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Tips for purchasing homeowners insurance

posted on April 20, 2020 by in Insurance

If you are looking for a first home or thinking of selling your current home and purchasing another, do not leave getting Homeowners Insurance in St Petersburg Fl to the last second. It is amazing how many people forget this extremely important detail when purchasing a new house. Start shopping for your homeowners insurance as soon as your offer to purchase has been accepted by the current owner of the home. There are a few tips that will save you precious time and money:

Determination of insurability:

An Insurance professional needs a significant amount of detail from you prior to offering a quotation for insurance; the agent will need to know:

  • How old is the house?
  • Has the plumbing and/or electrical systems been replaced?
  • Details of the roof
  • Area
  • Have there been claims by the current owner in the last five years?
  • Location

Deductibles:

Although insurance companies may allow you to elect a high deductable, you may find that your mortgage company will not allow it. Check with the company that will carry your mortgage on what they will allow.

How much cover do you need?

Most insurance professionals have data at their fingertips that help you determine what the house portion is valued at. The coverage should be “replacement cost coverage” which simply means that the policy amount should be for the amount of money that it would take to replace the house, taking into account inflation. Many insurance companies suggest that you insure the home for twice the replacement cost coverage.

Options:

Make sure your policy includes what you need; in many cases liability insurance is overlooked. In the event a person sues for bodily harm or property damage, this insurance will cover the claim. Increasing the face amount of coverage is not expensive

Homeowners insurance in St Petersburg Fl will protect what may be the single biggest asset you will ever have. You need to be sure that your coverage is sufficient and the way to do this is to discuss your needs with the professionals at Kin Insurance. Visit website.for more information.

Tips For Choosing The Right Auto Insurance Plan

posted on April 15, 2020 by in Insurance

Shopping for a St. Augustine auto insurance plan can be a daunting task. You may not want to purchase the first policy that you find on the Internet. It may, however, be beneficial to use the Web to compare several quotes. Use these tips during your search for the right auto insurance plan.

Understand your state’s minimum requirements
The state of Florida requires drivers to hold a minimum $10,000 policy for personal injury as well as $10,000 for property damage liability. Your St. Augustine auto insurance plan needs to, at the very least, meet these standards.

Many drivers find that they need more than the minimum state insurance requirements to feel financially comfortable in the event of an accident. It is important to remember that the state of Florida is a no-fault region. This means that you could find yourself on the hook for thousands even if you are not the offender in an auto accident. It is better to be safe now rather than sorry later.

Get coverage that pays for your assets
At the very least, you want to purchase a St. Augustine auto insurance policy that covers your assets in the instance of an accident. You may want to purchase more coverage if you own a home or other property since such assets could be in danger if you are sued for damages related to an accident. It may also be a good idea to invest in umbrella insurances, which pays out when your standard policy falls short. Such precautionary measure works to further secure your finances when the unexpected happens.

Consider a higher deductible
Did you know that your premium is dependent on your driving record, car model, policy limits, deductibles? You can save a few dollars by choosing a higher deductible. It is important to note, though, that higher deductible options mean that you will need to come up with more money before the benefits of your policy kick in. Selecting a higher deductible may be in your favor if you are a big saver.

Auto insurance is absolutely vital if you operate a vehicle in Florida. You should choose wisely and make sure that you are getting the most for your money.

Considerations for Purchasing Homeowners Insurance In Tampa Florida

posted on April 2, 2020 by in Insurance

Property owners in Tampa Florida may be confused when it comes to knowing how much homeowners insurance to purchase. Without the right coverage, you could be placing yourself at unnecessary risk should you experience a loss. Your insurance agent can properly advise you on the right amount of homeowners insurance to purchase to make sure you are protected in the event of a loss.

You need homeowners insurance that is both affordable and adequate to meet your needs. A home is a huge investment and you don’t want to leave something as important as insuring your home to chance. You need a professional homeowners insurance In Tampa Florida to explain all of your options including ways you can save money on your homeowners insurance.

There are a number of money-saving steps that you can take to get the best price possible for your homeowner’s coverage. Some of these include:

  1. Purchasing multiple lines of insurance from the same company. Some insurance companies offer discounts to the customers who purchase multiple policies, such as homeowners and auto insurance.
  2. Make sure you have installed adequate safety and security devices in your home including security and alarm systems and fire detection devices. This could save you as much as 15% on your homeowners policy.
  3. Update and refurbish any systems that are outdated or not functioning properly such as plumbing or electrical systems. Installing deadbolt locks on your doors can also provide you a discount on some homeowner’s insurance policies.

While it is important to save as much money as possible on your homeowners insurance, you also do not want to be under-insured. This is important in the event of a total loss where you would have to replace your dwelling structure as well as the contents inside. Your Tampa, FL homeowner’s insurance agent can help you determine the right amount of coverage based upon the value of your home as well as your belongings.

One thing the agent will want you to consider is the replacement value of your home. This, in most cases, will not be the same as the purchase price. The replacement value is how much it would cost you to totally rebuild your home in the event of a total loss and replace all of the contents inside. You need to consider in that replacement value any additions or improvements you have made to your home such as fireplaces, ceramic floors, or any other amenities you have added that will increase the value of your home.

