St. Andrews Insurance Agency, Inc Blog

Replacing a Roof Can Minimize Home Insurance Claims: Materials to Consider

Wed, 09 Apr 2025 22:19:00 GMT

Your home insurance provider wants to know your roof is safe. The roof protects the entire structure. Likewise, problems with it can mean damage throughout the home. Thus, installing the best roof for your home is important. They can offer a variety of benefits beyond insurance savings. Consider these roof materials and how they can help you save money.

The type of roof added to a home can impact your home insurance costs. It also impacts how much it costs to rebuild your home later. Most homeowners should select roofing based on preferences. Yet, you should also choose based on their durability, lifespan, and costs to rebuild. Here are a few to take into consideration.

Metal Roofs

Metal can be ideal because it is fire resistant and durable. They can be aesthetically pleasing, too. From a home insurance standpoint, metal roofs are often the best. They can drop your costs the most.

Slate or Tile Roofs

These roofs are more expensive to install. However, they can still be an ideal choice. Slate, for example, is fire resistant. It also does not rot over time. You do not have to do much in the way of maintenance to keep it in good conditions. Tile can crack, though, but it does not burn and cannot rot. These factors can make both products a good option from an insurance point-of-view.

Asphalt Shingle Roofs

Asphalt is the most common type of roof material used. It is the least expensive option. Most have a long lifespan, but there is a risk of decay over time. They are only somewhat fire resistant, depending on the type. Therefore, you might need to replace the rood more frequently.

Wood Roofs

Though they look attractive, this type of roof is rarely ideal from an insurance standpoint. There is no way to make them fire resistant enough. Wood roofs, such as shakes or wood shingles, are also expensive to install in some situations. If you use wood, your insurance agent may recommend using a fire retardant on it. That might prove even more expensive.

Home insurance does not cover normal wear and tear to a roof. However, it may cover some repair and replacement cost in situations where hail or a storm damages the structure. Speak to your insurer about the material options that could add more protection to your home. Local building costs and specific brand information can play a role in costs, too.

7 Ways New Business Owners Can Improve Their Chances of Success

Tue, 11 Mar 2025 14:51:00 GMT

Always Improve Your Business

The world around us is changing every day. People's wants and needs are changing too. The best way to keep your customers and make a profit is to ensure you constantly improve your business. Keep up with the best practices within your industry to improve your chances of success.

Get General Liability Insurance

Many businesses fail because they get sued by a customer or client. After someone sues a business, the business may not have the money to take care of the settlement. To avoid this, always maintain business liability insurance. It will help you cover the costs of lawsuits stemming from negligence.

Offer Value to Your Customers

Everyone wants more than they get when they make a purchase. Although you may not be able to cut costs to your product, you can improve your value proposition. Try to go the extra mile with your customers to encourage them to become loyal customers.

Get Commercial Auto Insurance

Protect your assets with commercial auto insurance. Employee drivers are likely essential to your business. However, they can also be careless behind the wheel. Protect your business from wrecks and other accidents by having commercial auto insurance.

Always Measure Your Performance

Measuring your progress towards your business goals is one of the most important aspects of your business. How will you know if you aren't meeting your metrics if you don't measure your effort?

You should track performance with metrics. That way you can determine what’s working for you and what isn’t.

Get Business Interruption Insurance

Plan for the unexpected by purchasing business interruption insurance. This insurance will usually help you get your equipment repaired or replaced if there is a loss. These policies will also probably provide some benefits if you have to temporarily close. That way, your business remains solvent.

Develop a Leadership Program

Take measures to expand your company. To do so, you need an effective leadership program. This program will help motivate employees to be the best they can be within the organization.

Your hard work matters when it comes to your business. Take measures today to protect your business and improve your chances of success.

We are glad to offer lots of information on general liability insurance and business interruption insurance. If you need more information about business insurance, give us a call or fill out an online form to get a quote.

How to Prevent Condo Theft

Wed, 12 Feb 2025 21:09:00 GMT

As is the case with homes, a burglar breaking into a condo is looking for an easy target. It only takes a few simple steps to beef up your security, which will hopefully cause any would-be thieves to move on to another unit or complex. What are these steps?

Live high up: If you have the option, select a condo on a higher floor. This makes it harder for thieves to break in through a window and harder to carry large or heavy items downstairs. As a bonus, condos on higher levels are often cheaper to rent.

Use deadbolts: Deadbolts provide valuable security by making it harder to kick down the door or pick the lock. Many condos come equipped with deadbolts, but if yours doesn’t, ask management if they can install one (or if they will allow you to do the job yourself). It’s an easy, cheap way to prevent a big, expensive problem.

Lock the windows: When you’re away or sleeping, remember to lock all of your windows. And if you have a sliding glass door, place a thick, wooden dowel in the track to prevent burglars from prying it open from the outside.

Keep them guessing: Thieves usually study a home for at least a few minutes before attempting to break in. Some even watch your behavior for days to determine when you’ll be away. To make your condo look occupied, buy a few timers and set your lights, TV and radio to turn on at random intervals throughout the day. Additionally, vary up your routine as much as possible. For instance, if you live near work, drop by home over lunch at random.

Call the courtesy officer: If you’re planning on being away for a few days (or longer), ask the complex’s courtesy officer to check on your unit each day that you’re gone. A simple scan of the unit’s exterior can give away any signs of a possible break in.

Security isn’t foolproof, which is why the right coverage can be a lifesaver. Call St. Andrews Insurance Agency, Inc at (850) 785-2383 for more information on condo insurance .

Who Is Covered by a Commercial Auto Policy?

Thu, 09 Jan 2025 23:03:00 GMT

Who Is Covered by a Commercial Auto Policy?

At its most basic, the insured entity is the business that owns and operates the vehicle, but there may be additional individuals covered under a commercial auto policy. While it's important to review the policy documents for specific details, in general, a commercial auto policy may cover the following:

Named drivers when operating a covered vehicle

Business owners driving the insured vehicle for business purposes

Employees driving the insured vehicle for business purposes

Volunteers driving the insured vehicle to benefit the business

How to Determine Who Is An Insured

To determine who is insured under a commercial auto policy, refer to the Business Auto Coverage Form included in the policy documents. Look for the section titled "Who Is an Insured." It typically includes three categories of insured individuals:

The named insured or company listed on the policy

Permissive users, who are individuals driving a covered vehicle with permission from the insured person or company

Omnibus insureds, who are individuals who may be held vicariously liable for an accident caused by a permissive user or named insured

If you have concerns about your commercial auto insurance policy coverage, contact your agent promptly.

Is Commercial Auto Insurance Mandatory in Florida?

Florida requires commercial auto insurance for companies that use vehicles in their daily business operations. The state mandates minimum liability coverage to assist in covering a company's legal liability in the event of an at-fault accident.

In addition to liability coverage, your agent may recommend additional coverage options to protect your company's vehicles, including:

Collision and comprehensive insurance to pay for repairs or replacements after a covered accident or incident.

Uninsured/underinsured motorist coverage to cover damages to your company vehicle in an accident with a driver who lacks sufficient liability insurance.

Hired and non-owned auto (HNOA) insurance to provide coverage for vehicles used for business purposes that your company does not own, such as rented or borrowed vehicles.

Depending on your circumstances, your agent may also suggest the following policies and endorsements:

Medical payments (MedPay) coverage or personal injury protection (PIP)

Umbrella insurance

Replacement cost vehicle coverage

Rental car reimbursement

Roadside assistance

Inland marine insurance

To obtain commercial auto insurance, reach out to the agents at St. Andrews Insurance Agency , serving the Panama City area. They are ready to assist you in creating a tailored insurance plan for your business.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.

Saving on Your Family’s Auto Insurance

Tue, 10 Dec 2024 20:23:00 GMT

Saving on Your Family’s Auto Insurance

There are ways that you can take steps to keep your auto insurance costs as low as possible. Indeed, you can often keep your premiums affordable without sacrificing coverage.

1. Combine Your Auto Insurance Policies

You might own more than one car—perhaps one for you and one for your spouse. Many auto insurers offer multi-vehicle policies. This allows drivers to insure both cars on one policy. Multi-vehicle policies usually allow drivers to include all drivers in their households on the coverage. Drivers may also be able to insure each vehicle with certain unique coverage levels. With a multi-vehicle policy, drivers might be able to avoid paying multiple premiums.

2. Set a Higher Deductible

Auto insurance usually comes with a deductible. This is the price you agree to pay for repairs before your insurance covers the claim. By increasing your deductible, your insurer may be able to offer you lower premiums. This is because the insurer may wind up having to pay less money in the event that you make a claim.

3. Compare Insurers

If you work with an independent insurance agent, you can often compare the policies that multiple insurers offer. Some companies may offer essentially the same coverage at lower costs than others. Furthermore, insurers often offer drivers various discounts, such as accident-free savings, to help them save on coverage. By comparing insurers, you can often find one that will maximize your discounts.

Talk to your insurance agent about the ways you can keep your policy prices low. But never forget to tell them about the coverage you think you need. Your agent can usually help you find the most affordable policy with your desired coverage elements.

3 Tips to Save on Homeowners Insurance

Tue, 12 Nov 2024 01:48:00 GMT

3 Tips to Save on Homeowners Insurance

Over two-thirds of American homes are underinsured. Why? Many people think that reducing coverage is the best way to cut back on insurance spending. But that could get you into big trouble if an incident occurs that is no longer covered under your policy. Rather, keep your valuable coverage and use these three tips to save:

Bundle your policies : Bundling multiple insurance policies, such as home and auto, with a single insurance company is an easy way to save. Many insurers incentivize your added business by offering discounts—up to 20 percent—on you premium payments. Not to mention, having just one monthly payment and one renewal date is much easier to keep track of as well.
Additional discounts : Though a bundling discount is the easiest, there are many more discounts that may be available to you. Essentially, the less chance you have of filing a claim, the less you’re likely to pay for insurance. That means, you could save if you have a clean driving record, if your home is loaded with security features, if you’re a senior, if you’re loyal customer and much more. Your agent can go over the details with you.
Increase your deductible : A deductible is the amount that you’re responsible for paying when you file a claim. After you pay, your insurer can cover the rest of the claim. The higher your deductible, the lower your monthly premium—up to 25 percent less. So if you raise your deductible, you’ll save money every month, which can then be used to pay a higher deductible if you need to file a claim in the future.

We’re here to help you save. Call St. Andrews Insurance Agency at (850) 785-2383 for more information on Panama City home insurance.

The Benefits of Car Insurance Autopay and Autorenewals

Mon, 14 Oct 2024 21:07:00 GMT

The Benefits of Car Insurance Autopay and Autorenewals

What are Automatic Payments & Automatic Renewals

You have to always keep your car insurance active. This means paying your premium and renewing or buying new coverage when a policy expires. To make it easy on you, your insurer might offer you the option to automatically pay & renew your policy.

With automatic payments, you set up a schedule to pay your premium. You can then provide your insurer with a credit card or bank account information. When your payment date arrives, the insurer will automatically charge your account. You won’t have to worry about making a payment manually on the due date.

Automatic renewals occur when you give the insurer advance permission to renew your policy on its rollover date. If you plan to keep the same coverage year over year, then your policy will simply renew and continue to cover you. You do not surrender the right to make changes to this policy in the meantime, however.

If you ever fail to pay your premium or to renew your policy, then you run the risk of going uninsured. Any gap in your insured time leaves you without protection during any drives you take in the moment. As a result, your driving risks and insurance risks increase significantly. The risks might be so great that when you try to re-enroll in coverage, insurers might decline your application or significantly raise your premiums.

The Perks of Autopay and Autorenewals

It’s often much easier for both carrier and policyholder if the buyer automatically pays and renews their car insurance.

Primarily, these benefits reduce the risk of coverage lapses and helps the policyholder avoid the hassle of multiple due dates. However, it might even qualify them for cost savings. Because of the lowered risk of automatic policy management , many insurers opt to pass the cost savings along to the insured. So, policyholders who take these options often can receive a premium discount. Convenience coupled with cost savings is often a win-win situation for most people.

5 Tips for a Successful RV Trip

Wed, 04 Sep 2024 19:32:00 GMT

5 Tips for a Successful RV Trip

Plan to set up during daylight. Backing an RV into a campsite can be very tricky and will be even more difficult if attempted when it is dark out. The ground is likely to be uneven and you will want to watch out for branches and other obstacles. Plan to arrive and set up during daylight hours so you can complete all tasks successfully and ensure the RV is safely situated prior to retiring for the night.
Keep an eye on weather predictions. Before heading out for a day hike or a canoe ride, check on weather predictions. When you are out enjoying nature make sure you keep one eye on the sky to see if any inclement weather is coming. You will want to be sure you have time to take appropriate shelter for any thunderstorms or other threatening weather.
Practice Fire Safety. Campfires are often a highlight of the RV experience. They are both practical, providing a way to cook food and keep warm, and fun. Fires need to be treated with the seriousness they deserve however. Be careful when cooking over an open fire. Never leave a fire unattended. Keep a close eye on children near a campfire and take the opportunity to teach them fire safety lessons.
Hike safely. Many RV sites have nearby hiking trails which can provide a fun daytime activity. If you choose to go on a hiking trail, it is important to have a safe experience. Dress appropriately for the weather. Wear appropriate shoes for hiking to keep your feet protected and for aid in balance on uneven ground.
Leave your itinerary with friends or family. This may not prevent an incident from occurring, but at least someone will be looking for you in the right place if something does happen. It is important to leave information with a loved one at home who will come looking for you if you don't arrive home as planned or if they hear of a weather emergency at your location. Provide an itinerary for your entire RV trip. Also, make sure to leave any day trip itineraries, such as a hiking or boating excursion.

By following the above five safety tips, you can help ensure your trip is both fun and safe. Enjoy making positive family memories this season!

Get the coverage you need. Call St. Andrews Insurance Agency at 850-785-2383 for more information on RV insurance.

Types of Auto Coverage

Mon, 12 Aug 2024 21:42:00 GMT

Types of Auto Coverage

Liability Insurance

For an accident that you cause, liability insurance reimburses you for damage you cause to another driver's vehicle or property. It also covers medical and other costs associated with injuries sustained by the other driver and their passengers. These categories are bodily injury liability and property damage liability.

Liability insurance may follow the vehicle or the driver, so check with your agent to better understand how your policy works. All the same, you'll need the policy to accurately reflect the vehicle you own, and where you live. Most states require liability auto insurance.

Collision Coverage

This insurance protects you against collisions with an object or with another vehicle. It pays for repairs or replacement of your car, to a limit. If you have a newer vehicle, it may be worthwhile to purchase this insurance to protect your financial investment. Many lenders require collision coverage as a condition of your auto loan. As the car ages, you might no longer need collision coverage due to the car's diminished value.

Comprehensive Coverage

Comprehensive coverage pays for damages to your vehicle not caused by a collision. Each policy varies, but your policy may specify storm damage, theft, vandalism and fire as covered events. Animals that run out in front of your car, such as deer and elk, often fall under comprehensive car insurance.

Your insurance agent can help you understand your policy's comprehensive coverage options.

Uninsured/Underinsured Motorist Protection

This type of car insurance protects you from drivers with no insurance or inadequate insurance. Most states require auto insurance as a condition for driving. However, some uninsured drivers still drive illegally. Others purchase the lowest coverage possible. Their insurance coverage limit may not cover the damage to your vehicle.

That's where uninsured/underinsured motorist protection kicks in. This insurance covers the gap between the at-fault driver's insurance and the cost to fix or replace your vehicle. It may also pay for lost wages, medical expenses and other costs associated with the accident. Most uninsured/underinsured coverage include coverage for hit-and-run situations.

Personal Injury Protection

Personal injury protection (PIP) pays out benefits no matter who caused the accident. It covers most or all your medical and related expenses. Typical policies include funeral costs, lost wages and rehabilitation, too.

Schedule time with your insurance agent to understand the pros and cons of each type of auto insurance . This will help you find the best combination of coverage that suits your needs.

5 Things You Might Not Know About Home Insurance

Tue, 09 Jul 2024 22:57:00 GMT

5 Things You Might Not Know About Home Insurance

The more you know about  home insurance, the better equipped you'll be to navigate it. Here are five things you might not know on the subject:

1. Some dog breeds raise your premiums more than others.  Dog bites tend to cost insurance companies around $30,000 on average. And certain breeds are, statistically speaking, involved in more attacks than others. Your German Shepherd may be the most tame, gentle dog alive, but insurers have to look at the stats. Those stats place this breed, along with wolf and coyote mixes and Akitas — at a higher risk premium, so you might have to pay more for coverage. Worse, some insurers simply won't cover a home with certain dog breeds in the house.

2. Your insurer needs to have a good reason to drop your coverage.  We hear about insurers simply dropping coverage out of nowhere, but the truth is that they are required by law to provide a good reason. An insurer with a careless attitude about dropping a customer may find themselves facing heavy fines and lawsuits for their effort.

3. You can reopen old claims.  In some cases, you may be able to reopen a claim even after you've been reimbursed. Oftentimes, you won't know the full extent of the damages until repairs are already underway — in which case you may be able to get supplemental payment from your insurer .

4. Adding home security features is one of the best ways to lower your premiums. If you live in an area that's seen its share of crime — or even if you don't — a simple burglar alarm can be one of the most inexpensive ways to lower your premiums.

5. Your insurer may limit your deductible. Different insurers have different limits. But typically, an insurer won't allow you to set your deductible over $1,200. Higher deductibles mean lower premiums, and vice-versa. But, of course, there has to be a limit on this at some point — both for your insurer's sake and for yours. You don't want to file a claim, only to find that your deductible is several times the damages.

You don't need to be an expert, but anytime you're spending money on something, it's a good idea to do a little research. That goes double for home insurance.

Mistakes to Avoid When Applying for Auto Insurance

Sun, 09 Jun 2024 14:43:00 GMT

Not listing all drivers—Anyone who continuously drives your vehicle, even if it’s just for a short period of time each week, should be listed on your policy.
Giving a false vehicle location—The difference between parking in one zip code versus another can greatly affect the amount of coverage you need for your vehicle. Failing to report your car’s true location can impact the accuracy of your insurance quotes.
Not reporting your driving infractions—It’s best to be upfront about your driving record to avoid any conflicts or discrepancies. Your insurance company can easily retrieve any driving records to check the accuracy of your application.
Not disclosing business uses—In some cases, you may need a specialized policy when driving for business purposes or for a rideshare company like Uber or Lyft. Failing to take the proper steps could lead to a lack of coverage following an accident.
Failing to update life changes—Changing addresses or adding another driver to a vehicle are all life changes that need to be updated on your policy. By not reporting changes, you may be overpaying for coverage and missing out on available discounts.

Be Honest to Avoid Consequences

Inaccuracies on your auto insurance application can end up costing you more money in the long run. If you think that you may have given inaccurate or incomplete information on your auto insurance application, contact the insurance professionals at St. Andrews Insurance Agency to update your auto policy and avoid any ramifications.

