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In this week’s Conarchy’s Corner (length: 8 minutes) Ed Conarchy wants to know if you felt the shake, rattle and roll of the 3.8 magnitude earthquake in Northern Illinois at 3:59am Wednesday. It’s a good time then to remind you that your standard homeowners insurance policy does not protect you from many things, including earthquakes. [...]
Posts under ‘Insurance’
What Your Home Insurance Does Not Cover
Vital Info about Mortgage Escrow Accounts
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In this week’s Conarchy’s Corner (length: 8 minutes) Ed Conarchy has very important information concerning mortgage escrow accounts that you need to hear. This time of year escrow accounts are reviewed and changed by mortgage companies. Learn how they do it. Most importantly: Ed shares a secret tip to save you money each month on [...]
A Mortgage Is Not a Loan Against Your Home
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In this week’s Conarchy’s Corner (length: 9 minutes) Ed Conarchy may surprise you when he enlightens you that a mortgage is not a loan against your home. What? Yes, that’s right; it’s actually a loan against your income and credit. It has become virtually impossible now a days to obtain [...]
Is your money all FDIC insured?
The failure of IndyMac Bank gives a timely lesson in protecting assets. Ed Conarchy discusses one reported case and how not making all the right moves left a bank client’s deposits largely at risk. FDIC EDIE calculator: http://www.fdic.gov/EDIE/index.html
Update: Oct. 10, 2008 FDIC limit officially raised from $100,000 to $250,000
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Watching equity wash away
A 500-year flood covers a wide swath through Iowa and other Midwest areas experience critical flooding. Ed Conarchy discusses new articles pointing to the need to review insurance coverage and assess the safety of your equity.
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