On this episode, Mike talks with Jim Kelley with Kelley Insurance Agency. The conversation revolved around home insurance coverage and exclusions, with a focus on California. Mike and Jim discussed the importance of having an agent for insurance coverage and updating policies to reflect current dwelling coverage limits. They also highlighted the benefits of installing safety features such as fire and burglar alarms, water sprinkler systems, and new roofs, which can lead to discounts on premiums and help claim adjusters process claims more efficiently.

Highlights:

Homeowner insurance, deductibles, claims, and agents. (9:32)

California's insurance industry challenges and the role of the California FAIR Plan. (25:46)

California's insurance industry and premium increases. (34:02)

Follow Dina:

https://agents.farmers.com/ca/agoura-hills/james-kelley/

Join Mike Wise, a seasoned mortgage expert, on "Mortgage Wise with Mike Wise," your go-to podcast for navigating the world of real estate financing. Whether you're a first-time homebuyer, seasoned investor, or industry professional, Mike covers everything you need to know. From in-depth discussions on various loan types and understanding market trends to timely updates on interest rates and their economic and political drivers, Mike keeps you informed and empowered in today's dynamic real estate landscape. Stay tuned for expert insights and practical advice that can make a difference in your financial decisions.

Follow along at www.mortgagewisewithmikewise.com

This podcast is produced by Jim McCarthy and ItsYourShow.co