Here is The BIG problem When You Want To Pay off you Mortgage

After Storms, Home Owners May Struggle to Rebuild
April 29, 2011

A powerful storm system on Wednesday ripped through Southern states, wiping out entire towns and killing at least 209 people so far.

Many home owners in Alabama, Mississippi, Tennessee, Georgia, Oklahoma, and Virginia are finding their homes torn apart, after 137 tornadoes were reported around the regions.

But as home owners look to rebuild, they may find a shortfall in adequate home insurance coverage to cover all of the damages, the USA Today reports.

Most home owner insurance polices provide coverage for tornadoes, and home owners do not have to buy extra coverage like they do for earthquakes or floods. However, research has shown that despite 96 percent of people having homeowners insurance, 64 percent of U.S. homes are undervalued for insurance purposes, according to a 2008 research by Marshall & Swift.

While home values have decreased in many areas, many home owners did not think they still needed to upgrade their insurance. However, building costs in many areas have gone up, insurance experts note.

So let's assume you have $500,000 home equity, there is an earthquake, or a storm or a fire and you lose your home. What happens to your home equity, you have built for the past decades?? IT WILL BE GONE OVERNIGHT, IN IN INSTANT, AS WELL AS ALL YOUR WEALTH.

DO NOT count on your insurance companies to get you all the money you expect to rebuild your house, because it will most likely not happen.

Thus if you want to protect your wealth, you must be prepared and the best way to do that is to MANGAE YOUR HOME EQUITY, SO YOU DO NOT PUT ALL YOUR EGGS IN THE SAME BASKET.

Call The Wealth Creation Team at 1-877 APPLYFREE.