InsuranceYak.com

Insurance discussion and general information

Replacement cost: the Fast and Easy method

The February issue of Consumer Reports, the magazine has a cover story which lists 12 costly common money mistakes people usually make.  Surprisingly enough, one of the top 5 issues was insurance related:
#4. Underinsuring your home

Potential loss of income: $16,000 to $194,000
How : You could lose if your home is underinsured and disasters happen. It […]

Dogs and Homeowners Insurance

Dog Liability and Homeowners Insurance
Insurance companies have paid particular interest to dogs in recent years and have worked at field underwriting all Homeowners and Renter’s policies for dog exposures. Their main focus is to eliminate exposure to severe losses. In 2002, dog-bite claims cost insurers almost $350 million, and accounted for a full fourth (1/4) of […]

Insurance for Landlords

Definitions of Rental Property Coverage
This applies to residential property with 1 - 4 units and no commercial exposure (no apartments on top of stores or houses used for a public access business). Any property with 5 or more units is considered commercial coverage.
A standard policy has four parts:

Declarations - Insurance company name, name of insured, address of […]

Renters insurance - Get what you need

Renters insurance - Not just about price 
Q:  Is anything else important, other than price that I need to consider when shopping for renter’s insurance?
Top things: Price isn’t everything
Property Coverage

Make sure the coverage you have is enough for all your stuff. Make sure you have a replacement cost endorsement .
Make sure your policy covers other high priced items you […]

Insurance and Credit scoring

Top ten FAQ of All Time 
Q:    My insurance company wants to check my credit?  What’s that got to do with insurance?

A:         Apparently everything; Commercial policies have been credit checked for decades, Insurers started credit checking personal lines ( life, homeowners, car insurance) polices in the 1990s and have been doing it long […]

Replacement cost: Why’s it important

Homeowners insurance replacement cost discussion.
I was happy to read JBL of All Finance Matters announce his one millionth hit.  While I was visiting  All Finance Matters I decided to review some older insurance related articles he’s published.   Being inside the insurance industry, I appreciate people from outside the industry sharing their opinions. Especially if they can articulate their […]

California Wildfire - Claims Phone Directory

800- phone number directory for major California insurers: 
Those who have been impacted by the California wildfires, and see their insurer listed here, can call the company free of charge with claims questions at the following numbers:

AAA Insurance (800) 672-5246
Allied (800) 282-1446
Allstate (800) 547-8676
American International Insurance Company of California (888) 760-9195
American National Property and Casualty Company […]

California Wildfire Insurance Questions

After a wildfire, people usually have questions about the coverage provided by a typical homeowners, renters, or auto insurance policy. Here are some questions and answers concerning the burn happening in California.   For coverage questions regarding your policy, contact your agent or company claims center.
HOMEOWNERS COVERAGE
Q.  Who’s going to pay for all that damage […]

Home insurance checklist - After the purchase

Part 4 of 4     See Part1      Part2      Part3  
AFTER YOU PURCHASE YOUR NEW HOME

Properly maintain the house:  Maintain your home as you would your car. Every year, there are important things you should do to reduce the chance that you will experience water damage, fire or other insured loss. Insurance does not pay for routine […]

Home buying Checklist - Purchase the House

PURCHASING THE HOUSE AND INSURANCE
Part 3 of 4                        See Part1   or Part2  

Congratulations, you are set to purchase your new home. Now you want to be sure you are getting the right insurance coverage at the lowest possible price.
Take the highest deductible you can afford: The higher the deductible, the lower the premium. Since most people […]

© InsuranceYak.com