Homeowners Insurance

Homeowners Insurance: What is an Umbrella Policy?

admin — Sun, 29 Jun 2008 09:13:00 -0500

An umbrella policy is an insurance policy that covers claims that are in excess of the coverage under your homeowner's or automobile coverage. Before you purchase an umbrella policy you will need to have both an automobile policy and a homeowner's policy from the same insurance company. Both of these policies must have the highest liability that the insurance company provides. Once you have reached these limits, you can purchase an umbrella policy.

Tips for Plugging the Holes in Your Homeowners Insurance

admin — Wed, 18 Jun 2008 07:16:59 -0500

Think you’ve got all the bases covered when it comes to your homeowners’ insurance? Think again. There are some very common sources of damage that are not generally covered by standard homeowner insurance. Here are just a few perils that could cost you thousands, and what you can do to help cover the gap between what your insurance covers and what you can pay out of pocket.

Doggie Damages

Why You Need To Keep A Current Home Inventory

admin — Thu, 05 Jun 2008 07:30:58 -0500

It’s never a pleasant thought to think of a fire in your home and claiming everything you own, however, it does and can happen to anyone at any time, and often without any warning. Homeowners already take some precautions against losses by having homeowner’s insurance policies to cover any losses that may occur; however it is important to go one step further by keeping a current home inventory in a safe place, such as a fireproof box or safety deposit box. You can even email or send a copy to your insurance agent to keep with your file.

Homeowners Insurance: Additional Living Expenses Coverage

admin — Wed, 21 May 2008 07:11:56 -0500

When shopping for a homeowners insurance policy, one of the important decisions you'll need to make is whether or not to include additional living expenses coverage. While selecting this type of coverage does add a minimal expense to the cost of your policy premium, it is a good idea to include additional living expenses protection in your homeowners policy.

What is Additional Living Expenses Coverage?

Homeowners Insurance: Remodeling or updating your home

admin — Thu, 15 May 2008 06:56:02 -0500

It can be quite exciting when you can finally afford to add on the extra room to your home, renovate the bathroom or update the kitchen. Hiring contractors and purchasing materials is exhilarating as you move towards remodeling and updating your home. However, one of the most important steps that homeowners miss when they are going through the process of a renovation is contacting their insurance company and letting them know that the home is being updated.

Homeowners Insurance Ratings

admin — Thu, 08 May 2008 15:18:25 -0500

If you own a home, you probably already know that it is extremely important, or even required by your mortgage company, to purchase a homeowners insurance policy, but you may know exactly which insurance company is best for you. It is important to remember that the cheapest homeowners insurance plan may not always be the best one, especially if that insurer does not rank well, has poor ratings, or is in financial duress.

Homeowners Insurance: Is Your Home Insured Against Water Damage?

admin — Mon, 05 May 2008 07:50:13 -0500

Water damage is one of the most common reasons for claims against insurance policies. Does your homeowner insurance policy cover you against the most common types of water damage? Many homeowners only find out what their insurance policy doesn’t cover when they make a claim. Here are some of the most common types of water damage, and what you can expect if you need to make a claim.

1.A pipe bursts in your home and floods the living areas. Are you covered?

Homeowners Insurance: Understand the Settlement Process for Claims

admin — Sun, 27 Apr 2008 14:12:22 -0500

Purchasing homeowners insurance is insurance against something bad happening to your home. While we all hope that nothing will happen, it’s important to understand the process of claiming a loss on your homeowners insurance should something happen to your home. If your home needs to be repaired or rebuilt, or contents (things you own) need to be replaced, you will have to work with your insurance company to determine how much you are entitled to receive for your claim. Let’s take a detailed look at the claim settlement process for homeowners insurance losses.

Homeowners Insurance FAQ

admin — Wed, 23 Apr 2008 08:36:44 -0500

Why do I need homeowners insurance?

Homeowners Insurance: Get it in Writing

admin — Sun, 20 Apr 2008 21:13:57 -0500

For years, you’ve been told that homeowners insurance covers your home and its contents in case something happens, such as a house fire. But what would happen if something caused that fire, such as a contractor who was hired to repair your plumbing starting a fire in your home accidentally? What if the contractor who is replacing the shingles on your roof accidently dropped a bundle on your neighbor’s car, destroying it? Most homeowners would assume that their insurance would cover these events with these circumstances; however that may not be the case at all.

