Several states experienced the first catastrophe of 2014 when temperatures fell into the single digits. Pipes froze, burst and caused substantial water damage. Insurance claims were filed but policyholders didn’t realize they had a deductible or how much the deductible was and how it effected the policy. State Farm, the leading property insurer in the…Read more
Identity Theft Protection
Identity Theft is big business as 40 million Target customers experienced this December. Identity Theft Protection (ITP) can be added as a rider on your homeowners insurance with most companies for the cost of a pizza. Identity Theft Protection usually covers you up to $15,000 or $25,000 of monetary damage, however; it also helps you…Read more
Joint Custody and Homeowners Insurance
Going through a divorce is not easy. I know because I recently went through an expensive one! With more than half of all marriages ending in divorce you need to be aware of coverage gaps with homeowners insurance especially relating to liability coverage. Most divorce decrees will spell out which party is required to pay…Read more
Protect Your Greatest Asset with Homeowners Insurance
You think it never will happen to you. Surely you never will have a fire, theft, storm, or accident in your home. But, if the unthinkable does happen, you’ll want to have homeowners insurance to protect you. Homeowners insurance is there during your times of greatest need to protect what is probably your biggest asset.…Read more
Water Backup – What’s Covered, What’s Not?
Homeowners insurance is designed to cover a sudden and accidental loss but there are exclusions. One of the most common exclusions is water backing up from a sewer line and overflowing into the home. There are policies that provide coverage for water backing up through sewers or drains as long as it originates on premise.…Read more
Rental Property Insurance vs. Homeowners Insurance
Robert moved from Richmond, Virginia to Leesburg and called me to update the mailing address on his insurance policies. I asked him what he was doing with his house in Richmond and he told me he tried to sell it but couldn’t get his asking price so instead he decided to rent the house. Robert’s…Read more
Why Are Home Insurance Rates Increasing?
Home insurance rates are increasing in Richmond, Virginia and throughout the country. There are several reasons for the increases, which I’ll describe, along with what to do to make sure your policy provides the coverage you need at an affordable rate. Home insurance rates are increasing because claims have substantially increased in the last five…Read more
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