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Given the recent hurricane and flooding disasters in the country, homeowners, real estate lenders, and insurers are giving flood insurance a lot of attention. There are some basic questions you should ask, and facts you should know about flood insurance, before making any real estate purchase. A great resource for any related questions is the government sponsored flood insurance website at www.floodsmart.gov.

First off- if you have a federally backed mortgage, you are required to have flood insurance in high-risk areas. Also, lenders may require flood insurance on real estate properties in high-risk areas. If it s not required, but the responsible thing to do in your area, here are the basics.

What Do You Get From Real Estate Flood Insurance?

Basic homeowner s insurance won t cover flood damage for real estate structural loss, furnaces, water heaters, air conditioning units, carpeting and flooring. Flood insurance does that. You can purchase additional flood insurance for furniture an (more...)

Long term care insurance coverage simply MUST be considered by everybody who can medically qualify for this important coverage.

Why? For starters here are 10 good reasons:

1. The odds: The odds of your needing long term care are overwhelming: The odds of requiring long term care in your lifetime have now risen to 70 percent. That means that seven out of 10 Americans will use their policies - This is a far greater risk than an auto accident or a house fire. Most people wouldn t even consider being without homeowners and auto insurance, but there are far too many people who are not yet protected with long term care insurance.

2. Longevity: Folks are living longer. There are now more people over the age of 100 than any other time in history. Yet, we still have no cure for Alzheimer s, Parkinson s disease, Multiple Sclerosis or many other illnesses that can cause a need for long term care.

3. Independence: No parent wants to ever be a burden on their kids, especially if their kids (more...)