Previous Issues:
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FIRE SAFETY >> National Fire Protection Association (NFPA) 2005 records indicate that dryers and washing machines were involved in one out of every 21 home structure fires reported to U.S. fire departments. These fires resulted in $207 million of direct property damage, over 400 injuries and 14 deaths. The number one cause? Failure to clean lint build-up in filters and remove accumulated lint around the drum.
- For valuable dryer and washing machine safety tips visit www.nfpa.org. (Click Fact Sheets & Safety Tips under QUICKLINES on the home page.)
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BUYER ALERTDeductible: The amount of money that comes out of your pocket before the insurance company begins to reimburse you for a covered economic loss.
The size of the deductibles you choose for your home, auto or business insurance is your decision, of course. The higher your deductibles, the lower your premiums. That’s good. If you have a loss and a claim, however, you pay more dollars out-of-pocket. You have essentially “self-insured” for the deductible amount.
In these economic times, it makes sense to review all deductible decisions. First, do you know what your deductible amounts are? If they are high deductibles, are you comfortable with them? Do you have questions about your options? Need information about premium costs based on a change to lower deductibles?
- Contact us to review whether your policy carries the appropriate deductible for your needs!
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 LOSS PREVENTION >>This can be a big problem!
Once a home is vacant, the insurance policy only allows vandalism coverage to remain on the home for thirty (30) days. ALL coverage ceases after sixty (60) days.
Do you have a home for sale that is empty? Has it been on the market for a month? Two months? Longer?
Call us immediately. You need to purchase a vacant dwelling policy until your property is sold. |
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BUYER ALERT >>
Changes at home? Have a new dog? Turned your basement area into a family room? Installed home alarm systems? Have you acquired a valuable art object or antique? Do you have a son or daughter who will be a new driver soon?
A yes to any of these questions can make a significant difference in your insurance situation!
Business in the home?
Your basic homeowners policy liability coverage specifically excludes a home business. Also, there is only $2,500 of coverage for in-home business property (equipment, desks, bookcases, etc.) Business property is only covered for $250 when it is out of the home.
Keep us posted!
We want you to have to have the proper coverage at all times. Let us know if you have any major changes like the ones discussed here.
Contact us for a complete review of your home insurance program.
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 CONSUMER TIP >>Thinking about having some heating system work done? Or plumbing? Or you need to replace a roof next spring?
Make sure that your home repair contractors have proper worker’s compensation and liability insurance. Ask them to show you a certificate of insurance from their insurer.
Proper insurance is critical. If there is a claim because of an accident caused by your contractor at your home or business and the contractor has no insurance coverage, it could present major problems. |
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Useful news and tips you can use to save money, stay safe, and more. |
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