At Kingdom Tree Insurance Group, serving the greater Tallahassee, FL area, we see people who have failed to look at their home insurance policy in years or even decades. There are many important reasons to take a look at your policy routinely. You want to ensure your coverage level is still adequate, to ensure you have enough coverage in the event the unexpected happens. Here are a few reasons why you should take a fresh look at your home insurance policy.
Every Two to Three Years
It is recommended that you take a look at your policy every few years. Your policy should take into account how much it would cost to replace your home and the items stored inside in a catastrophic event. Values are constantly changing, which is why it is so important you look over your policy routinely.
When You Complete Home Renovations
Another time you should take a fresh look at your home insurance policy is after completing home renovations. Home insurance will pay for repairs needed to your home after a fire, certain types of floods or other damages. After renovating, it may cost more to make repairs to your home, so you want to ensure you have the right coverage levels in place.
After Making Expensive Home Purchases
Finally, be sure to take a fresh look at your home insurance policy after making expensive home purchases, such as new furniture, artwork or new electronics. You want to make sure you have enough coverage to cover these newer, more costly items.
Is your home insurance policy no longer providing you with the coverage you need? Here at Kingdom Tree Insurance Group, serving the greater Tallahassee, FL area, we can help you find the right policy with the correct coverage levels for you. Call us now to get started.
Thanks to technology, more people than ever are working out of their homes. Here at Kingdom Tree Insurance Group, providing insurance services in the greater Tallahassee, FL area, we are often asked what impact this has on homeowner’s insurance. If you have a home business, here is what you need to know about how the business can affect your homeowner’s insurance.
Does a Home Business Affect Your Homeowner’s Insurance?
A home business can affect your homeowner’s insurance policy. Some policies will ask you if you have a home business. If you do, and you check yes, the policy may cover your home business items, including your computer equipment, home office, and any products that you store in your home. Other policies will specifically exclude anything to do with a home business from being covered. You have to carefully read through the policy and the exclusions to learn whether your coverage excludes home business coverage.
If your home business is covered under your homeowner’s insurance, the next thing you will want to do is ensure you have the correct coverage level. You need to ensure that your coverage level is high enough to cover any items that may be damaged or stolen. Many people often fail to increase their home insurance coverage level when they decide to run a business from their home. This can financially harm you if your policy level is not high enough to cover everything.
If you have a home business, it is crucial that you ensure that your homeowner’s insurance covers the business and provides the level of coverage to adequately protect any items you may have stored inside of the home. If you are in the market for a new homeowner’s insurance policy in the greater Tallahassee, FL area, let us at Kingdom Tree Insurance Group help you. Contact us today to get started.
We’re always excited to see new homeowners from the gorgeous capital city of Tallahassee, FL! Since we began serving this area, Kingdom Tree Insurance Group often receives questions about basic home insurance coverage. We hope that this small guide will help all homeowners, new and old, understand what home insurance does and why it’s so important!
What is basic home insurance?
Basic home insurance gets its name from the "perils" typically listed as the most common threats to your home. These common or "basic" hazards are naturally the ones you would want to be insured against! That’s why a basic home insurance policy typically covers a wide range of events. There are three types of basic insurance called HO-1, HO-2, and HO-3. Most homeowners have an HO-3 type of policy, which offers the broadest range of basic perils to be insured against.
What does a basic home insurance policy cover?
When you purchase an HO-3 form policy, you will typically be insured for 16 types of threats against your home and property. Some examples of these "named perils" include:
- Fire, lightning, smoke, wind, and hail damage
- Vandalism, theft, civil commotion or rioting damage
- Vehicular or aircraft damage
- Falling objects
- Electrical current damages in appliances or household wiring
Many other perils may not be specifically listed on your policy that you will be covered for too! Most common hazards, unless specifically excluded by your homeowner’s policy, are usually covered. (This includes events such as volcano eruptions, something our friends in Tallahassee, FL thankfully don’t have to worry about much!)
Kingdom Tree Insurance Group understands that selecting home insurance can sometimes be confusing and stressful. That’s why we encourage you to bring us all of your insurance questions, big and small. Let’s work together to find the best policy to protect you and your home!
Homeowners in the state of Florida are not required by law to have homeowners insurance, but a mortgage lender will usually compel a homeowner to do so. Florida law does, however, require that insurance providers include a provision that covers wind damage caused by storms classified as hurricanes by the National Hurricane Center.
It is standard that a customer will have two deductibles, one for claims related to windstorm devastation and one for everything else. A client’s insurance claim can cover losses incurred within 72 hours after a declared hurricane’s status has been terminated, and a homeowner will not be compelled to pay more than one deductible per storm season.
The state of Florida affords insurance companies the use of reassurance programs to reimburse them for a portion of their losses during widespread disasters, and homeowners can avail themselves of free home inspections to determine their dwelling’s ability to withstand inclement weather. Inhabitants of Tallahassee FL can be eligible for discounts when they update their home with certain features designed to minimize the effects of high winds. These can include sealing the roof to add extra insulation, prevent leaks, to keep roof shingles from blowing away, and reinforcing load bearing walls to the roof to enhance the overall strength of the structure. Homeowners can also install hurricane-rated doors for their home and garage, and they can install storm shutters and shatter-proof windows.
Contact Kingdom Tree Insurance Agency
Kingdom Tree Insurance Agency in Tallahassee, FL has experience serving the residents in and around Florida, Alabama, and Georgia, and we provide a variety of insurance options suited to meet your needs. We invite you to stop by our office to discuss all your insurance requirements with our friendly agents. We look forward to hearing from you.