Moving into a new house is an exciting time. But it can also come with a steep learning curve.
From the moment you get the keys, you’ll start to discover what makes your home unique – including the many systems that make it function.
As you familiarize yourself with the ins and outs of a new space, it helps to start with the basics. Because, let’s be honest: The best time to find your water shut-off valve is before your first leak – not after.
Here are 15 essential things you should know about in your new house:
Electric panels. Knowing the location of your home’s electric box will quickly pay off the first time you trip a breaker. Typically, electric panels are located in a basement, garage or utility closet. After finding them, familiarize yourself with the design of your breaker box. Know how to turn off the main circuit, as well as individual breakers. If the breakers aren’t labeled, take some time to turn each circuit off and correctly label the areas of your home they power.
Water shut-off valve. Whether you need to replace a leaky faucet or prevent a burst pipe from flooding your home, it’s important to know how to quickly turn off the water supply. To do this, you’ll need to locate the shut-off valve connected to the main water line entering your home. If your home has a basement, check for the shut-off along one of the outside walls. If your home does not have a basement, check for the water shut-off at ground level near your hot water tank. After you find it, make sure everyone in your home knows where the shut-off is located in case of a plumbing emergency.
Because things like sewer and drain backup or flooding can happen at any time and can be expensive, consider adding Extended Water coverage1 from Erie Insurance. It protects you if you have damage from floods caused by natural disasters, along with other causes of loss such as water backup from sewers or drains. With Extended Water, you’ll have coverage for direct physical loss to your home, garage or other structures, and personal property that’s been damaged as the result of an extended water event.
Gas shut-off valve. Depending on your home’s configuration, a number of appliances may be fueled by natural gas – including your water heater, fireplace, furnace, oven, dryer and more. Local building codes typically require that every natural gas fixture has its own shut-off valve. But in case of a gas leak, you should also know how to turn off the main gas supply in your home. In most cases, your main gas shut-off valve will be located outside the home near the gas meter (it may also require the use of a wrench). And remember: natural gas leaks can be deadly. So if you suspect a gas leak in your home, call 911 and evacuate the area immediately.
Dryer vent. Did you know that clothes dryers cause roughly 15,500 home structure fires, 29 deaths, 400 injuries and $192 million in direct property loss each year? To help protect your home from dryer fires, make sure you clean the lint from your dryer – and dryer vent – regularly. To clean your dryer vent, start by locating the point where it exits the house. This will likely be on an outside wall near your laundry room. But depending on your home’s design, the dryer could also vent through the roof. Then, use a dryer vent cleaning kit (available at any home improvement store) to remove any trapped lint. And make sure the vent isn’t obstructed from the outside.
Sewer or septic lines. Nobody likes thinking about the wastewater system in their home. But if you ever experience a major plumbing issue, it helps to know where the key components of your sewer or septic system are located. If your home is connected to a city sewer system, find where your main sewer line exits the home and check for a cleanout valve. If you have an older home and the sewer cleanout isn’t serviceable, consider getting it replaced as preventative maintenance. For septic systems, you’ll also want to know where your tank access points are located, as well as any inspection ports.
Well location. If your home isn’t connected to a city water supply, make sure you know the location of your well. Depending on your home’s design, the well may be located indoors in a crawlspace or basement. If you can’t find it inside, look for signs of a well cap, casing or pit in your yard. Knowing the location and general design of your well system can help expedite repairs if part of your system begins to leak or fail.
Meter locations. To measure your home’s gas, electric and water use, each utility service will have its own meter. After locating these meters, be sure to keep the area around them clear and easily accessible.
Furnace filters. A clean furnace filter not only improves the air quality of your home – it also helps your furnace run more efficiently. Depending on the design of your furnace, experts recommend replacing the filter every 30 to 90 days. Note the location and size of your furnace filters, then pick up a few replacements to have on hand. We put together a helpful article addressing all of your furnace filter questionsalso.
Crawlspace and attic access. Every attic and crawlspace is different. Some may provide access to utilities and appliances, while others are just empty space. Either way, it helps to know how you can gain access to each area of your home – just in case. It’s also helpful if you hear little feet running around up there and need to check your attic for squirrels.
Sprinkler system. Does your new home have a sprinkler or irrigation system? If so, take the time to understand how it works. This includes learning how to set the timers, shut off the system and winterize the pipes to prevent freeze damage.
Smoke alarms. Ensure that you have at least one smoke alarm on every level of your home. Then test them regularly to confirm the batteries work. You may also want to check the expiration date (smoke detectors should be replaced every 10 years). If you have young children, let them hear the sound of an alarm in advance. This will help them recognize the sound during an actual emergency.
Property lines. After you buy a new home, familiarize yourself with its exact property lines. You can do this by using a metal detector to find the stakes buried at your property lines, or get a surveyor to mark the lines for you. Not only will this help you decide where to install your fence or landscaping, it can also prevent potential property disputes from your neighbors.
Sump pump. Failing sump pumps are a notorious cause of home flooding. To ensure your sump pump is working properly, test it a few times each year. You can do this by pouring water into the sump pit until the pump kicks on. To protect against damage caused by a failing sump pump, you may also want to consider adding an ErieSecure Home® bundle to your homeowners insurance policy. Our Plus and Select bundles give you the option to add Sewer or Drain Backup coverage2, which covers losses caused by water that overflows from a sump pump.
Gutters and downspouts. Poor drainage can be a common cause for wet basements. Help direct rainwater away from your home’s foundation by inspecting your gutters and downspouts. Make sure the gutters are clear and test any underground drains with a garden hose to check for clogs. If water starts backing up, you’ll want to clear the lines or redirect your downspouts away from the home. Regularly inspecting your home can also help prevent heavy rain from doing a number on it when it hits.
Fireplace. If your home has a gas or wood-burning fireplace, familiarize yourself with how it’s designed. Learn how to operate the damper (it should be open when using the fireplace and closed at all other times). The Chimney Safety Institute of America also recommends that your chimney is inspected once a year to protect against risks associated with fire and carbon monoxide.
