Frequently Asked Questions
Below are some of our frequently asked questions. If you have any other
questions or concerns, please feel free to contact us.
| If A tree in my yard is struck by lightning and crashes into my house am I covered?
Yes, Damage to the house and removal of the portion of the tree that is on the house is typically covered.
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| A Flood destroyed my home. Am I covered?
No. Flood coverage is exlduded under your homeowner policy. A seperate flood insurance policy would have to be purchased to cover any flooding conditions.
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| Is all of my personal property automatically covered under my homeowner policy?
Yes. However, there are limitations on certain items.
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| A visitor slipped and fell on ice and is sueing me. Am I covered?
Yes, Slip and fall is a covered peril up to the policy limit of your comprehensive personal liability policy.
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| Should I advise my agent every time I make a home improvement?
Yes. You need to make sure that your home is always insured for at least 80% of its replacement cost or you will be subject to a co-insurance penalty in the event of a claim.
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| Will my homeowner's policy cover me if my wedding ring is stolen or lost?
Your homeowner's policy will cover the loss only if there is reasonable thought that a theft did in fact occur up to $1,000 in most cases. If you need more coverage an inland marine policy or endorsement should be added at the appraised value of the item.
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| Why should I buy renter's insurance?
Renter's insurance is inexpensive and covers personal property in your apartment. It also provides limited off premises coverage, motel cost in the event that you had to evacuate the building overnight, and court expenses if you were found liable for an accident in the apartment that resulted in someone else's injuries.
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| Why should I package all of my insurance together?
By packaging all of your insurance policies you can achieve significant savings and some companies combined a property loss and auto loss as a single claim if both are covered with the same company.
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| When comparing homeowner's policies, what should I look at other than the limit on my house?
There are many features within a Homeowner's Policy that will make it different than another. In addition to the limits shown on the front of your policy (dwelling, contents, liability, etc.) you need to dig into the policy language to see how your policy addresses things like:
Backup of Sewer or Drains
The basic Homeowners policy does not cover this, but many offer it as an option or enhancement.
Wind damage to trees
If you have a tree blown down on your home, most policies will pay for the cost to remove it from the home but not neceassrily from the yard. If the tree is just downed in the yard, some policies will cover the removal and some will not.
Cost to Replace your Home
Virtually all Homeowners policies provide replacement cost coverage (not depreciated) up to the home value shown on the policy. What if your cost to rebuild exceeds that limit? Many companies offer endorsement to allow some "xcess coverage" to allow for situations where the cost to rebuild exceeds the home value shown. WHile you should try to insure at the full cost to rebuild, these endorsements take the burden off of you to make sure that you are aware of every change in building costs over time.
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| What are the differences between actual cash value/replacement costs and all risk/named perils?
Replacement cost is the current cost to replace an item. Actual cahs value is the replacement cost less depreciation for age.
Special form coverage covers all losses escept those that are excluded. Named perils cover only specifically named perils such as fire, lightning, windstorm, etc.
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