Lightning is one of the standard named risks or perils in most homeowners insurance policies, double check yours to be certain it’s listed, and one that has seen its claims rise in recent months. With the rise in claims, it’s important to double check what is considered lightening damage and what is typically covered.
As [...]
Wednesday, March 19, 2008
Lately, life has been tough on homeowners as they watch their home values slip, fall, or tank and as a homeowner myself, I can say first hand that it’s a little disconcerting. Well, there is one home insurance related positive note that you can take advantage of and that’s the fact that you can reduce [...]
Friday, December 14, 2007
Did you know that your credit score and history affects how much you pay for premiums with insurance companies? It does and improving your credit score can reduce the amount you have to pay to the insurance company, something you probably wouldn’t have known unless you read about it somewhere (like here!) because it’s not [...]
Wednesday, December 5, 2007
One of the unfortunate side effects of the sub-prime lending meltdown is that home prices have started to fall in the area and as a result you may be able to reduce the dollar amount of your coverage and save yourself a few dollars. If your home cost you $500,000 and you’re insured for that [...]
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 [...]
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 [...]
It’s one thing to secure your house by way of a monitored security system, it’s another to actually take steps to securing your home such that you don’t become a statistic. There are a lot of simple and inexpensive things you can do to make your home more secure.
1. Lock Your Doors
It sounds stupid but [...]
Two years ago, I spent approximately a month house-hunting and one of those trips, we visited a home that had a radon detector in it. The device looked innocuous enough, sitting in the basement ticking away, but it scared me enough that I had to do some research on it. Radon is a dangerous radioactive [...]
The official start of the hurricane season hasn’t even started, that’s June 1st, but the first storm has been named Andrea and it’s a mere Subtropical Storm off the Carolinas. What does this mean for you from an insurance perspective? That it’s never too early, or late, to begin making sure that your insurance coverage [...]