Who else has done some sort of remodel to their basement? Recreation room, TV room, Theater room, wine room? Did you know that most all homeowner insurance policies carry a “sub limit” on water/sewer back up? On some it may be as low as $1,000, others could be $2,500 or $5,000. Water back up coverage […]
Who else has remodeled their basement?
Homeowner’s Insurance Basics
Money Magazine recently published an article about homeowner’s insurance – https://money.com/best-home-insurance/ which gives a good explanation of coverage’s. It is a good start, especially for new home buyer’s without a prior home insurance policy. While I don’t agree with their top 7 companies, the rest of the article is very, very good and spot on. […]
Mixed Use Properties Means Some Retail, Some Apartments.
When it comes to commercial property risks, not all insurance companies want or can insure a mixed-use building. Mixed-Use means there is some commercial space and some apartment space in the same building. It could be a retail store, an office, a coffee shop and then apartments up above or behind the store. Often times […]
Beware the cute commercials, like the “She Shed” one.
Cute doesn’t exactly explain how the coverage’s apply. Is the “other structure” (in this case a garage, could be a shed too) covered in this fire loss – yes. But what about the contents? Those auto’s you see must be covered under the comprehensive portion of auto insurance – NOT homeowner’s insurance. And if they […]
Get a new puppy this year?
Were you surprised with a new puppy this holiday? With 70% of households owning dogs, homeowner’s often do not think about dog bites or being sued. This has been an ever increasing liability issue & lawsuits from aggressive dogs. In fact, my daughter got bit in the face by a friends dog and my Dad […]
Garage Coverage or She Shed Coverage
With some insurance commercials calling a backyard shed a “she shed” in insurance terms it is an “other structure”. So that she shed is covered by 10% of what the building is covered for in 99% of the insurance policies. So if your house or rental property is covered for $200,000, then you have $20,000 […]
Landlord’s also can have Underground Utility Coverage!
If you are a landlord in New York State and own a 1-4 family rental, you can also add on this very important insurance coverage. For $20 a year, you get $10,000 of underground for all your service lines. This is especially for older, city properties who have antiquated sewer & water lines. Even some […]
Underground Utility or Service Line Coverage Available
Most consumers still don’t know there is an endorsement to a homeowner policy called – Underground Utility or Service Line Coverage. Since some of the national insurance companies don not offer this yet, it isn’t widely known homeowner coverage available. For $20 (some companies it’s $25), a homeowner get’s $10,000 to repair water lines that may […]
AirBnB in New York.
More and more homeowner’s are using their homes as an Airbnb to make addition income, especially when not in use, like on vacation. But I have to forewarn you that there could be many exclusions in your homeowner policy. A guest (invited) causes damage to your home, probably not covered. Or how about your guest […]
Student Housing: Affordable Insurance.
Student Housing: Affordable Insurance. Their are many insurance companies who are scared off when they hear the words “student housing”. They think of wild parties, non-stop foot traffic and messy apartments. But there are several insurance companies who understand student housing and the risks they are willing to take on. Many, many students have help […]
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