If you have a homeowner’s policy you will know that there are different types of coverages that exist—but an interesting fact is that J.D. Power & Associates did a study in 2019 and found that 52% of policyholders didn’t know what their policy actually covers! And that meant that homeowners didn’t know both what is covered and what coverages they should actually have for themselves!
Policies usually have Dwelling Coverage as the main part of a policy—which covers your home! Personal Property Coverage, which covers things you own within your home. And Other Structure Coverage, which covers other buildings on your property such as a garage, driveway, fences—anything that isn’t created by nature that is on your property pretty much!
There is another component that is usually a part of a Homeowner’s Insurance policy, and it is very beneficial: Personal Liability Coverage! If you had someone get hurt on your property and it was your fault you would be covered—or if you damaged someone else’s property, you would be covered! It can cover legal fees too!
What isn’t covered on a standard policy is a bit confusing too since you will probably think you will be covered if one of these happens! Acts of God such as earthquakes and flooding are usually not covered, if the sewer backs up into your house you probably aren’t covered, or things like mold/termites in the walls of your home! To get these covered you will have to get a separate policy in order to do so!
What this all means is you should talk to your insurance agent and carrier about everything that you want covered and what policies you will need to get to cover any gaps in coverage! Never be afraid to ask!
The days are getting longer, the cold weather is getting warmer, and you’re spending more time outside—this must mean that summer is almost here! We all can use some warm sunshine and better weather these days, but with the coming of summer it comes time to look at your Homeowner’s Insurance policy to make sure you still can have a great time this summer without any worry!
If you already have a pool you’ve likely added coverage for any pool-related mishaps that might occur, but if you are building a new pool (Even an above-ground pool!) you will have to let your insurance carrier know! Swimming pools create a whole new dimension of risk for any homeowner and will always need to be covered under their homeowner’s policy to make sure you’re covered if anything goes wrong!
As Bob Dylan sang in 1963, “The Times They Are A-Changin’”, and now in 2020 the song still holds true—we are facing drastic changes, and with these changes come a new set of challenges for just about everyone around the globe! With people needing to stretch their assets further and further, it becomes a necessity to trim down their expenses anywhere they can, and homeowner’s insurance is sometimes one of those expenses that some don’t know can be reduced through being proactive and by working with your insurance carrier!
Life Insurance isn’t always the first thing that comes to mind when finding ways to express your love, but it’s a great way to do so! I say this because 75% of people that buy a policy do so because of love—and this also explains why many have described Life Insurance as being “love insurance”!
Valentine’s Day 2020 is rapidly approaching, and we can see that retailers and spouses everywhere are feeling the pressure! Last year in 2019, Valentine’s Day shoppers spent a whopping $20.7 billion on candy, jewelry, stuffed animals, flowers, and other romantic gifts according to the National Retail Federation! On average a person in the United States plans to spend an average of $196.31, which is up a huge 21% jump over last year’s previous record of $161.96!
Valentine’s gift, you should be walking into your insurance provider’s office to get life insurance!
If you wake up one day and find that your water is barely running or not at all when you try to turn on a faucet, you probably have a frozen pipe! You will probably also immediately notice that it is extremely cold to the touch too! Thawing a pipe can be a very, very expensive scenario to take care of if done improperly—and if you have ever experienced this, you will definitely know that bursting pipes are not fun!
have the opportunity so that all of your pipes in your home can stay at a reasonable temperature! Another good trick is to slightly have a couple of faucets drip-running at all times during the cold to keep the water in your home’s pipes thawed and in motion! It’s alright if water pipes get somewhat cold, but your main goal is to prevent them from freezing over!
Did you know that there’s one type of storm that, according to the National Oceanic Atmospheric Administration (The NOAA is the U.S. Agency responsible for monitoring national weather patterns) that causes $1 billion in damage to crops and property each year? Hailstorms! And since Hail can cause thousands of dollars worth of damage to your vehicle, it definitely becomes worth it to know what to do during a hail storm!
Staying up-to-date with the weather is probably the best way to prevent damage to your car! By doing so you can make sure your car is safe and under cover when hail is in the forecast, and although this may not prevent you from being in a hailstorm—it will greatly reduce it!
In 2019, Cybersecurity has become such a huge issue and will continue to do so as we become more and more reliant on computers in all aspects of our lives! It is forecasted that by 2022 there will be 29 billion devices connected to the internet and the means that there are 29 billion doors for a hacker to get through!
encrypting data, using antivirus software, and using common sense! Educate yourself and employees about using unauthorized or “found” hardware (USB Stick in the parking lot for instance), and let them know that they are not to use such things under any circumstances! Another point of security that you should go over with everyone in your business would be visiting unknown or non-work related websites, doing so may keep your business from running into a hacker!
Better business Bureau ®