Do I Have To Have Homeowners Insurance?

admin — Sat, 19 Apr 2008 09:50:23 -0500

The purchase of a house is one of the largest decisions we make in our adult lives. It is the time when we spend the most money on one object that we will utilize the most. In a house, we carry our lives, our treasures and our families – we trust our homes to keep all of these things safe from harm. Many home owners question the validity of needing homeowners insurance and wonder if they really need it or if they have to have it at all. The answer to this question is yes, in many cases and for many reasons.

Homeowners Insurance: When Do You Need Separate Coverage?

admin — Tue, 08 Apr 2008 07:00:49 -0500

Your homeowners contents insurance is meant to insure you against loss of your belongings in case of theft, fire or other catastrophe. Are your belongings fully covered though? Chances are, if you’re a typical homeowner, the answer to that is a resounding no. In order to be certain you can replace all of your most important and most valuable belongings, you may need to resort to an insurance rider or separate cover. When should you consider separate cover or a rider to increase coverage for specific belongings?

When the maximum benefit for one item is less than the value of any item

What is Homeowners Insurance, Exactly?

admin — Fri, 04 Apr 2008 10:55:22 -0500

Homeowners Insurance protects you financially from the costs of having to rebuild your home in the event of a disaster. However, there are many different types of coverage, and it is important to understand exactly what your policy covers you for.

Homeowners Insurance

Homeowners Insurance: What is Umbrella Liability Coverage?

admin — Fri, 28 Mar 2008 11:07:11 -0500

They say that umbrella liability coverage is just for the rich; who would want to add extra premiums to pay except those who has the means to buy for one? However, this is just a misconception about umbrella liability coverage. It is more than an extra expense on your part. To explain more how it works, it would be best to see it through a real-life scenario.

The scenario

Where to Find Information on Homeowners Insurance

admin — Sun, 23 Mar 2008 15:01:27 -0500

Finding information on homeowners insurance isn’t difficult. Most major insurance companies have their own websites with information on all of their insurance products. What is slightly more difficult to find is information regarding what exactly is included, and what is excluded from the insurance policies.

Do You Really Need Flood Insurance?

admin — Sun, 23 Mar 2008 13:46:31 -0500

Every year an average of $2.4 billion is paid out against flood insurance. Many people with homeowners’ insurance don’t realize that flood insurance is not covered in their homeowners’ policy. And of course, many of us who don’t live on or near the coast or water don’t feel we need it. But how do you really determine whether you need flood insurance or not?

The Importance of Homeowners Insurance

admin — Sun, 23 Mar 2008 13:40:19 -0500

There are millions of homeowners in America, all have heard of homeowners insurance I am sure. However still many don’t invest in the many benefits that you receive with homeowners insurance, or spend the time looking at different policies to see what they are all about. Everyone wants to live in their own home peacefully without the intrusion of the outside world. Most people consider their home the one place they actually consider safe.

Do You Need Homeowners Insurance?

admin — Sun, 23 Mar 2008 13:27:50 -0500

If you own your home then chances are high that you have received some sort of advertisement offering you homeowners insurance. Before you start looking for the cheapest company find out what homeowners insurance is all about and become familiar with the different types of options and policies that are available.

What Your Homeowners Insurance Covers

admin — Sun, 23 Mar 2008 11:36:51 -0500

When you see homeowners insurance you probably think of structural protection against fire and smoke damage. This damage protection of part of a homeowners insurance policy but there is so many more benefits that you get that range from personal possession protection to reimbursement for any living expenses if you are forced to live outside your residence.

Your Homeowners Insurance Policy

admin — Sun, 23 Mar 2008 11:30:08 -0500

Your Homeowners insurance policy will protect you from almost all types of natural disasters. When a third party lender give you money for a property it usually becomes essential to obtain adequate insurance on the home. This protection not only protects the lender but mainly the homeowner, their home, and the personal valuables inside.

A Homeowners insurance policy has added benefit because it doubles as a package policy offering you protection against any damages caused to the home as well as the legal responsibilities involved.

