Beginner’s Guide to Personal Umbrella Insurance
Posted: April 16, 2021
Personal umbrella insurance serves an essential purpose, as it provides liability protection above and beyond the policy limits on your vehicle, home, or boat. Every insurance policy has limits, and personal umbrella insurance kicks in once you have exceeded those limits, expanding your protection if a claim or lawsuit is filed against you. Should I Have Personal Umbrella Insurance? One of the vital protections provided...
When to File a Homeowners Insurance Claim
Posted: March 16, 2021
A home is a major investment, and home insurance is designed to protect it. We pay premiums in exchange for coverage, so the natural inclination is to file a claim when a covered loss occurs. The reality is not so clear cut. Filing a claim under the wrong circumstances can affect your premiums and your finances adversely in the future. It is important to know...
Do I Need Different Insurance for a Vacation Home?
Posted: March 1, 2021
If you have the good fortune to own a vacation home, it is important to protect your investment. You may need a separate insurance policy to cover your second home. Vacation home insurance can help protect that property against a range of perils. Why Do I Need Separate Insurance for a Second Home? For a second home you don’t live in full time, you will...
How Well Do You Understand Your Homeowner’s Policy?
Posted: January 26, 2021
A recent study shows that many homeowners are confused about the scope of their insurance policy’s coverage including liability, deductibles, and what is or is not covered. This is alarming considering that insurance is an important aspect of owning a home. Your insurance protects you in many ways from repairing damage to your home through rebuilding it after a catastrophic loss. Most home insurance policies...
If A Contractor Damages My Home, Whose Insurance Covers It?
Posted: January 8, 2021
Homeowners insurance is designed to provide you with financial protection from loss due to theft, disasters, and accidents. But what happens if a contractor causes damage to your home? In this case, your homeowners insurance may help cover the cost of repairs, but will likely seek reimbursement through the contractor’s general liability insurance. Damage to Your Home From an Accident Caused by a Contractor Although...