Looking After You
Home owning has many rewards, but it also involves its share of demand. As an Erie Insurance customer you can rest assured – knowing that while you’re looking out for your home, we’ll be looking out for you.
We posted a blog about an umbrella insurance policy before, but since it’s been a few years, let’s review again.
In today’s world, insurance is a common aspect of financial planning. Most people have auto, home, and life insurance policies to safeguard their assets and loved ones against unexpected events. However, there’s one crucial type of coverage that often goes unnoticed but can prove to be a lifesaver in dire situations: umbrella insurance.
Picture this: You’re involved in a car accident that results in the tragic loss of life, and a jury awards the deceased’s family $900,000, factoring in the potential earnings of the victim. Or perhaps you’re helping a friend with some home improvement tasks when an accident occurs, leading to a severe injury that costs over $1.2 million in damages. These scenarios may seem improbable, but they highlight the harsh reality of personal liability claims.
This is where umbrella insurance comes into play. Essentially, it provides an additional layer of protection beyond the limits of your existing homeowner’s or auto insurance policies. With umbrella coverage, you can secure an extra $1 million or more in liability protection, shielding your assets and financial future from the potentially devastating impact of high jury awards.
Why might you need umbrella insurance? Consider this: if you have a job with significant earning potential or own assets that could be seized to satisfy a judgment, you’re at risk of facing substantial financial losses in the event of a lawsuit. An umbrella policy acts as a safety net, offering peace of mind knowing that you’re prepared for the unexpected.
Despite its extensive benefits, umbrella insurance is surprisingly affordable. The peace of mind it provides far outweighs the relatively low cost of premiums. If you need to use an umbrella policy, you are dealing with a catastrophic event! The possible financial losses can be mitigated with a simple umbrella policy.
So, do you need an umbrella policy? The answer is a resounding yes, especially if you want to ensure that your hard-earned assets and future earnings are shielded from the potentially devastating consequences of a personal liability claim.
Don’t wait until it’s too late—reach out to your insurance agent to learn more about how umbrella insurance can safeguard your financial well-being.
Homeowners across the nation, including Kentucky, have been noticing a steady rise in their insurance rates, leaving many wondering why. Let’s look at the various factors contributing to the surge in homeowner’s insurance rates, shedding light on the complex landscape of risks and changes that insurers are navigating.
Rising Risks: One of the primary drivers behind the surge in insurance rates is the increasing frequency and severity of risks. Natural disasters such as hurricanes, floods, and wildfires are becoming more common. Frozen pipes bursting, wind and hail storms and tornadoes in Kentucky in 2023 are the leading factors in the rising risks profiles here.
Cost of Home Repairs: As the cost of living continues to soar, the expense of home repairs has followed suit. A roof repair that used to cost $8,000 is now an average cost of $13,500 – almost double what it was even a few years ago.
Technological Advancements: The integration of smart home devices and advanced security systems has become a prevalent trend among homeowners. While these technologies enhance security, they also pose new challenges for insurance companies. Repairing and replacing these systems is costly.
Climate Change Impact: Climate change is undeniably affecting the frequency and intensity of extreme weather events. The last 12 months in Kentucky have seen some of the most active weather events we have witnessed in decades. Sub-zero temperatures causing frozen/burst pipes. Too many hail and wind storms to count. Tornadoes. Unprecedented flooding. Obviously, the premium impacts these events have on home insurance can’t be overstated.
Data Breaches and Cybersecurity: In an era dominated by technology, data breaches and cybersecurity threats are on the rise. Many homeowner’s policies provide coverage for these types of claims, which can affect rates as well.
Policyholder Behavior: Not to be overlooked is the impact of policyholder behavior on insurance rates. Neglecting home maintenance or leaving valuables exposed can increase risks, prompting insurers to adjust rates accordingly. Filing claims for minor incidents is another big mistake many homeowners make. Homeowners not taking proper precautions with swimming pools, trampolines, and dogs contribute to claims and premiums.
As we navigate the landscape of rising homeowner’s insurance rates, it becomes evident that a confluence of factors is at play. From the changing climate to technological advancements and individual behaviors, understanding these dynamics is crucial for both homeowners and insurers.
For personalized advice tailored to your unique circumstances, consider consulting with your insurance agent. Whether it’s exploring risk mitigation strategies or understanding policy options, they can provide valuable insights to help you navigate the evolving landscape of homeowner’s insurance.
We’ll discuss ways to mitigate higher premiums in another blog post, so keep an eye out for that information!
The holiday season is a time of joy, laughter, and festivities, but it’s also essential to prioritize safety to ensure that your celebrations remain merry and accident-free. As your favorite insurance agent, I am here to provide you with valuable tips to safeguard your home, loved ones, and belongings during this magical time of the year.
Secure Your Home Against Burglaries: The holiday season often sees an increase in burglaries. Before leaving for holiday gatherings or vacations, double-check that all doors and windows are securely locked. Consider investing in a smart home security system for added protection. This not only helps prevent break-ins but may also make you eligible for insurance discounts. Also, post your away-from-home Christmas travels on social media AFTER you return. Don’t advertise that you will be gone to Aruba for a week beforehand.
Mindful Decoration Practices: While decking the halls, it’s crucial to be mindful of your decoration choices. Opt for flame-resistant or flame-retardant decorations to reduce the risk of fire hazards. Keep candles and decorative lights away from flammable materials and never leave them unattended. Water your Christmas tree regularly, and if you choose an artificial tree, ensure it is labeled as fire-resistant.
Travel Safety Precautions: If your holiday plans involve travel, take precautions to ensure a safe journey. Before hitting the road, make sure your vehicle is in good condition with all necessary maintenance completed. Plan your route in advance, check the weather forecast, and allow extra time for potential delays. Keep emergency supplies in your car, such as a first aid kit, blankets, and non-perishable snacks.
