River Valley Insurance Agency Inc Blog
Some homeowners have the misconception that once you purchase an insurance policy, you’ll be spared from all the expenses you need to have your house fixed. Make sure to scan through your policy to know what’s covered, so you can avoid being unprepared when something outside the policy occurs. Here are some of the things homeowners would still need to cover despite having a policy.
Water is a necessity and people use it daily to do a lot of things. You start the day with using water when you take a bath and brush your teeth. Throughout the day, you need water to all sorts of things. But, many people do not think of conserving water throughout their day to day lives but there are many easy things we can do to limit our use of such a valuable resource.
Taking care of your children may seem like a simple task until you actually try to do it. Today, there are many instances of children sent to emergency rooms for being involved in all kinds of accidents inside their homes. No matter how much you perform “child-proofing” in the home, accidents can happen and your child’s curiosity doesn’t really help much.
Most fathers find themselves in a situation where they need to warn their kids not to do something only to find their advice came a little too late. You probably don’t always think about it, but ensuring your child’s safety goes hand in hand with being a dad. Here are some of the tips that helped young fathers transition from being a bachelor to being a dad.
I've been thinking about the truth lately. For some reason people lie to me a lot. They may not do so intentially or becuase they dont like me....I am an insurance agent.
"I don't need to tell my agent that I have a 16 year old driver, my rates will go up" This is probably the most common lie, or ommission, that I encounter. Yes, your rates will go up but let me tell you why you must disclosure this driver (or any driver of your auto). Our auto product is the state of Michigan is based on a multitude of factors. The most basic being the type of car you drive, your age and your driving record. Each of these factors are plugged into a formula to give you a rate. But when those factors are missing, that rate is not accurate. That rate cannot support the claims we encounter. That rate is just numbers. So what happens with a claim? If that driver is not disclosed your claim can be denied. No, this isn't a scare tactic, I've seen it happen. Claims are denied for "ommissions" every day. Do you want to pay that rate to NOT get coverage?
What about on your home? The same ommissions can happen here too. The most common I see is that the home is not insured for the actual use. In other words; you have a homeowners policy when in actuallity you rent it out. That needs to have a different policy. You are literally throwing your money away.
So I urge you; talk to a professional about your exposures. Even if that may cost you more money. We pay for insurance to have coverage, right? So why jeopardize that with an "ommission".