If you operate a business out of your home, you should be warned that typical homeowner’s insurance will not cover you in the event of a loss. This is particularly poignant for those businesses that carry inventory or operate expensive equipment because a flood, fire, or burglary could result in potentially high losses that you [...]
As recently as ten years ago, the most expensive item your child would’ve brought to college was probably a desktop computer. At a few thousand dollars a piece, the item was difficult to steal because of its size and so the thought of insurance was probably not at the forefront of your mind. Nowadays, with [...]
Dealing with insurance companies can be extremely taxing, especially after a significant life-altering incident such as a fire or a flood, so sometimes it makes sense for you to hire a public claims adjuster to help you deal with the insurance companies. These are the big boys, helping people find alternative living arrangements, taking a [...]
While the end result is the same, you need to find another insurer for homeowner’s insurance; the rules for insurance cancellation and insurance non-renewal are different. With a cancellation, your policy is terminated immediately. With a nonrenewal, your policy is effective until it expires.
A company cannot cancel an insurance policy unless you fail to pay [...]
There are 4.7 million dog bites a year, amounting to approximately $317.2 million in claims in 2005, according to the Insurance Information Institute (iii.org); so it’s no wonder that having a dog can increase your insurance premiums, because it increases the costs to the insurer. In fact, given the list that the CDC produced about [...]
Homeowner’s insurance is not required by law but it may be required by your lender as a condition for lending you the funds. This makes sense though because your home is the only collateral the bank has on the loan. If your home burns down and you are unable to pay the loan, the lender [...]
While a large component of your insurance premium depends on the characteristics of the coverage such as your dwelling location, risk factors, and the like; some of that depends on your credit score as well. Just this past June, the Supreme Court ruled that insurers are allowed to charge more for insurance for less credit [...]
The average response time for emergency responders in most places is somewhere in the neighborhood of ten minutes and that’s considered pretty darn good. What does that mean for you? In the event of an emergency, get out of your house. If there is a burglar, hide or try to escape, help is ten minutes [...]
What they say about the worst of it coming after a disaster is usually true and that “worst” is usually made even worse when you have to deal with insurance companies and their claims process. By understanding your claims process before you actually need it, you prepare yourself for what’s to come and you will [...]