Protecting Your Personal Liability: Hosting holiday gatherings is a cherished tradition, but it’s essential to consider your personal liability. Ensure that your property is free of hazards that could lead to accidents, such as slippery walkways or loose rugs. Keep an eye on guests, especially if alcohol is involved, and encourage responsible drinking. Confirm that your homeowner’s insurance provides adequate liability coverage for potential incidents.
Safeguarding Your Gifts and Valuables: The holiday season often involves the exchange of gifts and the presence of valuable items in your home. To protect these cherished possessions, consider taking inventory of your valuable belongings and ensuring they are adequately insured. Documenting items through photographs and keeping receipts can expedite the claims process in case of loss or damage.
By implementing these safety tips, you can enjoy a festive and worry-free Christmas with your loved ones. Remember, a little precaution goes a long way in safeguarding what matters most. Wishing you a safe and joyful holiday season!
In today’s challenging economic climate, saving money wherever you can is more important than ever. Homeowners are facing rising costs for everything from groceries to gasoline, and home insurance is no exception. The good news is that there are still ways to save on your home insurance even in a hard market.
In this blog post, we’ll explore some smart strategies to help you keep your home insurance costs in check.
Shop Around for the Best Rates: Don’t settle for the first insurance quote you receive. Insurance rates can vary significantly between providers, so it pays to shop around and compare prices. Use online tools and resources to get multiple quotes and see which insurer offers the best value for your specific needs.
Bundle Your Policies: Many insurance companies offer discounts to customers who bundle their home and auto insurance policies with them. Bundling can save you a substantial amount of money, so it’s worth exploring this option with your current insurer or when seeking new coverage.
Raise Your Deductible: Increasing your deductible can lower your insurance premium. Just be sure that you have enough savings set aside to cover the higher deductible in case you need to make a claim. A higher deductible can make sense for those who are financially prepared for unexpected expenses.
Improve Home Security: Making your home more secure can lead to lower insurance premiums. Installing burglar alarms, smoke detectors, deadbolt locks, and even a home security system can reduce the risk of damage or theft, making your home a safer bet for insurers.
Maintain Good Credit: Believe it or not, your credit score can impact your home insurance rates. Insurers often use credit scores to gauge your level of financial responsibility. Maintaining a good credit score can help you secure lower insurance premiums.
Review and Update Your Policy Annually: Don’t just set it and forget it when it comes to your home insurance policy. Life changes, and so do your coverage needs. Review your policy annually to ensure it aligns with your current circumstances and make adjustments as necessary.
Ask About Discounts: Many insurers offer various discounts that you may not be aware of. These can include senior discounts, military discounts, or even discounts for certain professions. Don’t hesitate to ask your insurer about potential discounts that you may qualify for.
In a hard market, saving money on home insurance may require a bit more effort, but it’s entirely possible with the right strategies. By taking these steps and exploring your options, you can secure the coverage you need without breaking the bank.
Remember that every homeowner’s situation is unique, so finding the best savings strategy for your specific circumstances is key to protecting your home and your wallet.
This summer’s blockbuster, “Barbie,” hit theatres July 21. Bringing in a record-setting $155 million in the opening weekend alone proves that many of us would love to spend a day in those pink high-heeled shoes.
Barbie’s Assets
If you’ve never been a Barbie fan you may not realize the luxury life that was created for her.
A dreamhouse that in the real world would cost more than $2.5 million, a pink customized convertible, 30-foot customized motorhome, and so much more.
Here at Erie Insurance, we wondered…just how much would it cost to insure such a lifestyle?
Barbie’s Real Dreamhouse: A giant pink covered 4,900 square foot home with features including an elevator, spiral staircase, walk-in closet (of course), four bedrooms, three-and-a-half bathrooms and an in-ground pool. A home like this, with all the high-end extras and finishes on the lake in Erie, Pa., would cost anywhere from $7,000 to $8,000 a year to insure with ERIE.
Corvette & Camper: This 2023 Chevy Corvette convertible has all the latest bells and whistles. Yes, it’s pink too. And the real-life version of this playtime favorite camper comes fully furnished with a custom kitchen that includes a stovetop, oven and refrigerator. To cover these automobiles with a traditional ERIE auto policy would come with a yearly premium of $12,293.
We know there can be a lot to consider when it comes to insurance. That’s why with ERIE, you get your own personal insurance agent to help. Talk to one today.
It doesn’t matter if you are living the dream on the Malibu coast or a humble abode in Erie, Pa., we all love a good deal.
So why not take advantage of bundling, Barbie?
Erie Insurance offers multi-policy discounts that vary depending on the state where your auto and home are insured, or you can bundle with a life insurance plan through ERIE.*
So, if you insure multiple cars or have multiple polices with ERIE (life insurance or home policy plus auto insurance), discounts could apply, up to 25%.
If Barbie was able to secure policies with ERIE, she would save more than $4,000 by bundling! She could use those savings to buy, I don’t know…maybe a pink motorcycle?
Are you looking for more ways to save? ERIE offers a variety of insurance discounts so you can get the coverage you and your family need for the best value. Be sure to contact your ERIE agent to learn more about multi-policy discounts as well as other available discounts, and see what you could save.
This is a hypothetical story. Premiums and discounts were calculated based on certain assumptions. For specific coverages and costs, please reach out to a local ERIE agent.
*ERIE offers multi-policy discounts up to 25%, depending on your state, when you purchase your auto, home and life policies with us. Life products are not available in NY, discounts are up to 12% when bundling home and auto insurance. Savings are based on individually purchased policies. Discounts subject to eligibility criteria and rates and rules in effect at the time of purchase. Certain terms and limitations may apply, see policy for specific coverage detail.
As an insurance agent, my goal is to protect individuals and their assets from potential risks. With the upcoming festive season, one hazard that deserves special attention is fireworks. While fireworks are beautiful and a traditional part of many celebrations, it is crucial to understand the potential dangers they pose. In this blog post, I aim to shed light on the risks associated with fireworks and provide practical tips for a safe and enjoyable celebration.
