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Sometimes when destiny comes to knock at your door, it may come in many ways. Kathy Scruggs, a 44 year old woman from Lithonia Georgia originally had wanted a ticket that was different from her winning ticket. A ticket worth $25 million !
Scruggs had walked in a convenience store in Decatur, Georgia and had asked for a Mega Millions ticket but the lady gave her a Powerball ticket, so Scruggs ended up buying both tickets.
It was that Powerball ticket, however the one that would contain the whole set of winning numbers. Yes it was a mistake, but a very sweet one too.
“We were screaming and hollering, and everybody came running,” she remembers of the day of the drawing on the 14th of September. She was so excited that she woke the entire house. She was simply awe-struck and still could not believe she had actually won.
Ms. Scruggs claimed her winning ticket on the 3rd October at the Lottery?s main office in Georgia.
Before this winning, Scruggs was working only part-time and although she had been looking very hard for a stable job she had not been able to find one. After this visit by lady luck, however she will be expected to be very busy. Her first priority will be to build her mom and grandmother a home. She also plans to treat herself to a new car and has her mind set in doing some traveling. Helping others however is also a very important plan for Scruggs, who has the desire to give back for a new homeless foundation and also in providing dental care for those who can?t afford it.
“I’m happy and grateful,” she tells the Georgia Lottery. “I really am.”
The winning numbers were 16-41-42-50-59-(5). Scruggs chose the cash option and she will receive around $15 million after tax.
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Apart from if your house is being financed and you still have a mortgage on it, you can actually opt to NOT insure your residence. But in spite of this you’ll agree with me that folks still prefer to keep a home insurance policy even after they have paid off their mortgage. For most of us our home represents our single most important investment andor property. Therefore, we really don’t mind the extra expense that buying protection against its loss entails.
However, everybody would still be joyous if they are to find a means to take care of this precious investment without the high expense attached to it. That is what this piece is all about — To show you time-tested ways you can lower your home insurance rates but still make sure you have the best coverage for your house…
Make sure you do NOT make the mistake of not subtracting the land’s worth from your home’s value while applying for a home insurance policy. Those who ignorantly do this are paying a lot more than would do them any good. Insuring your home for the purchased price without deducting the value of the land it stands on is a big mistake.
For those who have mistakenly done this, call your agent and go through your home insurance coverage again. Deduct the land’s cost and use only the cost of your structures and its contents.
Your rate will be less and you’ll still have adequate coverage if you do this right. Bearing in mind that insurance is for valuables that can be lost or damaged, insuring the land which can neither be lost or damaged isn’t a smart move.
You will spend more or less depending on your credit rating. The poorer your credit rating, the higher the premiums you will pay. If your credit rating is bad then you’ve NOT been faithful in paying up your bills. No insurer is happy with this as it shows a behavior you are quite likely to repeat in the payment of rates. This makes you a higher risk to them and yourself, therefore, are made to pay higher than some other person with similar profile that has a very good rating.
Therefore, it will do you much good to clear all your bills once they are due. You’ll attract cheaper premiums if you do.