Tag Archives: Homeowners Insurance
What if you’ve experienced the loss of some or all of your possessions, either through a theft, fire, or natural disaster? How can you file a homeowners insurance claim as quickly and easily as possible? Kemner-Iott Agency has some great tips to help you through this process.
Immediately Report the Incident to Authorities
Christmas time is here, and you’re buzzing like a happy Who. Your house is decorated, your cookie jars are full, and there are piles of special gifts under your tree. But what if you aren’t sure how to keep those gifts protected? How can you keep the Grinches of theft, accident, or fire from stealing your Christmas?
For most of us, Labor Day means the end of summer. Whether you are a seasonal homeowner or a snowbird, now is the time to winterize your home. So before you head South or stay in your Michigan home, plan accordingly to avoid damage and expensive repairs in the spring.
To assist you in this process, here is a helpful checklist:
Backyard barbecues often create treasured memories with friends and family. However, when you grill, you’re literally playing with fire. Thousands of residents each year learn this the hard way, suffering damage to their homes or even serious injuries in grilling accidents.
Now is the time to make sure your coverage is still adequate in light of decreasing home values and rising replacement costs for housing.
Often, homeowners are not aware that the amount of insurance coverage they need is actually greater than the initial amount of their mortgage—or their current property value. The insurance you buy for your home should be directly related to the cost of rebuilding it. This relationship, called insurance to value, or ITV, is especially important now since home values in general have decreased, while the cost of replacing, rebuilding, or demolishing existing properties have risen.
What if… I need to file a homeowners insurance claim? What steps do I need to take?
The need to file a homeowners insurance claim can be a stressful time for the homeowner. Here are some tips to help with the claim process:
1. Notify the police if your home has been burglarized or vandalized. Your insurance company will require a police report to accompany your claim forms.
Drafty windows. Leaky faucets. Dirty air filters.
All are common issues and they’re not only annoying — they also cost you money in decreased energy efficiency and higher utility bills.
Would you like to save $200 to $400 a year on your energy costs? That’s how much the U.S. Environmental Protection Agency’s Energy Star program estimates that homeowners can save by incorporating technologies to make their homes operate more efficiently. Several of the tips below from the National Association of Home Builders will help you accomplish both.
What if… I add an addition onto my home; do I need to contact my agent regarding my home insurance?
Most likely, the addition you’ve added to your home has increased the value of your home and your home insurance should be re-evaluated. It is also important to contact your agent with any updates you’ve done to your home (ex. new roof, updated plumbing, new furnace and/or air conditioning, updated wiring). These updates and upgrades could result in additional discounts and could make a difference in the total amount of insurance you carry on the dwelling portion of your homeowners insurance.
Sending your child off to college can be one of the most stressful, yet rewarding times in a parent’s life. More than likely, your child’s checklist for college will not include “Check on Insurance.” You may need to adjust your insurance policies to ensure your child is covered when he or she goes to school.
There are a number of benefits of a solid home insurance policy, not the least of which is the peace of mind that comes from knowing that a person’s most important investment is protected. Depending on the type of mortgage that an individual has, it may even be required by their bank to have one of the different types of home insurance policies in Michigan.