Read articles written by Kyle Rasmussen
What Happens if I Can’t Afford My Home Insurance Deductible?
If you cannot afford your deductible amount, you should still file a claim with your insurance companies. Speak to your insurer, as you might be able to negotiate a way to not pay the deductible.
Does Homeowners Insurance Cover Guest Houses?
Standard homeowners insurance typically covers your guest house as long as you do not rent it out. Other structures coverage B covers the structure of your guest house. Read the whole article to learn what else is covered, what is not covered, and what insurance you might need to get if you are renting your guest house out.
Homeowners Insurance for Homes in Need of Repair
Buying homes in need of repair can be stressful. It is important to get the right insurance policy to protect you financially while your home is being repaired or renovated.
Does a Denied Home Insurance Claim Count Against Me?
The short answer is that a denied home insurance claim may count against you. Two important factors that lead to a denied claim counting against you or not are your location and your insurance provider. Some states give insurance companies the ability to factor in denied claims to the premium rate that is assessed and ... Read more
Service Line Coverage for Homeowners Insurance
Service line coverage is usually available as additional coverage that can be added to homeowners insurance in a form of endorsement or rider.
Loss Assessment Coverage and Condo Insurance
Loss assessment coverage is part of condo HO-6 insurance policies. It protects the condo owner when some damage happens in the common area of the condo building and the cost to repair the damage exceeds the limits of the HOA master policy.
Flood Insurance Requirements for Lenders
Flood insurance coverage may be required by your mortgage provider if the home you are buying is located in a high-risk flood area. Find out how much coverage is typically required.
What is Sewer Backup Insurance?
Sewer backup coverage will protect the homeowner from backups of the sewage system, broken lines, and reimbursement for repairs needed as a result of the damage. The coverage also reimburses the homeowner for expenses related to removing standing water and sewage that may accumulate in the home.
Fair Rental Value Coverage
Fair rental value coverage is part of the loss of use coverage D and comes standard in most homeowners and landlord insurance policies. Fair rental value insurance is designed to protect landlords from losing rental income in a case when the property is damaged by a covered peril and becomes uninhabitable for the tenant.
Identity Theft Insurance Coverage
Identity theft insurance is often offered as standalone coverage or as additional coverage for homeowners insurance policies. Some insurance companies include identity theft coverage in their standard homeowners policies.
Coastal Home Insurance
Coastal home insurance is a type of homeowners insurance specifically modified for higher-risk coastal areas. While typically more expensive than standard homeowners insurance, coastal home insurance offers greater protection against wind and water damage.
Do Both Spouses Need to Be on a Homeowners Insurance Policy?
Wondering if you need to have both spouses on your home insurance policy quite possibly could be the furthest thing from your mind, when you and your spouse decide to move in together. There are so many things to think about when this happens that insurance considerations tend to be an afterthought, but this can ... Read more