How to Keep Mold Out of Your Home

Tue, 21 May 2024 16:33:00 GMT

Control Moisture in the Air

If you live in an area with humid summers, use dehumidifiers and air conditioners. Avoid using carpeting in basements, because they are often damp places with concrete floors. Carpeting in these conditions can be a prime target for moisture.

Activities like taking a shower and cooking release a lot of moisture into the air. Always use an exhaust fan that vents to the outside in both the bathroom and kitchen. Your clothes drier should also be vented outdoors.

Your indoor humidity should be between 30 and 60 percent.

Prevent Water Leakage

Inspect plumbing used in sinks and toilets. Look for evidence of water seepage around the fittings, such as moist and rusty threads.

Don't turn off the heating during the winter when leaving your home. This can cause water pipes inside your walls to freeze, crack and leak water.

Keep your gutters and downspouts free of debris so that they can properly channel rain water away from your house.

The ground near your house should also slope down and away from the foundation to prevent water from pooling.

Aging roof materials and missing shingles can cause leaks. Have your roof inspected every three to five years.

Stop Water Damage Immediately

When you spot a leak, you have between 24 and 48 hours to get it fixed and to dry up wet areas. Water damaged items that can't be dried within this time frame should be removed.

Use Mold Resistant Materials in Your Home

If you are renovating your home, use mold resistant drywall and sheetrock. Unlike traditional drywall and sheetrock, the mold resistant variety doesn't have a cardboard exterior. Cardboard and paper are a source of food for mold. Walls can also be painted with paints that have mold inhibitors.

Improve Air Circulation

Keep closet doors, as well as doors between rooms, open so that air can freely circulate. Fans can also be used to enhance air circulation. These air currents tend to keep surfaces dry.

Mold prevention is an ongoing effort. Even if you live in a very dry climate, water can still seep into your home from plumbing leaks and accidents. By keeping your home dry, you can keep the mold out.

Get the coverage you need. Call St. Andrews Insurance Agency at (850) 785-2383 for more information on Panama City home insurance.

6 Tips To Lower Your Auto Insurance

Tue, 16 Apr 2024 15:00:00 GMT

Auto insurance can be a big expense, but it’s a necessary one. Fortunately, there are ways to lower your premiums, if you take the time and initiative to carry out a few tasks. Here are six actions you can do to help lower your next bill:

1. Raise Your Deductible

When you have a low deductible, the insurance company will pay out more than if you have a high deductible. To reward those who opt for higher deductibles, they will usually lower your rates. If you do choose a higher deductible, make sure you have that amount in savings, so you can cover the cost in the event of an accident.

2. Ask About Discounts

Some companies give discounts for having a car with a high safety rating, being a member of the military, being an AARP member or being part of some other organization. It never hurts to ask. You might get tips on which car to buy next, so that you get a more favorable rate on your auto insurance in the future.

3. Bundle Your Insurance Policies

Insurance companies may offer discounts if you have more than one policy through them. Check with your home, life and auto insurance providers to see what they can do to make it enticing for you to move all your policies.

4. Pay Annually

Paying once a year eliminates administrative tasks. It also lowers costs for your insurance company. Your insurer is often happy to pass on some of their savings to you. Even if you can't pay in one installment, try switching to biannually or quarterly.

5. Improve Your Credit

This isn't something you can do overnight, but if your credit is poor, a few actions can go a long way in improving your credit. In turn, you'll get better auto insurance rates, as companies have determined that there's a correlation between good credit and safe drivers.

6. Take A Safe Driver Course

Depending on the state you live in, taking a course can not only help lower your auto insurance rates, but also erase points from your record. Check with your car insurance provider to see the approved courses, then choose one in your area or online.

Doing these actions may help lower your car insurance rates. If you're looking for a new insurer, we welcome you to reach out to us for help finding auto insurance policy that's right for you.

Two Homes? Can You Bundle Home Insurance?

Thu, 07 Mar 2024 20:32:00 GMT

If you have more than one home , both properties need insurance. Still, since you must get coverage, how can you do so affordably? Some people make the mistake of thinking they can insure both homes on the same policy. That’s not the case. However, there are other steps that can protect you.

When preparing to insure both houses, talk to your insurance agent. They can guide you through getting coverage. They’ll also help you save along the way.

Can You Insure Two Homes on the Same Homeowners Insurance?

Unfortunately, this is not possible.

You can only insure one home on one insurance policy. Homes create much more unique insurance risks than vehicles. Therefore, they’ll need separate coverage. The reasons for this are numerous.

Almost every home has a different property cost. You’ll need tailored dwelling and structure protection for this value.
Newer homes will vary from older homes in terms of their security. For example, updates in newer homes often make them more secure. Therefore, the coverage you need will likely vary.
You will keep different possessions in each home. Thus, you’ll need separate possessions insurance.
All properties are at different locations. The safety risks they face will vary. For example, one home might lie in a mountainous, wooded area. Another might sit near a busy highway. Thus, the safety risks present near each property will vary. Coverage will need to address the needs of each home.
How you use each home will vary as well. For example, one home might be your primary residence. The other might be a vacation home, or a home inherited from a family member that you plan to sell. Occupancy often equal risks. Therefore, some policies will take occupancy into account.

These and other factors mean that you can only insure one home on any given home insurance policy. Even so, you’ll know that by getting separate coverage, you will have targeted protection. The good thing is that you can get multiple insurance policies from the same company. This is a practice called bundling. With a bundle, you will have comprehensive protection, and you’ll also likely be able to save on coverage. Many insurance companies offer discounts for customers who bundle.

Don’t let the thought of getting more than one home insurance policy get you down. You still often have the opportunity for savings and security at once.

What is the Difference Between Comprehensive Coverage and Collision Coverage?

Wed, 28 Feb 2024 16:15:00 GMT

Collision and comprehensive coverages often come hand in hand within a full coverage auto insurance policy. However, these policies are not the same. Instead, they both cover damages to the vehicle caused by different incidents. Neither of these coverages are legally required, but both are highly recommended to help you carry the brunt of expenses after an accident.

What is Comprehensive Coverage?

Comprehensive coverage pays for the cost to damage repairs and will even replace your entire vehicle if it is beyond repair when you are at fault. This insurance covers against damages to the vehicle caused by:

Fire
Wind
Hail
Lightning
Smoke
Theft
Vandalism
Explosions
Falling objects

Comprehensive does not include collisions, however. So, if a tree branch falls and shatters your windshield, your comprehensive coverage should help pay for the damages. If you are in an accident where you collide with another object while driving, such as a fire hydrant or curb, you will not be covered.

Be sure to ask your insurance agent about what your comprehensive coverage will and will not cover, as certain acts of terrorism and other accidents may not be covered.

What is Collision Coverage?

Collision coverage is more of a single-minded coverage as it only covers physical damage to your vehicle caused by a collision with another vehicle or object. If you are hit by another car on the road, collision coverage is the section of auto insurance that can help you repair or replace your vehicle.

This is generally the most expensive portion of an automobile insurance policy, as it is based on replacing or repairing your vehicle. Premiums also vary due to your deductible, driving record and whether the coverage is truly necessary. Selecting a higher deductible will keep premium costs low, but you will pay more out-of-pocket in the event you are in an accident.

Neither collision or comprehensive coverage provide compensation for injuries or damages you may cause to someone else’s vehicle. Make sure your auto insurance policy also includes medical payments coverage and liability to take care of any injuries or third-party damages involved in an accident.

Choosing your coverage limits and deductible for your auto insurance is incredibly important, as choosing too little coverage can leave you with holes in your policy while too high a deductible can leave you struggling to repair your vehicle. Speak with an insurance agent about insuring your vehicle.

Antique and Classic Car Insurance

Thu, 01 Feb 2024 01:15:00 GMT

If you’re a car lover who owns a classic or antique vehicle, you’re probably wondering how you can best protect your investment. After all, some classic and antique cars are incredibly rare and expensive. That’s where antique and classic car insurance can come in handy.

What is antique and classic car insurance?

As the name suggests, antique and classic car insurance is designed to provide coverage for a specific type of car. Regardless of how you intend to use the vehicle (e.g., as a show car or a pleasure car), antique and classic car insurance can provide unique coverage to protect your investment.

Coverage Inclusions

Policies vary depending on a variety of factors. Some provisions a typical classic and antique car insurance policy may include are:

Agreed value coverage: Pays for the car’s full-insured value with no depreciation in the event of a total loss, less your deductible.
Inflation guard: To compensate for how classic cars increase in value over time, the policy increases the vehicle’s value quarterly.
Spare parts coverage: To provide coverage for obtaining or replacing parts on your vehicle.
Flexible usage: Ability to drive the vehicle up to 2,500 or 5,000 miles annually. Not limited to “parades only.”

Additional Coverage Options

In many cases, you can purchase additional coverage and customize your antique or classic car policy to fit your needs. Some common additional coverage options include:

Emergency towing in case of a breakdown.
Roadside assistance for items such as a flat tire, dead battery or running out of gas.
Emergency lockout
Lost key return
Emergency travel expenses in case your classic vehicle breaks down while away from home.
Car show expenses: Policy may pay for expenses associated with missing a car show due to a breakdown.
Theft reward
Personal effects: Policy may reimburse you for items that are vandalized or stolen when reported to police.

