…that EARTHQUAKE insurance must be specifically added to your policy for that damage to be covered. It’s relatively inexpensive, but 98% of home owners in this area don’t have it!
…that the JEWELRY limit for loss by theft is only $1,000 on most policies. By specifically listing your expensive items, you avoid this limit and broaden your coverage substantially!
…that to get REPLACEMENT COST coverage on your contents, you need a special endorsement on your policy. Otherwise, your contents are covered only for ACTUAL CASH VALUE.
…that by INCREASING THE DEDUCTIBLE to $500 from $250, you save approximately 10% of the premium…increasing to $1000 from $500, you save almost another 10%!
…that any type of BOAT OR WATERCRAFT is only covered on the “insured premises” for up to $1,000. Also, the homeowners liability coverage DOES NOT apply if the motor exceeds 25 horsepower.
…that you may increase your PERSONAL LIABILITY coverage to $500,000 at a minimal cost or you may purchase a $1,000,000 UMBRELLA policy which provides liability coverage above and beyond your homeowners, automobile and watercraft policies for a reasonable price.
…that FLOODING is specifically excluded under all homeowners policies. This coverage must be purchased on a separate policy with a 30 day waiting period.
You can purchase some limited water damage coverage for a sump pump malfunction or backup as an endorsement to the homeowners. Please call for details.
…that insuring your house for LESS THAN 90% of its replacement cost value can result in DEPRECIATION at the time of loss settlement on the structure.
If you are not sure what your replacement cost should be, please call the office.
…that special coverage for IDENTITY THEFT may now be added by endorsement to the homeowners policy for a very nominal charge. Please call for details.
IF YOU HAVE ANY QUESTIONS OR WOULD LIKE ADDITIONAL INFORMATION ON ANY OF THESE OPTIONS, PLEASE GIVE OUR OFFICE A CALL AT (508) 678-9611