The most important variable in your Homeowner’s Insurance policy is the replacement value— the estimated amount of money you would need to rebuild your house from the foundation up with materials of similar kind and quality.
In Rhode Island, hurricane deductibles on homeowners policies may be no more than 5% of a home’s insured value. Some policies may offer a flat dollar deductible, but it may not exceed 5% of the insured value of the property.
If you are considering renting out your home, your guest room or even your couch your first step should be to contact us. Peer-to-peer home sharing opportunities such as Airbnb can be a great way to bring in extra money and are increasingly popular; however, they can also leave you financially vulnerable.
Whether reporting damage to your property over the phone or through your mobile device, the Insurance Information Institute offers the following 6 tips on how to file an insurance claim.
Spring is the traditional time of year for cleaning your home, and it is also an ideal time to review your insurance coverage. As seasons pass, our lives change, and so do our insurance needs. Take the time this spring to read your policies and ask yourself the following key questions…
The change of season is the perfect time to get your insurance “house” in order. By reevaluating your policies now, you may save money and headaches later.
While many equate flooding with rainy conditions, winter weather and spring thaw can also lead to many flood risks. Just a few inches of water from a flood can cause tens of thousands of dollars in damage
Generally speaking, water that comes from the top down, such as rainfall, is covered by a standard homeowners insurance policy, while water that comes from the bottom up, such as an overflowing river would be covered by a separate flood insurance policy.
With peak hurricane season upon us, it’s time to pull out your homeowners insurance policy to check if you have a hurricane or windstorm deductible, and make sure you understand how it works in the event you have to file an insurance claim.
Here are the five biggest auto, home, flood and renters insurance mistakes consumers can make, along with suggestions to avert those pitfalls while still saving money: