We Answer Common Home Insurance Questions

We Answer Common Home Insurance Questions

Whether you are a new homeowner or have owned your home for a longer period, there’s no doubt you have any questions about homeowner’s insurance. You want to protect your home, your possessions, and your family. Below are five of the most frequently asked questions about homeowner’s insurance.

As a homeowner, am I required to have insurance? Yes, in most cases, especially if you have a lender. It’s also wise to look into insurance if you are in the process of constructing your home and even renting your home to someone else.

What types of coverage does homeowner insurance provide? Two types casually, which covers the home and contents, and liability, which covers anyone who is injured on your property. With both types, the amount of coverage depends on the policy.

Will the replacement cost be the same as the sale price of my home? No. The replacement cost will cover the amount needed to replace the structure and/or contents. Replacement cost is usually calculated based on the individual policies formula. It’s wise to take inventory and photographs of your home and contents.

Will homeowner insurance cover damage or theft outside of my home? It depends on the policy. Sometimes standard policies offer this kind of coverage, but if not, ask if purchasing the coverage at additional costs is an option.

Are home-based businesses covered under homeowner insurance? No, unless you qualify for an endorsement to your current homeowner insurance policy. Otherwise, look into getting a business owners insurance policy.

Of course, homeowners will have more questions about homeowner insurance particular to their own situations (including protection against the elements, possessions that are no longer in the home, contents of vehicles, etc.). When searching for a homeowner insurance policy, be sure to ask about coverage relevant and beneficial to your own situation.

 

Summer Motorcycle Safety

People who ride motorcycles are far more likely to get into accidents and far more likely to get hurt than those who drive cars. According to The US Highway Safety Authority, in 2009, 20.2 cars out of 100,000 ended up in fatal crashes; the rate for motorcycles is 66.7 per 100,000.

Motorcycle Insurance

Having motorcycle insurance should be one of the most important parts of your insurance plan. Motorcycle insurance can cover your liability, injury to other and damage to your motorcycle.

Don’t sell your motorcycle, just keep safety in mind. Here are a few ideas to make your riding safe and enjoyable. Before you hit the road complete a safety check:

1. Check lights and brakes

2. Check fuel levels

3. Make sure mirrors are adjusted to your level

4. Follow speed limits

5. Don’t drive impaired

6. Don’t weave through traffic

7. Brake smart

Did you know that 47% of all motorcycle crashes occur at intersections? Or, that on average, three motorcyclists are killed every day in the U.S. as a result of multi-vehicle crashes at intersections? So, be very alert when approaching and driving through intersections.

A motorcycle rider not wearing a helmet is 40% more likely to sustain a fatal head injury in a crash than a rider with a helmet. When cars and motorcycles collide, it is usually because the driver of the car never saw the motorcyclist. With more and bigger cars on the road, you need to take extra steps to become more visible.