One of the many advantages of using an independent agent is that we understand your risks and can design a homeowner’s policy that provides the insurance coverage your family needs. There are many different insurance companies and kinds for coverage from which to select. Call our office to make sure you have these things covered:
Unique Things Covered By Homeowner’s insurance.
1.That $5,000 diamond ring. Most homeowners polices have limitations on jewelry. If you have jewelry valued over $1,500 you will need to endorse your policy.
2.Hotel stays after a covered loss. If you have “loss of use” coverage on your homeowner’s policy, it will cover the costs to house your family in a hotel, or other location, while the repairs to your home are being completed. Subject to policy terms.
3.Dog bites. If you have a dog, your homeowner’s insurance can cover liability arising from your dog biting a third party. Certain breads may be excluded.
4.Food in your refrigerator. Homeowner’s insurance can also cover all the goodies in your fridge. Say a big storm knocks out the power and everything in your fridge spoils. Well, don’t worry. Your homeowner’s coverage will likely step in to help. Coverage may be subject to your deductible.
5.Imported oils and other special foods. If a covered loss cause’s damage to expensive imported foods, your homeowner’s policy can provide coverage; as long as you are not running a business out of your home.
Please check with our office regarding these items. All coverage will be subject to your actual policy terms and conditions.
This Newsletter Brought to you by Harrison Insurance Agency, Inc.
Global temperatures are on the rise, and extreme weather is one of the most pressing issues of our time. As the Earth’s climate changes, our insurance premiums will too. Here’s what you need to know.
Are insurance premiums going to rise because of climate change?
Global temperatures are on the rise, which is causing climate change. And with climate change comes an increased risk of natural disasters like hurricanes, earthquakes and wildfires. These disasters can cause extensive damage to property, and as a result, insurance premiums are likely to rise.
How big of a rise can we expect?
It’s difficult to say for sure, but experts believe that insurance premiums could go up by up to 50% in the next decade. This is because the risk of natural disasters is increasing as the Earth’s climate continues to change.
What can I do to protect myself?
Unfortunately, there’s not much that individuals can do to protect themselves from the effects of climate change. However, you can take steps to reduce your risk of a natural disaster happening in the first place. For example, you can make sure your home is properly insured, and you can have a disaster plan in place.
Disasters can happen anywhere in the world, so it’s important to be prepared. If you live in an area that’s prone to natural disasters, make sure you have an evacuation plan and some emergency supplies on hand. And if you do experience a natural disaster, make sure to contact your insurance company as soon as possible.
Flooding is becoming more frequent and extreme.
Flooding is a common natural disaster that can cause serious damage to property. Even a few inches of water can cause extensive damage, and many homeowners and renters insurance policies do not cover flood damage.
Homeowners and renters who want to protect themselves from potential flooding damage should consider purchasing a flood insurance policy. Flood insurance policies are available through the National Flood Insurance Program (NFIP), which is administered by the Federal Emergency Management Agency (FEMA).
The NFIP offers two types of flood insurance policies: standard and excess. Standard policies provide up to $250,000 in coverage for building damage and $100,000 in coverage for personal property. Excess policies provide up to $500,000 in coverage for building damage and $500,000 in coverage for personal property.
Flood insurance policies are not available in all areas. Homeowners and renters who want to purchase a policy should contact our office to see if coverage is available in your area and what the cost might be
In general, the higher your risk of flooding, and the coverage you need, the higher your flood insurance premiums will be. However, there are a number of ways to reduce your premiums, including raising your deductible and taking steps to reduce your risk of flooding. Please call our office at 512-377-6869 for more information.
It is the time of the year when parents and college students start gearing up for the next college semester. We hope your students are headed off to college. As parents, you worry about many things, including the safety of your children. Insurance may not be on your top ten list of things to consider, but it should be.
One of the most important things your student will need at school is something that doesn’t have to be packed – the right insurance coverage. Here is a list of some of the items you might consider before your college student heads the University.
Is Your Student Renting An Apartment?
If your child is renting a home or apartment with others, you may want to consider a renters policy. We usually recommend separate renters as this will keep any liability separate from your individual policy. The apartment manager may also require renters insurance.
