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Thursday, May 26, 2011
Homeowners insurance inventory - there's an app for that!
Our last post dealt with various tools and technologies for keeping home inventories, and we just learned about a free new app for iPhones. The National Association of Insurance Commissioners (NAIC) have introduced myHOME Scr.APP.book, a tool that lets you capture images, descriptions, bar codes and serial numbers. It looks great. You can see a brief 2 minute video demo below and you can get tips from NAIC's InsureU on how to create a home inventory. And if you don't have an iPhone, there's always the low-tech method, which works too. NAIC offers a Home inventory checklist.
Wednesday, May 25, 2011
Homeowners Coverage D- Additional Living Expense / loss of use coverage
Home is a very important asset we possess. It is not only an indicator of our social status, but most importantly, it is the place where we spend the best part of our life, the place that gives us comfort, the place we rush to after a business trip or a vacation. Even if we are not keen on or directly involved in nest building, we still aspire to preserve our home as a place for privacy, for mental and physical relaxation. In our attempt to secure the feeling of home we commonly think that having obtained a Homeowners Insurance we can be sure we will get financial assistance in repairing or rebuilding our home and restoring the homely atmosphere we are used to. But we often neglect the possible adverse effect of a loss inflicted to our home - a financial burden we have to incur to find and rent a place of living while our home is being restored or rebuilt. This is when Loss of Use Coverage can help solve your problems taking off at least part of the financial burden you have to shoulder should something happen to your home.
The remarkable feature of Loss of Use Coverage is that it reimburses you for additional living expenses while you are living away from your home because your home is unfit for living due to a covered reason of loss. It is of prime importance that this type of coverage applies only when your home is uninhabitable. If the condition of your home is questionable and allows objections as to its being unfit for living, it can trigger reluctance to reimburse you for your living expenses on the part of the insurer. In such cases you may be required to present a prohibition to live in the dwelling issued by legal authorities in your area.
"Additional living expenses" are defined as any necessary expenses you incur due to a covered loss so that your household can maintain the habitual standard of living. Additional living expenses usually include hotel and restaurant bills. Transportation expenses can also be included in the scope of Loss of Use Coverage. Besides, Loss of Use Coverage comes into effect if you are forced to leave your home due to the fire threat or any other threat coming from an adjoining dwelling. But in this case local authorities must give evidence of the imminent danger. Another important provision stipulated in Coverage D ensures that if the dwelling is subject to a covered loss when you are still paying a mortgage for it, Loss of Use Coverage will help you to keep up with your mortgage payments.
Basically, Loss of Use Coverage has two options you can choose from. The first option, described above, reimburses you for the expenses associated with renting a temporary residence while your home is being rebuilt or repaired. The second option is known as Fair Rental Value. It is effective when part of the covered dwelling, damaged or destroyed due to a covered loss, was rented out. In case of a covered loss, Fair Rental Value will reimburse the owner a dollar amount equal to what the owner could have received as a rent payment for the damaged part of the house.
One more important detail that needs shedding light on concerns one's eligibility for Loss of Use Coverage. Who is protected under Loss of Use Coverage in a Homeowners policy? On average, this coverage is available to the same people who are eligible for other types of coverage under a Homeowners Insurance contract (for example, dwelling, property and liability protection). This type of coverage usually requires a separate premium, unless it is added to your policy by endorsement with its own conditions of payment.
Loss of Use Coverage can be offered in combination with additional coverage of different types. Additional coverage usually includes such occurrences as property collapse, reasonable repairs, debris removal and some others. All additional endorsements added to your policy affect the premium cost. You should know that a greater scope of insurance coverage results in a higher premium.
Attractive as it looks; Loss of Use Coverage has its limitations. Thus, Loss of Use Coverage is usually restricted to 20% of your Dwelling Coverage. Besides, some policies provide Loss of Use Coverage only over a given period of time. It usually happens when in some areas where the risk of a covered peril is high; the number of claims from people displaced from their homes is so great that the insurance companies have to limit the length of time during which they will reimburse the expenses for temporary shelter.
Some insurance companies establish additional conditions for people who want to secure their home against any situation when it may become uninhabitable. The requirements typically include cutting down big trees growing not far from the house, improved roofing, precautions against windstorm or a fire. Such conditions are introduced to minimize the risks of losing your property.
These are the major guidelines on how the Section D of your Homeowners policy works. To have a clear picture of Loss of Use Coverage, read the provisions of your policy carefully. The coverage particulars will also help you to determine cost-efficiency of this type of coverage. You will find either the dollar amount or the percentage of coverage indicated on the Declaration Page of your Homeowners policy.
You know that even with a pragmatic approach to problem-solving we are usually not prone to concentrate on possible negative consequences of a potential peril. That is why we often overlook Loss of Use Coverage and do not attach great importance to it when choosing a suitable type of coverage or a combination of them. But practice shows that this type of coverage can be really cost-effective, to say nothing about the convenience it offers. If you are still doubtful whether this type of coverage is for you, you should know that Coverage D, in this case usually referred to not as "Loss of Use Coverage" but as "Additional Living Expenses Coverage", can be found as a special provision in other Homeowners policies. If you really want to secure your home, do not turn down this coverage right away. It can spare you a lot of problems.
The remarkable feature of Loss of Use Coverage is that it reimburses you for additional living expenses while you are living away from your home because your home is unfit for living due to a covered reason of loss. It is of prime importance that this type of coverage applies only when your home is uninhabitable. If the condition of your home is questionable and allows objections as to its being unfit for living, it can trigger reluctance to reimburse you for your living expenses on the part of the insurer. In such cases you may be required to present a prohibition to live in the dwelling issued by legal authorities in your area.
"Additional living expenses" are defined as any necessary expenses you incur due to a covered loss so that your household can maintain the habitual standard of living. Additional living expenses usually include hotel and restaurant bills. Transportation expenses can also be included in the scope of Loss of Use Coverage. Besides, Loss of Use Coverage comes into effect if you are forced to leave your home due to the fire threat or any other threat coming from an adjoining dwelling. But in this case local authorities must give evidence of the imminent danger. Another important provision stipulated in Coverage D ensures that if the dwelling is subject to a covered loss when you are still paying a mortgage for it, Loss of Use Coverage will help you to keep up with your mortgage payments.
Basically, Loss of Use Coverage has two options you can choose from. The first option, described above, reimburses you for the expenses associated with renting a temporary residence while your home is being rebuilt or repaired. The second option is known as Fair Rental Value. It is effective when part of the covered dwelling, damaged or destroyed due to a covered loss, was rented out. In case of a covered loss, Fair Rental Value will reimburse the owner a dollar amount equal to what the owner could have received as a rent payment for the damaged part of the house.