Three Mistakes To Avoid When Buying Auto Insurance

Fri, 01 Dec 2023 23:02:00 GMT

Buying the legal minimum protection. In most states, the only legal requirement for auto insurance is liability. This is the insurance protection necessary to cover the other driver if you are found to be at fault in an accident. Liability-only coverage means no comprehensive or collision protection. It also leaves nothing to protect you against theft or vandalism. Buying the legal minimum of protection legally implies that you’re willing to pay for these costs out-of-pocket. Additional protection can be considerably more affordable than you'd expect. So, it's worth looking through your options and getting more protection — even if you don't think your car is anything special.
Shopping exclusively on price. Just because an insurer can offer you the lowest price doesn't mean they're your best option. Look up your insurer on websites like the Better Business Bureau and find out if they pay claims on time, if they're easy to work with, if they deal fairly with their customers. Look at your policy and make sure it provides a level of protection that you're comfortable with no creative exclusions.
Leaving your insurer uninformed. Anything your insurer might need to know, tell them. If you initially told them that you were driving five minutes to and from work, and now you're commuting twenty minutes, let them know. If you had to rehaul the engine, or if you got married and now your spouse drives the car sometimes, let your insurer know. The only way that your insurer can guarantee adequate coverage is if they know what you're driving, where you're driving it, and who else might be behind the wheel.

It doesn’t have to be difficult to get the best insurance coverage at great prices. Don't be afraid to put a little time and effort into the process, know what you're buying, and know who you're buying from.

5 Common Homeowners Mistakes

Wed, 01 Nov 2023 08:34:00 GMT

Both new homeowners and veteran homeowners can fall into common pitfalls when it comes to homeowners insurance. Homeowners insurance isn’t always straightforward, and mistakes are often made when it comes to coverage and compensation. Make sure...

5 Things You Need to Know About Flood Insurance

Sun, 01 Oct 2023 20:05:00 GMT

Flood insurance must be purchased separately. Contrary to popular belief, standard home insurance policies do not include flood coverage. This coverage must either be added to your home insurance or purchased separately. Your independent insurance agent can help you find great coverage for the right price.
Floods can happen anywhere. Though some areas are designated as flood zones, floods can occur anywhere and at any time. In fact, 25 percent of flood insurance claims come from homeowners located in low- to moderate-risk areas.
Flood insurance has limits. Like any policy, flood insurance comes with coverage limits. Standard policies typically include up to $250,000 for your home and up to $100,000 for your belongings. However, you can purchase additional coverage if your property is worth more.
Don’t wait to act. When you buy a flood insurance, it usually has a 30-day waiting period before your coverage becomes active. So if you’re interested in flood insurance, it’s best to go ahead and get it now. If you wait until a big storm is predicted before you get coverage, you may be out of luck.
The price is lower than you may think. Many people cite the expense as the primary reason for neglecting to get flood insurance. However, the average annual premium for a flood insurance policy is only $650. While still an expense you may have to budget for, the price tag is much less than that of an actual flood and the damage it causes.

The Advantage of Personal Umbrella Insurance

Fri, 01 Sep 2023 17:23:00 GMT

Have you ever considered what the cost would be if someone were to sue you after they get hurt in your home? What if they demand compensation because you accidently damaged their property? Most people don’t like to think about the financial rui...

Some Tips on How to Save on Auto Insurance

Fri, 04 Aug 2023 09:18:00 GMT

Multi-line policy: Bundling your policies with a single insurance company can result in savings on each one. Insurances companies are businesses after all and, as such, it’s in their best interests to incentivize your increased business.
Fewer payments: Each time you make a payment to your insurance company, processing fees are tacked on to cover administrative costs. Though these fees are usually only a few dollars, they can add up to cost hundreds over the years. The solution? Make fewer payments. Instead of paying monthly, pay quarterly, biannually or even annually if you can. You’ll save money in the long run.
Drive safe: The less risky a driver you are, the less you’ll generally pay for insurance. Accidents and tickets can increase your rates and mar your record. Safe drivers not only have lower calculated premiums, they can also be eligible for further discounts.
Ask about discounts: Just like good drivers can save, so too can good students, seniors, loyal customers, military personnel, teachers and more. Ask your agent if you qualify for a discount and start saving today.
Shop smart: Different models of cars will have different insurance rates based on their overall safety. Sports cars and luxury cars tend to be the most expensive models to insure, while more sensible sedans and compact SUVs typically cost less to insure. When car shopping, ask your agent for a quote on several models of your choice to help you determine which cars are within your monthly budget.
Don’t over-insure: If you drive an older car, the cost of collision and/or comprehensive coverage could be more than what the car’s worth. In such cases, reduce your coverage down to the state minimum to stay legal, without paying for something you don’t need. You can even pocket the extra money you save to put toward a new car.

Standard Motorcycle Insurance Elements

Thu, 06 Jul 2023 21:41:00 GMT

Uninsured/underinsured coverage: Use this protection if another at-fault driver does not carry enough liability insurance (or any at all). This protection can help you pay for your own damage for which someone else was responsible.
Personal injury protection: Pays for your own medical needs following a wreck.

In some cases, you might be able to decline certain portions of required coverage. For example, if you can self-insure, you could possibly decline certain coverage. Still, you should never go without the proper financial protection.

Other Coverage to Add to Your Policy
Remember, your state’s required coverage is set at minimum levels. You’ll likely need expanded coverage to protect the true value invested in your bike.

Ask your insurance agent to increase your liability limits. This move can help to make your potential duty to others more secure.
Consider buying collision coverage. This protection can help you pay for damage to your own bike following a wreck.
Also ask about comprehensive protection. It can pay for your bike's damage from non-accident hazards like fire, weather or theft.
Many policies offer roadside assistance, towing or rental car coverage. Therefore, following vehicle problems, you’ll have protection for residual costs.

Remember, the limits you select on your policy must reflect your own bike value and driving risks. Help your agent understand the full financial investment you have on your bike. With the right coverage, you can make yourself much more secure.

What Does Flood Insurance Cover?

Fri, 02 Jun 2023 23:37:00 GMT

Damage to your home's structure and foundation
Your electrical and plumbing systems
Major appliances including stoves, refrigerators and dishwashers
Your HVAC system including central air, furnaces and water heaters
Any permanently installed carpeting, paneling, wallboard, bookcases or cabinets
Blinds for your windows
Detached garages are covered for up to 10 percent of your building property coverage
The cost of debris removal

Coverage for Your Personal Property
You are covered for most of the contents that are inside your home. The list includes non-attached appliances such as washing machines, dryers and microwave ovens. It includes room air conditioners, carpets that can be moved and curtains. Other personal possessions like clothing, electronics and furniture are eligible. You may also receive coverage of high-value items such as art and furs, subject to a $2,500 limit. However, you can add to the coverage of valuables by purchasing a policy endorsement.

Some Things are Not Covered
Cash, gold coins, property outside of an insured structure, temporary housing and cars are generally not covered by flood insurance. Basements and other areas below the elevation of the lowest floor are usually not covered.

Talk to your agent about your specific flood insurance coverage needs. He or she can answer all of your questions and help you choose the right amount of coverage and the most appropriate deductible for your personal needs.

3 Ways to Save on Homeowners Insurance

Thu, 18 May 2023 22:08:00 GMT

Senior discounts: for ages 55 and up
Home security discounts: for homes containing security features such as smoke alarms, alarm systems, fire sprinklers and dead bolts
Loyalty discounts: For years of loyalty to an insurance provider
Home improvement discounts: for renovated homes with new features such as new electrical wiring, new heating systems and new plumbing systems

Remember, the less risk your homes poses, the more likely it is that your insurer will be willing to offer you a discount.

Raise your deductible
A higher deductible often equates to lower monthly premiums. Most standard homeowners policies have a $500 deductible. However, it’s recommended that you raise your deductible to the highest amount you could afford at any given time. That way, you’ll save money each month on your premium—up to 25 percent off! With this discount, you can save more of your income, which can fund your deductible if a covered event occurs.

Bundle your policies
Bundling your policies together with a single insurer can save you up to 15 percent on premiums across the board. The most common bundle is home and auto, but you can also include your RV, boat, any other recreational vehicle you own and even your life insurance—the possibilities are endless. A multi-line policy is an easy, effortless way to save money right away.

Insuring Your Condo

Tue, 18 Apr 2023 00:06:00 GMT

Condo insurance protects your property, as discussed above, from fire, severe weather, theft and vandalism.
If your home becomes uninhabitable after a covered loss, condo insurance can cover temporary living expenses while repairs are made.
Condo insurance protects visitors in the event they get injured or suffer property damage while in your condo. This also benefits you, as you would otherwise be responsible for paying the costs.

As you can see, condo insurance provides valuable coverage that’s worth your consideration. Plus, it’s often more affordable than home insurance because you’re covering less. Call your independent insurance agent today to get a free quote om condo insurance .

Condominium Insurance and What It Covers

Fri, 03 Mar 2023 10:08:00 GMT

The cost to repair or replace the inside of your home if it were damaged
The cost to replace the contents of your home

We recommend insuring your personal property for its replacement-cost value to help you replace yesterday’s purchases at today’s price tags.

Liability Protection
In addition to your belongings, the liability-to-others portion of your policy covers you against lawsuits for bodily injury or property damage that you or a family member—and some cases, pets—cause to other people. It pays for both the cost of litigation and any court awards, up to the limit of your policy, and covers you at home or away.

Additional Coverages to Consider
Unit assessment coverage: This coverage reimburses you for the expense passed on to you by the association as long as the cause of loss was covered by the association’s policy.

Sewer backup: This coverage insures your property for damage by the backup of sewers and drains (does not include flood protection).

Flood or earthquake: These can strike anywhere, so it’s important to understand your risks and check into coverage options.

Top Ways to Save On Your Premium

Consider raising your deductible.
Invest in a home security system.
Update exterior locks to dead bolts.
Install smoke alarms.
Select an automatic payment method.
Monitor your credit rating.
Ask about our multi-policy discounts.

