Why Additional Living Expenses on Homeowners Insurance Coverage is so Important

Should you be faced with a fire, or a devastating storm that destroys your home, you will not be enjoying the comforts of your home and you need to be prepared.

In your homeowners coverage you should not only be protected for your personal belongings but compensated for additional living expenses. While your house is being accessed, you may be in a hotel for a few days, need money for restaurants, clothing and other expenses that may occur.

You do not want to find out after the tragedy of damage or losing your home, that you are lacking coverage. You need to know what your limits or exclusions are ahead of time.

This is where your compensation for additional living expenses comes in. Some insurance companies may give you unlimited help with your expenses and others a percentage of your total homeowners coverage.

Not sure what exactly your coverage is? Call us today to get your questions answered. 863-453-3903 or visit our website budgetbirite.com fill out the form and we will have an agent contact you within 24 hours.

We offer home insurance to the following states – Florida, Minnesota, Georgia, Texas, Maryland, South Carolina, North Carolina, Indiana and Pennsylvania.

 

 

 

 

 

 

 

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How To Keep Your Homeowners Insurance Policy Up To Date To Save Money

housewithfenceResidential coverage protects against damage to or destruction of your residential structure. If your home is destroyed by a tornado, fire, or what disasters your policy covers, the insurance company can completely replace or cover the repairs to your home.

In this section of coverage, the most important reason to keep your homeowner’s insurance policy updated is because, in the event of disaster, the insurance company will only reimburse you for what your home is insured for, what you have on the policy.

For example, you purchased your home and homeowner’s insurance say five years ago. It is very likely the value of your home has increased since the purchase date. If you purchased the home insurance policy five years ago and have not updated the policy to the home’s current cost to rebuild, the insurance company will only reimburse you for the price you paid five years ago. So, if you purchased the home for $300,000 and the value has increased to $400,000, you’re losing $100,000 – quite a large sum.

In the end, it is essential to keep your homeowner’s insurance policy updated because you want to be sure your home is insured for 100 percent of the replacement cost. (Some policies automatically update to your home’s current value. Does yours?) While it is easy to let that dust settle over your policy from year to year, keep in mind that putting it aside could cost you much more in the end. Your homeowner’s insurance policy may make heavy reading, but it will be even more burdensome should it be out-of-date.

Call us today to get your questions answered.

863-453-3903 or visit our website budgetbirite.com fill out the form and we will have an agent contact you within 24 hours.


What Does Your Homeowners Insurance Cover For Pets

chihuahuaYour cute little puppy is a great addition to the family. Your new bouncing bundle of joy puts a smile on your face until you find him happily chewing on your shoe, or the leg of your chair. This you can control, but what about when your puppy gets bigger and decides to tear up your neighbors flower bed or possibly bites someone?

As much as we train and love our pets, we do have to have protection for the the not so proud moments that can happen. It is a good idea to be vigilant about your dog’s interactions with visitors to your home. Typically, the liability portion of your home insurance coverage should cover the actions of your pets if they damage items that you don’t own or if they injure people who do not live in your house.

Be aware that there are certain types of pets that can make it difficult to obtain home, renters or condo insurance. Dog bites make up one-third of all homeowner insurance liability claims, according to the Insurance Information Institute. According to the Centers for Disease Control and Prevention, “about 4.5 million people are bitten by dogs each year and about 885,000 require medical attention for these injuries; about half of these are children.”

In general you can purchase home insurance protection for your pets indiscretions for most types of domestic pets. Some insurance companies will provide you a list of certain types of dogs that they may consider not insurable. What they are basing their information on is the breeding history, temperaments and the risk factors. So, if a particular dog breed has a documented history of attacks or bites, some insurance companies may consider this risk to be too high, thus causing the company to deem the breed UN-insurable.

Common dog breeds that are often not considered insurable include:

* Akita
* Alaskan Malamute
* Chow Chow
* Doberman Pinscher
* German Shepherd
* Pit Bull
* Presa Canario
* Rottweiler
* Siberian Husky
* Staffordshire Bull Terrier
* Wolf hybrids

Exotic animals, such as snakes, tigers, etc., also may fall in the not-insurable category. Check with us today to see if owning any of the pets above has limitations. When you apply for home insurance, disclose information about any pets you have to ensure your policy will properly cover you involving your pet.


Tips for Buying A New Home and Homeowners Insurance Coverage

ID-100249012If you are looking to move into a new home, check out these tips first and about Homeowners insurance coverage.

