Has your insurance provider suddenly announced an inspection? The inspection helps insurance companies reaffirm that your policy is adequate and if they discover nothing unusual, the policy will remain active. However, the policy might be canceled or your coverage lowered if the inspector deems that your home replacement cost is too high. The reverse can … Read more
There are few things more frightening than getting caught in a house fire or returning home to discover everything you’ve owned has been burnt to the ground. Your house collapsed and your belongings were reduced to a pile of ash. All that remains is a somber shade of black. This has happened to thousands of … Read more
“Make a home inventory!” It’s one of those things we’ve been hearing by financial advisors on TV and our insurance agents often recommend this to us, yet we tend to hold it off. Official polls by the Insurance Institute show that only 50% of all homeowners make a home inventory list, a percentage that seems … Read more
If you are financing your home through a lender, they will help you decide how your home insurance will need to be paid. They will require that you have insurance as they have a vested interest in the property and won’t allow you to move in until you have provided them with insurance information. If … Read more
Your standard home insurance plan has basic limitations and exclusions that some homeowners may not be aware of and, therefore, could be underinsured when it comes time for a devastating event. Supplemental policies fill the voids left by the basic homeowners plans. In your standard plan, there is Coverage A which sets aside a majority … Read more
More and more people are tending towards alternative living conditions, such as tiny houses and floating homes. This is awesome but it makes insuring their options a bit more arduous. Finding carriers to take on these as a risk is daunting. In this article we will take a deeper look at insuring a floating home. … Read more
It may surprise most people to find out that home insurance carriers use your credit score to decide what your premium is going to be for your policy. A majority of us feel this is only the case when we’re getting a loan or applying for a new credit card. A high percentage of insurance … Read more
The difference between a home warranty and your homeowners insurance is that the home warranty will protect the things that allow your home to function properly when they begin to wear down while the homeowner’s insurance will protect the home and your personal belongings from sudden, accidental loss and not due to normal wear and … Read more
Coverage A of your standard homeowner’s insurance policy which is known as the dwelling coverage is going to protect the main dwelling of your property against physical damage caused to the residence including any interior fireplaces, flooring, bathrooms, or structures that may be attached to it on top of the same foundation, e.g. decking, garages, … Read more
Most everyone wants to save as much as they possibly can with their homeowners insurance premiums. Many want the answer to the same question, do I have to pay for additional structures if I don’t have any? And the answer is not really cut and dry. With a standard homeowner’s policy, you are getting a … Read more