One more important detail that needs shedding light on concerns one's eligibility for Loss of Use Coverage. Who is protected under Loss of Use Coverage in a Homeowners policy? On average, this coverage is available to the same people who are eligible for other types of coverage under a Homeowners Insurance contract (for example, dwelling, property and liability protection). This type of coverage usually requires a separate premium, unless it is added to your policy by endorsement with its own conditions of payment.
Loss of Use Coverage can be offered in combination with additional coverage of different types. Additional coverage usually includes such occurrences as property collapse, reasonable repairs, debris removal and some others. All additional endorsements added to your policy affect the premium cost. You should know that a greater scope of insurance coverage results in a higher premium.
Attractive as it looks; Loss of Use Coverage has its limitations. Thus, Loss of Use Coverage is usually restricted to 20% of your Dwelling Coverage. Besides, some policies provide Loss of Use Coverage only over a given period of time. It usually happens when in some areas where the risk of a covered peril is high; the number of claims from people displaced from their homes is so great that the insurance companies have to limit the length of time during which they will reimburse the expenses for temporary shelter.
Some insurance companies establish additional conditions for people who want to secure their home against any situation when it may become uninhabitable. The requirements typically include cutting down big trees growing not far from the house, improved roofing, precautions against windstorm or a fire. Such conditions are introduced to minimize the risks of losing your property.
These are the major guidelines on how the Section D of your Homeowners policy works. To have a clear picture of Loss of Use Coverage, read the provisions of your policy carefully. The coverage particulars will also help you to determine cost-efficiency of this type of coverage. You will find either the dollar amount or the percentage of coverage indicated on the Declaration Page of your Homeowners policy.
You know that even with a pragmatic approach to problem-solving we are usually not prone to concentrate on possible negative consequences of a potential peril. That is why we often overlook Loss of Use Coverage and do not attach great importance to it when choosing a suitable type of coverage or a combination of them. But practice shows that this type of coverage can be really cost-effective, to say nothing about the convenience it offers. If you are still doubtful whether this type of coverage is for you, you should know that Coverage D, in this case usually referred to not as "Loss of Use Coverage" but as "Additional Living Expenses Coverage", can be found as a special provision in other Homeowners policies. If you really want to secure your home, do not turn down this coverage right away. It can spare you a lot of problems.
How important is renters insurance
Every single one of us at some point or another has rented an apartment, and chances are, that at some time you were a renter without renter’s insurance. Renter’s insurance is a concept that many people don’t even think about. But, in spite of this, renter’s insurance is exceptionally important and can be a huge factor in saving yourself huge amounts of money. There are a number of different types of renter’s insurance as well as a number of companies that offer renter’s insurance.
Read on to discover why renter’s insurance is so important, what a typical renter’s insurance policy looks like, and how you can get renter’s insurance today.
What Is Renter’s Insurance?
Usually the first time people consider getting themselves some time of insurance other than health insurance is when they are looking into buying a car or a home. While these types of insurance are pretty much necessary, renter’s insurance is equally as important. Renter’s insurance is an insurance policy you basically are taking out on your personal possessions when you are renting a residence.
Renter’s insurance will not only protect your personal items, but can also help in providing temporary housing for you in the interim period after your residence has been damaged. Additionally, renters insurance will also cover liability or any damage you cause to other people or their property. Overall, renter’s insurance is a great way to protect yourself and your belongings before you actually own a home.
Read on to discover why renter’s insurance is so important, what a typical renter’s insurance policy looks like, and how you can get renter’s insurance today.
What Is Renter’s Insurance?
Usually the first time people consider getting themselves some time of insurance other than health insurance is when they are looking into buying a car or a home. While these types of insurance are pretty much necessary, renter’s insurance is equally as important. Renter’s insurance is an insurance policy you basically are taking out on your personal possessions when you are renting a residence.
Renter’s insurance will not only protect your personal items, but can also help in providing temporary housing for you in the interim period after your residence has been damaged. Additionally, renters insurance will also cover liability or any damage you cause to other people or their property. Overall, renter’s insurance is a great way to protect yourself and your belongings before you actually own a home.
Sunday, May 15, 2011
save money with progressive snapshot
With Snapshot, Progressive’s usage-based insurance program, you could turn your good driving into huge savings—of up to 30 percent—on your car insurance.
Here’s how our usage-based insurance program works*:
Enroll online.
Sign up for Snapshot when you quote and buy your Progressive car insurance policy.
Plug the device into your car.
We’ll mail your Snapshot device to you, along with details on where to plug it into your car.
Drive as you normally do.
For the next 30 days, you’ll keep track of your good driving habits with the Snapshot device. You can log in to your Progressive policy anytime to see your projected Snapshot DiscountSM.
Enjoying your savings
On day 31, your initial Snapshot savings—which can be anywhere from 0 to 30 percent— kicks in. After six months, you’ll send back the device, we’ll finalize your driving snapshot, and you can keep saving for as long as you’re insured by Progressive.
You can only save money with Snapshot—your rate won’t go up—but if at any point, you decide the program isn’t right for you, just call us and then send back your device.
Quote and enroll in Snapshot to try usage-based insurance today!
Here’s how our usage-based insurance program works*:
Enroll online.
Sign up for Snapshot when you quote and buy your Progressive car insurance policy.
Plug the device into your car.
We’ll mail your Snapshot device to you, along with details on where to plug it into your car.
Drive as you normally do.
For the next 30 days, you’ll keep track of your good driving habits with the Snapshot device. You can log in to your Progressive policy anytime to see your projected Snapshot DiscountSM.
Enjoying your savings
On day 31, your initial Snapshot savings—which can be anywhere from 0 to 30 percent— kicks in. After six months, you’ll send back the device, we’ll finalize your driving snapshot, and you can keep saving for as long as you’re insured by Progressive.
You can only save money with Snapshot—your rate won’t go up—but if at any point, you decide the program isn’t right for you, just call us and then send back your device.
Quote and enroll in Snapshot to try usage-based insurance today!
What Happens If You Get Caught Driving Without Auto Insurance?
It doesn't matter where you live, chances are you're going to be required to carry some form of auto insurance policy on your vehicle before the DMV will issue you title and tags-and a judge will let you stay out on the highways, of course! Maintaining your auto insurance coverage is a huge part of being a responsible driver. The problem is, people slip.
So what happens if you get busted driving without an auto insurance policy?
When you're caught driving without auto insurance coverage you can guarantee that you're going to have to pay a fine. How high that fine happens to be is going to depend on your state, but it's not going to be pretty. That's also going to go hand in hand with whatever court costs the judge orders you to pay and, potentially, a civil penalty to get your license back-which we're going to talk about in a minute.
