When a homeowner grasps how insurers calculate the costs of coverage, they will soon discover how much better they are at determining the actual return on expensive projects; things like installing a new roof or updating the home’s plumbing. We’ve put together our own take on getting the most out of your projects and, thus, maximizing the money you save on insurance.
Never forget that providers determine your level of risk based on a number of factors, including geography, history and the quality of your home’s construction, to name a few. After perusing “The Art of Home Maintenance,” be sure to check the upkeep requirements and potential incentives specific to your policy. You’ll also want to keep a list of completed projects to share with your insurer at the end of the year. And thankfully we are always coming up with small and inexpensive things for you to do around the home; things that could very well get you to that lower premium you’ve been looking for.
Water damage is one of those areas many homeowners don't think about until it's too late. It's important to learn the signs of a potential water problem in your home so you can avoid costly repairs not covered by your home insurance. The biggest tip: Never ignore a drip or drop. You should immediately attempt to find and stop leaks before they cause any damage.Read More
Although you might not be aware, it’s the responsibility of the property owner — or the renter, if they're occupying the property — to prevent injuries to persons on their property. Some of the most common injuries include a trip or a slip and fall, such as on an icy sidewalk, a piece of debris, or spilled liquid on the floor.Read More
As a homeowner, you should be aware that many things can cause damage to your home but they are not always covered by home insurance. The good news is that many of these uncovered damages are easily preventable. The home insurance policy is generally designed to protect you from sudden and unexpected damage, such as a wildfire or a runaway truck crashing into your wall. Damage that you can actually prevent or control through diligent home maintenance, such as damage from termite and other pest infestation, is generally excluded from the policy.Read More
Thousands of homeowners file insurance claims each year as a result of burglaries. The typical homeowner suffers a loss of nearly $2,000 in stolen goods or property damage in such an event. But if you have a high deductible on your homeowner’s insurance policy, you'll likely have to pay out of pocket to replace your valuables.Read More
Your home's plumbing and electrical systems are two of the most important systems that allow you to live safely and comfortably. Unfortunately, these two systems are also key sources of damage to your home that will put your home insurance policy to work. Even more concerning is the possibility that some damage caused may not be covered by your policy. To understand what is covered and not covered, it is helpful to also understand your home's routine maintenance needs. By taking care of these two systems on a regular basis, you will eliminate most of the potential damage and avoid uninsured claims.Read More