First-time homeowner? You’re probably wondering where to buy home insurance. Even if you’re on your second or third home or are shopping around for a better homeowners’ insurance price, if you haven’t purchased home insurance in a few years, things have changed. In...
Like many states, New York requires most employers to carry Workers’ Compensation coverage for employees. New York State’s requirements for Workers’ Compensation coverage can seem confusing but once you understand the guidelines for required coverage, you’ll know...
What is the purpose of buying home insurance? It is to safeguard you, your assets and your home from unforeseen events. Suppose your home and everything in it is gutted by a fire. In an ideal world, you will have enough coverage to rebuild your home fully and replace all your belongings.
There are a lot of factors that affect your optimal coverage levels, including the home that you reside in and your possessions. This article will address the main components of a home insurance policy and the best coverage levels.
If you’re shopping around for homeowner’s insurance, you may have gotten several estimates. The quotes varied significantly—even if the coverage levels each carrier provided were the same. Getting such wildly different home insurance rates might leave you...
Defining umbrella insurance Umbrella insurance is simply a secondary form of liability insurance covering your personal liability. Umbrella insurance provides liability protection against lawsuits and claims that may be brought against you that exceed the...
What You Can Do To Qualify for a Homeowner Insurance Policy Discount There are several homeowner’s insurance discounts that are applicable when you initially purchase your policy. For instance, if your house is new it might require less repairs in particular...
The reason why homeowners purchase insurance is to protect themselves from disaster. According to a recent survey people who filed insurance claims during the last couple of years feel their insurance did not meet their expectations-particularly if they had...
You have heard people repeatedly emphasize the importance of shopping around before purchasing an insurance policy. The reason why this is said time and again is that it is sound advice-and you can realize huge cost savings. This is amply evidenced by a recent...
Insurance Escrow 101 An escrow account is established to collect payments such as your homeowner’s insurance, property taxes and other items in equal installments over the year. The bills are then paid as they fall due. If the lender agrees you can pay the bills...
