Wednesday, March 23, 2016Why should a person carry Renter's Insurance if they don't have much stuff or money? Renter's Insurance not only provides coverage for you and your family's personal belongings but it provides you/family with LIABILITY. READ MORE >>
Friday, February 26, 2016All standard homeowner policy forms including: homeowners, condominium, villa and renter policies have LIMITATIONS in the event of loss to jewelry. All of the mentioned policy forms permit Rider/Schedule(which is itemization like appraisal) for jewelry(along with other items) added to a homeowner policy form. READ MORE >>
Thursday, February 4, 2016Most of us have seen on news a sinkhole in other parts of the U.S. In particular, I am thinking of Florida, where yards, streets and homes have simply disappeared. In my 32 years in the insurance business I can not recall a sinkhole claim; therefore, the probability is slim. READ MORE >>
Wednesday, December 9, 2015NO. A standard homeowner policy does NOT generally cover damage caused by earthquake and floods. These sources of damage require additional coverage or a separate policy. Insurance companies may write some earthquake, provided home is built 1960 or newer, while not writing the older homes. READ MORE >>
Friday, November 27, 2015Earthquake coverage can only be a covered loss if added onto your homeowner policy. All standard homeowner policies EXCLUDE earthquake coverage; however, many insurance companies will allow the coverage added by special endorsement/rider, similar to adding sewer back up, itemized jewelry or Identity theft. READ MORE >>
Wednesday, November 11, 2015Many insurance companies have changed the wording on homeowner policies from Guarantee Replacement Cost to Extended Dwelling Coverage with a percentage such as 25%. In other words, if a home is insured for $200,000 they will not offer Guarantee Replacement Cost; however, they will go 25% over($50,000) over $200,000 in the event the rebuilding calculations are off. READ MORE >>
Wednesday, September 30, 2015If you own a Condominium or Villa(shared wall type of dwelling) you may be familiar with Assessments. A Condo insurance policy does not cover all types of assessments, in fact maintenance items simply are not covered.....such as parking lot resurfacing, redoing pool/tennis courts fall within the maintenance issues. READ MORE >>
Wednesday, September 2, 2015When will an insurance company waive a deductible? Assuming a person has full coverage on an auto policy most companies will waive a deductible for minor glass repairs(less than size of $1.00 bill). I've heard of companies waiving a collision deductible if an auto accident occurs with both cars having SAME insurance company. READ MORE >>
Wednesday, July 8, 2015What else can be added an auto insurance policy?
First and foremost higher auto liability limits are an absolute must. Medical Payments, Underinsured Motorist, Roadside/Towing coverage(each company has a limit and maximum number of tows), Rental Car/Loss of Use(provided your c... READ MORE >>
Thursday, January 22, 2015Flood policies do NOT cover finished basements. Some of the items covered by Flood policies: Drywall for walls and ceilings(not taped), cleanup, furnace, hot water heater, circuit breaker box(including electrical outlets and switches), deep freezer(not a fridge) and sump pumps. READ MORE >>
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