The judge is well within his (or her) rights to confiscate your license if you're caught driving without a license, and they will probably do so with very little hesitation. You can lose your license for up to a year after driving without insurance, and the fees to get it back are usually fairly hefty. Depending on your state's policies you may also find that you have to retake your written test before you can be relicensed, something you probably didn't enjoy very much the first time around.
And then there's the up to five years in jail you could be facing. Any way you want to look at it, it's going to be bad.
The bottom line is that even if you can only afford the minimum level of auto insurance coverage for your state, the consequences of driving without any insurance at all don't bear thinking about. Your bank account will thank you in the long run.
call me for a FREE QUOTE. 1-855-GET-SELECT (4387353)
Steve Ludwig
Select Insurance Group
Saint Peters, MO
636-410-6219 Ext 1
So what happens if you get busted driving without an auto insurance policy?
When you're caught driving without auto insurance coverage you can guarantee that you're going to have to pay a fine. How high that fine happens to be is going to depend on your state, but it's not going to be pretty. That's also going to go hand in hand with whatever court costs the judge orders you to pay and, potentially, a civil penalty to get your license back-which we're going to talk about in a minute.
The judge is well within his (or her) rights to confiscate your license if you're caught driving without a license, and they will probably do so with very little hesitation. You can lose your license for up to a year after driving without insurance, and the fees to get it back are usually fairly hefty. Depending on your state's policies you may also find that you have to retake your written test before you can be relicensed, something you probably didn't enjoy very much the first time around.
And then there's the up to five years in jail you could be facing. Any way you want to look at it, it's going to be bad.
The bottom line is that even if you can only afford the minimum level of auto insurance coverage for your state, the consequences of driving without any insurance at all don't bear thinking about. Your bank account will thank you in the long run.
call me for a FREE QUOTE. 1-855-GET-SELECT (4387353)
Steve Ludwig
Select Insurance Group
Saint Peters, MO
636-410-6219 Ext 1
Insurance Company Discount Programs - GMAC
GMAC car insurance offers special discounts for drivers who qualify in several categories. There are standard discount you would expect from almost any car insurance company, but there are also specialized discounts you will only find through GMAC.
Loyalty Discount
GMAC offers a special discount for drivers who take advantage of any of the other types of services available through GMAC. You can earn a discount on your car insurance when you use GMAC financing for your vehicle purchase. Using GMAC for a mortgage loan will also earn you a discount on their car insurance rates. GM credit cardholders are eligible for auto insurance discounts as well. Combining your financial needs with the GMAC finance services can save you time and continue to save you money while you are a loyal GMAC customer.
Discounts for OnStar Subscribers
The safety of OnStar provides an invaluable benefit for drivers and their passengers. GMAC auto insurance recognizes that additional safety by offering special discounts for OnStar subscribers. If you subscribe to OnStar, you can earn an immediate 20% discount on your GMAC auto insurance.
Some OnStar subscribers can qualify for more substantial savings, depending on the types of cars they drive. Drivers who limit their mileage can experience a discount of as much as 35% on their normal GMAC auto insurance premiums. OnStar subscribers automatically receive a 10% discount regardless of their driving history or mileage record.
Safe Driver Discounts
Drivers have several options for receiving safe driver discounts through GMAC. You can receive a discount if you successfully complete a defensive driving course in certain states. Subscribing to OnStar also qualifies you for a safe driver discount.
A safe driving history, which means no accidents or traffic violations for three consecutive years, will earn you a discount as well. Anything you can do to reduce your risk of being involved in an accident can be used toward gaining safe driver status with GMAC and earning substantial auto insurance coverage discounts through the company.
Low Mileage Discounts
GMAC only expects drivers to pay for the insurance that they really need. The low mileage discount program takes into consideration the amount of miles you actually drive in a year. They allow you to create an insurance policy tailored to your driving habits. Drivers who only drive an average of 2,500 miles in a year can expect to save more than 50% on their annual insurance rates with GMAC. The unique pay-as-you-go mileage policy provides an opportunity for drivers to pay fluctuating insurance rates depending on the amount of driving they do each month. These mileage discounts are only available for OnStar subscribers.
Specials for GM Family Members
GMAC offers special discounts for GM family members. Anyone who is an active GM employee or a retired GM employee can qualify for these special insurance discounts. Family members of GM employees are also allowed to utilize the discounts when they purchase car insurance through GMAC.
Discounts extend to parents, siblings, children, and even grandparents of the employees. The GM family discounts are offered to anyone who can prove an affiliation with the GM family of employees. Family members also receive discounts on other GM services, like auto financing.
GM Suppliers
Businesses that provide services to GM can also receive auto insurance discounts. These businesses range from glass manufacturers to safety seal producers. It is surprising the number of employees that qualify for a GM supplier's auto insurance discount. Anyone who applies for GMAC insurance should check to see if they are on the list of approved GM suppliers and would qualify for a discount.
It is common for GMAC customers to be unaware of their employers' involvement in working with the GM supply chain in some way. The auto insurance discounts available to GM suppliers are worth the extra research into your company's status.
Built-in Savings
GMAC also offers what they call built-in savings. These discounts are for general things that make your car safer for the road. You can earn a built-in discount for equipping your car with anti-lock brakes or driver and passenger airbags. These devices help keep the risk of injury lower during a collision.
Anti-theft devices can also earn you built-in discounts. Steering wheel locks or electronic alarms will make your car a less enticing target for a thief, which means that you will be less likely to file a theft or vandalism claim through GMAC. The insurance company through premium discounts recognizes that reduced risk.
Experience the "untouchable" insurance rates the you can get with GMAC insurance and Select Insurance Group. Call me at 1-855-GET-SELECT (43873553) for your quote now!
Steve Ludwig
Select Insurance Group
Saint Peters, MO 63376
Loyalty Discount
GMAC offers a special discount for drivers who take advantage of any of the other types of services available through GMAC. You can earn a discount on your car insurance when you use GMAC financing for your vehicle purchase. Using GMAC for a mortgage loan will also earn you a discount on their car insurance rates. GM credit cardholders are eligible for auto insurance discounts as well. Combining your financial needs with the GMAC finance services can save you time and continue to save you money while you are a loyal GMAC customer.
Discounts for OnStar Subscribers
The safety of OnStar provides an invaluable benefit for drivers and their passengers. GMAC auto insurance recognizes that additional safety by offering special discounts for OnStar subscribers. If you subscribe to OnStar, you can earn an immediate 20% discount on your GMAC auto insurance.
