garland home insurance Archives - Page 9 of 21

Insurance Implications if You Uber, Airbnb, etc.

Yahoo posted an interesting article on June 2nd listing 25 Ways to Make Money Renting Your Home, Car, Kitchen and More to Total Strangers. I am always fascinated to see how people make money. In this digital age, it’s possible for anyone to participate in the sharing economy and make a little extra money too. The one thing that’s missing from this article and other blog posts I’ve seen are the insurance implications for the owner of the home or vehicle, and there are some.

Will My Home Insurance Rate Change Next Year?

A couple of weeks ago, I was having coffee with a retired couple in a Dallas Starbucks reviewing the home insurance quotes I’d prepared for them. They’d been referred to me by a friend who was concerned they were paying too much for home insurance. They were asking questions about the quotes we’d reviewed and the explanation I’d given for the coverage. The wife asked me one final question which was, would the home insurance premium increase next year?

Home Insurance and Demolition Cost

Every home insurance quote begins in a conversation with the home owner or buyer. I take the time to understand how the home is finished out such as the number of bedrooms, bathrooms, type of floor coverings, roof type, etc. This information is then entered into the replacement cost system for each insurance company we work with which in turn generates a home’s replacement cost value.

Home Insurance, Property Taxes, & House Payments

I’ve received calls from two different clients over the past two weeks. Each was about the same thing; they’d received a notice from their mortgage company notifying them of a deficit in their escrow account. They had the option of paying the escrow shortage or it could be factored into their already increased monthly home mortgage payment. Sheri and I also received the same notice a few weeks earlier.

Home Insurance, Jewelry and Schedule Items

I received a text message from one of our car insurance clients last week. Her car had been broken into and a ring was missing. She wanted to know if the loss of the ring was covered by her car insurance. It’s not; whenever an item that is not a part of the car is stolen from a car, it’s considered a home insurance claim…

The Importance of a Home Inventory

On Saturday, April 26, a low pressure front swept out of the Rockies across Texas, the southern plains, and across the southeast. It collided with moist air from the Gulf spawning 36 tornadoes over 8 states ranging from Arkansas to Virginia. As if the tornadoes weren’t enough, the same storm system dumped 12 to 18 inches of rain across Alabama and the Florida pan handle before swinging up the Atlantic coast causing widespread flooding.

Hurricane Preparation for 2014

Hurricane season runs from June 1 through the end of November. Hurricane forecasters at Colorado State University climatologists and the Tropical Storm Risk group in London predict a lighter than normal hurricane season for 2014. Both groups believe this due to cooling in the Atlantic Ocean and the re-emergence of El Nino. CSU forecasters predict 9 named storms with 3 hurricanes, 1 severe with winds greater than 110 miles per hour, while Tropical Storm Risk predicts 12 named storms, including 5 hurricanes with 2 being intense.

Mudslides, Landslides and Home Insurance

On March 22nd, a hillside that was saturated with water from earlier rains gave way. A wall of mud, trees, and debris swept over the North Fork of the Stillaguamish River and covered an unincorporated area known as Steelhead Haven located 4 miles east of Oso, Washington. Mud, trees, and other debris covered an area of Steelhead Haven measuring 1,500 feet long, 4,400 feet wide and between 30 and 40 feet deep, roughly 1 square mile.

Hail Claims and Roofers

One of my clients in Frisco, Texas sent me an email last weekend. Her family’s home is located in a neighborhood that was struck by hail, some of it measuring between baseball and softball size. A flurry of roofers showed up in their neighborhood and began knocking on doors to solicit business and my client wanted to know if she should file a hail claim.

Update on the Flood Insurance Reform Act of 2012

Flood insurance popped up on the national news feeds in late March of this year. The Biggert-Waters Flood Reform Act of 2012 (BW-12) went into effect in October of 2013 impacting home and business owners along coastal areas of the Gulf of Mexico and Atlantic Ocean, as well as in the Missouri River Basin (see http://50.87.248.161/~wiseinsu/flood-insurance-reform-act-of-2012/).

Tag: garland home insurance

Insurance Implications if You Uber, Airbnb, etc.

Will My Home Insurance Rate Change Next Year?

Home Insurance and Demolition Cost

Home Insurance, Property Taxes, & House Payments

Home Insurance, Jewelry and Schedule Items

The Importance of a Home Inventory

Hurricane Preparation for 2014

Mudslides, Landslides and Home Insurance

Hail Claims and Roofers

Update on the Flood Insurance Reform Act of 2012

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