Personal Property Such As Expensive Computers
Depending on the value, items like clothes and computers should be covered under your homeowner’s policy if your student has an expensive computer, smartphone, tablet, jewelry or other items, you might not be covered. Most homeowner’s policies have limitations on items valued at over $1,200. This will depend on your individual policy; we recommend contacting your independent agent.
This coverage is provided anywhere the student goes, inside the U.S.A. Your student will be covered under your current homeowner’s policy or even a renter’s policy if one is in place.
Identity Theft Insurance
Identity theft is one of the fastest growing crimes in the U.S. College students are very active in online activity, including shopping. Protecting financial records, credit card information, and student records is important. Students are often victims of identity theft as they tend not to check their credit information.
It might be a good idea to purchase a personal umbrella during the time your student is attending college. The umbrella policy would provide higher limits just in case there is a serious liability issue. An extra $1,000,000 of coverage can go a long way and provide added peace of mind.
What Auto Insurance?
If your student takes their car to college, you need to call your insurance company. Depending on where they attend college, you may have to make changes to meet minimum coverage requirements for that state, which may impact your premiums.
Children can remain on your health policy until the age of 26. Many colleges will offer student health insurance at a very reasonable cost. Here are some good options to consider
Stay on the parent's group plan
Purchase health insurance from the college or university
Sign up for Obamacare (subject to some limitations)
Depending on your income situation, you may be eligible for Medicaid
Some colleges may have specific insurance requirements, so check with the admissions office to make sure your student is covered. We recommend you contact our independent insurance agent to discuss your individual needs. Having the right insurance coverage can help give you peace of mind, knowing you and your child is protected.
Spring is here… well, almost. But we know that many of you may be getting ready to fire up your grill. Fire up the grill, and bring on the steak; it is time to barbecue. But be safe. Did you know that there were over 8,000 home fires that started from gills? 27% of these were stated on a balcony or porch. Every year over 7,000 people are injured while grilling. Grilling safety tips
Clean your gill before you start the new season.
Always check for leaks on gas grills.
Keep paper and other flammables away from the grill.
If you use a starter fluid, use only charcoal starter fluid. Never add charcoal fluid or any other flammable liquids to the fire.
Never BBQ inside, in a garage, on the roof or on a second story deck
Never leave your grill unattended.
Never store or use flammable liquids, like gasoline, near the grill.
Open the grill lid before you light it.
Don’t wear loose fitting clothing.
Keep a fire extinguisher outside or close by.
Never bring the propane tank into the house.
Make sure you use the grill 10 feet away from your house.
Don’t over indulge in alcohol while barbecuing.
Always clean your grill after every use. Don’t allow grease to build up.
We know that reading an insurance policy can be tough. The insurance industry is working hard to make auto, home and business insurance policies easier to read. Most insurance policies are 40 to 60 pages, with lots of legal terms that are hard for even attorneys to understand.
But the fact remains, it is very important that you read and understand your insurance policy. To help make the task easier for you, we offer this guide.
Insurance Policy Reading Tips
Start With The “Declarations Page”
Check all the information to make sure it is correct.
Review address, policy dates, and names insured.
Review limits to make sure they are what you ordered.
Confirm premium information.
For Auto Policies, Check The “Vehicle Information”
Is the correct vehicle identified?
Verify the VIN number.
Confirm the vehicle’s value.
Review the list of drivers if they are identified.
The “Insuring Agreement”
This is the section where most of the key coverages will be found. Take time to review the various coverage and coverage terms.
It is very important to read this section as well. Typical examples of excluded perils under a homeowner’s policy are flood, earthquake, and wear and tear. A typical example of an excluded loss under an automobile policy is damage due to wear and tear. Business insurance exclusions can include employment liability, cyber liability, and criminal acts.
Every policy should include a Definitions Section to provide an explanation of a certain language.
We are your trusted partner. Call us to help you better understand your policy. We can help explain what is in your policy and more importantly, help make sure that you are appropriately protected for the future.
We are committed to providing clients with the highest quality insurance plans available combined with some of the lowest possible rates. Whether you are shopping for auto insurance, home insurance, life or business insurance, we can help you obtain the best coverage available with the lowest rate possible.
All of us at Harrison Insurance Agency, Inc. truly value the long term relationship with our clients, and are proud to give families, individuals and businesses the personal attention required when it matters most. When claims arise, we realize that it can be very stressful and will do everything possible to assure timely and complete recovery.