A friend of mine called me last week with one of the most unusual questions I’ve ever been asked as an insurance advisor. It turns out her father passed away before Christmas and she wanted to know how she and her siblings should handle the home and car insurance on their dad’s home and vehicles. The answer depends on many factors.
A client sent me an email asking me to quote a builder’s risk policy for a barndominium she and her husband are planning to build. I haven’t watched HGTV’s Fixer Upper series, so I called her to find out what a barndominium is, as well as to ask her the questions I needed answered to quote a builder’s risk policy for them. After finding several builder’s risk policy options for them, I began researching what companies will write a barndominium insurance policy once the construction is complete.
Sheri and I recently watched a documentary on tiny homes. We enjoyed it and talked about could we live in one, what would it look like, and whether Sheri could build it (she likes power tools). I began thinking about home insurance for tiny homes; which carriers will write a policy for that, what issues may need to be considered, and what underwriters will want to know.
Nobody likes home insurance claims, but they do happen. While we may not be able to avoid claims, we may be able to prevent some of them from happening. This is especially true for the claims that aren’t caused by Mother Nature!
Does your home insurance policy ever change? Many people may be inclined to think policies don’t change, but they do. In fact, home insurance policies change all the time. Coverage is added or removed and underwriters determine that something isn’t a risk or is a huge risk much more frequently than you know.
Hurricane Matthew has come and gone and left a trail of damage in its wake stretching from the Caribbean through Virginia. Every storm leaves its own statistical imprint as Matthew did. Here are some of the numbers worth mentioning.
A close friend and client called me a few weeks ago requesting renters insurance for an apartment she’s moving into. She and her husband are separating as they determine whether or not to end their marriage and file for divorce or go through the long process of healing. They may or may not resolve their issues in the coming weeks or months which led me, as their agent, to take a few minutes and outline the insurance decisions they need to address should they decide to divorce. Let’s take a look at the three areas anyone going through a divorce should consider.
Want to save money on your home insurance? I haven’t talked with anyone who didn’t want to pay less without weakening the policy or going with a company that doesn’t provide good service. Let’s look at a few more home insurance discounts we didn’t get to last week as well as some rating factors worth knowing about.
I love discounts! If those discounts are on something I want, that’s wonderful! If they are on something I have to have, such as home insurance, that’s even better! Why pay more if you don’t have to?! Let’s take a look at discounts organized by category to help guide us.
I spoke to a group of realtors last week. It was the monthly meeting for the JB Real Estate Group (www.jbrealestategroup.com), and the topic I presented was, How To Keep Home Insurance from Derailing the Closing. We had a great discussion and I thought it would be beneficial to share what I presented here. I believe this information is helpful whether you are a home buyer, seller, realtor (listing or buying agent), or even a mortgage loan officer.
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