Posted in Insurance
/ October 29, 2012
Homeowners insurance (also known as hazard insurance or abbreviated as HOI) provides coverage for catastrophic events that may occur to your home. It covers the house, contents, personal liability and medical payments exposures. Most mortgage lenders require homeowners to maintain homeowners insurance as a loan condition.
Glossary of insurance terms:
What you pay out of pocket after your claim is approved.
Insurance policy rider
Riders are optional coverages that are available to enhance your homeowners policy. Possible riders are jewelry riders, replacement cost coverage on your home, replacement cost coverage on contents, water/sewer backup, etc. For example, homeowners purchase riders when the valuables they wish to insure are excluded from the standard policy or when the standard policy will only cover a portion of the item's value.
Anything that your policy does not cover. An insurance company can contest your claim and refuse to pay if it involves loss of property that was not covered in your original contract.
This annually adjusts your policy limits to compensate for inflation.
The amount of money you pay (usually over the course of a year) for your insurance policy. You'll pay a higher or lower premium depending on how large your deductible is, what you are insuring and a variety of other factors.
Your formal request for the insurance company to reimburse you for damages. An insurance agency can contest your claim and refuse to pay if your claim involves loss of property that was not covered in your insurance policy.
Want to learn more about homeowners insurance? Call our affiliate, American Home Insurance Agency, Inc., and speak with a licensed insurance specialist today. It's free!
Posted in Homeowner resources
/ October 22, 2012
As impossible as it seems, Halloween is just around the corner. If you aren't already in full fall decorating mode, we have some inspiration for you on our Pinterest board!
Things you'll find...
Pumpkin decorating ideas
Jack-o-Lantern wearing out his welcome? Explore a few alternatives to traditional pumpkin carving.
Bring the beauty of the outdoors into your home with some creative autumn accents.
Cold-weather comfort food
It's time for savory soups, hot beverages and other tasty treats.
While you're there, check out our other fun pin boards. We've collected recipes to try, home decorating ideas, homebuyer tips, organizing ideas and more. Follow us to see fresh ideas weekly!