Category: Home Insurance

HOME INSURANCE POLICY VS. LENDER PLACED COVERAGE



Homeowners Insurance vs Lender Placed Coverage   Are there differences between a homeowner policy you would purchase from an insurance agent and a policy that you would get directly from your lender? Yes, there are.  Coverage directly from the lender is also known as “force placed coverage”.   The purpose of a homeowner policy is to make […]

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What Happens When a Tree Falls?



What Happens When a Tree Falls? Fall and Winter in the Pacific Northwest We are now in the Fall and Winter storm season and in the Pacific Northwest this means trees fall during windstorms. Are you covered if a tree in your yard falls on your house? What if a neighbors tree falls on your […]

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Rapid Rise in Construction Costs



Construction Costs Are On the Rise (Rapidly) As many have noticed, in the last year, the cost of building materials has increased exponentially nationwide. Our brokerage has local examples of contractors we work with who are putting expiration dates on bids at this time because they can no longer guarantee what the material costs will […]

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What happens if I get sued? Homeowners Insurance – Liability Coverage Explained



Homeowners Insurance – Liability Coverages Explained Have you ever wondered how the Liability Coverage on your homeowner policy works? Or what Medical Payments would cover? What exactly is Personal Injury? You likely have most if not all of these coverages on your current homeowner policy. So, what exactly are you covered for and how much […]

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Financial Asset Worksheet – How Much Coverage Do I Need?

Do you have the coverage you need? A quick calculation of the following items may help you determine a minimum appropriate limit of liability insurance for your current situation. Financial Assets Equity in your home: $______________ Investments: $ ____________________ Savings/Checking Cash on Hand: $ _________________ Future Wages: $____________ Total amount you have at risk = […]

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Homeowners Insurance – Know Your Coverage Options

Home Insurance Image

Homeowners Basics An essential step in purchasing a home is getting homeowner’s insurance. However, understanding terms like Insurance to Value, Replacement Cost, Extended Replacement Coverage and Market Value may seem like a tough feat.  If you want simple explanations to these important insurance terms, you are in the right place! Replacement Cost Replacement Cost: Coverage […]

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What if I lose my wedding ring?



Is your homeowners insurance policy enough? Homeowners and Renters policies provide coverage for personal property.  These items are covered for losses caused by all the perils listed on your policy such as fire, windstorm, theft and vandalism.  However there are special dollar limits for certain collectible items for specific perils. For example, there may be […]

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