Search Results for: blog is your personal property insured for replacement value

Hurricane Sandy and Your Homeowners Insurance

Homeowners insurance is supposed to provide financial help after damage has occurred to your home. Families who were affected by Hurricane Sandy may soon be battling their insurance companies over deductibles. It basically comes down to what the “fine print” says. Hopefully, everyone who had their home damaged by Hurricane Sandy also had a good homeowners insurance policy. Homeowners insurance is supposed to help with the financial aspects involved with repairing damage to your home, garage, driveway, yard, and more. It is also supposed to provide funding for you to replace personal property that was inside your home and that … Continue reading →

What is Renters Insurance?

If you are renting a house or an apartment, you might consider getting renters insurance. This type of insurance is something that many people overlook, because, unlike homeowners insurance, there is no mortgage company requiring you to purchase it when you start renting. It is a form of protection for yourself, and your property. Your landlord should have insurance on the apartment building, or house, that you are renting. Their policy will cover the cost to repair damage to the actual structure, as well as to the parking lot, sidewalks, and other common use areas of the building. It does … Continue reading →

Fall Household Insurance Inventory Check List:

With the holidays looming it’s the best time to double check your photography and video equipment to make sure it’s in good working order. A great way to do that is starting a digital household inventory. By starting this project now, you will also be ready to take inventory of your special holiday items. With all the modern tools we have there is no reason any of us should put this project off. Most people reading this Blog are already talented enough on the computer to find the information you need, chat and share pictures. In order to completely understand … Continue reading →

When the Dust Settles and Rebuilding Begins

If there is only one good thing about the recent wildfires in Southern California, it may be that the majority of homeowners and many renters will be insured for their home and personal possessions. The most basic homeowner and renter insurance policy covers for the peril of fire. When there is a widespread disaster it may take a little longer to settle the claims with the insurance company, and it may be difficult to find all of the materials, equipment and people needed to get everything rebuilt and repaired. Resources may be limited, and victims of a widespread disaster often … Continue reading →

Five Important Insurance Tips For Your Recreational Vehicle

Owning a Recreational Vehicle (RV) offers families the freedom to explore the beauty of America while enjoying a few comforts of home. Whether you’re a retired couple traveling or taking the great family vacation America’s roadways, even the best plans can go astray. Traveling in a Motor home or RV can leave vacationers subject to problems and when that happens most policyholders are happy when they investigated their insurance options first. Many Personal Auto Insurance policies will allow an insured to add their motor home or RV to the personal auto policy and some estimates indicate that as many as … Continue reading →

Insurance Terms: Q-R

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U-V | W-Z Insurance Terms: Q Qualified Annuity is a form of an annuity purchased with pretax dollars as a part of a retirement plan benefiting from a special tax arrangement like a 401(k) plan. Qualified High-Deductible Health Plans are health plan with lower premiums that cover expenses after the insured has met the large deductible for out of pocket … Continue reading →

Insurance Terms: G

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z GAP Insurance is additional automobile insurance policyholders might consider as an option, in some states. GAP insurance will cover the difference between a vehicle’s actual cash value when it is stolen or wrecked and the amount owed on a lease or to an auto finance company. General Liability Insurance is an insurance product designed to protect a business owner and operator … Continue reading →

Summertime Household Insurance Inventory Check List

As I go along in life it seems I am responsible for more and more “stuff” some of it is the sacred and special memories, photos and family heirlooms which need to be passed down one day. Other things, are the investments I have made into decorations, furniture, and tools to make my house a home. It can be very hard for most people to remember all the little things when there is a total loss of everything. It’s important to consider our worst case scenarios and remember that it can happen to us, because it happens to someone all … Continue reading →

Insurance Terms: E

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Earned Premium is the amount advance premium an insurance policyholder has paid but, which has been “earned” by the insurance company because time has passed without claim. For example if an auto insurance policyholder pays 6-months of premium and the policy is cancelled after 2-months the insurance company has provided coverage for the 2-months and that portion of the paid insurance … Continue reading →

Homeowner Insurance Forms

Homeowners insurance is the best way to protect your personal property whether you own or rent a home, manufactured home, townhouse, or condominium. When reviewing your insurance policy it’s a good idea to understand what kind of Homeowner Form your insurance policy is written on. Home-owner’s policies are classified by the type of perils they cover. There are six basic types of homeowner insurance policy forms which tend to be defined by the Perils they cover: HO-1: is the basic homeowners insurance form. Also known as a Standard Fire Policy An HO-1 policy covers a dwelling (the actual structure of … Continue reading →