Remodeling? Keep rebuilding cost in mind

home-remodeling

Make sure the insured value of your home
keeps up with your home remodeling plans.

While stuck indoors this winter, did you look around and plan any home projects? Whether you do it yourself or hire a contractor, remember to update your homeowner insurance as you increase your home’s value.

The Coverage A limit on your homeowner policy is the amount of insurance you have to reconstruct your home in the event of a total loss. All costs associated with replacing or rebuilding your home are considered when developing this Coverage A limit. When you make changes that increase the value of your home, you may also need to increase the coverage limit.
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Don’t be surprised by the cost to rebuild your home

home-inspection

An inspection can help identify special features in your home.

Many people don’t know where to start to estimate home value when purchasing homeowner insurance. For some, the first instinct may be to insure the home based on mortgage value. Others may look at real estate market value, property tax basis or some other factor. But any of these values could be far less than the actual cost to rebuild, and that is the key consideration when buying insurance to protect against a loss.

There is no way to guarantee the cost to reconstruct your home in the event of a loss at some future date, but there are a couple of tools that can point you in the right direction. Read More

How medical expenses affect insurance premiums

medical-emergency

Life-saving technology can also add to medical costs.

Consumers often wonder what factors affect insurance premiums. One big factor is the rising cost of medical treatment.

General liability, homeowner, workers’ compensation and auto insurance claims all are affected by post-accident medical expenses. From initial emergency response and trauma care to surgery, physical therapy and beyond, medical services are essential to helping people recover from an accident. But these life-saving measures are also major expenditures that impact insurance rates. Read More

How to keep that ‘new car feeling’ alive

new-car-feeling

New car? Protect your investment.

It’s hard to describe that little rush you feel when you drive away from the dealership in a shiny new car. Whether it comes from knowing that you’ve finally purchased the car of your dreams, feeling proud that you’ve found a safe vehicle to transport your growing family, or realizing that you now have payments to make for the next three to five years, you’re definitely feeling a surge of energy as you head down the highway for the first time in a new vehicle.

One thing you shouldn’t have to feel is concern about car insurance, but especially when you’ve purchased a new car – which can depreciate as much as 15-20 percent in the first few years – you’ll rest better knowing you’ve got the right coverage.
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