Some OnStar subscribers can qualify for more substantial savings, depending on the types of cars they drive. Drivers who limit their mileage can experience a discount of as much as 35% on their normal GMAC auto insurance premiums. OnStar subscribers automatically receive a 10% discount regardless of their driving history or mileage record.
Safe Driver Discounts
Drivers have several options for receiving safe driver discounts through GMAC. You can receive a discount if you successfully complete a defensive driving course in certain states. Subscribing to OnStar also qualifies you for a safe driver discount.
A safe driving history, which means no accidents or traffic violations for three consecutive years, will earn you a discount as well. Anything you can do to reduce your risk of being involved in an accident can be used toward gaining safe driver status with GMAC and earning substantial auto insurance coverage discounts through the company.
Low Mileage Discounts
GMAC only expects drivers to pay for the insurance that they really need. The low mileage discount program takes into consideration the amount of miles you actually drive in a year. They allow you to create an insurance policy tailored to your driving habits. Drivers who only drive an average of 2,500 miles in a year can expect to save more than 50% on their annual insurance rates with GMAC. The unique pay-as-you-go mileage policy provides an opportunity for drivers to pay fluctuating insurance rates depending on the amount of driving they do each month. These mileage discounts are only available for OnStar subscribers.
Specials for GM Family Members
GMAC offers special discounts for GM family members. Anyone who is an active GM employee or a retired GM employee can qualify for these special insurance discounts. Family members of GM employees are also allowed to utilize the discounts when they purchase car insurance through GMAC.
Discounts extend to parents, siblings, children, and even grandparents of the employees. The GM family discounts are offered to anyone who can prove an affiliation with the GM family of employees. Family members also receive discounts on other GM services, like auto financing.
GM Suppliers
Businesses that provide services to GM can also receive auto insurance discounts. These businesses range from glass manufacturers to safety seal producers. It is surprising the number of employees that qualify for a GM supplier's auto insurance discount. Anyone who applies for GMAC insurance should check to see if they are on the list of approved GM suppliers and would qualify for a discount.
It is common for GMAC customers to be unaware of their employers' involvement in working with the GM supply chain in some way. The auto insurance discounts available to GM suppliers are worth the extra research into your company's status.
Built-in Savings
GMAC also offers what they call built-in savings. These discounts are for general things that make your car safer for the road. You can earn a built-in discount for equipping your car with anti-lock brakes or driver and passenger airbags. These devices help keep the risk of injury lower during a collision.
Anti-theft devices can also earn you built-in discounts. Steering wheel locks or electronic alarms will make your car a less enticing target for a thief, which means that you will be less likely to file a theft or vandalism claim through GMAC. The insurance company through premium discounts recognizes that reduced risk.
Experience the "untouchable" insurance rates the you can get with GMAC insurance and Select Insurance Group. Call me at 1-855-GET-SELECT (43873553) for your quote now!
Steve Ludwig
Select Insurance Group
Saint Peters, MO 63376
Monday, May 9, 2011
Boat Insurance Info
Cast Your Worries Aside.
For most people, owning a boat can be a dream come true. Whether you’re out on the water with friends or enjoying a relaxing day of fishing, your boat provides an escape from the daily grind.
With a Boat Owners Insurance policy from Select Insurance Group, you can relax and enjoy your time away knowing that you’re properly insured. We offer many coverage options to keep you, your boat, and its passengers safe, specializing in insurance for the following marine vehicles:
•Yachts
•Performance Boats
•Sail Boats
•Bass Boats
•Jet Skis
•WaveRunners
What Can a Boat Insurance Policy Cover?
Unfortunately, accidents happen – even on the water. A specialized Boat Insurance policy covers your boat or personal watercraft, as well as its motor against potential loss due to:
•Vandalism
•Collision with another boat or object
•Theft
•Damage caused by uninsured or underinsured boaters
Your policy also extends to protect extra equipment attached to your boat such as anchors, oars, canopies, life preservers, and fuel tanks. Coverage for fishing equipment and personal property is also available.
In addition, Liability Boat Insurance can help pay for medical expenses or legal costs if you’re at fault in a boating accident. Coverage options include:
•Bodily Injury payments
•Damage to another’s property
•Medical Payments
•Guest Passenger Liability
Additional Coverage Options:
At Select Insurance Group, we make insuring your boat or personal watercraft easy and affordable by offering extended policy benefits like On-Water Towing and Roadside Assistance when traveling with your boat. You may also be eligible for money-saving discounts when you insure multiple watercrafts or combine your Boat and Auto policies. Even simple things like being an accident-free boater and completing a boating safety course can help you save money too.
It’s your passion, your dream. Protect that dream for years to come with the right insurance policy from Select Insurance Group. Talk with one of our local insurance specialists today to learn more about Boat Owners Insurance.
For most people, owning a boat can be a dream come true. Whether you’re out on the water with friends or enjoying a relaxing day of fishing, your boat provides an escape from the daily grind.
With a Boat Owners Insurance policy from Select Insurance Group, you can relax and enjoy your time away knowing that you’re properly insured. We offer many coverage options to keep you, your boat, and its passengers safe, specializing in insurance for the following marine vehicles:
•Yachts
•Performance Boats
•Sail Boats
•Bass Boats
•Jet Skis
•WaveRunners
What Can a Boat Insurance Policy Cover?
Unfortunately, accidents happen – even on the water. A specialized Boat Insurance policy covers your boat or personal watercraft, as well as its motor against potential loss due to:
•Vandalism
•Collision with another boat or object
•Theft
•Damage caused by uninsured or underinsured boaters
Your policy also extends to protect extra equipment attached to your boat such as anchors, oars, canopies, life preservers, and fuel tanks. Coverage for fishing equipment and personal property is also available.
In addition, Liability Boat Insurance can help pay for medical expenses or legal costs if you’re at fault in a boating accident. Coverage options include:
•Bodily Injury payments
•Damage to another’s property
•Medical Payments
•Guest Passenger Liability
Additional Coverage Options:
At Select Insurance Group, we make insuring your boat or personal watercraft easy and affordable by offering extended policy benefits like On-Water Towing and Roadside Assistance when traveling with your boat. You may also be eligible for money-saving discounts when you insure multiple watercrafts or combine your Boat and Auto policies. Even simple things like being an accident-free boater and completing a boating safety course can help you save money too.
It’s your passion, your dream. Protect that dream for years to come with the right insurance policy from Select Insurance Group. Talk with one of our local insurance specialists today to learn more about Boat Owners Insurance.
Classic car insurance – specialized insurance coverage for less
If you own a “classic” car, which could be considered anything over about 25 years old, you could save money on your car insurance by buying specialized classic car insurance.