Be realistic about how much you can spend.

Save yourself a lot of time by planning out a budget first. The first thing you need to consider is how much can you afford to spend each month on mortgage, taxes and insurance on your new home. Talk to your bank about a pre approval letter for new home loan so you know exactly what you can spend. Look at the homes in the range you can afford and maybe less. Doing the research yourself will make you more knowledgeable about the market, which is key to making a good purchase.

Online resources and Realtors

Before you get your heart set on a home, call the Realtor on that listing and make sure the information is good. Ask about the roof,  mold, or any other problems that could be there. A Realtor is a great asset to have when searching for a home and as a buyer you do not pay a commission fee. Also check your counties appraisal website and put in the address. It will give you the taxes that were owed the year before and may offer some updates for the current year.

What is the neighborhood like?

If you have had problems with neighbors while renting, that option is you can make a complaint to a landlord, or negotiate your contract and move. Do your homework ahead of time about the location of your new home. It may be beautiful, have the pool you want, and a dream size backyard, but what is the good of that if your up until 3 am because of noisy neighbors. Take a drive out around dinner hour and again maybe later in the evening. Ask others if they know about the neighborhood, break-ins, noise, family oriented, etc.

The Mortgage Company

People tend to go with large, well-known mortgage companies, and that’s fine. Check out the smaller, regional companies as well and see if they can offer you better rates than the big companies.

Always, Always have a home inspection

This is not the same as an appraisal of your home. The appraisal is the value of the home. The home inspection makes sure your home is safe and basically if there are repairs needed.  Your basic Home Owners Policy may cover the dwelling, personal property, liability in case someone gets injured, and storm damage. It will not cover a pre-existing condition such as mold. Make sure you walk through the home with the home inspector and do your homework for what to look out for.

If the home has termites, you will have to consider the amount of money it will take to get the home tented. If the plumbing has to be replaced, a new air conditioner, etc, it will be your responsibility to fix or replace things once the home is purchased. Your home inspector is there to be sure the home is up to your counties code system, so be sure to find out what the county code for homes are in your area.

 

Photo Courtesy of  phasinphoto  at FreeDigitalPhotos.net


When Your Clothes Dryer Becomes a Fire Hazard

ID-10045474Have you noticed a difference in the performance in your dryer? Are your clothes taking longer to dry or come out hot but still damp when the timer goes off that they are done? You may have a clogged dryer vent and that can lead to shutting down your dryer, or worse a fire..

A friend of mine noticed that her clothes were taking longer to dry over the past month and when doing laundry the other day, the dryer just shut down. The dryer is only 2 years old and this could have been prevented. She contacted an appliance repair company who came out and told her the motor had burned up. The cause, blocked dryer vent that goes up through the attic to the outside the top of the roof.

This happened because when lint builds up in the dryer or in the exhaust duct, it causes excessive heat to build up and in this instance the dryer motor shut down. What could have been worse, if the motor had not shut down it could have resulted in a fire that could get out of control very quickly.

Instead of replacing the dryer, and having the motor replaced, the cost of repair still exceeded the price of having a dryer vent maintenance check. Having this done at least once a year will give you peace of mind for the safety of your home and family, maintaining the care of your dryer and less out of pocket expense.

If you have a laundry room that has the dryer vent go up through the attic and out through the roof,  or you notice the same problems as the warning signs below check your dryer vent and consider a maintenance check on that vent. The repair comapany informed her to  have it cleaned out every six months (depending on how often you use your dryer), to at least once a year.

Here are some warning signs you should look out for.

Clothes taking longer to dry

Dryer is very hot on top

Very little or no lint in the lint trap

Dryer stopping anytime during a drying cycle

Lint left on clothing

Moldy odor from clothes

Higher Light Bill from running the dryer more

Here is a list of things you can do to help cut down on the lint build up.
(This does not assure build up will not occur and a 6 Months to a Yearly maintenance check is still advisable).

Check your lint screen before and after each load of clothes to dry and clean thoroughly

Keep dryer area free of clutter and piles of clothes on top of dryer

Clean behind and underneath the dryer for lint build up

Replace flexible tubes with ridged metal ducts to get less build up, clean up easier and will stand up to a lint fire much better

Wash clothes that have been soiled with gasoline, cooking oil or other flammable liquid at least 2 times. Hang dry. Your dryer could start and auto ignition reaction that could cause a fire.

Photo Courtesy of  digitalart at FreeDigitalPhotos.net