Cash Settlement for Home Claims
Posted: June 15, 2021
Cash Settlement for Home Claims Replacement Cost Settlement Most of us don’t have home claims very often—but when we do, the types of coverages we have in place are important. The majority of insurance companies pay claims on a depreciated basis until the loss is repaired or replaced. Assuming 50% depreciation, a home loss of $100,000 after deductible would be paid at $50,000 up front—with...
Tips for Maintaining Your Roof
Posted: May 1, 2021
You want to ensure the roof on your home lasts as long as possible. Performing basic maintenance can prolong the life of your roof and help you avoid the cost of a new roof for much longer. Replace Roof Shingles If your roof has missing or damaged shingles, they should be replaced rapidly. Rain, snow, wind, or even very dry, hot weather can cause damage....
Water Backup Coverage
Posted: April 23, 2021
Spring showers are coming. Do you have a backup plan? Water damage—resulting from backed up drains or failed pumps—is one of the most common homeowners insurance claims, ranking as the third most costly claim behind fire and liability lawsuits, according to the Insurance Information Institute. What is water backup coverage? A water backup and sump pump overflow endorsement on your homeowners or renters insurance provides...
Beginner’s Guide to Personal Umbrella Insurance
Posted: April 16, 2021
Personal umbrella insurance serves an essential purpose, as it provides liability protection above and beyond the policy limits on your vehicle, home, or boat. Every insurance policy has limits, and personal umbrella insurance kicks in once you have exceeded those limits, expanding your protection if a claim or lawsuit is filed against you. Should I Have Personal Umbrella Insurance? One of the vital protections provided...
Umbrella Insurance Explained
Posted: March 26, 2021
An umbrella policy picks up where the liability limits of your homeowners and auto policies leave off, and is an extremely cost-effective way to protect your hard-earned assets. Do you own a dog? How about a trampoline? Do you have a long commute? If you answered yes to any of those questions, you have a greater than average chance of being sued. You’re also vulnerable...
