brought to you by the every dollar app start budgeting for free today um well about a month and a half ago

um my house was hit by a tornado oh my lord um me and my three kids were home um it was horrifying

and when we went to make the claim, we called the insurance and we were informed that our insurance

had been dropped a few months ago.

And so we have no insurance.

How long have you been in the house?

We moved in in February.

This was a new build.

We moved in February of this year.

And you put permanent, because usually when you do a new build, you have builders risk insurance, which is different than homeowners.

When you move in, you put a new homeowner's policy on it.

Did you do that?

So we had the builder's insurance that started in July of last year, and it was supposed

to go through July of this year.

It doesn't go through once you move in.

Correct.

So what we found out was that they had dropped our insurance during the building,

not even when it was completed, but during the building. And the bank never got informed of this.

When we went to sign the mortgage, the bank never verified that we were switching from the construction

loan to a permanent homeowners insurance.

But you didn't do that either.

You didn't know you were supposed to switch from a builder's risk to a homeowners?

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