The Importance of Buying Auto Insurance

Thu, 02 Feb 2023 01:12:00 GMT

Paying out of pocket for all internal and auto body damages.
Legal issues, as all states require you to have a valid insurance policy.
Losing your car, as most car accidents can be a major expense, which you may not be able to afford.

Invest in Your Vehicle
Buying auto insurance for your vehicle is the best investment that you can make for your car. With auto insurance, you are only entitled to pay your deductible, which can save you thousands. Not only will your insurance policy protect you financially, but insurance will also allow you to drive with more confidence, as you will not have to worry about the major conflicts that car accidents create.

Receive Perks with Your Insurance Policy
When buying insurance, not only are you buying protection for you and your vehicle, but you can also receive many perks with your insurance policy. Many insurance policies offer:

Traveling discounts
Road side assistance.
Little or no cost rental cars. (This can be extremely beneficial when your car is in the shop.)

Having auto insurance is a great way to protect one of your most valuable possessions, as well as prevent major debt issues the next time that you are involved in a car accident. So, investing in a car insurance policy is always best and will allow you to drive safely, as you will be protected by a reliable and trusted provider.

The Fundamentals of Condo Insurance

Wed, 07 Dec 2022 23:05:00 GMT

Personal Belongings Coverage: This provides compensation for personal items that are lost or damaged due to fire, lightning, smoke, wind, hail, theft or vandalism.
Liability Insurance: This covers bodily injury and property damage someone else may suffer while visiting your home. This coverage can also help you in case of a lawsuit.
Additional Living Expenses Coverage: This pays the costs related to temporarily moving while the condo is being repaired or rebuilt after a disaster.

There is dwelling insurance available on condo insurance policies. However, it is different from the coverage contained within standard home insurance. It does not cover the exterior of the property, and the condo association will usually carry the coverage for structure damage within their master plan.

Association policies cover structures in either all-in or walls-in terms. An all-in policy covers items within the condo - such as fixtures, flooring and appliances, on behalf of the client. A walls-in policy, however, does not cover these inside fixtures, and at this time the occupant will need to turn to their own policy. If your landlord only carries a walls-in policy, you must purchase your own property coverage within your condo insurance.

Be forewarned, however, that even when the condo association has an all-in coverage, they might still require you to turn to your own benefits in order to repair the damage to the home. For example, if you are at fault for a house fire that damages part of the structure, the association might demand that you compensate them for the damage using your liability insurance.

Do You Know What Your Homeowners' Insurance Policy Covers

Tue, 01 Nov 2022 23:39:00 GMT

What perils are you covered for?
What are the policy limits?
What exclusions exist?

If you get a handle on these areas you will be in a much better position to know what you have and what coverage lacks. You will also be in a much better position to compare rates and coverage.

Most policies, for example, will cover the home's main structure and outbuildings for damage due to storms, fire and other natural disasters. There may be exclusions for high winds, and weather-related flooding almost never has coverage. You might need separate coverage for these losses.

There will be total limits for coverage on your property. Make sure these limits are sufficient to cover the home's value. Do the same for the limits for personal belongings and collectibles.

If your home has increased in value significantly, then this is an area worth revisiting. This is also a good time to make sure all information on your policy is accurate. Have you acquired a dog or put in a pool or made other significant improvements? Those might merit amendments to the policy.

It's Time to Compare
Now that you know how much you pay and what perils have coverage, you are in a better position to compare policies. It is important to note that if you find better coverage at a better rate, it is your decision to switch insurance companies. It is your right and your privilege. Your agent is able to be your advocate in this regard.

Types of Auto Insurance

Tue, 04 Oct 2022 22:22:00 GMT

Collision: This option covers the cost of repairs to your vehicle after it’s been damaged in a collision with another vehicle, an animal or a stationary object. Some policies may also cover the cost of a rental car during the repair process.
Liability: Every state requires drivers to buy liability coverage, though coverage limits vary. This option protects other drivers in the event that you cause an accident. It helps cover third party vehicle damages, medical bills and any necessary legal expenses or settlements.
Comprehensive: Not all damage results from an accident. This option covers car repairs that result from weather damage, fire, flooding, theft and vandalism.
Medical expenses: While liability coverage helps fund other drivers’ medical bills, this option helps cover your own medical expenses if you’re injured in an accident.
Uninsured/underinsured motorist: Even though drivers are required to buy auto insurance, some neglect their responsibility. If you get hit by an uninsured driver—or a driver who doesn’t have enough insurance to cover your damages—uninsured/underinsured motorist coverage can pay for your losses.

Do You Need Flood Insurance?

Thu, 11 Aug 2022 00:15:00 GMT

You may consider flood insurance if the weather has changed in your area and you notice more rainfall, snowfall or a river or creek nearby with higher water levels. You might also consider flood insurance if you notice that the boundaries of a creek or river have changed due to erosion. You might want to consult with your agent to see if the flood boundaries are changing due to weather changes.
If you live near the coast, it's a great idea to have flood insurance. The unpredictable nature of hurricanes can cause floods. Anyone who lives on the coast has the chance of experiencing a hurricane and should protect their homes with flood insurance. Even if you live a few miles inland, the floodwaters can reach your home. Check the flood map to see how close you are to a high risk area and then talk with your agent to decide if you need flood insurance.
If you live in a low elevation area where there is the possibility of a flash flood, you need flood insurance. Flash floods can happen just about anywhere as a result of rapid rainfall. Even in the desert, you could be the victim of a flash flood. Your insurance agent can help you see which areas historically have flash floods as you make your decision about flood insurance.

Those are three reasons to consider flood insurance. Your insurance agent can help you find the best policy for your family and can help you see how adding that policy can save you thousands of dollars if your home is flooded.

Should You Buy Home Insurance for a Condo?

Fri, 08 Jul 2022 20:50:00 GMT

Many people would consider a condo as something between a house and an apartment. If you've recently purchased a condo, you may wonder if you need to buy homeowners insurance. The answer is yes, but you will need a special type of coverage. Keep read...

What Does Your Home Insurance Cover?

Wed, 22 Jun 2022 02:26:00 GMT

Electronics
Artwork
Clothing
Jewelry

Some items may require additional insurance coverage to ensure you have adequate protection.

Safeguard Other Structures
Garages and carports are both structures that protect valuable personal belongings. Fortunately, home insurance may help you cover the costs of replacing or repairing them if the structures are damaged by something covered in your insurance policy.

With the right homeowners insurance policy, you can rest assured knowing that you will have protection in the future when you need it. Your insurance company may provide you with the financial support you need if you experience damage from an event specified on your policy. However, the best way to know whether you have enough insurance and the appropriate coverage is by understanding what is covered in the basic home insurance policy.

The 3 Most Common Causes of Car Wrecks

Fri, 06 May 2022 22:12:00 GMT

Rear-end wrecks : Nearly 30 percent of all car accidents are caused by a driver rear-ending another driver. And the vast majority of rear-end wrecks result from the former driver being distracted from the road. To avoid such accidents, always pay attention while driving. You may think you have time to mess with the radio dials or dig around your purse for your cell phone, but, in reality, it only takes a few seconds of distraction to significantly increase your likelihood of getting into an accident.
Side-impact crashes : T-bone-type crashes, in which a driver collides with a car that has the right of way (usually in intersections), account for over 20 percent of car accident deaths. The high volume of resulting deaths occurs because the sides of cars have less space to protect passengers from the impact of a crash. To avoid such accidents, simply follow traffic laws. Fully stop at all red lights and stop signs and ensure that no one is entering the intersection from another direction when you take your turn. Also, consider buying a car equipped with head-protecting side airbags, which help prevent deaths from side-impact crashes.
Hydroplaning : This phenomenon occurs when your car’s tires cannot push away water fast enough to make contact with the road, and, instead, glides over a thin layer of water until traction is regained. When hydroplaning, a driver has no control over the direction the car will travel. To avoid this occurrence, drive slowly when it’s raining or when water is otherwise present on the road. The slower you drive, the easier your tires can move the water out of the way in order to maintain traction. The water is moved by traveling through the treads in your tires, so double-check that your tires are in good shape and replace them when the treads wear down. If you do begin to hydroplane, avoid slamming on the brakes, which will only make matters worse. Instead, stop accelerating and apply gradual, steady pressure to the brakes so your car can coast down to a safer speed.

Do Car Wrecks Qualify Employees for Workers’ Compensation?

Tue, 19 Apr 2022 23:56:00 GMT

Business owners or their employees might drive on behalf of the business every day. Some might make deliveries, others might travel for meetings or to see clients. Even in this time of social distancing, travel has not stopped. Plus, working away fro...

Do You Need Flood Insurance in a Low-Risk Area?

Tue, 15 Mar 2022 23:58:00 GMT

It’s quite common for property owners to believe they may not need flood insurance because they do not live in an area that is at a high risk for floods. The federal government creates very specific flood maps. These maps determine just how muc...

Consider Insurance When Buying a Condo

Tue, 22 Feb 2022 21:25:00 GMT

The investment in a condo, whether your first one or your tenth, is a big decision. You may be looking to relocate, purchase your first home or even downsize from a large home you no longer need. Condos are very different in terms of ownership and li...

Can I Lower The Cost Of My Home Insurance?

Fri, 21 Jan 2022 21:30:00 GMT

home insurance

10 Essential Items for Your Emergency Winter Car Safety Kit

Thu, 23 Dec 2021 00:01:00 GMT

Learn about more ways to protect yourself and your car. Call Silver Coast Insurance at 850.785.2383 for more information on auto insurance .

