Things to Consider:
- Safety discounts: anti-theft locks, alarm systems
- Non-smoker household discount
- Replacement Cost Valuation
- Need for personal liability “umbrella”
- Home/Auto discount
- Need for flood, earthquake insurance
- Collections, jewelry, precious metals, art coverage needs
- Condo Association master policy limits
- Windstorm deductibles
- Value of your home’s contents
- Business in the home
Homeowner Insurance FAQs
Are there different types of homeowner policies?
For more details click here: http://www.iii.org/article/are-there-different-types-policies
Is my Home Insurance Replacement Value the same as its market value?
NOTE: If you haven’t had a Home Insurance Replacement review recently, call us. We provide a free review service.
What is the difference between “replacement value” and “actual cash value” for my personal possessions and valuables?
Click here for more details: http://www.helpinsure.com/home/documents/acvvsreplace.pdf
Does my homeowners (or renters) policy cover flooding damage?
For more details, click here: http://www.iii.org/article/does-my-homeowners-insurance-cover-flooding
Does my policy cover damage from fallen trees?
For more details, click here: http://www.iii.org/article/trees-and-insurance
Are my trees and shrubs covered for damages by my homeowners policy?
Does my homeowner policy cover other structures on my property?
Do I need a special policy for jewelry, collectible or other high value items?
For more details, click here: http://www.iii.org/article/floaters-and-endorsements-special-coverage-valuables
I am planning on installing a pool. Do I need special insurance?
Why should I do a home inventory?
Click here for a free inventory format: http://www.home-storage-solutions-101.com/home-inventory-forms.html
We purchased and moved into a new home, but have been unable to sell our previous house. Does my homeowner’s policy cover my vacant house?
- Vandalism and glass breakage are not covered at all. In fact, newer homeowners forms often exclude any ensuing loss started by vandalism (i.e., vandals burn the house down!).
- Most homeowners insurers won’t continue to insure a vacant home. If your policy is canceled or nonrenewed for vacancy reasons, there are only a handful of insurers willing to insure a vacant home. For the customer, either the coverage is very limited but the premium is reasonable, or the coverage is as good as the homeowners policy but the premium cost is 4-5 times greater.
Another strategy if you are actively trying to sell the property is to ask your realtor to “stage” your house with rented furniture. A house staged attractively will sell faster and usually at a higher price than a vacant property. So while the property may be unoccupied, it does not meet the definition of vacant and you can continue regular coverage.
For more information visit: https://www.irmi.com/articles/expert-commentary/managing-the-risks-of-a-vacant-home