Personal Injury Risks
Fireworks are essentially explosives, and mishandling them can lead to severe personal injuries. Burns, lacerations, and eye injuries are some of the most common firework-related accidents. Even seemingly harmless sparklers can reach temperatures exceeding 1,200 degrees Fahrenheit, which is hotter than the melting point of some metals. It is essential to exercise caution when handling any type of fireworks to prevent accidents and the subsequent medical expenses.
Property Damage
Fireworks not only pose a risk to individuals but also to their property. Accidental fires can result from improper use, such as setting off fireworks too close to buildings, trees, or other flammable materials. The financial burden of repairing or rebuilding damaged property can be significant, making it crucial to minimize the risk of fireworks-related incidents.
Legal Consequences
Aside from the physical dangers, the use of fireworks can also have legal implications. Many areas have specific laws and regulations regarding the use of fireworks, and violating these rules can result in hefty fines or legal penalties. It is essential to familiarize yourself with local regulations and restrictions before purchasing or using fireworks to avoid legal consequences that may impact your finances.
Tips for Celebrating Safely
Attend Professional Fireworks Displays: Instead of organizing your own fireworks show, consider attending a professional display organized by trained experts who take all necessary safety precautions, such as the city’s display downtown.
Respect Local Laws: Familiarize yourself with local laws and regulations regarding fireworks. Always purchase fireworks from authorized sellers and follow usage guidelines.
Keep a Safe Distance: Ensure there is ample space between fireworks and any nearby structures, trees, or people. A minimum distance of 30 meters (100 feet) is generally recommended.
Never Relight a Dud: If a firework fails to ignite or fully discharge, do not attempt to relight it. Wait at least 20 minutes and then soak it in water before disposing of it properly.
Protective Gear: When handling fireworks, wear protective eyewear and avoid loose or flammable clothing. Keep a bucket of water, a fire extinguisher, or a hose nearby in case of emergencies.
Children and Pets: Keep children and pets at a safe distance from fireworks, as they may not understand the risks involved. It may be best to keep pets indoors! Supervision is crucial to ensure their safety.
sparklers
While fireworks can add excitement and wonder to celebrations, it is essential to prioritize safety. By following safety guidelines, being aware of local laws, and making informed decisions, you can enjoy a festive occasion without putting yourself, your loved ones, or your property at unnecessary risk.
Remember, a few minutes of precaution can save you from weeks or even months of regret. Celebrate responsibly, and have a safe and memorable time!
Hey there, insurance seekers! Today, we’re diving into the marvelous world of independent insurance agents (like yours truly).
These unsung heroes of the insurance industry possess powers and quirks that make them a cut above the rest, especially when compared to their captive counterparts. So buckle up and prepare for a wild ride through the world of independent insurance agents!
The Power of Choice:
Picture this: You’re stranded on an insurance island, surrounded by a sea of policies. But fear not! Your trusty independent insurance agent swoops in like a superhero, armed with an impressive array of insurance options. Unlike captive agents (like State Farm or Kentucky Farm Bureau for example) who are confined to a single insurance company, these independent daredevils have the power to compare and contrast policies from multiple carriers. They’ll help you navigate the murky waters of insurance jargon, ensuring you find the perfect policy at the right price.
A Sense of Adventure:
If you’ve ever had the pleasure of interacting with an independent insurance agent, you know they’re far from boring. These daring individuals inject excitement and humor into the world of insurance. Who knew discussing policy deductibles could be so entertaining? With their infectious enthusiasm and quick wit, they’ll have you laughing your way to coverage like never before. Or at least feeling like you have some options!
The Sherlock Holmes of Policies:
Ever feel like finding the right insurance policy is akin to solving a mind-bending puzzle? That’s where your friendly neighborhood independent insurance agent comes in! They possess an uncanny ability to investigate your unique needs and tailor a policy just for you. Armed with their magnifying glass and a vast knowledge of the insurance landscape, they’ll uncover every nook and cranny of your coverage requirements. With their trusty deductive reasoning and penchant for detail, you’ll feel like you have an insurance detective on your side.
Personal Connection Experts:
One of the greatest assets of independent insurance agents is their ability to forge genuine connections with their clients. They don’t see you as just another policyholder; they see you as a unique individual with hopes, dreams, and a few quirks of your own. These charming agents take the time to understand your personal circumstances, enabling them to provide personalized advice and recommendations. Plus, they’re always up for a friendly chat, ensuring your insurance interactions are as enjoyable as they can be.
Your Insurance Sidekick:
Superheroes often have sidekicks who help them in their quests, and the same goes for independent insurance agents. Their sidekick? Unbiased advice! These heroes are not beholden to any specific insurance company, so you can rest assured that their recommendations are based solely on your best interests. It’s like having a trusty sidekick who always has your back, ensuring you get the coverage you need without any ulterior motives.
So, the next time you’re on the hunt for insurance, remember that independent insurance agents are here to save the day with their superpowers of choice, adventure, investigation, personal connection, and unbiased advice. They’re the heroes you never knew you needed, armed with knowledge to make your insurance journey a delightfully memorable one. Well, as delightful as insurance can be!
Until next time, insurance enthusiasts, stay covered and keep smiling!
When it comes to purchasing insurance, there are two types of agents you can work with – independent insurance agents and captive agents. While both types of agents can help you find the coverage you need, there are some key differences between the two that can affect your insurance experience. We’ll explore the differences between independent insurance agents and captive agents and explain why choosing an independent agent can be a positive choice for you.
Captive agents are agents who work exclusively for one insurance company. They can only offer you policies from that company, which means you may not have access to other options that could better fit your needs or budget. Captive agents often receive training and support from the insurance company they work for, which can help them provide a consistent experience to customers. However, their ability to offer customized solutions is often limited. Think of State Farm or Allstate in this category.
On the other hand, independent insurance agents work with multiple insurance companies. They can provide you with a range of policy options from different carriers, giving you more flexibility and choice. Independent agents are not beholden to any one company, which means they can recommend policies based solely on what’s best for you. This can be particularly useful if you have unique coverage needs or a challenging claims history. Independent agents are also often better equipped to find discounts and cost-saving options because of their access to multiple carriers.
