Category Archive for : ‘Home Insurance’

Review Your Insurance Policy

Why You Should Review Your Insurance Policies Annually

When the bill comes in the mail to pay your insurance premiums, this should trigger a knee-jerk reaction to review your policy. Insurance policies are living documents, which means they can be changed to accommodate changes in your lifestyle or circumstances. Many consumers don’t understand what coverage they have, and could be spending more than they need. Reviewing your insurance premiums should be done annually, just like getting a physical or going to the dentist. Failure to do so could result in more headaches down the road.

For Home

When your homeowners

How To Do A Home Inventory

How to Easily Complete Your Home Inventory

A home inventory is one of the easiest and most valuable additions you can make to your home insurance policy. The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) recommends that every homeowner complete an inventory of personal property that can help provide proof of personal property loss after a disaster.

For some who have lived in their home for many years and may have rooms piled high with belongings, the task might seem daunting. But we’ve compiled a list of the easiest and most effective methods for home

How Credit Rating Affects Your Insurance

How Your Credit Score Can Affect Your Insurance Rates

With the recent credit crisis, Americans have discovered the harsh reality of the consequences of bad credit. Along with increased insurance rates, decreased loan availability, and creditors on the phone; a bad credit score can also increase your insurance rates, or affect your ability to even get insured. Some insurance companies are now basing the cost of your insurance policy at least partially on your credit score. Missing as little as two payments on credit cards or other financial obligations could lead to your insurance premium perhaps increasing, doubling or

Named Perils

Named Perils v. Open Perils

Fire, lightning, windstorm, hail, explosion, riots, aircraft or vehicles, smoke, vandalism or theft; these are just a few of the many things that can cause damage to your home. These are also some of the most common forms of “named perils”. A peril is the term the insurance industry uses to describe the risks that can cause a loss. “Named Perils” are the types of events, listed within each insurance policy, that are covered by a property policy.

There are two types of peril policies: Open, and Named. Named Perils (also

How Much Home Insurance Do I Need

Home Insurance: When Is Enough Really, Enough?

When the headlines read of natural disasters sweeping the country or devastating fires destroying homes, it is common to question the amount of homeowners insurance we need to cover our home and possessions in the event a catastrophic event in our lives.

The amount of homeowners insurance you will need to purchase will cover the cost of the following:

1. The structure of your home

2. Your personal possessions

3. The cost of additional living expenses if you are required to live somewhere else while repairs are performed to your home.

4. Your liability to