 Did you know that investing in home security not only provides peace of mind but can also reduce your homeowners insurance premiums?
There are a number of great home security options thanks to technology, but here are three upgrades that may result in the best return on your investment on your insurance premiums while also enhancing the safety of your home.  Insurance shopping can be frustrating. You submit the same information to multiple companies only to receive veryy different quotes.
There are numbers of reasons why these differences occur, and being aware of them can help you make more informed decisions about your coverage. Here are five:  Insurance is designed to safeguard your assets against unexpected events. There are times when an insurer decides not to renew an insurance policy. This can be stressful to insureds, especially if they're unsure why it happened or what steps to take next.
Here's what you need to know about why insurers make the decision to non-renew an insurance policy and how you can respond effectively.  Homeowners insurance covers against many misfortunes, but it does have gaps. Some exclusions, like damage from earthquakes and floods, are more widely known.
There are other typical gaps in coverage in standard homeowners insurance, but may not be as well understood. Here are 7 to be familiar with:  After flying to a far-off destination and back, the last thing you want to experience is to find your vehicle missing from the parking lot of the airport where it was parked.
Recent reports reveal that crime rings are now targeting airport parking lots to steal vehicles. Thefts have spiked in this past year at airports from Anchorage to Atlanta and everywhere in between. Just this year, over 300 vehicles have been stolen from Atlanta's Hartsfield. Which vehicles are targeted?  Insureds along the southeast corridor got a rude awakening in September as a result of the historic damage caused by Hurricane Helene. Many affected were far inland and geographically not used to the catastrophic levels of wind and water this storm produced. Thousands are still in process of understanding what their insurance policies cover, filing claims, and getting estimates for repairs. The damage from this hurricane included:
Most homeowners have a standard homeowners policy. What does that cover? It can vary significantly, but in general:  Filing an insurance claim may seem straightforward but certain mistakes or misunderstandings can result in your claim being denied.
Avoiding these pitfalls is essential to ensure your claim is processed smoothly. Here are 3 of the most common reasons why claims get denied:  Navigating the complexities of insurance coverage can feel overwhelming for individuals and businesses alike in the current hard insurance market because:
When this happens, having an independent insurance agent by your side becomes more than just a convenience—it’s a necessity. Here’s why:  Have you ever thought about how many people drive vehicles without having insurance coverage?
It's not something at the forefront of your mind until you're the victim of an auto accident where the at-fault party has no insurance coverage. Unfortunately, this is a reality for many drivers, making it all the more important to have adequate coverage for your own financial protection. Here are 5 reasons why:  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:  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:  Have you noticed the severe thunderstorms including hundreds of lightning strikes that have swept across large swaths of our country over the past several weeks?
Lightning is among the most prevalent natural hazards capable of inflicting damage upon residential properties. It's important to understand what aspects of lightning-related harm are covered by your homeowners insurance policy, what falls outside its scope, and the necessary steps to take should your home sustain a direct strike.  In my last post, I highlighted the advantages of bundling your home and auto insurance policies. However, it's essential to recognize that bundling isn't always the best approach.
There are certain scenarios where keeping your home and auto insurance policies separate may prove more beneficial. Here are a few of these situations:  Bundling your auto and home insurance policies with the same insurer can offer a range of advantages. Here are five compelling reasons to consider this approach:
In today's online world, it's possible to get insurance quotes without the involvement of an agent. But, the convenience of direct access to insurance companies or chatbots may come at a cost when you find yourself in a claim situation. Going solo could lead to headaches and financial hardships if you haven't chosen the right coverage.
An experienced insurance agent is invaluable when it comes to providing personalized guidance for this critical form of financial protection. Rather than navigating the complex world of insurance alone, an agent partners with you to ensure your needs are met. When choosing an insurance expert to entrust with your coverage, consider these seven factors:  I continue to get calls from people because their auto insurance premiums are rising at renewal time, and they're searching for lower rates.
Many of these potential clients haven't had any accidents, tickets, moving violations, etc. to directly cause their rates to rise, so why are they experiencing this? There are a number of factors that contribute to this, including these 5 reasons:  March Madness is a captivating event as millions of college basketball fans across the country analyze the teams and create their own (hopefully winning) brackets.
As we all watch the games and cheer for our favorite teams, we can also learn valuable lessons about selecting homeowners and auto insurance. Here are 3 important takeaways from March Madness that can help you choose the right homeowners insurance coverage.  With St. Patrick's Day coming up, it's worth noting that even the Luck of the Irish can sometimes result in less-than-fortunate circumstances.
Here are a few unfortunate snippets from insurance claim reports to brighten your day:  March is National Credit Education month so it's a great time to understand this.
Here are 2 ways your credit score influences your insurance rate:  In the past, homeowners who rented out their properties once a year for local events often relied on their standard homeowners insurance.
But with the surge in short-term vacation rentals, insurance policies have also evolved, prompting the need for a closer look at coverage options, including these 5 areas:  Homeowners insurance is a critical and required piece of home purchases if you're securing a mortgage loan.
A number insurance documents must be presented at the closing so it's important that you notify your insurance agent as soon as you have a contract. These include:  Historical data show that as people age, physical and cognitive changes may impact driving skills. Once you reach 70 years old, you can expect your auto premiums to rise. There are a number of things drivers at this age and older can do to lower their auto premiums. Here are 5 suggestions:
 When shopping for insurance, you've likely encountered a puzzling phenomenon: why do rates differ so drastically between insurance companies? It's a common question many find themselves asking as they navigate insurance options.
While it may not make sense on the surface, there are 7 valid reasons insurance rates can vary between companies:  Winter brings its own set of challenges, and one crucial aspect is safeguarding your home from potential fires. According to the National Fire Protection Association, house fires occur more frequently in the winter than any other time of year.
Do you know the top causes of house fires? Read on to find out, including 5 valuable tips to prevent them:  With 2023 wrapped up, remember to add "evaluate your insurance coverage" to your New Year's resolutions list. Why? Because changes you and your family experienced during 2023 or upcoming ones you expect this year will impact your insurance requirements.
Common examples include: |
AuthorDennis Lam Archives
July 2024
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