Another benefit of working with an independent agent is that they can provide more personalized service. Since they are not working for a specific company, they are free to focus on building long-term relationships with their clients. This means they can take the time to understand your individual needs, answer your questions, and provide ongoing support.
Kris Castle
All insurance agents are also licensed and regulated by the state, which means they must adhere to strict ethical and professional standards.
While both independent and captive agents can help you find the coverage you need, I think there are distinct advantages to working with an independent agent. That’s not surprising, is it? Independent agents offer more choice, personalized service, and objective advice. They can also help you save money and provide peace of mind. So, if you’re in the market for insurance, consider working with an independent agent to get the coverage you need and the service you deserve.
Trees are a beautiful and essential part of our environment, but they can also pose a significant risk during storms. When strong winds and heavy rain hit, trees can fall and cause extensive damage to property and even result in injury or loss of life. What a lesson we learned in Kentucky early in March! This is why it is crucial for homeowners to understand how insurance policies cover damage caused by falling trees during storms.
Homeowners insurance typically covers damage to property caused by falling trees, including damage to homes, garages, fences, and sheds. However, it is important to note that insurance policies can differ, so homeowners should review their policies and speak with their insurance agent to ensure they have adequate coverage.
Here are some key factors to consider when it comes to insurance coverage for fallen trees during storms:
Cause of the fallen tree: If a tree falls due to natural causes such as high winds or heavy rain, it is generally covered by homeowners insurance. However, if a tree falls due to neglect or lack of maintenance, such as diseased or rotting branches, the insurance company may deny coverage.
Damage caused by the fallen tree: Homeowners insurance typically covers damage to property caused by a fallen tree, including damage to the structure of the house, as well as personal property such as cars, furniture, and other belongings.
Clean-up and removal: Homeowners insurance typically covers the cost of removing fallen trees from your property, up to a certain limit. However, if the tree falls on a neighbor’s property, the neighbor’s insurance may be responsible for the removal costs.
Additional living expenses: If your home is uninhabitable due to damage caused by a fallen tree, your homeowners insurance policy may cover additional living expenses, such as temporary lodging and meals.
Deductibles: Homeowners should be aware of their insurance policy’s deductible, which is the amount the homeowner must pay out-of-pocket before the insurance coverage kicks in. Depending on the policy, the deductible may be a flat fee or a percentage of the total claim.
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To prevent fallen trees during storms, homeowners can take steps such as regular tree maintenance, including pruning and removing diseased or damaged branches, as well as planting trees away from power lines and structures. It is also important to review your homeowners insurance policy regularly and ensure that you have adequate coverage for storm-related damage.
Click on the link to find out more information about trees and your home insurance policy from Erie Insurance.
Floods are one of the most common and devastating natural disasters that can occur, causing significant damage to homes, businesses, and infrastructure. Unfortunately, many people assume that their standard homeowners or renters insurance will cover flood damage, but in most cases, this is not true. That’s why it’s important to consider purchasing a separate flood insurance policy to protect your property and assets.
What is flood insurance?
Flood insurance is a type of insurance that covers losses or damages caused by flooding. It’s a separate insurance policy from your standard homeowners or renters insurance, and it’s typically offered through the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA).
Who needs flood insurance?
Anyone who lives in an area that is prone to flooding should consider purchasing flood insurance. This includes people who live near rivers, lakes, or other bodies of water, as well as those who live in low-lying areas or areas that are prone to heavy rainfall. Even if you don’t live in a high-risk flood zone, it’s still a good idea to consider purchasing flood insurance, as floods can happen anywhere.
What does flood insurance cover?
Flood insurance typically covers damage to your property and belongings caused by flooding. This includes damage to your home’s structure, as well as damage to your personal property, such as furniture, electronics, and clothing. It may also cover damage to your home’s foundation, electrical and plumbing systems, and appliances. However, it’s important to note that flood insurance does not cover damage caused by other types of water damage, such as a burst pipe or a leaking roof.
How much does flood insurance cost?
The cost of flood insurance depends on a variety of factors, including the location of your property, the level of flood risk in your area, the age and value of your home, and the amount of coverage you choose. Generally, flood insurance premiums are higher in areas that are at higher risk of flooding. The cost can vary widely depending on your specific circumstances.
How do you purchase flood insurance?
Flood insurance is available through the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA). You can purchase a flood insurance policy through an insurance agent or broker who is authorized to sell NFIP policies. It’s important to note that there is usually a 30-day waiting period before your flood insurance coverage takes effect, so it’s a good idea to purchase flood insurance well before flooding could become a problem.
Many Kentuckians, as well as more than half of the country, were hit with a frigid arctic storm over the holiday weekend. You wanted a white Christmas? You got it!
Along with that pretty snow, we have had many clients filing claims due to car accidents. We’ve also filed claims for homeowners for water damage, mainly due to frozen pipes bursting.
Icy pipe
Here are some pointers in dealing with burst pipes and water damage in your home.
Turn off the main water supply to your house.
Do anything and everything you can do to mitigate the damage. What does mitigate mean?
to cause to become less harsh or hostile : mollify.
to make less severe or painful : alleviate.
to lessen the seriousness of : extenuate.
Contact your insurance agent to discuss your home policy and see what coverage is available to you. Your renter’s policy should have some coverage for this situation too. Keep in mind the amount of your deductible, especially if there isn’t much damage.
With an event of this magnitude, it will take the insurance company’s claims representative longer to respond than usual, as they are working with dozens if not hundreds of clients. Do what you need to do to protect your family and your property.
Take pictures of the damaged areas of your home. This is an occasion where more is more. Be thorough!
If you need to purchase items, get a hotel room, or other items due to the claim situation, keep all of your receipts and records. Also, keep any parts. For example, if a plumber comes to repair the pipe and cuts out a section, keep it in a box for the adjuster – just in case.
