 As insurance rates have climbed over the past several years, it has insureds hard pruning coverages to offset those increases.
It's understandable why they're doing that, but it's like gambling with their money. Many become significantly under-insured when they do that and take on huge financial risk. It takes just one event to financially destroy them, as the following examples illustrate:  Filing a homeowners insurance claim is a necessary step when disaster strikes, but many homeowners are concerned about the potential impact of a claim on their insurance rates.
Does your insurance premium go up after filing a claim? Here's the answer, along with some clarification:  Owning or using a watercraft - whether a speedboat, jet ski, or pontoon - can be a source of great enjoyment but it comes with its own set of risks and responsibilities.
It should go without saying that understanding and having the right insurance coverage to protect yourself, your passengers, and your investment is a given. There are various types of watercraft coverage to consider including:
Then there are some key insurance considerations depending on whether you're a watercraft owner or a user:  Going on vacation is an exciting time to get away and make memories with family or friends. While you're busy planning activities and making travel arrangements, it's easy to not think about potential issues that could occur at home while you're gone.
One of the most devastating events is water damage. Imagine walking into your home only to be met with: several inches of water wetting your feet, or seeing a section of the ceiling hanging down and dripping water Not exactly the welcome home you were expecting. It's natural to think "it won't happen to me" and not take precautions to protect your house from a water catastrophe. But there are a few small actions you can take before you leave to minimize the risk of having to deal with a major headache when you get home. Here are 3: Trying To Reduce Your Homeowners Insurance Premiums? Consider These Lesser Known Possibilities6/13/2024
 Homeowners are typically aware of bundling polices and increasing deductibles to lower their insurance premiums.
But, there are other ways that might offer the same reduction. Here are 3:  When homeowners notice roof issues that look like their roof has been damaged, their initial reaction is to contact their insurance company to file a claim.
BUT, this can be a big mistake on their part. Here are 3 reasons to contact an experienced insurance agent who can guide you about getting an reputable roofing expert BEFORE filing an insurance claim:  More and more people are turning to self-storage facilities to store all sorts of personal property, especially when moving. Do you know what insurance you need to protect your property while there?
There are a few options to properly insure your stored goods:  Golf carts have seen a rise in popularity for driving on neighborhood streets.
If you're considering the practicality of using a golf cart for this type of family transportation, you need to be very clear about local laws and insurance essentials. |
AuthorDennis Lam Archives
July 2024
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