The time for the annual winter holidays is on our doorstep. With that comes a lot of good cheer, celebrations, and spending quality time with your loved ones. Unfortunately, according to the National Fire Protection Association, this time of the year also increases the risk of residential fires, injuries, and even deaths. Let’s take a …Read More
Special Limits of Coverage
Most of us are aware of the fact that there are limits to the amount an insurance policy covers for different types of property. A well-known example is jewelry coverage. Some of these limits appear in the ‘personal property limit’ section of your policy. There are, however, other limits known as ‘special limits of liability …Read More
Home Insurance Options
Unexpected damage to roofs, windows, and sidings from wind, hail, and natural disasters can be costly and stressful. So, it is essential to insure these items of your home properly. To help with that task, we have identified a few details that homeowners should be aware of when buying home insurance. Actual Cash Value vs. …Read More
The Rising Cost of Home Insurance
According to III (the Insurance Information Institute), the average cost of home insurance increased to a record high of $1,398 last year. This, of course, placed an added burden on homeowners who were already struggling with inflation. Below we analyze the reasons for the situation and explain what a homeowner can do about it. Why …Read More
My Neighbor’s Tree Fell on My Garden Shed – Whose Insurance Pays?
Imagine you’ve been involved in a car accident. Insurance information gets exchanged and claims get filed, but how do insurance companies determine who pays for what? The simple answer is that it just depends on the circumstances. Liability Claims If you are involved in an accident, the other party may file a claim with your …Read More
