If your home is in a location prone to flooding, you will need to buy food insurance. Your homeowner’s policy does not cover flood damage. The Federal Emergency Management Administration (FEMA) offers flood insurance, with an average annual cost of $700. This is a good investment, since one inch of water in your house can cause about $25,000 in damage. FEMA has detailed maps online of frequent and moderate food zones to help you determine if your property is at risk. Your mortgage lender may insist you buy food insurance if you are in a flood zone, but you should whether they insist or not.
Introduction
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Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
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The Importance of Behavioral Economics
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What is Money?
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Analyzing Your Current Financial Situation
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Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
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Student Loans
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Understanding the Time Value of Money
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Banks and Financial Institutions
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Buying a Home
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Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
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Saving for Retirement
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Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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