Commercial Auto Insurance: Maintenance Tips to Help Reduce Insurance Claims

Mon, 22 Nov 2021 18:59:00 GMT

Sele ct a single mechanic or firm to handle all of the repairs and maintenance on your vehicle. This way, there is a long, organized list of information available about the vehicle, the repairs done to it, and any services it may need. This type of ongoing management is important for most commercial vehicles.
Empower employees to share information. Provide a simple and straightforward way for employees to report concerns about the vehicle. This includes having a way to quickly report problems.
Use a computer system to manage the maintenance and changes to the vehicle. This in-house solution is important for businesses that have a large number of vehicles that are hard to manage otherwise.

Does Commercial Auto Insurance Cover Employee Vehicles?

Fri, 22 Oct 2021 21:32:00 GMT

Comprehensive Coverage : Comprehensive coverage provides compensation for damages to the insured vehicle caused by wind, fire, hail, lightning, falling objects, theft, vandalism and more.
Collision Coverage : Collision coverage provides compensation for damages to the insured vehicle caused by a collision with another vehicle or object.
Liability : Liability insurance covers bodily injury and property damage a driver may cause someone else while operating the insured vehicle.
Medical Payments Coverage : Medical payments coverage provides compensation for injuries the driver and their passengers may sustain after an accident, no matter who is at fault.
Uninsured/Underinsured Motorist : This insurance covers expenses (such as medical bills and property damage) that occur in an accident with a driver who is not carrying the proper amount of insurance.

The Basics of Condo Insurance

Fri, 10 Sep 2021 22:55:00 GMT

While condo insurance is similar to home insurance, there are some key differences. Namely, the role of the homeowners association. The HOA fee you pay as a condo owner not only covers common areas like the pool, but it also covers (in most cases) the exterior of the building, including the roof and foundation. Because the HOA covers these items, condo insurance is often less expensive than home insurance. However, flood and earthquake is excluded from standard policies and must be purchased separately.

Your independent insurance agent can help you find the right condo coverage for your needs. Be sure to ask about discounts, particularly if you’re planning to bundle in your auto insurance and/or if your condo is equipped with a security alarm.

Getting Appropriate Coverage Levels for Your High Value Home

Thu, 26 Aug 2021 22:45:00 GMT

Does your home contain expensive art, jewelry or other valuables? You might be able to add a specific dollar amount of coverage to protect these items. This is excess value or valuables coverage.
What was the cost of building your home? If it was excessive, would a standard policy be enough to cover the replacement value? If not, consider high value home insurance.
Do weather, fire or theft pose threats to the home? High value policies may contain higher levels of property value.
How could water damage affect your home? The average home insurance policy doesn’t cover flood threats. If water damages an expensive home, the repair costs could add up quickly. High value home insurance can contain sewer and drain damage coverage. This coverage can protect the home in case of some types of water damage.

Are SUVs More Expensive to Insure?

Fri, 09 Jul 2021 15:11:00 GMT

SUVs cost more to replace. If an accident totals the vehicle, the insured may pay more for this larger vehicle than a sedan.
Some makes and models are more expensive than others. This is due to their value, but also their safety ratings. When buying an SUV, take safety ratings into consideration. Often, safer vehicles cost less to insure.
SUVs often have extended features that can add to the value. Those with powerful engines are more expensive to insure because of the cost of replacing those components.
Some types of SUVs drive off-road or at a high rate of speed. This makes them riskier vehicles to operate and insure.
Some SUVs can be more affordable than luxury vehicles. If the vehicle is considerably safer, for example than a luxury vehicle, you’ll likely spend less.

Don’t skip out on buying an SUV because the auto insurance seems to be a bit more. Instead, work with your car insurance agent to get the best rate possible for the vehicle you desire. You’ll find that policies can vary significantly from one insurer to the next. You can always request a quote for a car insurance plan from your agent before you decide to buy the vehicle. That can help you know what to expect.

St. Andrews Insurance can help you get a fast, free quote on auto insurance that will meet your needs. Call us at 850-785-2383 for more information.

Do I Need Workers Compensation For My Temp Workers?

Tue, 22 Jun 2021 16:30:00 GMT

workers compensation insurance

Temporary Employees: The p rimary responsibility for your temporary employees falls on the agency that employs them. They may be working for you, but they are employed by the agency and workers compensation concerns will generally fall to their end. That said, this is not a guarantee against being sued. Client companies can be sued for a general liability claim. To avoid this, you can require the temp agency to take full responsibility for any injuries their workers suffer at your place of business.
Day Laborers: Assuming you have hired day laborers through an agency, they count as temporary employees, and everything discussed above applies. Otherwise, they are being hired as private contractors or freelancers, discussed below.
Freelancers: A freelancer who wants workers compensation insurance will be required to buy it for themselves. However, this does not mean that you are completely off the hook , should a freelancer or contractor be injured in the course of performing the work duties with which they have been tasked. If someone is injured building a fence for you, for instance, they may be entitled to sue you for damages.

In short: You need workers compensation for your actual employees, the people that you have hired through interview processes and provided with benefits and a steady paycheck, and you need general liability for everyone else who works for you.

It is worth understanding, of course, that just because you hired someone on a contract basis, that doesn't mean that the court will regard them as a contractor. The rule of thumb is as follows: If the payer is commissioning the results of the job, the worker can be considered a contractor. If the payer is dictating how the job is to be done, they might be regarded as an employee. Additionally, you may incur further liability if you attempt to instruct your contractors in the task and they are injured as a result of following your advice. So, it's a good idea to just stay out of your contractors’ way.

How to Determine if You Are in a High-Risk Flood Area

Fri, 28 May 2021 14:47:00 GMT

flood insurance.

Understanding Insurance Requirements for Your Condo

Fri, 30 Apr 2021 22:37:00 GMT

Other elements of coverage might also come in handy. You might need to add special riders for high-value items, such as jewelry or art, for example.

Coordinating Coverage with Your Association
In a condo or apartment, your property will touch, and even blend with, the property of others. This is most clearly observed in the home’s structure. Portions of your home’s walls, ceilings, floors and fixtures might abut others’. Nevertheless, they remain your own property. So, you must work alongside your condo association to guarantee you get the appropriate coverage.

Your condo association will likely carry a degree of coverage on the structure of the home. However, what these policies insure will vary. Some might cover certain damage inside the apartment. Others will cover nothing inside your walls. Therefore, find out about your need for coverage from your association owner.

If you have any questions about covering your condo and its contents, be sure to speak with your insurance agent. There are similarities between condo insurance and other policies such as home and renters insurance, but there are important differences, as well. Connect with your insurance agent and ask about bundling your condo insurance.

What is Cash-value Homeowners Insurance?

Thu, 11 Mar 2021 17:45:00 GMT

All homeowner policies automatically cover household contents, but the way they are covered varies greatly depending on the type of policy. When you file a claim with a cash-value homeowners policy, your lost, stolen or damaged items are paid out at a depreciated value.

On the other hand, a replacement-cost policy pays for the cost of a new TV similar to the one that was stolen or damaged. You get the full $1,000 back in the event of a loss, but at a cost of higher monthly premiums. Replacement-cost coverage can be an affordable solution. Cash-value may be the best option for homeowners on a budget. Experts estimate that opting for replacement-cost coverage over a cash-value policy could cost you up to 15 percent more each month in premiums.

Evaluate Your Options

A cash-value homeowners policy can be a great option, but not for everyone. To discover what type of homeowners policy you need, analyze your home and possessions by making a list of your home’s contents. Don’t wait until after a catastrophic loss or devastating natural disaster to realize you failed to adequately assess your insurance needs.

Carefully analyze your insurance needs and decide if cash-value coverage is right for you:

Make an itemized list of everything that could possibly be damaged, lost or stolen in an incident, disaster or accident. Be sure to include household furnishings, equipment and any other personal possessions.
Clearly identify the item by providing a brand name, serial or identification numbers, and a detailed description, including color, size, style, features and unique characteristics.
Include the date the items were purchased or acquired on the list. This will prevent your possessions from being under-valued in the event of a claim. Also include the purchase price, which is especially important if you have a cash-value policy.

Why You Should Consider Cash-value Coverage

For many families, cash-value coverage is the most affordable solution. It gives you peace of mind by adequately insuring your home and its contents in case of a loss, but also offers the benefit of lower monthly premiums.

Also Read: Should I Carry Home Insurance After I Pay Off My Loan

Get A Quote

Does Your Car Attract Thieves?

Fri, 26 Feb 2021 18:45:00 GMT

Although you may not like to think about it, the car you drive may be one that thieves are looking to steal. That’s right, certain cars are targets, and you may be driving one.

Every year, the National Insurance Crime Bureau (NICB) puts together a list of “Hot Wheels” which are the most commonly stolen cars from the previous year. According to the NICB, older car models are hot commodities for car thieves because they can get good money for stolen vehicle parts. To find out if your car is in danger of being stolen, look at the following lists of the 10 most frequently stolen cars in the United States.

