When disaster strikes, many homeowners work off of pure adrenaline and emotion when filing and dealing with homeowner’s claims. From a leaky pipe to a four-alarm fire, it is important to deal with insurance claims correctly in order to receive a fair settlement. Here are some of the most basic mistakes to avoid when filing an insurance claim.
Don’t Be Vague:
Saying, “My TV is busted” does not give the insurance company adequate information to provide coverage. Your insurer needs to know exactly what has been damaged or stolen.
According to the U.S. Department of Justice, burglary is nearly 80% more common among rentals such as apartment, condos, and rental homes. Still, less than half of renters carry adequate renters insurance. Generally, most renters believe that it is the landlord’s responsibility to provide adequate protection for the tenants.
This is not the case and for the millions of individuals and families who are renting an apartment or condo, they are left at high risk of loss. Understanding the basics of renter’s insurance can help renters to protect themselves.
When Mother Nature rears her ugly head, violent storms can tear apart homes, families, and neighborhoods. Being the victim of a violent storm can be a terrifying experience. From hurricanes, torrential rain, wind, or hail, violent storms can occur anytime at nearly anywhere in the country.
Without adequate coverage, storm damage can leave you with no way to pay for repairs to your home. Unfortunately for many, this means they are still making mortgage payments on a destroyed home. To avoid this situation, it is crucial to carry adequate
There are two main types of life insurance: term and whole life. For many individuals, navigating the waters between these two types of policies can be confusing. Each type has very unique advantages and disadvantages.
Term v. Whole
A term life insurance allows you to choose the amount of coverage and the length of the policy. You pay your premiums and your survivors receive the payout if you pass away while covered. Whole, or permanent life insurance combines an investment product with life insurance, allowing you to receive a
Sometimes knowing what is not included in your policy is just as important as knowing what is included in your policy. Experts in the insurance industry recommend evaluating your homeowner’s insurance policy at least once a year, but between the fine print and tiny typeface, it can be difficult to truly see what is covered, and more importantly, what is not. The sheer length of many insurance policies may fool you into thinking that you are covered. After all, a dozen or more pages of coverage ought to cover
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