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The Debits and Credits of Insurance

When reviewing your insurance policy whether it’s for your home, auto or business, it’s important to understand the factors that can add or subtract to the premium. One of the factors is the use of your financial credit or credit score to rate your insurance risk.  For those with excellent credit the impact can be…
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What Does My Homeowners Insurance Cover?

Many people take for granted or just don’t know how their personal insurance works.  It is vitally important to know the basics of insurance as a consumer.  Of course, your agent should be your resource for more detailed or complicated knowledge on insurance. WHAT is covered? There are two ways to look at this question: The…
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What is a C.L.U.E. report and why is it important?

You found your client’s dream home and were able to negotiate a good deal with the seller.  Now all you have to do is tie up some lose ends and coast to the closing.  You contact your insurance agent to get the required coverage, and they hit you with a high quote or you are…
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Insurance and the Internet

We hear the statistics all the time. “9 out of 10 homebuyers start on the Internet.” “75% of Americans use the Internet.” While these statistics are true, a vast majority of these “internet shoppers” end up working with a licensed real estate agent at some point during the process, either to show them homes, help…
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Troubled Times and Your Home Insurance

In the current financial environment of job losses, reduced home values and foreclosures, home owners are looking for ways to save money.  One of the areas that homeowners look at is their property insurance. One of the first things you should do is contact your insurance agent and review your policy to make sure you…
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Working with an Insurance Pro

 One of the main reasons that buyers and sellers choose to work with a REALTOR® is the peace of mind that comes with hiring a professional that knows the business and has experience in solving problems and helping people with their needs.The same reasoning applies when looking for insurance. Working directly with a licensed agency…
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How do I get the right insurance for my new home?

Ask lots of questions! Question: I am purchasing a home and my mother will be living in it. Does that change the insurance that is appropriate for me? Answer: Yes. You will have to change you insurance from homeowners to a landlords/fire policy. By the way this policy is for your protection, for your mother she should…
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Insurance and your credit history

Why do insurance carriers take a person’s credit into account when determining the premium? Insurance companies run credit checks on applicants because studies have shown that a person’s credit history is a good predictor of how many claims that person will have, which ultimately determines if the account will be profitable for the carrier. Actuaries have…
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Getting off the Fence…But Is Your Fence Insured?

Have you ever wondered if your fence was insured or how much it was insured for?  Your fence is considered an “Other Structure” per the terms of the homeowners insurance policy.  “Other Structures” are covered at 10% of the policy limits on your policy declaration page as a standard.  Depending on the replacement cost of…
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