- In-Home
Business: If you operate a business out of your home, your current
homeowners policy will not likely provide you with adequate coverage.
Contact your agent for an 'in-home business' quote.
- Outbuildings:
Homeowners policies provide an extension of coverage to cover your outbuildings
on premises that are not used for business or farm. This extension is
usually equal to 10% of the value of your home. However, if a building
is used for any business purpose, you will likely need separate coverage
for proper protection.
- Rental
cars: Taking a vacation this year and renting a car? There are several
reasons why you may want to consider purchasing insurance coverage from
the rental agency for your rental vehicle. Give us a call at 847-3300.
- Trampolines:
As trampolines have become more common, so have injuries sustained while
using one. In fact, many companies are refusing to write a homeowners
policy if a trampoline exists. Other companies may accept them on the
same basis as a swimming pool in that they need to be fenced in or protected
in some manner.
- Jewelry/Guns/Silverware:
Homeowners policies have theft limitations built into them for theft
of items such as jewelry, guns, silverware, etc. Take your own personal
inventory of these items. You may want to insure them separately for
better coverage.
- Vicious
Dogs:
Liability resulting from dog bites is becoming another issue of concern
for insurance companies. Many people lose their lives each year from
being attacked by dogs. If you choose to own a breed of dog that has
vicious tendencies, you may find it more and more difficult to purchase
a homeowners policy.
- Watercraft:
If you own a boat/motor, don't forget you may need to contact your agent
for proper coverage. Please don't assume that your homeowners will cover
a loss resulting from the use of a boat and motor.
- Auto
Loan Coverage:
Sometimes in order to afford a new vehicle, loans up to 60-72 months
are necessary to reduce those payments. Here's a word of caution. Unless
you purchase 'auto loan/lease coverage' you could find yourself owing
the financial institution additional money after a settlement of a total
loss. Why? By spreading out the payments, you are not able to reduce
the principal balance to keep pace with depreciation. This coverage
helps fill that gap but is only available on brand new cars and may
not be offered by all companies.
- Balance
of Coverage: We all know that personal liability due to negligence
can, potentially, amount to a lot of money. No one knows how much coverage
is enough but you might want to consider increasing your limits for
better protection. Sometimes, increasing your deductibles can help offset
for any increases in cost for higher liability limits. Better yet, contact
us about a personal umbrella policy which can give you additional liability
protection, starting at limits of $1,000,000.
- Water/Sewer
Back-Up:
Damage to your home due to back-up sewer and water is not a standard
coverage under a homeowners policy. However, you can purchase coverage
for this peril as an endorsement to your homeowners. The annual cost
is very reasonable.
- Rental
Reimbursement: If your automobile becomes disabled due to an insured
peril (i.e. collision, vandalism, etc.) you may need to temporarily
rent a car to get back and forth to work, run errands, etc. In most
instances, you have to purchase this added protection separately. Let
us know if you are interested in finding out more.
In-Home
Business | Outbuildings
| Rental cars
| Trampolines
Jewelry/Guns/Silverware | Vicious
Dogs | Watercraft
Auto Loan Coverage | Balance of Coverage |
Water/Sewer Back-Up | Rental
Reimbursement
|