There are two ways to find insurance for your older vehicles. The first is to check with your current insurance company to see if they have a rating classification for classic or antique autos. This rate will be significantly less than a pleasure use rate, but it may also come with some mileage or usage limitations.
The other way to insure your classic car is to use an insurance company that specializes in insuring restored vehicles. Their policies have unique coverages that may not be available with an ordinary car insurance policy. Here’s a breakdown of some of the categories of classic vehicles you might want special coverage for:
•Antique & Classic Cars – Consist of stock vehicles built from the turn of the century through approximately 1969. Examples include a 1957 Ford Thunderbird, 1901 Oldsmobile and a 1930 Model A.
•Exotic and Special Interest – These are rare or limited production vehicles such as specific models of Lamborghini, Ferrari and Dodge Vipers.
•Fire Trucks – Retired collectible vehicles such as fire trucks, semi-tractors and busses can be insured as classic vehicles.
•Lowriders – Cars modified with hydraulic or air bag suspension systems can often be insured as classic cars, but underwriting guidelines are strict.
•Military Vehicles – Vehicles such as a 1951 Willys Jeep or a 1941 QMC Amphibian can be insured as a classic vehicle.
•Modern Classics – These are vehicles of modern production that are considered collectible such as a 1976 Chevrolet Corvette, a 1978 AMC Pacer or a 1979 Trans Am T-Top.
•Motorcycles and Scooters – Motorcycles are becoming increasingly expensive and thus collectible. Examples of motorcycles insurable as collectibles are a 1948 Indian Chief and a 1952 Harley Panhead.
•Muscle Cars – Typically late 1960′s and early 1970′s U.S. models that include larger V-8 engines. Examples include a 1969 Chevrolet Camaro, 1970 Dodge Charger and a 1970 Plymouth Barracuda.
•High Quality Replicas – The are home-built or professionally constructed replicas of older vehicles.
•Street Rods – Street rods include vehicles that have been extensively customized for performance. Examples include a 1932 Ford Highboy or a chopped 1951 Mercury Coupe with custom paint.
•Tractors - Collecting antique tractors is an enthusiastic hobby and they can be insured as classic vehicles.
•Trucks or Pick-ups – Older models of trucks can be insured as a classic vehicle just as a car can be. Examples include a 1922 Model T Truck, a 1951 Chevy Pickup or even a 1975 Ford Pickup.
•Vehicles Under Active Restoration – Even if you haven’t gotten the primer and paint complete, you can insure your classic while being restored.
Advantages of Classic Car Insurance
The typical classic car insurance policy offers better coverage at a reduced premium than a typical auto insurance policy. This is due to the fact that most classics are not driven as much or under the same circumstances as your regular vehicles. The policies may allow only a certain number of annual miles driven, but the return is a greatly reduced premium for insuring your classic car.
Typical benefits of the classic car insurance policy include:
•Lower premiums
•Agreed value coverage – this means your car is insured for a specific value that you will be paid in the event of a total loss
•No deductible – many classic car policies do not have a deductible, so you will not have to pay anything out-of-pocket in the case of a claim
If you have a classic that’s been collecting dust because you haven’t wanted to pay for the insurance, you have low-cost insurance options to get it on the road. Get a competitive classic car insurance quote by simply entering your zip code below and completing the fast quote form!
There are two ways to find insurance for your older vehicles. The first is to check with your current insurance company to see if they have a rating classification for classic or antique autos. This rate will be significantly less than a pleasure use rate, but it may also come with some mileage or usage limitations.
The other way to insure your classic car is to use an insurance company that specializes in insuring restored vehicles. Their policies have unique coverages that may not be available with an ordinary car insurance policy. Here’s a breakdown of some of the categories of classic vehicles you might want special coverage for:
•Antique & Classic Cars – Consist of stock vehicles built from the turn of the century through approximately 1969. Examples include a 1957 Ford Thunderbird, 1901 Oldsmobile and a 1930 Model A.
•Exotic and Special Interest – These are rare or limited production vehicles such as specific models of Lamborghini, Ferrari and Dodge Vipers.
•Fire Trucks – Retired collectible vehicles such as fire trucks, semi-tractors and busses can be insured as classic vehicles.
•Lowriders – Cars modified with hydraulic or air bag suspension systems can often be insured as classic cars, but underwriting guidelines are strict.
•Military Vehicles – Vehicles such as a 1951 Willys Jeep or a 1941 QMC Amphibian can be insured as a classic vehicle.
•Modern Classics – These are vehicles of modern production that are considered collectible such as a 1976 Chevrolet Corvette, a 1978 AMC Pacer or a 1979 Trans Am T-Top.
•Motorcycles and Scooters – Motorcycles are becoming increasingly expensive and thus collectible. Examples of motorcycles insurable as collectibles are a 1948 Indian Chief and a 1952 Harley Panhead.
•Muscle Cars – Typically late 1960′s and early 1970′s U.S. models that include larger V-8 engines. Examples include a 1969 Chevrolet Camaro, 1970 Dodge Charger and a 1970 Plymouth Barracuda.
•High Quality Replicas – The are home-built or professionally constructed replicas of older vehicles.
•Street Rods – Street rods include vehicles that have been extensively customized for performance. Examples include a 1932 Ford Highboy or a chopped 1951 Mercury Coupe with custom paint.
•Tractors - Collecting antique tractors is an enthusiastic hobby and they can be insured as classic vehicles.
•Trucks or Pick-ups – Older models of trucks can be insured as a classic vehicle just as a car can be. Examples include a 1922 Model T Truck, a 1951 Chevy Pickup or even a 1975 Ford Pickup.
•Vehicles Under Active Restoration – Even if you haven’t gotten the primer and paint complete, you can insure your classic while being restored.
Advantages of Classic Car Insurance
The typical classic car insurance policy offers better coverage at a reduced premium than a typical auto insurance policy. This is due to the fact that most classics are not driven as much or under the same circumstances as your regular vehicles. The policies may allow only a certain number of annual miles driven, but the return is a greatly reduced premium for insuring your classic car.
Typical benefits of the classic car insurance policy include:
•Lower premiums
•Agreed value coverage – this means your car is insured for a specific value that you will be paid in the event of a total loss
•No deductible – many classic car policies do not have a deductible, so you will not have to pay anything out-of-pocket in the case of a claim
If you have a classic that’s been collecting dust because you haven’t wanted to pay for the insurance, you have low-cost insurance options to get it on the road. Get a competitive classic car insurance quote by simply entering your zip code below and completing the fast quote form!
when do you need boat insurance?
