Gaps in Your Policy Coverage Can Leave You Exposed

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You may have auto insurance and home or renter’s insurance in place to make sure you are covered in case of an accident. But, depending on the circumstances of a claim, you may have coverage gaps in your insurance, and policyholders that do put themselves, their family and their possessions at risk. You should review your policies to see if you have any of the following gaps in your coverage: Coverage for your valuables This would include: • Any collections (coins, stamps, art, etc.) • Pricey jewelry or watches • Electronics. Most homeowner’s policies will typically have a set limit…
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Belong to a Homeowners’ Association? Know Your Insurance Obligations

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If you reside in a community that’s part of a homeowners’ association (HOA), you should understand what the association’s insurance obligations are relative to your own. If you don’t carefully assess this dynamic, you could find yourself with a coverage gap if you assume that the association’s insurance covers something it actually doesn’t. HOA rules usually require that all residents within the association’s jurisdiction become members and pay a fee. Associations can create their own bylaws for the community or building, and sometimes hire an outside property management company in order to enforce maintenance and other standards. The association’s obligations…
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Thinking about buying a house? Upcoming Seminar For Homebuyers!

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Thinking of buying a home? Join us for the free opportunity to meet with our panel of experts that will walk you through each step of the process and have you sliding into your new home! Our team of local superstars are coming together to bring you all the information you need to prepare for the home buying process. With the expertise of this dream team you hit a HOME run every time! Seats are extremely limited, so be sure to register to save your spot on our roster! Register Today To Save Your Spot Workshop will include a raffle for…
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Unreported Changes Can Mean Big Costs, Be Sure to Tell Your Insurer of Any Material Changes

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One important risk that many policyholders are not aware of is failing to notify their insurer or broker about material changes that could affect their coverage. Various events should trigger you to inform your carriers – for example, if you purchase new equipment, hire new staff, buy a new building, or expand your operations. And depending on the type of change, it could cut across different lines of insurance, like workers’ compensation and employee benefits. Here are a few examples of how these potential changes can affect your policies, both commercial and personal. Workers’ compensation Hiring new employees – While you…
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As Disasters Increase in Scope and Cost, Revisit Your Homeowner’s Coverage

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In 2017, the U.S. experienced one of the most disaster-filled years in history, with tens of thousands of people losing their homes and countless others temporarily displaced. The insurance industry is expecting the trend to continue, based on climate forecasts and the history of natural disasters and their costs over the past 10 years. The 2017 hurricane season was the costliest in the history of the U.S., resulting in countless windstorm and flood-damage claims from homeowners and businesses in affected parts of the country. The number and size of tornadoes has also been on the upswing. The tornado season in…
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This New Year Resolve to Review Your Insurance

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While you may have made some good New Year’s resolutions, to make sure that you are not leaving anything to chance you should also revisit your insurance policies. You may have acquired new property, upgraded your home or bought new stuff for your house and, considering the increasing risks of natural catastrophes, you may now have more risk than you’re aware of. By taking a little time, you can ensure you’re adequately protected and that you won’t have any unpleasant surprises if you have to file an insurance claim. We recommend you do the following: Talk to us Call us…
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Multi-Line Discounts May Save You Hundreds of Dollars a Year

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Looking to save money on your insurance premiums every month? You should consider taking advantage of multi-line discounts. Many insurance carriers offer significant discounts for customers who place multiple types of insurance with the same company. In some instances, annual savings may amount to more than $300, according to a new survey by Quadrant Information Services. The insurance information firm recently took a state-by-state look at the savings consumers could realize by bringing multiple personal insurance lines together under the same roof – a practice known as “bundling.” Savings varied by state, as well as the type of insurance policies…
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How to Protect Your Home from Wildfires

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Forest fires consume some 8 million acres in the U.S. each year, according to insurance industry sources, with most major fires occurring in western states. The most recent example of the devastation that such fires can cause is of course the wildfires that swept through the Napa Valley in California in October.  If your home is in an at-risk area, take these steps to increase the chances of it surviving a wildfire with minimal damage. Prepare ‘defensible space’ “Defensible space” is essentially the last-ditch firebreak immediately around your home. Many fire prevention concepts are organized around the concept of maximizing…
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Toilet Failure Is a Leading Cause of Residential and Commercial Water Damage

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Leaky plumbing fixtures and burst pipes are common reasons behind insurance claims for home and commercial water damage every year, but toilet problems stand out as one of the leading causes of serious water damage. That said, many toilet-related plumbing issues are preventable with regular maintenance and a watchful eye, which can take care of small problems before they turn into major ones. If a toilet is causing problems, call a professional immediately. The worst damages arise because a person does not call an expert, and water damage that may not be visible on the surface continues to spread and…
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