Many homeowners don’t realize that their insurance limit on their home just isn’t the figure in Coverage A. Coverage A id what is stated on your homeowner policy of what your home is covered for. Many “main street” insurance companies…
Why you may have inadequate home insurance coverage. Inside every homeowner policy is what is called “sub-limits” of coverage. Like jewelry for example, maybe $1,500 maximum per piece, $5,000 total coverage. Or could be $5,000 for sewer/water backup in your…
No. Rates are not like car insurance where they get surcharged for an accident. Insurance companies can either renew the homeowner policy or non-renew due to claims activity.
No. Rates are not like car insurance where they get surcharged for an accident. Insurance companies can either renew the homeowner policy or non-renew due to claims activity.
Tom’s Thursday Thoughts: Insurance can often be confusing & misunderstood. When a national insurance company says they have a 128% loss ratio, that means they are losing $28 for every $1 they take in. The bottom line result – raise…
No, vermin is generally an exclusion on most homeowner/landlord policies. I think the reason is it could be prevented with some basic homeowner effort. I just had (2 weeks ago) 2 mice get in my house and trapped too. Got…
Important Information if You Own a Luxury Home
Watch our quick “shorts” video to see how any judgement in New York State can affect your homeowner status.
This would be coverage for your basement, when water gets in from a sump pump failure, pipe break or sewer backing up (like a clogged sewer line). Many insurance companies give you $2,500 for this or some $0 coverage –…
A – Certain insurance companies will put your properties on a commercial property form if you have 5 or more apartments. Can be 3 duplex’s, 5 single family homes, a triple & a duplex, any combination of 5 doors or…