$250,000 The maximum claim for damages to residential property with a regular flood insurance policy. for damages to residential property If you live in a flood-prone area and have standard flood insurance, the coverage may not be enough. You may need excess flood coverage. And you’ll want to figure it out before a flood occurs—doing so […]
Insurance is a booming business in the U.S. Last year, $1.2 trillion in net premiums were written. Life and health insurance accounted for 52% of that while property and casualty insurance accounted for the other 48%. But what if you invest in insurance to protect yourself against a loss and then nothing ever happens? Then, you’ve paid for nothing. […]
When you buy a house, you’re likely told how important it is to obtain homeowners insurance. It’s usually a requirement by your lender. What you may or may not know is that your policy might include other structures coverage. Other structures coverage can be helpful for some home buyers. However, it can also be an […]
No doubt you’re a responsible homeowner. You always make sure to maintain your home, but accidents happen. Luckily, if a guest gets injured in your home, your homeowners or renters insurance may cover certain medical expenses. It’s called guest medical coverage and is included in most plans. Read on to find out what companies include guest […]
Each year, an average of six out of every 100 homeowners in the U.S. file a home insurance claim, which has an average cost of $10,592 (source). If you happen to be one of the unlucky six, it pays to have reliable coverage that quickly reimburses you for your loss. But how do you find […]
While many people probably wish they could get a straightforward home and property insurance policy that covers everything, it doesn’t exist. If it did, you probably wouldn’t want to pay the premium that came along with it anyway. Covering every possible situation would result in too many claims for the insurer. After all, they are […]
Water damage due to broken pipes and other perils cause a great deal of damage for U.S. homeowners each year. In fact, it holds the spot as the second most frequently claimed cause of loss according to ISO. Being the case, homeowners need home insurance that covers plumbing. If you have been wondering how to […]
Home appliances help us all live day-to-day life much more comfortably. And, now, Americans use about three times the number of appliances than we did 35 years ago. It’s not until one of them breaks that we realize just how big of a role it plays; all of a sudden it takes an hour to […]
Water damage and freezing accounted for the largest share of homeowners insurance losses from 2014 to 2016, according to the Insurance Information Institute (III). The good news is, homeowners and renters insurance policies typically cover water damage. However, the question you need to ask is, “What kind of water damage will be covered?” That’s where […]
Over the last decade, Airbnb has expanded around the world, offering travelers a new and exciting option when booking accommodations. Further, property owners have gained the opportunity to become Airbnb hosts, enabling them to benefit from the wide adoption of the website. However, hosting a short-term vacation rental presents some challenges when it comes to […]
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