Outdoor living spaces have been a hot home design trend for the past few years. If you have been one of the many who recently added an outdoor living space, like an expanded deck or porch with seating, outdoor fireplace or kitchen, gazebo, pool, hot tub, etc., it may be time to check your homeowners insurance policy to ensure that those spaces are covered.
A recent article on the Equifax Finance Blog, “
5 Reasons to Update Your Homeowners Insurance This Summer,” gives five situations in which you might need to re-evaluate your policy.
- If you recently made an outdoor improvement (these spaces may or may not be protected in your existing policy)
- If your outdoor property is in poor condition (ex: an old wooden deck with deteriorating planks)
- If you need different coverage (like bodily injury protection)
- If you need more coverage (like the kind you can get with an umbrella policy added onto your existing property)
- It’s been a while since you reviewed your policy (you may be eligible for savings or discounts)
Get more insurance tips and advice at the Equifax Finance blog, as well as tips on other finance topics like retirement, taxes,
credit ratings, identity protection and more.
Organize taxes to keep good credit scores
With less than a month before Tax Day, it’s harder to get ahead but not yet impossible and there are a whole host of reasons to not wait for an extension. If you have procrastinated up to this point but want to get your taxes done and your refund in hand sooner, the experts at Equifax have some great tips for pushing forward to tax success in the new article, “
Five Tips to Jumpstart Filing Your Taxes.”
While the days are fewer, there is still time to gather up your forms and paperwork neatly and set out to either do or have someone do your taxes for you. But it will take organization and an investment of time (and possibly money, if you need help from software or a professional) to get started. First of all, set a goal or a deadline so you have a reason to start working and write it down. Do a little each day so that gathering receipts and filling out forms is progress that can be tracked rather than a mountain of work. And then don’t be afraid to ask for help – taxes are daunting and while it’s possible to do them yourself, it’s also possible to build a house yourself piece by piece – but it can be a lot easier and more precisely completed to get a professional homebuilder to do it for you.
To learn more, including tips about taxes,
credit scores and everything else personal finance, check in with free expert advice from Equifax.