• Menu
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Spews

spews

  • Home
  • About
  • Technology
  • Lifestyle
  • Traveling
  • Marketing
  • Money
  • Contact
  • Home
  • About
  • Technology
  • Lifestyle
  • Traveling
  • Marketing
  • Money
  • Contact

Jared Syel Famers Insurance Expert On What You Need To Know Before Buying Homeowners Insurance

January 18, 2019 //  by Geoff

Whether you have just moved into a new place or the search is on for that dream home, you will want to make sure that your insurance is already lined up. It may not be a legal requirement but any homeowner who fails to invest in this insurance is making a rod for their own back. We often get a lot of questions from people who are either looking to find or upgrade their homeowners policy and so we spoke to Jared Syel farmers insurance expert and a man who knows the insurance industry very well indeed. Here Jared gives us some tips on what you should be looking out for when you want to find great homeowners insurance.

Flooding

Whether you live in a flood zone or not this is an addition which you should make to your homeowner insurance. Flood cover doesn’t come as standard yet it is something which statistics suggest you may need. “90% of all natural disasters in the U.S. involve flooding,” Jared says. “Surprisingly however, 25% to 30% of all paid losses for flooding are in areas not designated as flood hazard zones”. Earthquake insurance is also something which you may wish to consider.

Swimming Pool

If you have a swimming pool on the property then you should seriously consider looking into boosting your liability insurance. Unless you add your pool on separately you will have difficulties, especially if an accident is caused. If someone drowns in your swimming pool and you don’t have additional cover, you could be in for a long lawsuit.

High Excess

When it comes to home insurance, much like auto insurance, you will find that the higher the excess, or deductible, is on your policy, the cheaper that your overall premium will be. Now whilst there will always be the argument of ‘what if something happens, it will cost more in the long run’ and this is indeed a valid claim, the majority of people will spend their whole lives making less than 0.5 claims on average. This means that if you roll the dice ever so slightly and opt to pay a lower premium and a higher excess, the likelihood is that you will save money in the long term.

Cost of Your Home

It is also important to remember that the actual cost of your home is not the same as the current market value nor its original price. The replacement cost of the home is the amount that it will cost to rebuild your home on its current property. This means that the replacement of your home will not involve the cost of the land on which it is built nor will it involve any premium that you may have paid on your home. In 99% of cases the land on which the property is built will not be damaged, but it is essential that you understand this when doing your calculations.

 

Category: Money

Previous Post: « John Robert Powers – The Keys to Becoming a Model
Next Post: Turning Point USA – Why More Young People Are Getting Involved in Politics »

Primary Sidebar

Hey there, I'm Geoff. In today's society it is more important than ever to live a safe lifestyle. Keep your home safe, stay safe while traveling and in my case, keeping my blog safe! There is lots of spam and scam out there - so let's try to lead a healthy and fun lifestyle while keeping ourselves and our families safe!

Follow Us Online

  • Facebook
  • Instagram
  • Twitter

Recent Post

Choosing the Right Inbound AI Voice Assistant for Your Business: A Comprehensive Guide

March 16, 2023 By //  by Geoff

As technology continues to advance, more …

Why Banff Is a Fun and Unique Place to Live

March 15, 2023 By //  by Geoff

Banff is a small town located in the heart of the …

3 Ways to Run a More Eco-Friendly Business

March 7, 2023 By //  by Geoff

We live in a world that is becoming increasingly …

5 Reasons to Consider Professional Help During a Chapter 7 or Chapter 13 Bankruptcy Case

February 27, 2023 By //  by Geoff

Dealing with bankruptcy can be overwhelming, …

Which Alternative Coins Should You Consider Investing In?

February 14, 2023 By //  by Geoff

Many people feel flabbergasted when entering into …

Follow Us On Facebook

Spews

Footer

About US

Hey there, I'm Geoff. In today's society it is more important than ever to live a safe lifestyle. Keep your home safe, stay safe while traveling and in my case, keeping my blog safe! There is lots of spam and scam out there - so let's try to lead a healthy and fun lifestyle while keeping ourselves and our families safe! Read More…

Follow Us On Facebook

Spews

Copyright © 2023 Spews · All Rights Reserved · Powered by Mai Theme