Even if your mortgage is paid and homeowner’s insurance isn’t “required” anymore, basic homeowners insurance is a great way to ensure that the equity in your home will never be lost due to basic unforeseeable accidents. Things like fire, hail damage, wind damage, and other weather events are covered on your policy.
However, if you are more concerned about your property or live in a low-lying area or by a body of water, then flood insurance may be purchased for added security.
But a commonly overlooked policy deals with earthquake losses. Earthquakes? In Kentucky? Did you know there have been a couple hundred quakes in the last 120 years?
Here are the numbers, according to Volcano Discovery:
QUAKES SINCE 1900:
7 quakes above magnitude 5
64 quakes between magnitude 4 and 5
197 quakes between magnitude 3 and 4
Your insurance agent can add earthquake coverage to your home policy. There is a higher deductible than your regular policy perils, so be sure to find out about all the details!
Do I really need to think about insurance during the holiday season? I am already so busy and being pulled in lots of different directions! I don’t like to think about insurance on a normal day, much less in December!
I am right there with you! My to-do list is ever-growing.
However, Merry Christmas can become Miserable Christmas quickly.
Here is a short and easy list of things to remember during this time.
1. Are you purchasing any jewelry this holiday season? If so, be sure you contact your insurance agent, especially if it’s an expensive piece. Engagement ring? Special bracelet? The value of the item may push it out of range for the basic coverage on your homeowner’s policy or your renter’s policy. Quickly email your agent with a description of the piece and the valuation and find out if it needs to be scheduled on your policy separately. Do this as soon as you buy it, just in case.
2. DO NOT LEAVE VALUABLES IN YOUR CAR. Whether your car is parked in the mall parking lot or your driveway, be sure you remove everything from your car that could be attractive to thieves. Remind guests at your home to do the same. A smash and grab can happen so quickly! You would hate to have to replace the items stolen AND file an insurance claim.
Breaking into Vehicle
3. Be aware of extra fire risks. Lots of people use more candles, light fires, etc. at this time of year. Extinguish anything burning before you leave the house. Pay attention to curtains, pillows, extra blankets, the Christmas tree skirt and coats.
House Fire
4. Slip and falls accidents are a real hazard with the icy weather and more guests visiting your home or business. Keep up with ice/snow removal and assist guests or family members as needed.
Home in Winter
5. Your furry family members disguised as dogs might need some special attention this time of year too. Extra people in the house and lots of excitement can put pressure on your dog and cause them to behave in ways that are outside of their norm. Dog bites are one of the top homeowner’s claims so be aware of how your pet is dealing with the fun and put them safely away.
Scared Dog
A couple of extra minutes to ensure your home, vehicle and family members are safe can keep your holiday season merry.
With the current uncertain economy, inflation, and rising costs on everything from cars to dinners out, many families are looking for ways to save money.
If you could save money in your monthly or annual budget for your insurance policies, what could you use that money for?
A fun family summer activity?
An extra date night out?
A little padding in your savings account?
A donation to a charity or organization that you support?
You may think that you have to wait until your current policy expires or renews, but for most personal insurance policies, you can move your insurance to another agency or insurance carrier at any time.
There are some benefits to staying with your current carrier and your current insurance agent. There may also be benefits to shopping around during these difficult financial times. I’d recommend you stay with your current carrier if you’re happy with your service and the savings are minimal to switch.
Also, after getting a couple of quotes, you may find that your current rate is fair and similar to what another carrier would charge. Maybe you don’t want or need to move your policies. Hopefully you have a great agent that provides education and advice on your policies, and you are willing to pay for their expertise.
Of course, you may find that you can obtain a better rate, without cutting your coverages or benefits You can make an informed decision about where to place your insurance coverage. You’ll want to be sure the quotes you receive aren’t increasing your deductibles or cutting liability limits without your knowledge. But all things being equal, sometimes change is good!
Look for an insurance carrier or agency that is out in the community and has a local agent you can call or visit if you need help. No matter what your insurance premiums are, if you have a claim, you want to speak to a live person that knows you and your family and can advocate on your behalf.
After doing your homework, sit back and relax. You’ve got this!
Kids driving golf carts are a common sight on golf courses. Many parents and kids are not aware of the legal implications that come with this type of driving, not to mention the fact that it’s illegal for non-licensed drivers to operate a golf cart.
Some excuses I’ve heard for allowing kids to drive a golf cart:
It’s good practice for driving a car.
It’s just fun!
Golf carts don’t weigh much.
Golf carts don’t travel very fast.
They are driving on a cart path, not a street.
What would happen if your child was driving with a few friends as passengers and someone really gets hurt? Who would pay for the doctor and hospital bills? If there is a liability lawsuit, who is going to pay for those damages? Most families don’t have thousands and thousands of dollars sitting around to pay a judgement. I know I sure don’t!
What are some insurance coverages that you can purchase to help protect yourself?
Liability Protection
Golf cart liability insurance provides coverage for any injury or accident that may occur while using a golf cart. Liability insurance is often required by the club or course and it is important to purchase this insurance before using a golf cart.
Injuries and accidents happen all the time, so it is important to be prepared when they do happen. Liability insurance can help cover costs like medical bills, lost wages, punitive damages, and pain and suffering if someone gets hurt while driving your golf cart. Ask your agent about adding an endorsement for the cart, and transfer that risk from your personal pocketbook to your insurance company.
2. Theft Protection
What will happen if your golf cart is stolen? Would you have the funds available to replace it? If you have comprehensive coverage on your golf cart, you would able to file a claim to receive compensation if it is stolen.
3. Property Protection
If you include collision coverage, the insurance company helps pay for repairs to your own golf cart if you are in an accident. This coverage is very helpful for the more expensive golf carts out on the course.
The best way to prevent an accident with your non-driving age kids and your golf cart is to make sure they don’t drive the golf cart. Remove the keys and put them in a safe place that is inaccessible.
Golf carts can be fun, but the damage and injury that can be caused by inexperienced drivers is no laughing matter.