If you're only on the water for a few months, is year-round boat insurance necessary?
With warmer temperatures arriving earlier than usual, water season is well underway. Whether you're out on your boat every day or just on weekends, boat insurance should be top of mind during the summer months — and even beyond.
Even after boating season is over, you may think canceling your boat insurance is a good idea to save some money. Here are a few reasons why you may want to keep your boat insurance year-round.
Boat Insurance on the Water
Naturally, you want to protect you're boat while you're using it. When you choose a boat insurance policy from a company that specializes in boat insurance, such as Progressive, you'll receive protection designed specifically for your boat.
Choose from standard and specialized coverages, including:
Liability, which protects other people and property if you're responsible for an accident
Comprehensive, for incidents such as vandalism, flooding, and fires that may happen to your boat
Collision, for instances in which you hit another object and damage your boat
Fishing Equipment, which protects your gear on board or while it's being transported on or off your insured boat
Uninsured Boater, which protects you in case an uninsured boat collides with yours.
Boat Insurance off the Water
Protecting your boat while it's on the water is an easy decision, but what about when it's not on the water? What about when it's sitting in a slip or even in your yard? You may think canceling your boat insurance to save a few dollars during the off season is a good idea, but a lot can happen while your boat isn't in use.
In fact, nearly two out of every 10 Progressive boat claims are filed between Labor Day and Memorial Day — when boating isn't at its peak. Most of these claims are filed due to vandalism, theft, fire, or flooding, which can happen at any time, not just during warmer months.
And what about injuries? You're most likely responsible if someone gets hurt on your boat, but did you know you could be responsible for injuries around your boat, too? If you bypass boat insurance, you won't have liability coverage to protect you in cases that involve injury, which means you may be responsible for paying someone's medical bills whether you're using your boat or it's sitting unattended.
Whether you store your boat in a marina or in your yard, you may want to rethink any decisions to cancel your boat insurance while it's not being used.
Year-Round Boat Insurance Could Save You Money
You may actually save some cash if you keep your boat policy all year. With Progressive's disappearing deductibles, your Comprehensive and Collision deductibles are reduced by 25 percent for every claim-free policy period. If you go four policies in a row without a claim, you won't pay a deductible if you file one after that.
Canceling your policy means you'll most likely be paying the entire amount to repair damage to your boat since you won't have any coverage. However, if you keep your policy, you may qualify for a $0 deductible after four claim-free years, which means you could save $500 or even $1,000 (depending on the deductibles you selected) when you do file a claim.
What to Consider before You Buy Boat Insurance
Before you make any changes, be sure to check your policy and review it with your agent to make sure you're getting the most for your money.
Remember to look at what you have, then purchase boat insurance that covers your way of life. If you own a home, cars, a business, etc., you may want to consider a higher level of boat insurance coverage or an umbrella policy to protect your assets.
As with any Progressive policy, you can contact us 24/7 with boat insurance questions at 1-855-GET-SELECT (1-855-438-7353). Or, get a boat insurance quote online at any time.
With warmer temperatures arriving earlier than usual, water season is well underway. Whether you're out on your boat every day or just on weekends, boat insurance should be top of mind during the summer months — and even beyond.
Even after boating season is over, you may think canceling your boat insurance is a good idea to save some money. Here are a few reasons why you may want to keep your boat insurance year-round.
Boat Insurance on the Water
Naturally, you want to protect you're boat while you're using it. When you choose a boat insurance policy from a company that specializes in boat insurance, such as Progressive, you'll receive protection designed specifically for your boat.
Choose from standard and specialized coverages, including:
Liability, which protects other people and property if you're responsible for an accident
Comprehensive, for incidents such as vandalism, flooding, and fires that may happen to your boat
Collision, for instances in which you hit another object and damage your boat
Fishing Equipment, which protects your gear on board or while it's being transported on or off your insured boat
Uninsured Boater, which protects you in case an uninsured boat collides with yours.
Boat Insurance off the Water
Protecting your boat while it's on the water is an easy decision, but what about when it's not on the water? What about when it's sitting in a slip or even in your yard? You may think canceling your boat insurance to save a few dollars during the off season is a good idea, but a lot can happen while your boat isn't in use.
In fact, nearly two out of every 10 Progressive boat claims are filed between Labor Day and Memorial Day — when boating isn't at its peak. Most of these claims are filed due to vandalism, theft, fire, or flooding, which can happen at any time, not just during warmer months.
And what about injuries? You're most likely responsible if someone gets hurt on your boat, but did you know you could be responsible for injuries around your boat, too? If you bypass boat insurance, you won't have liability coverage to protect you in cases that involve injury, which means you may be responsible for paying someone's medical bills whether you're using your boat or it's sitting unattended.
Whether you store your boat in a marina or in your yard, you may want to rethink any decisions to cancel your boat insurance while it's not being used.
Year-Round Boat Insurance Could Save You Money
You may actually save some cash if you keep your boat policy all year. With Progressive's disappearing deductibles, your Comprehensive and Collision deductibles are reduced by 25 percent for every claim-free policy period. If you go four policies in a row without a claim, you won't pay a deductible if you file one after that.
Canceling your policy means you'll most likely be paying the entire amount to repair damage to your boat since you won't have any coverage. However, if you keep your policy, you may qualify for a $0 deductible after four claim-free years, which means you could save $500 or even $1,000 (depending on the deductibles you selected) when you do file a claim.
What to Consider before You Buy Boat Insurance
Before you make any changes, be sure to check your policy and review it with your agent to make sure you're getting the most for your money.
Remember to look at what you have, then purchase boat insurance that covers your way of life. If you own a home, cars, a business, etc., you may want to consider a higher level of boat insurance coverage or an umbrella policy to protect your assets.
As with any Progressive policy, you can contact us 24/7 with boat insurance questions at 1-855-GET-SELECT (1-855-438-7353). Or, get a boat insurance quote online at any time.
Flood insurance 101
With the melting, thawing and spring rain upon us it’s important that homeowners take a moment to re-evaluate their flood insurance coverage. Not sure where to begin? Take a look at the 3 most common flood insurance questions, asked by homeowners just like you:
1. I can’t buy flood insurance if I live in a high-flood-risk area, right?
Wrong. If your community participates in the National Flood Insurance Program (NFIP), you can buy National Flood Insurance no matter where you live. To find out if your community participates in the NFIP, visit FEMA’s Community Status page. More communities qualify for the NFIP every day.
