Common Questions About a Home Insurance Claim

For the unfamiliar, the insurance claim process is quite confusing. Here, we bring a scenario involving a homeowner’s wish to have a claim processed along with the most common questions posed to the professionals. It is our hope that through the dissipation of these along with the answers, the topic will become clearer and the process will not be seen as daunting.

How would a leading insurance carrier handle a home claim in regard to payment?

A: We’re providing an example of some of the top companies here. In the event a claim is brought about home damage, the company would seek a repair estimate. Immediately upon receiving the estimate, the company would issue a payment check. In certain instances, where extra living expenses or temporary repair work is necessary for safety purposes, the insurance might even make advance payment of the emergency situation.

It is common to see the claimant’s mortgage company written on the payment check. Why is

Read More

5 Tips for Home Insurance Discounts

You can get yourself an on-line policy that will cover you perfectly at a very low rate. By investing a little time and effort on researching online a good premium rate can be often be achieved.

Let’s begin by listing the 5 best ways to save money on home insurance online.

1. Raise your Deductibles

A deductible is the amount of money you state you will agree, in advance, to fund as part of the settlement when you file a claim. Subject to your claim being successful, your insurer will make the remainder of the payment to balance your claim; or a sum as mutually agreed. Claims can only be made based on the terms of your homeowner policy. You may be asking a question like ‘What is the effect of increasing my deductible?’ Increasing your deductible gives you the opportunity to save a lot of money on premiums. For instance, you can save up $20 or more when you have a deductible that’s a sum of say $2,000 or more.

Read More

House Insurance Offers: Tips on Getting Better Quotes and Discounts

It might take some time for you to do some research, but you really do want to be careful when evaluating house insurance offers. How do you know which company is right for you? What about the policy? Does it include everything you need? Is it right for your home and property? What about the contents of your home? All of these questions must be answered before you sign any contracts.

Always check the financial stability of any company you are considering and consult consumer sites to read reviews and ratings. Also, keep in mind that you might not necessarily need the traditional insurance type. There are newer, modern solutions such as “peer to peer models”. This is an ideal system for those who have trouble getting affordable insurance the traditional way.

Regardless of which type of system you go for, it is essential that you know the value of your property and contents. If the current market value of your home really isn’t very much, how much would

Read More

How to Protect Yourself From a Nuclear Disaster

On Saturday, January 13, just minutes after eight o’clock in the morning, an error occurred at the state Emergency Operations Center: a worker from the incoming shift sounded the emergency alert by mistake. All reading the alert were notified about the unthinkable.


The one thing true about the alert was that the notification was not a drill. The problem was that it was a slip-up. A grave mistake that sent residents into shock because they believed – as the text on their cell phones read – that this was a genuine alarm, meant to alert them of a grave danger in regard to a nuclear bomb.
Six minutes after the alert was sent, the state tried to retract the alert, while canceling the message so that further texts about a nuclear threat would not be sent to the remaining cellphones that had not yet received the false alert.


Read More

5 Questions to Ask Before Purchasing Home Insurance

Your home is likely your most valuable asset, so protecting it just makes sense. As such, you can think of your homeowner’s insurance as an investment in protecting your financial future. Before you buy a policy based solely on premiums, ask your insurance provider these five questions to make sure you’re getting the coverage you need.

#1 – What Does (and Doesn’t) the Policy Cover?

The most important part of your home insurance is the policy itself. What, exactly, will it cover? What happens if your lawnmower is stolen out of your garage? Will you get the full purchase value, or will you get the depreciated value? If you accidentally cause someone an injury away from your home, will your policy cover that? Discovering exactly what your policy covers will help you decide just how much and what type of insurance to buy.

#2 – How Much Coverage Do I Need?

An insurance agent will often ask you to

Read More

The Inside Story About Volcano Risks and Insurance

When lava began flowing from the Kalapana Volcano in Hawaii, there were 35 buildings – many of them homes – that took the brunt of related damage. This article will deal with the insurance matters. While not all inclusive, standard insurance can cover some form of the loss.

Homeowners Insurance: Are policyholders financially protected from volcanic overflows and related disasters?

Auto Insurance: Are insured drivers shielded from the monetary losses of a volcano or earthquake eruption?

For those in Hawaii that suffered from the volcanic eruption, a standard homeowners and/or auto insurance policy covers specific aspects, but not all as there are damages that are excluded in the coverage.

The following lists associated coverage and lack of coverage.

• Home-owners policies do protect against damages incurred to property from a volcanic emission that is the result of an eruption, flying shock waves, ash, dust, and lava flow. It also will

Read More

How Insurance Customers Can Save on Home, Car and Boat Coverage

Do you know anyone that enjoys dealing with the stream of daily bills? I don’t.

For the average person, home and car expenses are enough of a headache. When insurance policy premiums join the list of associated costs, the payout hassles become even more of a colossal hassle.

You may think there is no alternative. But I’ll let you into a little secret. Think you have no choice in the matter? You bet you do. And it comes in the form of bundled insurance!

Bundled insurance? You ask. What’s that?

Although doing your part in investigating the varying forms of coverage and the attached price tags that come along with them can get you a policy that may be cheaper than others, there is another way to find even more significant discounts. According to most insurance companies, you can save big bucks by combining two different forms of coverage under one plan. If you ‘bundle’ your home insurance, for instance, together with your auto p

Read More

Homeowners Insurance Exclusions – Workers Compensation

If you are putting an addition on to your home, making repairs, or having any type of work at all done on your home by outside, hired contractors, one thing that’s missing from your standard homeowners policy is workers compensation. Most larger contractors carry workers compensation insurance for their employees but if you hire a smaller company or even individual handyman to do some work on your home and they do not carry it, you could be held liable if someone gets injured while working on your home.

There is a additional coverage you can purchase if the workers you hire are uninsured. It is called contingent workers compensation. If you carry this homeowners coverage option, you will not be held liable if some uninsured worker gets hurt while working on your property. Instead, the insurance company will cover the medical expenses and lost wages that the worker faces. If you don’t have the coverage, you would be legally responsible to pay everything that a work

Read More

Ways To Reduce Homeowners Insurance

The process of buying a new home is exciting and an adventure but it can be both stressful and difficult to find the perfect place for you. Dealing with high prices and finding the right sized home can be challenging aspects to deal with. While home buying is a process, there are ways to make it simpler and easier for yourself, doing the proper research and taking the time you need to make sure you make the best decision possible.

After you buy your home, the next step you want to take is obtaining a homeowners insurance plan. There are a variety of different homeowners insurance plans out there and while they all vary, they are all important to keeping yourself, your home and your belongings protected.

Saving money on home insurance can start even before you buy your home. Many people do not know this but insurance companies take so many factors into consideration when deciding your rates.

Here are common ways to reduce your home insurance.

Often times w

Read More

House Insurance Quotes Online: Info You Need to Know About Homeowners Policies

Your home is supposed to be your safe haven – where you can leave in peace, create memories with family, sleep, eat, and simply live. What if something expected happens one day and you become displaced or even homeless overnight? It’s happened to many people before, and it can happen to you. Increase the chances of getting through such a situation and being able to fix your home up as good as new by choosing the best insurance policy possible for your needs. You can begin your search by looking for house insurance quotes online.

Sophisticated tools can be used to help you find and compare multiple policies, rates, and options. You can sort through all of the offers to find the best deal possible on the coverage you need. All of the information is available right at your fingertips. A few factors that affect the types of quotes you receive include the value of the home (which changes with age), the local housing market, any renovation / remodeling you’ve done

Read More