By: Check out our newest blog post by a guest blogger, Anson Thompson, Insurance Agent and Author Extraordinaire!
(EXCERPT)
I’ve had a few conversations with people asking about our Air B and B’ing of our home. We now spend two months in Colorado and one month in Indiana; our Indy home is vacant for eight months a year. We had talked about opening it up but thought it might be a hassle. So last year, at a Synergize event, I asked one of my fellow members if he had a person that managed Air B and B’s. He referred me to “Tom,” and we did a walkthrough of our property.
We went back and forth on the benefits, the downsides, but in June of this year, we officially listed it on multiple sites, and I thought I would share our experience thus far.
But first, let me share the story of my friend Phil who has a home in Colorado and for a few years offered up his residence on VRBO. When it was occupied, he and his wife would go camp, live their everyday life, and make some extra scratch on the side. They now have a baby, I don’t think they offer their home anymore, but one can list their residence online and make money using their asset.
I guess this little word soup is for people with multiple homes; if you own a couple of places, here’s your Wednesday morning idea. Rent your home when you are not using it! In April of this year, we began moving our “personal” items into our master closet; believe it or not, we don’t have a lot of personal things, most of our belongings are more communal. We’re not sentimental folks.
Before deciding to list your home and a house-sharing site, I strongly recommend you find a local manager. You do not want the calls in the middle of the night about the toilet not working or the door that won’t lock; it’s more than worth it to give a few points of your income to someone else to manage the space. Many individuals and companies now specialize in this operation; our company has 42 units in our area.
We began our listing in June of this year with no expectations; we list it for an average of $500.00 a night, although we have a much lower price for our friends and family program. The cost includes cleaning, maintenance, and anything that needs attention. Before listing, our provider had a photographer come in and shoot the essence of our space, giving the traveler a good idea of where they would be staying.
Our location is critical; we are within walking distance of downtown Indy; you can get to a pacers game, colts game, or concert with a nice walk or very short UBER ride; it’s also close to the convention center. We have three bedrooms, three and a half baths, a nice kitchen to prepare big family meals; it’s a lovely spot for a couple or large family to use when visiting Indianapolis.
We earn some nice income from the property; we have the money deposited into the new account we set up expressly for this operation. Our idea was to try this for a year and see if the income was worth it and how much damage our home would sustain.
Well, here we sit in almost November; our house has been rented multiple times, and we did spend most of the summer in Colorado. It was rented most of the summer.
We returned home in June; the key to our system is blocking the time we will be home which is easy; we tell our property manager what dates to block, and the house is not available when we are home. We arrived in September of this year after many folks had used our home, we didn’t know what to expect, but our house was cleaner than usual. It does not hurt to have a commercial cleaning team manage your home when away.
I think we will continue leasing our home on a short-term basis; we have learned that Indy is a convention town, there are many opportunities to provide a perfect space for those visiting, and many come for multiple nights. However, we do have a three-night minimum, and we set our price point so we would not have people that just want to have a party in our home.
We are happy with our decision; I thought it might be good to share if others think about this as an additional income stream. It makes owning a second or third home possible, and you can even add to your top-line income if your home is in a place that people like to frequent. Of course, if your home is not in an area that people frequent, you still might consider listing it; we travel across the country quarterly and have stayed in places like Colby, KS, and Russell KS, places one might not usually think about having travelers.
Well, that will do my little story about our Air B and B or VRBO experience; we are avid users of the service when traveling, so we do have a basis of understanding of the process. However, if you are new to the idea, pack your bags and do some experimental travel to see how others manage their homes; hell, if ever in Indy, use our home, you will not be disappointed, and we have many five star reviews to back up the quality, location, and positive experiences of our guests.
“The young writer should learn to spot them: words that at first glance seem freighted with delicious meaning, but that soon burst in the air, leaving nothing but a memory of bright sound.” — E.B. White
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By Anson Ross Thompson · Launched 8 months ago
Observations from a Cornfield Kid that now lives on Top of a Mountain
A big thank you to our guest blogger for this blog post, John Rice – The Lexpert Real Estate
The home inspection is the toughest part of a sale I think.
It can be hard to get past the condition, even a house that inspected pretty good, since your inspector gave you an entire book containing everything that is wrong with what is about to be the biggest purchase in your life.
What I try to tell my buyers is that no house is perfect. They are all in various stages of Mother Nature trying to destroy the home and reclaim the property. Everything has a life span and given enough time, everything on a house will need replaced or some maintenance.
I’ve probably been the Buyer’s agent on well over 400 inspections and gotten repairs lists for hundreds of listings I have had. Know what I have found? Most of the issues that turn up from a home inspection are either deferred maintenance or things that the inspector noted were done a little less than textbook perfection.
Here are some things that are on almost EVERY home inspection report:
Windows or door that need caulking, faucets that drip, loose outlets, cracks in sidewalks and driveways, downspouts that are not out far enough away from the house, air conditioner condensation lines that drain too close to the house. Minor plumbing issues are common. Minor electrical issues are common. Often the flashing on a roof needs some attention. Older houses tend to not have grounded outlets. Few houses have weepholes in brick to allow moisture behind the brick to escape. Few houses have flashing where a gutter ends at an exterior wall to prevent water from splashing on the side of the house………and the home inspector I recommend always seems to find loose toilets, lol!
I think the hardest thing for buyers is that they think they have picked a loser house when they have 20-30 of these common issues. It is easy to assume that the house you picked to purchase is the only one with these issues. That you can walk away from this one and the next house you buy will be perfect. I don’t know how successful I have been at convincing my buyers of this, but I normally tell them that 80-90% of the same issues found on their house will be found on any house. I have also joked that there needs to be a rule that the inspector has to inspect the Buyer’s old house first, and anything found at their old house can’t be asked to be repaired at their new house.
Since the topic of this is when to walk away, I guess I better get into that.
If you are a first time buyer or don’t have a lot of money, I guess you walk away if the the big ticket items don’t have much of their lifespan left. If you have a 22 year old roof and won’t have any money to replace it in the next few years, it might be best to walk away.
