Archive for August, 2011
Will you get a fair claim settlement?
If your home or personal property is damaged and you file a claim with your insurance company, the claim adjuster will ask for an itemized listing of the lost or damaged property, including the value of each item, and pictures if they exist. Would you remember everything you had, if this happened to you? How […]
Do you have enough insurance?
Most homeowners policies cover the cost to repair or replace your home or other damaged property – with materials of like kind and quality. However, you must have insurance for your home’s full replacement cost in order to collect the full value. Replacement cost is not the same as market value. If you […]
Is flooding from a hurricane covered by my policy?
Standard homeowners policies do not cover flooding. In order to be protected from flooding caused by a hurricane, you need Flood Insurance. Flood insurance is available in flood-prone areas for a relatively inexpensive cost, depending on where you live. But beware, flood insurance has limitations, especially for personal property in the basement! What is […]
Do I have the right insurance for hurricanes?
If you live in a coastal state, your homeowners’ insurance very likely has a higher deductible for hurricane damage. The deductible is the out-of-pocket amount you must pay before your insurance company pays the claim. Most policies have a standard (non-hurricane) deductible of $500 or $1,000. However, the deductible for hurricane damage is usually a […]