Most Commonly Stolen Cars in General

According to the NICB’s annual report of the most frequently stolen cars in the United States, the most stolen vehicles in 2019—the most recent year data is available for—included the following:

Ford Pickup (Full Size) (38,938 stolen)
Honda Civic (33,220 stolen)
Chevrolet Pickup (Full Size) (32,583 stolen)
Honda Accord (30,745 stolen)
Toyota Camry (15,656 stolen)
Nissan Altima (13,355 stolen)
Toyota Corolla (12,137 stolen)
Dodge Pickup (Full Size) (11,292 stolen)
GMC Pickup (Full Size) (11,164)
Honda CR-V (10,094 stolen)

Most Commonly Stolen Cars By Model Year

The NICB’s report also includes a list of the most frequently stolen cars by model year. The top 10 included the following:

2000 Honda Civic (4,731 stolen)
1997 Honda Accord (3,563 stolen)
2006 Ford Pickup (Full Size) (3,061 stolen)
2004 Chevrolet Pickup (Full Size) (2,099 stolen)
2019 Ram Pickup (Full Size) (1,547 stolen)
2001 Honda CRV (1,394 stolen)
2015 Nissan Altima (1,349 stolen)
2001 Dodge Pickup (Full Size) (1,174 stolen)
2019 Jeep Cherokee/Grand Cherokee (1,110 stolen)
2018 GMC Pickup (Full Size) (1,101 stolen)

Summary

Regardless of what type of car you have, there are things you can do to prevent theft, which include never leaving your vehicle running and unattended for any reason, and making sure to always park in a high-traffic, well-lit area.

If you happen to have a vehicle that’s on the Hot Wheels list, talk to your local law enforcement to see if they provide any anti-theft devices at little to no cost to you.

Also Read: What Should You Do the Day After a Car Accident?

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Liability Insurance for Injuries Sustained in Restaurants

Thu, 14 Jan 2021 17:00:00 GMT

If you are a restaurant owner, then you see your fair share of traffic in and out of your doors every day, even if you have capacity limits and social distancing rules in place. When you do open your doors each day, however, you must remember that you have a duty to create a safe environment for your clients. There is always a chance that an accident could happen, and if one of your patrons gets hurt, then it might be your responsibility to pay for their recovery costs.

With the help of your restaurant insurance agent, you can implement strong general liability insurance that will help you address someone’s losses if they get hurt on your premises. Still, it’s up to you to recognize where these hazards exist, and to do what you can to prevent customer injury risks.

Consider just a few common injury hazards, and what you should do to keep the risk of them happening to a minimum in your restaurant.

1. Slip-And-Fall Risks

Plenty of customers will move throughout the restaurant during their time with you. Should they slip in a puddle, trip over an extension cord or fall out of a chair when one of the legs suddenly collapses, then they could face considerable injuries.

2. Burn Risks

Lighted candles, buffet burners and even hot coffee can all cause burn risks to a patron, especially if the restaurant owner did not properly warn them that these hazards were presents. Not only are any open flames burn risks, but they also are fire risks that could easily get out of hand.

3. Food-Borne Illness & Injury Risks

Of course, any time you serve food, you must provide prepared, sanitary and quality products. Not only could poorly prepared food lead to risks of food poisoning, but there are countless other potential hazards present, too. For example, improperly stored food could infested with a pest or saturated with a poisonous chemical. Or, food prepared for someone with a nut allergy could become cross-contaminated with peanuts and cause that person to experience anaphylaxis.

In any case where an accident occurs on your watch, the customer could hold your business responsible. They might even sue you for the medical bills, lost income and pain & suffering that you caused them. Even if you didn’t intend for this injury to occur, you still might be liable for it because you neglected to take steps to reasonably prevent it from happening.

Under these circumstances, general liability insurance that is customized for a dining establishment will help you get the appropriate coverage in case such a challenging event ever occurs.

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Why is Flood Damage Excluded from Property Insurance?

Thu, 31 Dec 2020 17:15:00 GMT

There are a few common exclusions you may come across when it comes to property insurance such as home insurance , renters insurance and commercial property insurance. One of these exclusions includes flooding. Damage to your property caused by flooding is not often covered by property insurance, although there is no clear reason why this is. One reason may be that natural flooding, accidental flooding and intentional flooding can be hard to differentiate when it comes to investigating a claim.

Either way, it is important to know about this exclusion so that you can fill in the gaps of your property insurance policy.

How Does Flood Insurance Work?

Flood insurance often comes as an additional policy or endorsement to your other property insurance policies. Not all insurance providers offer this insurance, however. If you need flood insurance, it is important to find an insurer that offers this additional coverage.

When you do purchase flood insurance, it works much the same as any other property insurance policy. If your property is damaged by a flood, contact your insurer. They will send an underwriter to investigate the claim’s validity and calculate how much compensation you may receive based on the damages and your policy. Only once the claim is approved will compensation be provided.

Is Flood Insurance Expensive?

On its own, flood insurance is relatively inexpensive, although the cost depends on a variety of factors such as:

Your flood risk (including location)
Coverage limits
Value of the insured property
Deductible

A higher deductible may mean lower monthly premiums, but it also means paying more out of pocket if you ever have to file a claim.

Your flood risk is perhaps the biggest factor concerning your flood insurance rates. If you live in an area with frequent flooding, often known as high risk flood zones, you will likely pay more for flood insurance than those who live outside of it. However, floods have become an increasing issue across the U.S., including in areas that previously did not have trouble with flooding.

Flooding costs billions of dollars in damage across the U.S. each year. This is why it is important for property owners to consider flood insurance when looking to protect their business, home or personal property. Flood insurance generally covers against natural floods, but you may be able to add endorsements to cover flood damage caused by sewer and pipe damage, as well.

Also Read: Does Flood Insurance Cover Burst Pipes?

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Does My Condo Insurance Cover Jewelry?

Wed, 25 Nov 2020 19:10:00 GMT

Condominium owners need to be able to insure their home appropriately to them. While this might mean that insuring the structure requires investigation, there is also a need to examine your possessions insurance, too. The contents of your home are your responsibility alone, and you must establish the appropriate coverage for them.

Sometimes, when it comes to high-value items like jewelry, you might find your standard possessions insurance isn’t quite adequate. That’s why you might need to enhance your coverage using special policy riders, or endorsements. Let’s take a closer look at how to work them into your condo policy.

Condominium Contents Insurance and Jewelry

Condominiums will house your belongings just like any other home. Therefore, your plan will include possessions insurance that is designed to insure these items in case of hazards like:

Fires
Theft
Vandalism
Severe Weather

You will choose a coverage limit and a deductible on your policy so that it will adequately reflect the value of your belongings. However, even if you customize these limits, you might find that your coverage is not adequate for high-value items like jewelry.

Jewelry is very expensive and at a high risk of damage or theft from any home. Therefore, many standard property insurance policies cannot adequately cover these items. Some will exclude them from coverage altogether. Others will place limits on how much they will pay. For example, though you might have $100,000 in possessions coverage, your plan might pay only $10,000 for all damaged jewelry. This might not truly represent the value of the lost items.

All the same, there are solutions available to help you better insure jewelry under your condo insurance. A scheduled item rider is often the best way to get this coverage.

What is a Scheduled Item Rider?

A scheduled possession is a belonging that you specifically insure using a special insurance endorsement. When it comes to jewelry, many people take this route to insure wedding sets and other expensive, even irreplaceable items.

The rider will insure this item under different terms than the rest of your possessions coverage. Therefore, you’ll receive tailored coverage that truly represents the item’s value. In many cases, a scheduled item rider will pay for jewelry based on its replacement value and you won’t run the risk of exceeding the limit of your other possessions coverage.

Additionally, this rider might cover a greater set of losses than standard possessions coverage. For example, you might be able to insure the jewelry against accidental loss, which your standard plan usually won’t cover. Therefore, you’ll have a much more expansive benefit for some of the most common losses that might damage your precious items.

Also Read: What Does Condo Insurance Cover?

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Should I Carry Home Insurance After I Pay Off My Loan

Thu, 29 Oct 2020 21:56:00 GMT

Home insurance is an important piece of protection that everyone who owns a house needs to carry. It’s there to protect you from any number hazards that might occur on the property. However, you might think that the risk might be less than the investment itself. Therefore, you might want to cancel your policy if you live in an older home that you have paid off. But don’t do it. There are a multitude of reasons why this is not a good idea.

Even though you might not have financing on your home anymore, that doesn’t mean you don’t have an investment in your property. Therefore, it’s imperative that you always carry home insurance.

Why am I required to have homeowners insurance?

When you buy a home, you might apply for a mortgage or other loan to finance the purchase. However, once a lender agrees to approve your loan, they will likely require you to buy homeowners insurance. You will likely have to carry this coverage for the duration of your loan.

The reason for this is because by agreeing to provide you with a loan, your mortgage lender will make an investment in the property, too. Therefore, should a problem occur and damage the home, the lender faces a risk of losing out on this investment.

By requiring you to carry coverage, they make sure that you have the financial ability to protect yourself from multiple hazards that might occur in your home. The loan itself won’t face a risk of default, and your own ability to recover from these accidents will be better assured.

Why should I keep my policy after I pay off my loan?

Even after you have paid off your home loan, that doesn’t mean you lose any of your own investment in the property. After all, you have spent years paying for your home, maintaining it and making it your sanctuary. That’s a lot of money that you could stand to lose if anything were to happen.

Think of the ramifications of a costly fire, break-in or severe weather event on your home. They could be devastating, not to mention extremely costly. Without the benefits of home insurance, you might have to attempt to pay for these losses out of pocket. You shouldn’t have to worry whether you can afford this. Instead, you should be able to rely on your home insurance to help you ease the burden.

Still, to get the most out of your homeowners benefits, you must have a policy that is tailored to you. That’s why it’s imperative to periodically review your benefits both during your mortgage term and after it ends. Don’t hesitate to reach out to your agent to review your plan and determine where to make adjustments that will always offer you optimized protection.

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What Should You Do the Day After a Car Accident?

Thu, 17 Sep 2020 14:45:00 GMT

It can take a while to recover from a car accident, even a mild one. Car accidents are scary in the moment and often involve the stress of other passengers and drivers, as well as injuries. There are certain steps you need to take after an accident, such as calling 911 immediately and seeking medical attention.

