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What exactly is a FAIR Plan?

02 Jan

If you live in an area where severe weather is common, or wildfires pop up every summer you may have trouble finding affordable home insurance coverage. If homes in your area are repeatedly damaged or destroyed by a covered peril, insurers may pull out of the entire area, refusing to write policies in your neighborhood. […]

What is recoverable depreciation?

14 Dec

If you have had to file a homeowners insurance claim to replace damaged, stolen, or destroyed personal property you were probably surprised to learn that you may not be paid the full replacement cost of your items. Many homeowner policies pay out the actual cash value (ACV) of the items and ACV takes depreciation into […]

Did you know? Your Home Insurance Doesn’t Cover…

29 Nov
Two thoughtful companions ponder on future project, work together as team, stand closely, drink latte or coffee, look with pensive clever expressions at camera. Female and male tourists indoor

While homeowners insurance covers a variety of perils and protects your home and personal possessions, it does come with a number of exclusions and coverage gaps that can result in you having to cover the cost of certain damage out of pocket.  Let’s have a quick look at what your homeowners policy does and doesn’t […]

Should I bundle my insurance policies or keep them separate?

25 Sep

Bundling insurance policies simply means buying different types of insurance policies from the same insurance company. The most common type of bundling is usually a car insurance and home insurance policy, but bundling can include other policy types such as life insurance or even an umbrella policy. However, while bundling is a pretty common tactic, […]

Why is Florida homeowners insurance so expensive?

22 Sep

Homeowner insurance premiums are dramatically heading up this year, particularly in states that are prone to natural disasters. According to a new report from Policygenius, the average homeowner policy went up 21% nationally which is on top of a 12% increase that homeowners endured last year.  As usual, Florida is at the top of the […]

How long does it take to finalize a homeowners insurance policy?

14 Jul

Shopping for homeowners insurance can be a somewhat tedious undertaking but one that is extremely important to fully protecting your home. When shopping for coverage you will need to gather the personal information the insurer will need to set your premium, compare those quotes and then finalize your coverage. If your home is in a […]

I own a gun, do I need firearm insurance?

08 Jul

Having to deal with a home insurance claim can be frustrating and time consuming. Regardless of whether your home suffered a fire, burglary or other major cataphoric event, repairing your home and replacing your personal possessions that were damaged or destroyed will be your first priority.  If you are a hunter or sport shooter, it […]