"Homeowners Insurance" Blogs

What Does Condo Insurance Cover?

Condo owners are usually covered by two types of insurance, the condo association insurance (master policy or HOA insurance) and condo insurance for the individual unit (HO-6 policy). The building’s master policy covers the exterior of the building, including common areas to a specified limit. So, if one of your guests was injured in a […]

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Homeowners Insurance And Coronavirus – What You Need To know

COVID-19 is not supposed to affect your homeowners insurance that much. However, due to the temporary lifestyle changes, there are a few coverage considerations to keep in mind. Also, the claims process may be a little different. The changing circumstances emphasize the need for components in your current policy such as liability coverage, besides coverage […]

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Are You Prepared For Spring Flooding?

Storms in the spring and the summer can be devastating and cause severe flooding. Also, as the winter comes to an end, many areas throughout the country may experience flooding. From heavy rains, severe weather, to the so-rapid snow melt, these conditions may increase the risk of your home being damaged by flooding. Taking the […]

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Some Dog Breeds May Not Be Covered By Your Homeowners Insurance

Whether you own a dog or plan on getting one, unfortunately, some home insurance companies have a list of prohibited dog breeds. The good news is there are insurance companies that don’t have such lists and will judge each individual case separately. Some dog breeds may have a history of aggression, and bites may lead […]

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Buying Your First Home Insurance Policy: Tips To Save Money

If you are ready to buy your first home, maybe because you got married and have children, or you simply realized that investing money on your property makes more sense than spending it on rent, your homeowners insurance will protect you, your home and belongings. But most people like to find ways to save money […]

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Does Homeowners Insurance Cover Plumbing And Pipe Leaks?

Your homeowner’s insurance policy should cover any unexpected water damage caused by a plumbing malfunction or broken pipe. Nevertheless, most policies may exclude gradual damages to your property such as a leak or damage caused by regional flooding. There is also damage such as mold that may be excluded from your traditional policy based on […]

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Life Events When You Should Review Your Health Insurance Coverage

As you probably already know, it’s possible to change your health insurance plans during open enrollment. But what about if you need to make changes to your insurance plan between open enrollment periods? Fortunately, you can take advantage of a special enrollment period if you have a qualifying life event. What’s a qualifying life event? […]

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Why You Should Consider Reviewing Your Homeowners Insurance

Sometimes time feels like it’s passing by faster than we can catch up on. From the common day-to-day responsibilities, to the not-so-enjoyable surprises life may throw at you, homeowners insurance may be the last thing on your mind. Over time, there may be home renovations, house code changes, and rising building costs that may cause […]

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Is Business Insurance Tax Deductible?

If you have a business, some expenses can be deducted from your taxes, which includes the cost of insurance.  A deduction for business insurance premiums may provide your business with considerable savings. Before filing your tax return, read our post to learn which insurance premiums may be considered tax-deductible. The IRS lets you deduct the […]

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What Does Homeowners Liability Insurance Cover?

Personal liability is an essential factor of your homeowners, condo, and renters insurance policy. Nobody expects to be injured at home and much less to be held liable for the accident, but this is something you can’t exclude. Liability insurance will help avoid paying out-of-pocket should an accident occur inside or outside your property. Learn […]

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What Does Renters Insurance Cover?

Renters insurance is one of those must-have things and an often-ignored piece of financial information. While renting is on the rise, approximately 56% of renters don’t have renters insurance. This is due to the common belief that the landlord is supposed to insure your belongings, or your things aren’t worth enough to be insured. However, […]

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Actual Cash Value vs. Replacement Cost When Filing A Homeowners Insurance Claim

At times homeowners may not understand some terms such as “actual cash value” or “replacement cost” and how it can affect their homeowners insurance claim. Many people think that the limits included in their Insurance Declaration Page (DEC) are the best indicator of how much they may get paid in a homeowners claim, but that’s […]

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