2. Can you buy flood insurance immediately before or during a flood?
You can buy National Flood Insurance anytime – but the policy isn’t effective until a 30-day waiting period after the first premium payment. However, this 30-day waiting period can be waived if the policy was purchased within 13 months of a flood map revision. If the initial flood insurance purchase was made during this 13-month period, then there is only a one-day waiting period. This one-day provision only applies when the Flood Insurance Rate Map (FIRM) is revised to show the building is now in a high-flood-risk area.
3. Does my Missouri homeowners insurance policy cover my flooding risk?
Most home and business “multi-peril” policies do not cover flooding. Homeowners can include personal property coverage in their NFIP policy, and residential and commercial renters can purchase flood coverage for their contents. Business owners can buy flood insurance coverage for their buildings, inventory and contents.
1. I can’t buy flood insurance if I live in a high-flood-risk area, right?
Wrong. If your community participates in the National Flood Insurance Program (NFIP), you can buy National Flood Insurance no matter where you live. To find out if your community participates in the NFIP, visit FEMA’s Community Status page. More communities qualify for the NFIP every day.
2. Can you buy flood insurance immediately before or during a flood?
You can buy National Flood Insurance anytime – but the policy isn’t effective until a 30-day waiting period after the first premium payment. However, this 30-day waiting period can be waived if the policy was purchased within 13 months of a flood map revision. If the initial flood insurance purchase was made during this 13-month period, then there is only a one-day waiting period. This one-day provision only applies when the Flood Insurance Rate Map (FIRM) is revised to show the building is now in a high-flood-risk area.
3. Does my Missouri homeowners insurance policy cover my flooding risk?
Most home and business “multi-peril” policies do not cover flooding. Homeowners can include personal property coverage in their NFIP policy, and residential and commercial renters can purchase flood coverage for their contents. Business owners can buy flood insurance coverage for their buildings, inventory and contents.
Sunday, May 8, 2011
high value homeowners insurance
Travelers Insurance says, "Distinctive homes require distinctive insurance protection." While every home is a signifigant investment, high value homes with special characteristics and architectural features require unique coverage. Often these homes also contain fine possessions such as art, collectibles, jewelry or antiques, which nececitates very special coverage. We have several preferred carriers with whom we can pair you for insuring your home; one example of which is Travelers Platinum Plus, some of whose unique features are as follows:
* Additional replacement cost coverage up to 100% of your Coverage A limits
* Cash settlement option in the case of a total loss
* Accomodation and increased expense coverage includes meals and laundry
* Coverage for costs incurred due to changes in building codes
* Automatic inclusion of personal injury protection
* Higher limits for valuable items
* Data restoration and identity fraud protection included
* Deductibles up to $50,000 allow you to lower your premium
In order to ensure that you have the most appropriate insurance coverage, a free appraisal of your home is provided by Travelers, and in the event of a claim the appraisal provides detailed information which helps to expedite your claim.
call me to get your high value homeowners insurance quote at
1-855-GET-SELECT (438-7353)
* Additional replacement cost coverage up to 100% of your Coverage A limits
* Cash settlement option in the case of a total loss
* Accomodation and increased expense coverage includes meals and laundry
* Coverage for costs incurred due to changes in building codes
* Automatic inclusion of personal injury protection
* Higher limits for valuable items
* Data restoration and identity fraud protection included
* Deductibles up to $50,000 allow you to lower your premium
In order to ensure that you have the most appropriate insurance coverage, a free appraisal of your home is provided by Travelers, and in the event of a claim the appraisal provides detailed information which helps to expedite your claim.
call me to get your high value homeowners insurance quote at
1-855-GET-SELECT (438-7353)
St Louis, MO Landlord insurance Questions and answers
Being a st louis, missouri landlord can be a juggling act when trying to balance renting out your property with good tenants, collecting rent, managing your properties, plus many other legal and financial matters. Having a good insurance policy is one step in the right direction. Select Insurance Group is here to guide you through some of the top questions to ask when looking for st louis missouri landlord insurance coverage.
Things can go wrong with the properties you rent out. Whether it’s an injury due to a liability issue or some type of property damage, you’ll want to know the specifics of your insurance policy and what it covers.
Here are questions you should consider asking when deciding on st louis missouri Landlord coverage for your st louis missouri rental properties:
1. When shopping for st louis landlord insurance, what coverage is available?
There are typically two levels of coverage – basic coverage (Named Peril) and a more expensive, but broader coverage (Comprehensive). Basic coverage includes Liability and coverage for your Dwelling. There are also other coverages available such as Personal Property, Other Structures and Loss of Rents. Be sure to ask your insurance agency to look for a company that will provide coverage for your situation and that is flexible with what you want.
2. What’s the difference between Replacement Cost and Actual Cash Value?
Actual cash value settlement will have a lower premium, and pays the depreciated value of your property in the event of a loss. Replacement cost settlements require higher premiums up front, but would pay for the amount to replace your property without factoring in depreciation in the event of a loss. The choice is up to you based on your situation and preference.
3. What if my rental property is vacant or in between tenants?
Vacancies happen so you’ll want to know how your insurance company will handle this situation. Be aware that some companies will deny or reduce coverage if the property’s vacant for 30-60 days. Check into your options, as a vacant policy may be a possible solution for you.
4. Am I required to insure both my primary home and rental property with the same company?
Many people insure their rental property with the same company they have a homeowner’s policy with. However, two scenarios are common for using separate companies. One is that the company may have additional restrictions for rental properties including physical condition, liability exposure, credit scoring or even the number of rental properties owned. Your rental property may be in one of their restricted categories.
The second scenario is that people are looking for a specialized carrier. With a specialized company, you can get specific coverage for your situation, discount packages, claims expertise, more schedule options, multiple dwelling policies and one bill for multiple properties. Ask your agent or broker to find out what works best for you.
5. What kinds of st louis landlord insurance discounts are available?
Everybody wants to save money. Ask what’s available for you. Some companies give you a bigger discount the more properties you insure with them. Other companies reward you if your rental is managed by a property management company, if you screen your tenants, or if you are part of a landlord association.
Things can go wrong with the properties you rent out. Whether it’s an injury due to a liability issue or some type of property damage, you’ll want to know the specifics of your insurance policy and what it covers.
Here are questions you should consider asking when deciding on st louis missouri Landlord coverage for your st louis missouri rental properties:
1. When shopping for st louis landlord insurance, what coverage is available?
There are typically two levels of coverage – basic coverage (Named Peril) and a more expensive, but broader coverage (Comprehensive). Basic coverage includes Liability and coverage for your Dwelling. There are also other coverages available such as Personal Property, Other Structures and Loss of Rents. Be sure to ask your insurance agency to look for a company that will provide coverage for your situation and that is flexible with what you want.
