Homeowner Insurance - Liability Coverage

I always write liability coverage with homeowners insurance so if anyone gets injured on the premises it will pay for any claims, and it adds a very small amount to the premium for what you get.
For example, in an apartment situation, what if a fire, or a leak, starts in your apartment and causes damage [...]

Homeowner Insurance Replacement Value vs. Actual Cash Value

Something that I find in writing homeowner’s insurance is that you need to look for policies that give you replacement cost coverage on the dwelling and the home, instead of actual cash value, because you’ll get more money at the time of the loss and you’re able to rebuild.
I never quote anything unless it has [...]

Endorsements on Homeowner Insurance

When buying homeowners coverage there’s a lot of coverages that can be added by endorsement, meaning for example, if you’ve got a lot of valuable goods, like jewelry, guns, artwork, whatever the case may be, with a value that is over the policy limits, you can simply put an endorsement on that will increase the [...]

Cancelling Homeowner Insurance Coverage

Homeowners insurance is a coverage that in tough economic times, and especially after the home is paid for, the owner may decide that since the mortgage company doesn’t require it, they don’t have to carry homeowners insurance, and so they drop their insurance to save some money.
And as long as there’s no claim, sure, they [...]

Homeowner Coverage for Vacant Property

We do have the availability now to cover vacant properties.
Say you’ve got a house that’s been sitting vacant for over 30 days, in the past most carriers would get off that risk after 30 days.
In past times, if the carrier did an investigation and learned that the property was vacant, they would simply cancel the [...]

Your Homeowner Insurance Agent

Many agents, when it comes time for the homeowner’s insurance renewal, because most of them are more interested in spending time looking for new business, and because a lot of the homeowner’s policies are automatically paid from the mortgage company escrow, and renew automatically, those agents never call their existing customers to review exactly what [...]

Condominium & Renters Insurance

There are condo policies that are separate from homeowners insurance - the homeowners covers the outside walls of the dwelling, as well as the contents, whereas the condo insurance covers “between walls”.  But, like renters insurance, it’s just a type of homeowner coverage.
People think about homeowners insurance and don’t realize that renters insurance is simply [...]

Condominium & Renters Insurance

There are condo policies that are separate from homeowners insurance - the homeowners covers the outside walls of the dwelling, as well as the contents, whereas the condo insurance covers “between walls”.  But, like renters insurance, it’s just a type of homeowner coverage.
People think about homeowners insurance and don’t realize that renters insurance is simply [...]

Homeowner Insurance - Earthquake Coverage

Earthquake coverage is added to homeowner insurance by some people.
The coverage amount is based on a percentage of whatever the loss is, with most carriers the deductible is 5-10% of whatever the loss may be, and it’s not tied to your traditional homeowner’s policy.
Of course, in an earthquake fault area, a few years ago a [...]