Homeowners Insurance - What's Out There?

admin — Sun, 23 Mar 2008 11:15:11 -0500

The main point of a Homeowners insurance policy is to protect the homes structure. Commonly it costs more to rebuild a home than what the home was appraised at. It is recommended to her an insurance policy that covers the amount of rebuilding costs, or the appraised value, which ever one is higher. Many insurance companies have special software that makes it easier to calculate the estimated rebuild cost. Also be sure that the policy you select has sufficient coverage for all other structures such as a detached garage, swimming pool, or storage shed.

Creating a Home Inventory for Homeowners Insurance Purposes

admin — Sun, 23 Mar 2008 11:02:47 -0500

The Insurance Information Institute, an organization that provides educational resources to consumers about insurance, states that having an up to date home inventory makes the claims process run more smoothly and gets your reimbursement checks out to you more quickly. Most people have heard and know that they should keep an inventory of their belongings, but few people actually sit down and make a home inventory for insurance purposes. The whole process just seems too daunting.

Homeowners Insurance Endorsements

admin — Sun, 23 Mar 2008 10:35:55 -0500

It's important for you as a homeowner, to stay properly protected based on your own individual insurance needs.

The basic homeowners insurance policy covers a wide variety of insurance protection, but it is no way complete. Depending on your area, you may decide that extra coverage is necessary. This added protection can be obtained through homeowners insurance endorsements.

Additional Homeowners Insurance

admin — Sun, 23 Mar 2008 10:22:01 -0500

For most homeowners, basic insurance policies don't provide adequate protection. For these people, insurance companies offer extensive limits of liability, with attached higher premiums.

One of the most damaging natural disasters possible anywhere in the world in as an earthquake. That's the reason earthquake insurance is specifically excluded from all homeowners insurance policies today.

Most people don't think earthquakes are a thing they have to worry about. Recent reportings have indicated significant earthquake risks in areas all over the country.

Homeowners Insurance for Earthquakes and Floods

admin — Sun, 23 Mar 2008 09:51:09 -0500

As we've seen with recent major disasters, getting protection for your home from things like flood and earthquakes should be at the top of your insurance needs. You won't be able to get this kind of protection from your standard homeowners insurance policy, though.

Under all homeowners insurance policies, flood, overflow of streams, waves, and a wide variety of other water related damages are excluded from all coverage. Until around 1968 no flood insurance of any kind was generally available. That was the year the Federal Government finally stepped in.

Maximize Your Homeowners Insurance Benefits

admin — Sun, 23 Mar 2008 09:30:57 -0500

The first step to protect your family and home is selecting a reliable insurance company and policy that is suited to fit your needs. There are a few things you can take into consideration that will not only lower your costs but will also help you to maximize the benefits that your homeowners insurance policy has to offer.

Homeowners Insurance: Balancing Deductibles and Premiums

admin — Sun, 23 Mar 2008 09:16:43 -0500

When you are in the market for homeowners insurance, many options are available to choose between for the levels of coverage you will carry. Ensuring adequate levels of coverage is the key to responsible homeownership, but you must also make intelligent selections over what you will pay to your insurance company on a regular basis versus what you will pay whenever there is an occurrence in your home necessitating the use of your policy. Ensure that your deductibles and premiums are adequately balanced, and your pocketbook will benefit greatly!

Homeowners Insurance Benefits

admin — Sun, 23 Mar 2008 09:05:18 -0500

If you have recently purchased a home then the first step you need to take is to protect your investment. The homeowners insurance industry is highly competitive and there are literally hundreds of companies offering thousands of different policy options to you. It is totally expected for you to be lost.

How to choose a specific type of Homeowners Insurance

admin — Tue, 18 Mar 2008 15:34:43 -0500

There are lots of things that you want to think about when it comes to homeowners insurance. The first thing that you want to think about is the specific type of homeowners insurance that you are looking at. Remember that your home is something that means a lot to you and is worth a lot of money – as well a worth a lot in your heart. This means that you want to look at the various policies and see what is most important to you.

10 Questions to ask Before Purchasing Homeowners Insurance

admin — Sat, 15 Mar 2008 11:04:45 -0500

When you purchase homeowners insurance, there are many questions that you should ask of your insurance agent or broker, or the insurance company if you are dealing with them direct, that will help you to understand more about your home owners insurance policy. It is important to realize that your home owners insurance policy will replace your possessions in the event of a loss – possessions that, if lost, would be expensive to replace, especially if you were faced with a total loss and everything was destroyed.