Krista Klein Mortgages November Newsletter 2021 Edition #72 (Is Your Home Properly Insured and How I Saved my Client up to $25,000 in Mortgage Interest)

Krista Klein - Mortgage Broker

Powered by Pacific West Mortgages & Mortgage Architects

krista@kristakleinmortgages.ca
604 618 2017
http://www.kristakleinmortgages.ca

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Red Cross: What to do During and After Flooding

 

It’s been a difficult few weeks for British Columbians who experienced flooding, landslides and severe weather. The Red Cross is working with local authorities and community leadership to provide support where requested. We’re inspired to see so many people helping out neighbours and stranded travellers in communities across the province. We wanted to share some additional tips to help you stay safe during and after flooding. During

-Listen to area radio and television stations for possible flood warnings and reports of flooding in progress.

-Be prepared to evacuate at a moment’s notice.

-When an evacuation order is issued for their area, people must head to the nearest reception centre and not return home until they are advised by local authorities it is safe to do so.

-Turn around – don’t drown! Avoid walking and driving through flooded waters. They could be deeper than you think.

-Keep children and pets away from flood water.

-Be especially cautious at night when it is harder to recognize flood danger.

-Be alert for further instructions from officials and community leaders - listen to the radio, watch your local news channels, and/or follow your local news outlet and/or emergency officials on social media.

-Do not return home until you are advised it is safe to do so.

-Contact your insurance company and let them know what happened. They will want to know a record of damage to your home and belongings and may request photos or video. -Maintain good hygiene during flood cleanup by minimizing contact with floodwater or anything that may have come in contact with it.

-Wear protective clothing, including rubber boots or sturdy boots, safety glasses, a hard hat, rubber gloves and a dust mask.

-Do not use water that could be contaminated.

-Discard any food items which may have been in contact with floodwaters. When in doubt, throw it out!

-Do not use any appliances, heating, pressure, or sewage system until electrical components are dry and have been inspected by a qualified electrician.

-Check with local authorities or community leaders on how to properly dispose of damaged items from your home

Experiencing a disaster is challenging enough, but during the COVID-19 pandemic it can feel even more difficult. The Red Cross has many resources available to help you navigate these challenging times. You can also find mental and emotional wellbeing resources here: https://www.redcross.ca/how-we-help/emergencies-and-disasters-in-canada/get-help-disaster-relief-and-recovery/coping-with-crisis



What is Your Mortgage Rate? How I am Saving My client up to $25,000 in interest payments.

 

I am having the 'rate' conversation more and more these days.

-Should I choose fix or variable?

-Does it make sense to break my fix rate and switch to variable? 

-Should I choose a way higher fix rate because I am scared of prime going up? 

How I like to answer this question is by using math. Here is a live case study I just completed for my client. Their current rate is 2.79% fixed and intimidated by the idea of going variable. 

Watch the video here to see how switching to variable makes sense and will save them HUGE in the long run. Fix vs Variable Interest Savings Video



Time Travel Back to the 1930's in Vancouver - Amazing Video

 

Someone put together an amazing video of what it would be like going through Vancouver in the 1930's.  

Here is the link: https://www.facebook.com/groups/128486813979056/posts/1941950642632655/



Flood Insurance: Do You Know If You Have it?

 

Is your property properly insured? Do you know what to even ask for when you speak to an insurance provider? I know MANY people simply look at the cost of the insurance premium without truly understanding what they are even insured for. I'm guilty of this myself. 

Unless you are in the insurance business, it's hard to even know what questions to ask when purchasing insurance. 

Overland Flood Insurance: What is it? Read Here

This Market Place episode is a much-watch. CBC Market Place Insurance Episode



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