Ramblings Of An Insurance Novice

If a flood ever hits your city and causes damage to your home, did you realize that your standard homeowner's insurance policy will not cover the damages? This is because homeowner's policies exclude damage caused by floods. Therefore, if you want to have flood damage covered, you will have to add flood insurance to your policy. Here are several things to know about flood insurance. Is It Required? Having flood insurance is usually not a requirement; however, there are times when homeowners are required to have it.

If you're a business owner and don't currently hold business property insurance coverage, now is the time to start shopping around for quotes. Specifically, business property insurance can protect you from liability and unexpected costs related to disasters that occur on your property and beyond. Before you make a decision about purchasing a policy, however, it's important for business owners to know the realities behind some of the most common business property insurance myths out there.

Summer is a great time of year to get out your auto insurance policy and see what type of coverage you are actually paying for. Here are two extras that you may want to add to your insurance plan that will help give you the level of coverage that you need. #1 Roadside Assistance If you don't have roadside assistance already, you should seriously consider adding it to your plan. Generally, over the course of a six-month premium, roadside assistance will only cost you a few dollars a months or pennies a day.

There are so many ways to reduce the premiums you pay for homeowner's insurance, but a common method is by increasing the deductible on your policy. The deductible is the amount you must pay if you file a claim, and here are several important things to know and understand about this. Higher Deductibles Equal Lower Premiums Have you ever wondered why raising your deductible would result in lower premiums on your home insurance?

Home insurance is essential if you have a home, and could be required by your mortgage lender. It gives you much-needed protection if something were to happen to your home, since it is most likely the biggest purchase you'll ever make. That said, there are some common questions people have about home insurance when they are unfamiliar with it. Will You Be Relocated While Repairs Are Being Made? In extreme loss situations, such as a house fire, chances are that your home will be unsuitable to live in until the necessary repairs will be made.

If you're like most people, the thought of having to deal with an insurance adjuster fills you with dread. You probably already know that claims adjusters have the best interests of their companies in mind rather than those of the individual policy holders. Insurance adjusters employed by insurance companies are experts in keeping coasts as low as possible for the companies they represent. However, the services of a public adjuster can be one of your best assets when trying to negotiate an insurance claim in your favor, and should be seriously considered in when damages are suspected to be $10,000 or over.

According to the Fun Times Guide, approximately 10 percent of Americans over the age of 55 are the proud owners of a motorhome, or recreational vehicle. If you're considering purchasing a motorhome, or if an RV is already parked in your driveway, chances are that purchasing quality and affordable insurance is high on the top of your to-do list. However, before you purchase the least expensive policy you can find, it's important to note that when it comes to motorhomes, picking the policy that is right for you should be your biggest consideration.

As a homeowner, insurance is one of the most important means of protecting your investment. In order to obtain or be reissued an insurance policy, however, you're often required to pass an inspection, which can be a nerve-racking hassle. You may have little or even no notice at all about an inspection, depending on your insurance company! That's why you should always be able to prove you're a responsible, safety-conscious homeowner.