If My Insurance Policy Could Talk to Me. You bought me when you 1st bought the house, as the bank would not lend money without home owner insurance. That makes total sense to me and I am also protecting perhaps your greatest investment. But when the boiler turned 25 years old and gave out, that […]
If My Insurance Policy Could Talk to Me.
Who else has remodeled their basement?
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 […]
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 called “other structure” on your homeowners insurance, 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 […]
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 property, you can also add on this very important insurance coverage. For $20 – $40 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 […]
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 […]
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