things about her favorite vacant property insurer, was that you didn’t have to pay for a whole year. Audrey could write Uncle Dan a policy for only 1 month, if that’s all he was going to need, or any number of months up to one year. The flexibility made this particular product very affordable.

“Once you have all the updates done, and you have a renter lined up, let me know,” Audrey said, “because then we need to switch this to a Landlord policy since your coverage needs will have changed.”

Rebecca’s Uncle Dan was appreciative of how easy it was to work with Audrey, and how knowledgeable she was about the types of coverages and carriers out there.

In fact, he was so pleased with her expertise, he decided to move all of his properties to her agency. He had one house that had actually been vacant for a couple of months already. His renter had broken their lease and moved out early, and he had decided it was a perfect time to replace some flooring and repaint, plus update some of the fixtures and faucets. After his initial conversation with Audrey, he realized he needed a vacant policy instead of the Landlord policy he currently had, so Audrey helped him switch it over to the right policy.

That evening, relaxing in her easy chair cradling a cup of her favorite tea, Rebecca let me mind wander over the past couple of months. She still missed Roger every day, but she was also pleased at the progress she and the kids were making.

Building a new life. Living a new story. But never forgetting the husband who had helped shape her into the strong woman she was.

The House Hunt

This was originally published in the Lynn Haven Ledger as the second installment in The Rebecca Series for insurance

Rebecca couldn’t believe this was happening. First, her husband dies unexpectedly with no life insurance in place, and now she is going to lose their home. How can she tell Derek and Suzanne? It will break their hearts. This has been their home since they were born. Rebecca still remembers bringing them home from the hospital and placing them gently in their new cribs.

Nevertheless, reality was reality. She clicked through the emailed listings her real estate agent friend had sent her as her eyes filled with tears and spilled silently down her face. Some days her brain just seemed to spin around and around without going anywhere. She had a hard time focusing on everyday tasks.

The bills kept coming, but with just her income now, they were becoming too much for her to deal with. The last batch of overdue notices taunted her from their place on the corner of Roger’s desk. It didn’t matter how many times she looked at them, she still couldn’t pay them. At least not yet.

Rebecca took a deep breath and squared her shoulders.

There were three houses in the list that interested her. The houses were cute, but smaller than their current home, didn’t have a garage, and not much of a yard, but they looked affordable. That’s what mattered now.

Rebecca called her insurance agent and tearfully explained what was going on. Her agent was very helpful and understanding and gave her some excellent advice. So she and her real estate agent walked through the top three candidates and gave her insurance agent the addresses.

The first home was built in the nineteen fifties, but had tons of updates and was really cute! The second one was almost brand new, but it was pretty small and the yard was teeny tiny. The third house was bigger than the other two, but it was not really Rebecca’s style. She had never been a fan of those square box-like houses.

Armed with this basic information her insurance agent did a bit of investigative work and put together some quotes for Rebecca.

Wow, there was quite a big difference between them! Rebecca was so surprised. Her insurance agent explained the main reasons why the premiums varied so much.

Older homes are usually more expensive than newer ones
Hip roofs give you credits where gable roofs don’t
Concrete block will cost you less than a frame home
And newer roofs with permits pulled and at least hurricane clips will save you lots of money.

Then her insurance agent also talked to her about flood insurance. How that, no matter what flood zone you’re in, you should always have it because your homeowner’s policy doesn’t cover it.

“Your homeowner’s insurance covers wind and hurricane, but not flood, my dear. Flood is ‘rising water’ and you always need a separate policy for that”, her insurance agent informed her.

One of the homes on her short list was in a Special Flood Hazard Area, which meant her lender would require flood insurance, but with an Elevation Certificate, and depending on how high above the base flood elevation it was built, the premium might not be a lot.

Armed with all of this helpful information and insurance quotes, Rebecca, feeling stronger than she had for months, made her decision, put in her offer, and waited for it to be accepted.

Change, so often, is hard. And when it’s necessitated by the death of a loved one, it can seem like an insurmountable problem.   But when you have professionals who not only know their industry and products well, but care about their customers, they can make the transition just a little less stressful.