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All UFCU locations will be closed Monday, October 14, 2024, in observance of the Federal Holiday and Indigenous People’s Day. We will resume normal hours October 15.
In an unpredictable world, your financial future can be affected by what’s in your homeowners insurance policy. Learn its components and discover our tips on each.
Home insurance is a necessity for any home with a mortgage. But just as every home is unique, insurance policies are not one-size-fits-all. How can you make sure that your policy includes what you’ll need to protect the people, property, and possessions you care about? You’ve got to read the policy or get a licensed insurance agent to. Here are some recommendations to help you understand your policy better.
Understand these common industry-related terms that you’ll likely see in your policy:
The time to acquaint yourself with your policy is now — before you need it. No one plans on experiencing damage to their home or facing a liability lawsuit.
Luckily, you’re not alone. UFCU’s wholly owned subsidiary, UFCU Insurance Services®, can review your homeowners policy and suggest areas to supplement or safely reduce coverage. They can also help you find a policy that balances main and additional coverages within your budget. They’re available for a quick call whenever you make a large purchase or remodel that could change your coverage needs.
It’s a good idea to review your policy regularly — your financial health may depend on it.
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