2. What’s the difference between Replacement Cost and Actual Cash Value?
Actual cash value settlement will have a lower premium, and pays the depreciated value of your property in the event of a loss. Replacement cost settlements require higher premiums up front, but would pay for the amount to replace your property without factoring in depreciation in the event of a loss. The choice is up to you based on your situation and preference.
3. What if my rental property is vacant or in between tenants?
Vacancies happen so you’ll want to know how your insurance company will handle this situation. Be aware that some companies will deny or reduce coverage if the property’s vacant for 30-60 days. Check into your options, as a vacant policy may be a possible solution for you.
4. Am I required to insure both my primary home and rental property with the same company?
Many people insure their rental property with the same company they have a homeowner’s policy with. However, two scenarios are common for using separate companies. One is that the company may have additional restrictions for rental properties including physical condition, liability exposure, credit scoring or even the number of rental properties owned. Your rental property may be in one of their restricted categories.
The second scenario is that people are looking for a specialized carrier. With a specialized company, you can get specific coverage for your situation, discount packages, claims expertise, more schedule options, multiple dwelling policies and one bill for multiple properties. Ask your agent or broker to find out what works best for you.
5. What kinds of st louis landlord insurance discounts are available?
Everybody wants to save money. Ask what’s available for you. Some companies give you a bigger discount the more properties you insure with them. Other companies reward you if your rental is managed by a property management company, if you screen your tenants, or if you are part of a landlord association.
Answers to homeowners about fallen trees and damages
"If my tree falls in my yard will my home insurance pay for it?" We get this question all the time; however, the answer varies depending on a number of factors. Generally, this is how it works:
The answer is Yes. However, the tree must hit a covered structure to trigger your homeowners policy. Also, there is generally a limit per tree and a limit per loss. For example, if the coverage is $250 per tree, and a $500 limit for the loss, then you are only covered for $500, regardless of how many trees fall. If the tree does not hit a covered structure then the tree is not covered - so therefore, if it falls and lands only on, say, your driveway or sidewalk in front of your house, your homeowners insurance won't cover it.
We also get another similar question: "If my tree falls and lands in my neighbors yard, who pays for it?" Each party puts the claim in through call his/her own house insurance. So your house insurance will pay to remove the part of the tree on your property as long as it hit a covered structure. (house, fence, shed, etc.) Your neighbor will have to call his/her own home insurance company to have the portion of the tree on their property removed. It is likely unless the tree hit a covered structure (owned by the neighbor) it won't be covered by their policy and they will have to pay for any removal cost out of their own pocket.
Here's another common question: "My neighbor’s tree falls and hits my house - who covers it?" Even though it’s the neighbor’s tree, it’s still going to be covered by your policy. Your policy will fix your house, and then remove the portion of the tree that is on your yard.
Some insurers now sell optional endorsements that will remove the requirement for the tree to hit a structure. It’s generally not that expensive to add these options if your insurer offers it, and especially if you have at least one or more trees in your yard or the vicinity of your home, it’s worth checking with your agent.
The answer is Yes. However, the tree must hit a covered structure to trigger your homeowners policy. Also, there is generally a limit per tree and a limit per loss. For example, if the coverage is $250 per tree, and a $500 limit for the loss, then you are only covered for $500, regardless of how many trees fall. If the tree does not hit a covered structure then the tree is not covered - so therefore, if it falls and lands only on, say, your driveway or sidewalk in front of your house, your homeowners insurance won't cover it.
We also get another similar question: "If my tree falls and lands in my neighbors yard, who pays for it?" Each party puts the claim in through call his/her own house insurance. So your house insurance will pay to remove the part of the tree on your property as long as it hit a covered structure. (house, fence, shed, etc.) Your neighbor will have to call his/her own home insurance company to have the portion of the tree on their property removed. It is likely unless the tree hit a covered structure (owned by the neighbor) it won't be covered by their policy and they will have to pay for any removal cost out of their own pocket.
Here's another common question: "My neighbor’s tree falls and hits my house - who covers it?" Even though it’s the neighbor’s tree, it’s still going to be covered by your policy. Your policy will fix your house, and then remove the portion of the tree that is on your yard.
Some insurers now sell optional endorsements that will remove the requirement for the tree to hit a structure. It’s generally not that expensive to add these options if your insurer offers it, and especially if you have at least one or more trees in your yard or the vicinity of your home, it’s worth checking with your agent.
Important facts to know about vacant homes
Did you know that your Homeowners Insurance policy will severely restrict your coverage if your home is left vacant or unoccupied for more than 30 days, and in most cases will exclude all coverage if the home is vacant for more than 60 days?
In today’s real estate market, more and more investors are faced with owning vacant or unoccupied homes. It is more important than ever that you make sure that your investments are properly covered from further downside risk. Whether your home is on the market, between tenants, or undergoing a renovation, regular insurers do not like vacant properties...but we know and understand the unique needs of investors who require insurance on their vacant dwellings.
Unfortunately, vacant homes are at much greater risk of vandalism, fire, and water damage losses. For this reason, owners are faced with a double whammy…reduction in coverage, and higher premiums related to Vacant Dwelling insurance.
Select Insurance Group is a nationally licensed specialty insurance agency providing vacant home insurance coverage through more than 30 insurance providers for the unique needs of real estate investors, whether your home is currently rented or vacant.
We will insure your home, whether it is a single family residence, duplex, or under renovation. But we will only insure vacant dwellings, rental dwellings, and second/seasonal homes…that is why we are the experts and can always obtain the best coverage and rates to suit your particular needs.
Not sure which policy is right for you? Click here to shop insurance options available to you or call 1-855-GET-SELECT (438-7353) today.
In today’s real estate market, more and more investors are faced with owning vacant or unoccupied homes. It is more important than ever that you make sure that your investments are properly covered from further downside risk. Whether your home is on the market, between tenants, or undergoing a renovation, regular insurers do not like vacant properties...but we know and understand the unique needs of investors who require insurance on their vacant dwellings.
Unfortunately, vacant homes are at much greater risk of vandalism, fire, and water damage losses. For this reason, owners are faced with a double whammy…reduction in coverage, and higher premiums related to Vacant Dwelling insurance.
Select Insurance Group is a nationally licensed specialty insurance agency providing vacant home insurance coverage through more than 30 insurance providers for the unique needs of real estate investors, whether your home is currently rented or vacant.
We will insure your home, whether it is a single family residence, duplex, or under renovation. But we will only insure vacant dwellings, rental dwellings, and second/seasonal homes…that is why we are the experts and can always obtain the best coverage and rates to suit your particular needs.
Not sure which policy is right for you? Click here to shop insurance options available to you or call 1-855-GET-SELECT (438-7353) today.
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