What most people don’t consider, however, is what to do the following day after a car accident. It’s just as important to be proactive after an accident occurs.

Keep Up with Medical Needs

Some injuries don’t arise immediately after an accident. Neck and back pain is common after an accident due to the impact, so be sure to monitor any pain you are in and rest as necessary. If you received medical attention right after the accident, be sure to take important medications you were prescribed and complete other recommended practices, such as stretching and applying heat or cold in sensitive areas.

Check on Others Involved

If you had passengers in your vehicle at the time of the accident, be sure to check up with them to guarantee they are safe, healthy and doing the same medical precautions as listed above. If anyone is in pain or has a new pain start, be sure they seek medical attention immediately. It could be a sign of internal damage.

There may also be emotional injuries from the impact. Car wrecks are scary, so check in with your passengers. Generally, it’s not recommended that you contact the other party involved in the accident until everything (such as compensation for the damages and any legal processes that may be open) is solved.

Have Your Vehicle’s Damage Appraised

Before looking for a new car or filing a car insurance claim, have the damage to your vehicle appraised by an expert. They will be able to tell you whether your vehicle is totaled or not and how much it will cost for repairs. If the cost of repairs is less than the expense of your insurance deductible, you may not be able to file a claim—not would you. You want the cheapest option after an accident, so be sure to get a quote from a trusted source.

Call Your Insurance Company

Whether you plan on filing a claim or not, it’s important to let your insurance agent know about a wreck. This way, they can help you file a claim if needed or provide assistance in other areas.

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How to Save Money On Your Commercial Auto Insurance

Thu, 27 Aug 2020 23:16:00 GMT

Most businesses that own or operate vehicles will need to maintain commercial auto insurance . It will therefore become an overhead expense for which business owners must budget. If you must factor these costs into your budget, then you will likely want to keep it affordable. There are many ways that you might be able to save on a given commercial auto policy.

Understanding Commercial Auto Insurance Savings

Commercial auto insurance covers vehicles owned or used by businesses. Policyholders must buy any required coverage set by state and federal law. However, they can also increase their coverage to offer more protection. Still, you can often save on your premiums regardless of what level of coverage you buy. To keep coverage affordable, you might be able to:

Bundle Your Coverage

If you buy commercial auto insurance from the same insurance carrier that provides your other business insurance, then you might qualify for a bundling discount.

Determine Which Coverage You Need

If you buy the wrong types and amounts of commercial auto insurance, then you might wind up paying more than necessary. When getting your policy, work with your agent to determine the most essential coverage to include on the policy. Only buy extra perks after considering how those enhancements will provide long-term benefits.

Increase Your Deductible

A deductible is the cost the insured business agrees to pay for a commercial auto insurance claim. The deductible therefore takes some of the cost risk away from the insurer. The lower the cost risk, the less they might have to charge the policyholder. So, by increasing your deductible, you shift even more risk away from the insurer. This might result in a lower premium.

Compare Your Payment Options

Depending on how you choose to pay for your commercial auto policy, you might qualify for savings. Some policies will discount your premium if you pay the full cost at the start of the policy term. Others will offer discounts for those who pay through automatic payment channels.

Keep Tabs on Drivers

If you hire drivers, you should only employ those who pose the least safety risk to your business. Some companies even install GPS trackers and driver monitoring systems on vehicles. These items can restrict how drivers can behave behind the wheel. This might prevent accidents and even lead to savings over time.

One of the best ways to save on your rates is to try to avoid making claims on the policy. In fact, if you have no claims on your coverage, then you might be able to maintain a discount. Of course, you cannot avoid every type of claim. However, you can take steps to keep your company vehicle as safe as you can. Parking in a garage, locking the doors, arming your security system and not keeping valuables on display in the vehicle can all help prevent claims.

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Does Flood Insurance Cover Burst Pipes?

Wed, 15 Jul 2020 16:00:00 GMT

Flooding is a danger that is often excluded from property insurance policies, such as home insurance and renters insurance .

Thankfully, you can often purchase an additional flood insurance policy to cover water damage to your home and personal belongings. Unfortunately, even flood insurance can't cover everything.

What Is Covered Under Flood Insurance?

Flood insurance covers loss of or damage to your home or belongings due to a sudden and unexpected excess of water. This can be due to severe thunderstorms, natural flooding or broken pipes. Water damage within the home, however, has certain limitations and rules of its own.

There are two types of flood insurance policies: actual cash value policies and replacement cost value policies. Actual cash value provides compensation for losses while accounting for depreciation. This means that as the value of your insured belongings goes down, so does the amount of compensation you can receive.

Replacement cost value policies provide compensation without accounting for depreciation, so that you can replace your belongings with items of equal or similar value.

Equipment and fixtures normally covered under flood insurance include:

Electrical systems
Plumbing systems
Water heaters
Furnaces
Refrigerators and stoves
Permanent carpeting, cabinets and paneling
Foundation walls

Limitations Under Flood Insurance

There are certain exceptions when it comes to the coverage afforded under flood insurance. Some items may be excluded or have limited coverage, such as jewelry, art and furs.

Some circumstances also are not covered. Any accidents that could be determined as the homeowner's fault will not be covered. When you file a flood insurance claim, an underwriter from the insurance agency will investigate the claim. If they discover that a burst pipe was caused by negligence, such as normal wear and tear that was not taken care of, your claim is likely to be denied.

Filing a claim for burst pipes, then, is tricky - and these claims are often denied. Burst pipes can occur for a number of reasons, such as buildup, natural floods and a lack of maintenance. Normal sewer backup is not covered under flood insurance. If the backup is caused by other flooding, however, then you will likely be covered for the resulting damages. To cover sewage issues, you will need sewage backup coverage.

If there is a leak that leads to burst pipes, you likely won't be covered. Be sure to keep up maintenance on your home to avoid accidents that may not be covered under insurance.

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What Does Condo Insurance Cover?

Mon, 15 Jun 2020 16:00:00 GMT

If you are living in a condo, your insurance will be slightly different than if you lived in a home. It is more closely related to renters insurance , as condo insurance only covers the interior of the condo and your personal belongings.

Coverage Under Condo Insurance

Condo insurance covers three main areas:

Personal Belongings coverage provides compensation for personal items that are lost or damaged due to fire, lightning, smoke, wind, hail, theft or vandalism.
Liability insurance covers bodily injury and property damage someone else may suffer while visiting your home. This coverage can help with their medical expenses and protect you in case of a lawsuit.
Additional Living Expenses cover the costs related to temporarily moving while the condo is being repaired or rebuilt after a disaster.

Unlike a home insurance policy, condo insurance does not cover the outside of the condo or its property. Instead, the owner of the condo should provide coverage for damages to the physical building itself.

The condo association should have a master condo insurance policy. This policy covers damages to the building in either an all-in or walls-in policy. An all-in policy covers items inside a building, such as fixtures, flooring and appliances. A walls-in policy does not cover these inside fixtures.

This doesn't mean the condo owner can't seek compensation, however. For example, say you accidentally start a fire and damage several cabinets in your condo's kitchen. This should be covered under your landlord's insurance, but they may still seek compensation from you for the price of their deductible and having to file a claim.

What Does Condo Insurance Not Cover?

As with other policies, condo renters insurance doesn't cover everything. Flood damage and earthquakes are often excluded from these policies. There is also limited coverage for expensive items such as electronics, jewelry, art and furs. You can purchase additional policy floaters to cover these items, however.

How Much Is Renters Insurance For A Condo?

In general, renters insurance is around $15 a month. This varies depending on your location, your claims history, your credit score and other factors. Be sure to check with your condominium association to determine what type of policy they have and what is covered under their policy. While condo insurance isn’t required legally, many landlords and associations will require tenants to carry their own personal condo insurance policy to protect their belongings and others.

Who Should Be On Your Home Insurance Policy?

Fri, 15 May 2020 16:00:00 GMT

When you buy  home insurance , you want to make sure you're covered. Just like adding drivers to a car insurance policy, you want to make sure you have the right people on your home insurance policy or that they have their own coverage. Each home insurance policy will vary on what you need to do. But here are some things to check.

Tenants

If you decide to rent your entire home to a tenant, you generally should not add them to your home insurance policy. You should require them to carry their own renters insurance with coverage for liability and accidental damage to your property. You also need to check whether your home insurance policy covers disaster damage while renting out your home. Short-term rentals might be allowed, but long-term rentals usually mean you'll need to purchase landlord insurance.

Roommates

If you have a roommate, you need to read your policy carefully or talk to your St. Andrews Insurance agent . Keep in mind that the answer of who is covered may be different based on the specific coverage. For example, you might be covered if your roommate accidentally burns down your home while cooking. But your liability protection might not extend to what an unrelated roommate does. If your roommate isn't covered, the answer is having them buy their own renters insurance. This is better than adding them to your home insurance policy, since they don't own a share in the home.

Family Members

Family members who make your home their residence are typically automatically covered, while guests would need to be covered under their own insurance policies. You do not need to name them in your policy, and the policy should be in the name of the homeowners.

The above rule generally applies so long as you're living in your home. If you move out and rent your home out — or let a family member move in for free — you should treat the new occupant like a tenant. Have them buy renter's insurance and see if you need landlord insurance.

Kids In College

When your kids go to college, they may still be covered by your home insurance policy without you needing to take action. This could be for both liability and for any property coverage you have while away from home. As a general rule, they're covered by your policy while in temporary housing, such as dorms, but not once they get their own apartment or house.

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