Archive for June, 2015

Will My Pool Affect My Homeowner’s Insurance?

Wednesday, June 24th, 2015

Now that summer is finally here, families everywhere are opening up their backyard swimming pools to beat the heat. But while taking a dip in the pool to cool off is great for family fun, have you ever stopped to wonder what kind of effect having a pool has on your homeowner’s insurance policy? Read on to find out more!

Owning a Pool & Building a Homeowner’s Insurance Policy

swimming-pool-home-insurance

If you own a swimming pool or are having a pool built this summer, you may need to make some changes to your homeowner’s insurance policy .

If you own a swimming pool or are having a pool built this summer, you may need to make some changes to your homeowner’s insurance policy to ensure that any associated risks are covered. A pool, for instance, is a high-risk site for injuries. People could slip and fall on a wet surface surrounding the pool and sprain their ankle, and without the proper insurance coverage, you may be liable for their medical expenses. Swimming pools create additional risks and expenses; for example, you may have to build a fence around your pool or a gate. Building this will add to the value of your home, and subsequently necessitate a change in your homeowner’s insurance policy to reflect this additional value.

Fencing and other security measures are not the only home value-adding expenses associated with swimming pools. In addition to these things, you may have different equipment, furniture, and accessories you use in and around your pool that also constitute a large investment. The investment you put into these things needs to be protected by the proper homeowner’s insurance policy. (more…)

Do Young Adults Need Life Insurance?

Wednesday, June 17th, 2015

When most people think of obtaining life insurance, they typically think of this as something they will need to do further down the road in their life, perhaps as they grow closer to retirement. The reality is, however, that life insurance can be beneficial to many people regardless of their age, and the right policy can be an especially good fit for a young adult. If you are a young adult and are wondering whether or not you are in need of life insurance, read on to find out more.

Why Young Adults Can Benefit From Life Insuranceyoung adult insurance

Very often, young people in their 20s and 30s share a few key traits in common. Not only are they young, but they may also be single and currently childless. Because of this, they feel life insurance is not as relevant to them, but that is where they are wrong.

Life insurance can be extremely beneficial to young adults looking to find some security in their future. When you purchase life insurance at a young age, it means that you are more likely to ensure your eligibility for insurance policies further down the road even if you do develop some type of illness or medical condition that affects your insurance costs. Life insurance now also will generally be more affordable than life insurance purchased later in life, and so to get a budget-friendly price fixed now will pay off in the years to come. For young adults who have debt, such as student loan debt, life insurance can prevent that debt from falling to parents or other relatives if you were to pass away before the total of your loans was paid back.

Purchasing a Life Insurnace Policy as a Young Adult

If you want to gain security and stability, you should talk to your insurance agent today for more information about life insurance policies. (more…)

Can I File a Home Insurance Claim After a Hail Storm?

Tuesday, June 9th, 2015

Though heavy rain and lightening are major components of summer storms, there is another that can prove to be even more dangerous: hail. In 2013 alone, there were over 5,000 major hail storms nationwide, and hail storms are responsible for millions of dollars in damages annually. So if your home suffers damage as a result of a severe hail storm, are you able to file a home insurance claim to finance your repairs? Read on to find out.

How Do Hail Storms Cause Home Damage?hail-home-insurance

When severe hail storms hit, they are most likely to cause damage to the roof of your home. Even smaller hail stones can loosen or damage shingles; larger hail can cause even worse damage.

What Should I Do to File a Home Insurance Claim After a Hail Storm?

In order to successfully file a home insurance claim for hail damage, it is important that you follow several key steps. First, be sure to note the time and date of the storm, as  your insurance agent will be able to fact-check this and use it to verify your claim. You should also be sure, after the storm passes and the hail stops falling, to take as many photos of the hail and the damage it caused as you can. You want, for instance, to be able to show your insurance agent how large the individual hail stones are, where they hit on your roof, what kind of denting or damage they caused, etc. If you can take a photo of the hail stone next to a ruler or a coin for the purposes of providing a size reference, this is even better! (more…)

Important Talks to Have With Your Insurance Agent

Wednesday, June 3rd, 2015

The world of insurance may seem like a complex and confusing one, but it does not have to be. It is important to have discussions with your insurance agent to make sure that you understand all of the ins and outs of your various insurance policies. So what are some of the most important issues to discuss with your insurance agent to help you feel secure about your policies? Read on to find out.

Questions to Ask Your Insurance Agent About Your Policiesinsurance-agent-talks

1.) If I’m remodeling my home, do I need additional coverage? The majority of home remodeling or addition projects end up adding a significant amount of value to your home. To protect that new, full value of your home, additional coverage may be necessary.

2.) If my home doubles as my business site, do I need special coverage? If you run a small business of some sort with your home serving as your business premises, then it may be necessary to add to your homeowner’s insurance policy to protect your company investments.

3.) How do I know when to change my life insurance policy? As your family expands, so too must your life insurance policy, in most instances. In order to protect and provide for your family, make sure that you have the most comprehensive life insurance policy possible. (more…)