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September 2018
Lyon Real Estate
 
 
 
 
What you need to know about insuring your home
 



It’s estimated that two-thirds of the homes in the U.S. are underinsured – one of the biggest financial mistakes a homeowner can make. Most homeowners don’t realize how common – and expensive – property damage can be.

Included below are 6 things every homeowner should know:

You may be underinsured. Many homeowners choose to insure their home for the amount it would sell for on the open market, but that figure can be far less than the actual cost to rebuild – especially if you live in an older home.

There are two primary types of homeowners insurance. A “named perils policy” provides you with insurance coverage for any damage or destruction caused by the specific perils named in the policy. An “open-perils policy” covers you for any and all losses – unless the cause is specifically excluded in the policy.

Discounts are available. Some insurers will offer a discount if you strengthen your structure against earthquakes or high winds, install a security system, or even just add more deadbolts and smoke alarms. Insuring other possessions (car, boat, motorcycle, plane, business, etc.) with the same insurance company can also save you money.

Ask what’s not covered. Most homeowner insurance policies do not cover earthquakes, landslides, windstorms, floods, and even nasty sewer backups. If you want to be protected from those potential disasters, you’ll need to request extra coverage.

Calculate your need for liability coverage. To determine how much liability coverage you need (the part of your homeowners insurance that pays for damages you cause to others), add up all your assets (bank accounts, home equity, cars and other valuables), then subtract your liabilities and debts (loans, credit card balances, etc.).

Regular check-ups are important. Every year or two, you should meet with your agent and reassess the basics of your insurance plan. Be sure and communicate new purchases or home-improvements.

For a referral to my recommended resource for homeowners insurance, contact me today.

 
 
 
 
Featured Properties
 
 
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Traditional East-Coast-style home with manicured yard. 6-7 Bedrooms, 4 full and 2 half baths. Approx. 4772 sq. ft. on 2.53 acres. Two ground-floor master suites! Kitchen updated with beautiful granite counters. Exquisitely detailed wood trims.Formal dining room w/built-ins. Lots of outdoor entertaining with a full deck and patio by a beautiful pool. Huge rec room downstairs with bonus workroom & office. Storage! Perfect for multi-generational living-the Waltons could live here! Ea...

 
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545 Conifer Lane
$597,500
 
545 Conifer Lane, Auburn CA
 

WOW! Built for entertainment! Spacious decks for outdoor enjoyment.The orig. owner developed all of Conifer Ln. so that he could have this building site for his own! You'll feel like you're living at an event center, it is such a parklike setting! If you love wood, you must see this home. Viking entry door. Massive timbers from the old Foresthill Lumber Mill give the home a lodge-like feeling.Approx 2212 Sq. Ft. on 3.1 acres.Be the one to take this unique home to the next level!

 
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0 River Woods Drive
$250,000
 
0 River Woods Drive, Auburn CA
 

Incredible opportunity to own this amazing stream property on 1.1 acres with level building site and underground utilities! This property is in a quiet enclave of upscale homes on a cul-de-sac at the end of River Woods Dr. Build on the left of the road, and create your recreational area on the right side of the road by the stream.

 
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LINDA LOGOTETA
Experience • Results
 
LINDA LOGOTETA Direct
(530) 913-7265

Cal BRE#
00689245

Designations
CRS,  GRI

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Have used many different realtors, here, and other counties as I have and do own several properties. I felt she gave it her all regardless of the small amount of commission she would make as the price of this property was not very much. Very impressed with everything she had to deal with in regards to this sale. I will use Linda Logoteta for all future sales in the county. She made many suggestions on how to improve the chances of the sale of the property which I hadn't thought of, and I have to say, it worked! Thank you, Linda Logoteta, as I am very happy not to own this property anymore. -Sue Ghilotti, Colfax
 
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Auburn, CA 95603
(530) 888-1928
 
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