Financial-3

Video

Insurance Policy Limits

People who have recently received a homeowner’s insurance settlement often ask why the amount was lower than they expected. What most don’t realize is that their policy had coverage limits for some of the items lost. For example, a $1000 limit for combined losses of jewelry, furs or related items is not uncommon. Cash, securities, boats, trailers, silverware and firearms may also subject to policy coverage limits. Check this out to learn more.

Documenting Your Valuables

Most people know they should document their home’s contents for insurance reasons but they often ask why or how to do it the right way. If you have a loss due to fire, theft or natural disaster your insurance company will need certain details to complete the claims process. Learn more when you give this clip a browse.

Renter’s Insurance 101

People who rent their homes often ask whether they need insurance or they simply assume that their landlord’s insurance policy will cover them. If you rent, the fact is that your landlord’s insurance usually only covers the building where you live, but not your personal belongings, so renter’s insurance may be a good idea for you.

Understanding the Declaration Page on Your Homeowners Insurance Policy

Lots of homeowners have questions about what their insurance actually covers but unfortunately many don’t find the answers until they have damage from a fire or natural disaster. One of the easiest ways to determine what is and isn’t covered is to look at the Declaration Page of your policy, which is basically a miniature summary of your coverage.

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