Another thing you should consider when buying insurance for your home and property is that most homeowner’s insurance policies only cover a portion of the contents. You can purchase a separate policy for your contents to make sure you are adequately covered in the event of a loss. Your insurance agent can explain more about contents coverage and other optional property coverage to you.
For quality service in a homeowner’s insurance policy, call Kin Insurance today to get started.

Do You Prefer Renting A Home? 3 Reasons To Invest In Renters Insurance!

posted on November 28, 2019 by in Insurance

Some people are not interested in owning a home. They prefer to rent and leave the responsibilities of upkeep and taxes to their landlords. Even so, it’s still a good idea to have some type of insurance protection. If you are a dedicated renter, here are a few reasons why St Augustine FL renters insurance is something that you should carry.

Protecting Your Guests

While the landlord’s policy likely does have provisions for accidents that occur on the grounds, an injury to a guest in your apartment or home may or may not be covered. For example, the fact that a guest tripped over an area rug and sustained an injury would not be covered by the landlord’s policy. That’s because you are the owner of that rug. If you have renters insurance in place, it will likely take care of any medical costs that result from the accident.

Covering The Costs of Damages Not Included in The Landlord’s Policy

Damage to furniture or other personal belongings is usually not covered under the landlord’s policy, unless the damage is somehow associated with wiring or plumbing issues. If the belongings were damaged as the result of your actions, there is a chance that the terms of a St Augustine FL renters insurance would provide some sort of compensation.

Coverage In The Event of Theft

Your landlord’s policy is unlikely to provide any protections based on theft. That means if someone breaks into your apartment or rented house, the burden of replacing those stolen items is on your shoulders. If you have St Augustine FL renters insurance in place, there’s a good chance that you can file a claim and receive funds that will help you replace those stolen belongings.

The goal of renters insurance is to provide you with protection should any covered event take place. Talk with an agent today and learn more about how this type of coverage could come in handy. While you hope that the need to file a claim never arises, it’s good to know you have the protection if something does happen.

For more information visit ThompsonBaker.com.

What Is an RV Extended warranty?

posted on November 26, 2018 by in Insurance

As you purchase an RV, especially if you are doing so for the first time and are relatively new to the experience, one thing you must be mindful of before finally committing to the motorhome of your choice is what kind of warranty the vehicle comes with. It’s important to understand the differences between them and why an RV extended warranty is often an excellent idea to purchase.

What Is an RV Extended Warranty Policy?

Most RVs come with a manufacturer’s warranty, which normally only covers parts and labor and provides the bare minimum in terms of coverage. An RV extended warranty, depending on where you purchase the RV, can also be called a service contract or extended service contract and is sold to you by a third-party, not the manufacturer.

An extended warranty policy exists to cover the costs of parts and labor once the manufacturer’s warranty has expired. This is especially useful because the majority of wear and tear repairs occur well after the initial manufacturer’s warranty has expired. Having an extended warranty policy ensures you and your RV are always protected, no matter what the situation is.

Is There a Better Option than the RV Extended Warranty?

While having an RV extended warranty is a great idea for your RV, another option that should be considered and provides the same coverage with even more benefits is an extended service plan. This gives you even more protection and is a government regulated insurance policy drafted by a professional underwriter.

For more information on the different types of RV warranties, contact Good Sam Auto and RV via their website today.

What Type of Coverage Is Available Through A Homeowners Insurance Agency in Milbury, MA?

posted on September 9, 2016 by in Insurance

In Massachusetts, insurance policies protect consumers when they invest their hard-earned money into assets. Among the most vital assets acquired by consumers is their home. To determine the best policy for the property, homeowner reviews all possible risks. A Homeowners Insurance Agency in Milbury MA help the property owner with a full risk assessment and information about policies.

Coverage for the Property Itself

The policy provides coverage for the property itself. It pays for restoration and repairs after any covered event. When the property is a total loss, the policy provides a value based on the homeowner’s choices. These policies provide either the true replacement value or the market value. Each option may vary based on current rates and the market in which the property is located.

An Assigned Value for Personal Belongings

Personal belongings are a collective category within a homeowner’s insurance policy. A predetermined value is assigned to these items in most instances. However, this might prevent the homeowner from acquiring the full value of these items. For items that are more expensive, the homeowner needs to acquire a rider with the appraised value of the item. This is beneficial for appliances, electronics, and jewelry.

Funds for Temporary Displacement from the Home

Homeowners are displaced from their property when it is damaged severely. This temporary displacement requires financial assistance to pay for hotel fees and food. The homeowner’s insurance policy provides these funds for the property owner and their family. The value is based on the selections chosen when the policy begins. However, the homeowner retains the right to increase it at any time.

When Flood Insurance is Needed

Flood insurance is required if the property is in a designated flood zone. The lender conducts a flood survey to make this assessment. Once they acquire detailed information, they notify the home buyer about these requirements.

In Massachusetts, insurance policies protect the property owner against financial losses. These losses relate to property damage, criminal acts, and common liabilities. The homeowner acquires funds based on the event and level of damage sustained. Property owners who need coverage through a homeowners insurance agency in Milbury MA should visit us today.