Homeowners Insurance: What is loss of use coverage?
What is Loss of Use insurance coverage? Loss of use coverage pays to maintain your standard of living while your residence is being repaired or rebuilt in the event of a covered claim. In most cases, loss of use covers the excess of what you normally spend for certain things. For instance, let’s say your […]
Benefits of an Insurance Rider
There are a number of benefits to adding a rider to your homeowners insurance policy. Increased coverage: Most home insurance policies contain “sublimits.” A sublimit is essentially a limit within a limit. For example, you may have a $100,000 limit in personal property coverage for your belongings. But your limit on jewelry may be $2,500. That […]
Homeowners Insurance: Replacement Cost Value vs. Actual Cash Value
Your home is protected by dwelling coverage (also called “Coverage A”). The amount of dwelling coverage is usually based on the cost to rebuild your home. Most standard policies cover your home at Replacement Cost Value (RCV). That means if your home is insured up to $250,000, then you may get up to that amount […]
Insuring a Vacation Home
A vacation home can be a wonderful luxury and sometimes even a good investment, but there are some important factors to consider before making the leap into second-home ownership—such as insurance costs. Just like your primary home, you’ll need to insure your vacation home against burglary, fire, weather damage, liability and other risks. Because insurance […]
Renters Insurance Gaps
Like any home, you fill your rented place with all kinds of stuff, from furniture and appliances, to photos and outfits. You spend your time and money making it your own and making it comfortable…but did you make sure it’s covered? Many renters think their landlord’s insurance covers their stuff if there was a break […]
Furnace Care Tips
As a homeowner, it can be easy to overlook important home maintenance, but with winter approaching, there’s one task in particular you’ll want to complete. And that’s getting your furnace in tip-top shape. That bulky metal box in your basement (or crawl space, attic, or even hall closet, depending on where you live) is what produces […]
9 Ways to Lower Your Homeowners Insurance Costs
We are frequently asked what consumers can do to lower their homeowners insurance premiums. The following tips will hopefully help provide some guidance on saving money without sacrificing coverage: 1. Raise Your Deductible Deductibles are the amount of money you have to pay toward a loss before your insurance company starts to pay a claim, […]
Top 10 Hidden Homeowners Insurance Discounts Part 2
Last week we shared five of the 10 “hidden” discounts available on your homeowners insurance. This week we will share the last five on the list. Please remember that if you would like to see if any of these discounts apply to you, or if you would like a quote on your homeowners insurance, please […]
10 Hidden Homeowners Insurance Discounts Part 1
When looking for ways to save on home insurance, many homeowners think of smoke detectors or a home alarm system. Insurance companies, though, offer a variety of additional premium discounts that can help you save up to 25 percent on your insurance premiums. For individuals who are willing to be more cautious and actively avoid […]
How to Assess Your Homeowners Insurance
One of the biggest concerns we have as insurance agents is ensuring your home has the right type of coverage and limits to ensure you are properly protected. Being properly insured and knowing the value of the home and possessions can provide some peace of mind during what could be an extremely stressful period. We […]
