Homeowners Insurance Q&A
Posted: August 23, 2021
Questions about homeowners insurance? You’re not alone. Below are answers to some of the most common questions we’re asked about homeowners insurance. What’s NOT covered by my homeowners policy? Typically, coverage does not apply to damage caused by flood, surface water, water that backs up through sewers or drains, earth movement. Personal liability and medical payments do not apply to the operation, ownership, or use...
Why Are My Premiums Increasing?
Posted: August 2, 2021
Even if you aren't moving or remodeling, the increased cost of building materials will affect your home insurance coverage in multiple ways. How Pandemic-Triggered Home Inflation Costs Are Impacting Premiums The real estate market is HOT! And prices for new and existing homes are at record highs. With everyone moving, upgrading, and remodeling, home insurance is more top-of-mind—and more important—than ever. But despite Covid protocols...
The Risky Business of Trampolines
Posted: September 17, 2020
Misrepresenting your property to an insurance carrier—for example, telling your insurer you don’t have a trampoline when you actually do—is grounds for claim denial and policy cancellation in some states. You know your kids would love a trampoline, but something tells you that your homeowners insurance company may not. And, you could be right. According to the Journal of Pediatric Orthopedics, more than one million...
Smart Solutions to Avoid Getting Soaked
Posted: August 7, 2020
Home Water Damage on the Rise With home water damage (quite literally) on the rise, the potential for fire is no longer the biggest risk facing average homeowners. It’s a water claim. Driving the increases are a number of factors, including aging homes, pipes and valves, and luxury amenities such as second-floor laundry rooms. Aging Homes Not surprisingly, older homes are at greater risk of...
Protect Yourself from Home Repair Scams
Posted: July 27, 2020
There’s no doubt about it, incidents of fraud—including home repair fraud—are on the rise. To protect yourself, please use extreme caution when confronted with the following warning signs of a potential scam: Door-to-door salespeople with no local connections who offer to do home repair work for substantially less than the market price. Solicitations for repair work from a company that lists only a telephone number...
