The answer may surprise you! Most people think the amount you purchase/sell the home for should match the insurance replacement cost, but insurance companies actually go by rebuilding cost. This means the insurance company will provide a replacement cost based off of number of bedrooms, bathrooms, type of flooring, additional structures and can include inflation […]
We know how important an insurance binder is when you are a mortgage broker setting a closing, we are here to make your life easier!
Topic today, Airbnb/VRBO insurance or Airbnb VRBO. Vacation rentals, home rentals, why is that policy any different than your regular homeowners insurance policy? Your typical homeowners policy across the entire United States covers your personal liability, your family’s personal liability that resides in that household. Has nothing to do with business insurance, has nothing to […]
Service line coverage is $10,000 of coverage for $25. PLEASE call, let us explain the reason for this add on. In the past, there was NO coverage for these items. There is no coverage unless we add this coverage enhancement on for you. AVOID the $5,000 new water line bill you will have to pay, […]
There are many factors that go into rate changes, here are some of the most common: May not be what you want to hear, but general rate increases to happen! Insurance companies have to keep up with inflation, cost of repair and overall claims across the nation. Claims play a big part in premium, claims […]
When a tree falls in your yard due to a bad storm, do you have coverage for the removal of that tree under your homeowners policy? The answer is — it depends. If the tree falls due to wind and damages your house, garage, outbuilding, fence, pool, etc OR blocks access points in/out of your […]
Service Line Coverage pays for damages to your underground : Waterlines, Sewer lines, Gas lines, Electric lines. Did you know any damage to underground lines from the road to your house is your responsibility? Some companies are now offering an endorsement to cover your underground lines! Give us a call to make sure you are […]
We want to make sure you are covered properly and educated on your coverage so you are prepared if a claim happens! Did you know if a property is vacant for a consecutive 60 days, any vandalism or theft is excluded? It is important to know what you are covered for, not all policies are […]
What would happen if you lost your house to a fire and decided not to rebuild? Will the insurance company pay out for the entire amount to replace your home? If you are insured for replacement cost and insured for the correct amount to replace/rebuild, you will get a check from the insurance company in […]
Is your building insured for what it would cost to rebuild it? Co- insurance is the required amount you need to insure your property for the insurance company to pay the full amount in the event the building needs to be rebuilt. If your co-insurance requirement is $100,000 in coverage, but you only insure for […]
