My Homeowners Insurance Denied TWO Claims… Here's What Every Homeowner Should Know

🏡 Market Shares Rewind | Because great market insights don't expire 🏡I thought insurance covered this. Turns out, I was wrong.After 27 years in the mortgage industry and multiple home purchases, I thought I had a pretty good understanding of homeowners insurance. Then, within days of each other, I experienced two major home issues that I believed would be covered by my policy.A failed sump pump flooded my crawl space, destroyed my HVAC system, and resulted in an $18,000 replacement estimate. Then I discovered a leaking shower pan that had been causing hidden water damage behind the walls. The biggest surprise wasn't the repairs - it was learning that neither claim was covered by homeowners insurance.In this Rewind episode, I share what happened, what I learned, and why every homeowner, homebuyer, mortgage professional, and real estate agent should have a better understanding of what insurance actually covers - and what it doesn't.If you've ever assumed your insurance policy would protect you from costly home repairs, this is a conversation you need to hear.📌 Topics We CoverThe two home disasters that happened in the same weekHow a failed sump pump led to an $18,000 HVAC replacementHidden water damage from a leaking shower panWhy both homeowners insurance claims were deniedThe difference between maintenance issues and covered lossesWhat insurance companies mean by "sudden and accidental" damageCommon homeowners insurance misconceptionsWhy homeowners should have an emergency repair reserve fundWhat first-time homebuyers need to know before purchasing a homeWhy mortgage and real estate professionals should discuss these risks with clientsThe growing challenges facing the homeowners insurance industry🏡 I hope my experience helps you avoid the same costly surprise. If this episode changes the way you think about homeowners insurance, share it with another homeowner - they'll thank you later.🔔 Don’t miss out! Subscribe and stay ahead of the game with Market Shares.📌 Episodes drop every Friday at 10 AM PT!