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Stay Wealthy Retirement Podcast

Stay Wealthy Giveaway + What You Need to Ask Your Insurance Company (ASAP!)

Stay Wealthy Retirement Podcast

Taylor Schulte, CFP®

Investing, Business

4.7678 Ratings

🗓️ 21 December 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

Two weeks ago, my wife and I came home to a major water leak.

We've been bouncing around between Airbnb's with three kids and a dog since then.

Fortunately, the $50,0000 (and counting!) in damages are being covered by insurance.

But I learned that's not always the case.

I learned that some VERY large insurance companies have recently stopped covering this type of loss.

If you want to learn more about my current situation + how you can ensure your home is properly protected, this episode is for you.

And if you want to throw your name in the hat for a custom, high-quality Stay Wealthy hoodie, click here.

(I'll be drawing names on January 3rd and shipping them off!)

👉  Click Here to Access Show Notes and Links for This Episode

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Stay Walthy Podcast.

0:07.0

I'm your host, Taylor Schulte, and I have two important things to share with you today.

0:10.5

First, I don't know about you and what the weather is like in your city at the moment, but

0:13.8

winter has officially arrived here in San Diego.

0:16.5

In fact, last week, we had over one inch of rain.

0:20.0

And I think we even saw the temp drop down into the high 40s there for a few minutes. So if like me, you're ditching the flip-flops and you're trying to stay warm out there, I've got you covered. I partnered with one of my favorite brands, Link Soul, to make some high-quality custom, stay wealthy hoodies. And the first box just arrived at my office and i want to

0:39.8

give them away to our listeners this holiday season as a way to say thank you on january third

0:45.5

i'll be drawing names and shipping them off so if you want to throw your name in the hat all you have

0:50.2

to do is go to you staywealthy.com slash giveaway. That's you staywealthy.com

0:55.8

forward slash giveaway. And if you're driving or at the gym, don't worry, I'll be linking to the

1:00.3

giveaway URL directly in the episode description, which shows up in your podcast app, as well as

1:06.2

adding it to the show notes, which can be found by going to you staywealthy.com forward slash 137.

1:12.7

Okay. Next, on a not so exciting note, two weeks ago, my wife and I escaped for a nice

1:17.7

staycation, our first time away from all three kids, and unfortunately, we came back to a flooded

1:23.3

home. Like many homes, our plumbing is buried in the foundation. And, well, one of those water

1:28.9

pipes in the foundation burst causing what's called a slab leak, which is just a fancy word for

1:34.3

you've got water coming up through your floors, which nobody wants to come home to. So we've

1:39.5

been out of our house for two weeks now, bouncing around Airbnbs with three kids and a dog trying to sort this whole mess out.

1:46.0

And along with just sharing a personal update here, I also learned something pretty surprising through this process that I think everyone here might be able to benefit from.

1:55.0

So as always, when you have water damage, your first call is typically to a restoration company to help

2:02.0

come and mitigate the damage as quickly as possible.

2:05.1

And when the restoration company showed up to our house, the first question the guy asked me was,

...

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