My Safe Florida Home program

December 10, 2010 Uncategorized
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Hurricane season starts in two months in LEE COUNTY, Fla and with the help of “My Safe Florida Home” program thousands of Floridians are making their homes safer, the people here know that the hurricane will make a vast damage on their homes and its such a waste if they will allow the hurricane to destroy all the things that they have invested. My Safe Florida Home have this program offers, the free home wind inspections. With this program you can save some money ,Im talking about serious money because even if you don’t fix anything for the reason that between 19-21% of average savings for homeowners in Lee, Charlotte, and Collier counties on their home insurance and in some cases even more than that.

Direct Line launches insurance for home businesses

November 10, 2010 News Updates
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One of the UK’s leading insurers, the Direct Line, launched a new insurance product developed for people who run a business from home. The Cover includes product and public liability plus several add-on options, such as cover for theft or accidental damage to items such as laptops or mobile phones. There is a free 24 hour advice line offering emergency assistance and legal advice. Via umbrella brand ‘Direct Line for Business’, the home business insurance policy is available which is an addition to the suite of products launched last autumn. The Other products being launched this spring include insurance for small offices, hotels and pubs.

Captive Sellers Part 2

October 10, 2010 Information
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Being cheap doesn’t come without a price though. Although their low commission structures can most often work up quotes that could compete with direct writers’ quotes, the drawbacks are just as large. For one thing, buying from an in-house agent will not give you much choices in homeowner policies. This is not a good thing in cases where there is a high risk for the company. Also, agents will not be able to help you if the insurance they offer is the kind you need.

Picking and selecting insurance companies is a very selective and tiring process but should a customer fail to choose the right one, it will end up in losses instead.

Captive Sellers Part 1

September 14, 2010 Information
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Captive sellers are known as they are because they employ an in-house, or should we say, “captive” sales force. Some examples of these kinds of sellers are Allstate and State Farm. The largest home insurer in the US is State Farm, with a total “capture” of 24.2% of the 24 billion dollars in homeowner polices every year. Following closely behind is Allstate with a 12.5% share in the homeowner polices.

The reason why they offer such low costs is that they pay commissions of about 8% to their salespeople compared to other average commissions of 13 – 20% at agency writers.

What you need to ask yourself before getting a home insurance

August 10, 2010 Information / Tips
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For this series of entries for this month’s Home Insurance Blog, I will be tackling basic questions that have been overlooked by consumers. Getting home insurance is an excellent investment if used and analyzed wisely but will be a waste of precious, hard-earned money if you are getting home insurance for the wrong reasons.

So before I proceed, let me give you a little backgrounder on home insurance. It is commonly called hazard insurance or homeowners insurance, and is often abbreviated as HoI. There are different plans or policies of HoIs and each differs on the agreements such as the coverage. And these are the things and factors that should be considered and be thought about when getting insurance.

How much is my house and its contents worth?

July 10, 2010 Information / Tips / Updates
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Before starting the insurance plan, agents will assess the value of the house first, such as its age, the area where it is on, and how it is built, but you can have your own estimate on that thing. Also, you will have to assess the worth of possessions in the house itself.

Remember that you don’t need to insure your lot since nothing will be destroyed if a fire happens or what not, just your house and its contents. And if you are to renew your plan, try to reassess your house and possessions – maybe the area became popular, or you bought something very expensive, you may need to pay a higher plan for you to insure these possessions or if you’ve sold something, you may be actually paying a lower plan for your household.

What would my insurance plan cover?

June 10, 2010 Information / News Updates
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Before signing anything, or even talking to an insurance agent, get to know first your house, its environment and where do you actually reside. Basic HoI plans cover fire damages and lightning damages, it’s considered basic because fire can be anywhere and it can even affect a stone house. By knowing your house, you have to nuance your insurance plan to your house. If you are residing in a flood prone area, might as well add that in the provisions of your plan. And take things that are very unlikely to happen in your area such as damages due to a riot or other events that could possibly tear your house down, but the possibility is just low.

Coverage can also extend to personal loss of property or even the life of people within the household (assuming that something happen inside the home). But if you have these covered prior to the home insurance, might as well exclude those from your plan.

Additional Coverage

May 10, 2010 Information
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What other additional coverage can be included in your homeowner’s insurance policy?

coverage for damages from perils such as:

� fire and smoke
� tornado or windstorm
� hail and lightning
� falling objects, collapse and aircraft
� explosion
� water damage
� glass breakage and vandalism
� worker’s compensation for occasional residence employees

damage to your home caused by the following:

� riot or civil commotion
� weight of ice or snow and freezing damage
� cost of debris removal after loss
� sudden and accidental electrical damage to appliance

These are included in most websites for home insurance companies.

Claiming an insurance, not as easy as it sounds

April 10, 2010 Tips
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To any normal person in the street, claiming insurances should be made whenever disaster strikes or an accident happens. Simple? If only it were true in real life.

The decision to file a claim or not is rarely simple. Or it maybe, in the mind of a simpleton. The intricacies of such a simple yet heart-pounding decision are such that most of the time, filing a claim will cause the company to raise your rates. Other times, the company puts your name in a database that includes other people whom the company will give a hard time getting or maintaining coverage in times to come.

Homeowners Insurance Shopping Update

March 10, 2010 Tips / Updates
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Buying homeowners insurance for the first time? Renewing your policy? Trying to increase coverage? Thinking about filing a claim?

Think again.

Obtaining and retaining homeowner insurance isn’t what it used to be. Moisture and mold, mounting natural disasters, and perhaps even California’s fires could play a role in your coverage and what it costs.

Experts are advising a staunchly proactive approach to keeping your most valuable asset well protected from damage or loss.

Read here (RealtyTimes.com) for the most current advice for acquiring and retaining insurance for your home.

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