Most homeowners know insurance is required to close on a house — but what happens the moment that deal is done? Are you actually covered for what's coming next, or did you just sign yourself into a false sense of security?

In Part 2 of their deep-dive with insurance expert James Sweatt, Ed Averette and Terence Guess pick up right where the conversation left off — and go even deeper. The trio unpacks the real costs of homeownership that nobody talks about at the closing table: deductible reality checks, maintenance obligations, and the financial danger of staying underinsured as life evolves. James pulls no punches, walking listeners through real-world loss scenarios — a 100-year-old tree demolishing an elderly couple's home, fireworks nearly killing a family on the 4th of July, and a neighborhood water backup that cost uninsured homeowners $10,000 out of pocket. Ed and Terence tie it all together with honest conversations about inherited property, wealth transfer, and what it really means to protect an asset worth passing down. From new construction insurance discounts to the hidden risks of townhome HOA master policies, this episode is a masterclass in thinking three steps ahead before anything goes wrong.