If you have a house with a problem such as a major structural issue that will impact your ability to sell the house to the next buyer when you move, might be good to skip that house.
When I bought my current home, I had it inspected. It had all the usual issues. I did the inspection type that is very common in this hot seller’s market: I could inspect it but wouldn’t ask for repairs. I would take it or leave it. I of course chose to take it because to be honest, I loved the property so much that there wasn’t anything that was going to deter me from living there. I had all the usual items.
Being a landlord, realtor and middle aged man who has owned lots of homes, there was nothing that scared me nor surprised me. It was just a “To-do” list that I prioritized and am getting it all sorted as I find time. Which brings me to something else I tell my buyers. If you will encounter pretty much the same items on any house, why not just stick with the sale of the one you fell in love with after looking at all the other houses you had to pick from?
This is especially true in today’s market where you have so few choices and odds are you will pay even more for the next house as prices go up while you wait for it to come on the market.”
Your home owner’s policy offers lots of coverages, right? There is coverage for the exterior/structure of the home and also for other structures on the property, such as a barn, shed, detached garage, etc.
You also have liability coverage in case someone is hurt on your property – your dog bites someone or someone slips and falls on an icy sidewalk.
And of course, you have coverage for your personal items inside your home. Imagine if you flipped your house upside down and all the stuff fell out – the clothes, furniture, electronics, jewelry and guns – those are personal articles that are covered.
So if your home was a total loss, maybe a big fire or a tornado, how does the insurance company figure out what you had inside?
Basically, if you have a 2,000 square foot, 3 bedroom home with an average value of $250,000, an adjuster is going to give you money for the normal and customary items and quality of what would be found in that home to refurbish your items inside the home.
What if you have unusual items that are difficult to just go out and easily value and purchase? How do you get those types of items replaced?
The VERY BEST WAY to be sure your unique items are replaced are to have a record of them on file with your insurance agent. Some items that come to mind are collections of any kind. Think guns, jewelry, art, watches. Since we are in Kentucky, think about your bourbon collection. If you have very rare and expensive bottles, be sure you have a detailed record of each one.
If you are a spreadsheet type of person, make a nice intricate spreadsheet showing all your prized possessions and email it to your insurance agent.
For the rest of us, a simple video will suffice. Take a moment and walk around your house to record what is there. If you need to open drawers or doors or safes to show the contents, please do so. Then email the video file to insurance agent, just in case.
Chances are you’ll never need this record, as a total loss is not common. However, if you DO need to replace these items, you’ll probably be in a very emotional and stressful state already, and you’ll be so glad you took a few minutes to record these items for ease of processing the claim and replacing those things.
Summer has officially started here in Central Kentucky! Maybe you are looking at a sparkling pool in your backyard. Maybe there is a trampoline under a nice shade tree in your yard where all the neighborhood kids love to gather and jump. Maybe your fur baby dog isn’t much of an ice and snow type of pet and loves to play outdoors in the summer with friends at a backyard BBQ.
While all of these scenarios are what summer dreams are made of, have you ever thought of what the implications in your life could be if someone got hurt on your property having fun?
Did you know? (www.safekids.org)
Drowning is the leading cause of injury-related death among children between 1 and 4 years old.
It’s the third leading cause of unintentional injury-related death among children 19 and under.
Children under the age of 10 most often fatally drown in swimming pools
When faced with these types of statistics, you can see that being hyper-vigilant as a homeowner with a pool is imperative. A few easy ways to be safer and protect yourself and others from accidental drownings include:
HAVE A FENCE AROUND YOUR POOL WITH A LOCKING GATE. Most insurance companies require this but if not, take it upon yourself to just install the fence and gate.
Buy a sensor that stays in the pool and sounds an alert if a water disturbance (such as the splash of a child falling in) is detected. You can also buy individual wearable alarms that children can wear. The alarm goes off when it touches water.
If you have an above ground pool, move your ladder away from the pool when not in use.
If you’re having a pool party, tag team with other sober adults to be the “lifeguard” in charge of watching all the kids in 15-20 minute increments.
It’s not a stretch to imagine the injuries that can be sustained on a trampoline. Broken arms, broken legs, or more serious injuries like a head injury or broken neck are very real possibilities. If your own children are injured, of course you will get them the medical attention they need and your personal health insurance will pick up the bill. What happens if one of the neighborhood kids is injured? In all likelihood, their parents will want to file an injury, or liability claim against your homeowner’s insurance policy. What if there is a very serious injury sustained? Work with your agent to be sure you have enough coverage for a lawsuit situation. (think umbrella policy here)
In addition to injuries caused by jumping, you probably don’t realize your trampoline can also be a flying hazard in a severe storm with high winds and cause damage to other people or property.
What are some steps you can take to make your trampoline as safe as possible?
Be sure you have a safety net around your trampoline.
Frequently inspect all aspects of the hardware, netting, etc. to be sure there is no wear and tear or broken items that need to be replaced.
ALWAYS have adults supervising the jumping!
Be the mean neighbor and don’t allow anyone that doesn’t reside in your household on the trampoline.
Lastly, we have talked about dog bites and your home owner’s insurance before, but it bears repeating. According to Kids-n-K9s, most dog bites occur with a known dog, in a familiar place. Their website also shares these statistics:
Most dog bites affecting young children occur during everyday activities and while interacting with a familiar dog. (CDC)
The vast majority of biting dogs (77%) belong to the victim’s family or a friend. (CDC)
80% of dog bites happen at home (Kahn et al (2004) MIller and Howell (2007)
How can you keep everyone happy and healthy? If you have guests, keep your dog put away in a safe place where there is no interaction with others. When kids are running around and having fun, they are not paying attention to how their actions can affect your family pet. Many times kids misread the dog’s body language and the dog lashes out due to stress or overstimulation.
I truly hope you have a wonderful summer! Take the few extra minutes to provide a safe environment at your home and keep the fun in summer and the injuries at bay!
