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Know Your Homeowners Insurance Policy

3 Steps To Using Drones For Safe Roof Inspection

Posted by on May 17, 2016 in Uncategorized | Comments Off on 3 Steps To Using Drones For Safe Roof Inspection

Drones are becoming more popular for commercial use, and can be a safe way to do tasks like inspect structures. Today, small drones are even affordable, and even a small toy drone of an older child can be used for some simple tasks. If you have roof damage, these small machines can be used to take photos and inspect the damage. Commercial roofing companies have begun using them, but you may also want to do your own inspections to evaluate problems and repairs that need to be done. Here are some steps to help you with roof damage inspection:   1. Getting The Drone Setup For Flight And Preparing Spare Parts Because any types of drones are lightweight aircrafts, many small problems can affect them. This can be something as simple as damage to blades, which can make the drone more difficult to control. Before you do a flight, make sure you replace any damaged parts. You may want to do a test flight to get use to the controls and spot problems that need to be addressed. In addition, keep spare parts handy to do repairs to the drone when needed. 2. Preparing The Camera For Photos Or Videos Of Your Roof Damage Depending on the type of drone you are using, the camera may be integrated into the drone or it may have brackets to mount a small camera. Some cameras will have a display that you can watch as you fly, such as drones that connect to a mobile device or have a display on the remote control. Others may not have any display, so you may want to practice flying. With the display it will be easier to see the photos and videos, but you may need to set things up if you do not have a display. Taking photos can be tricky, so you want to try to fly the drone a smooth as possible and get as close to the roof as possible without having an accident (crashing the drone). 3. Taking Time To Inspect Roof Section By Section For Best Results Being able to get clear photos of your roof is important to inspect the damage. The best way to do this is by doing the inspection of your roof in sections. This will allow you to take the time to cover areas and review the images. You may want to do areas several times to get different views and combinations of photos and videos, so you can evaluate any problems that may be visible on your roof.  With these steps, you will be able to do your own roof inspections and know what needs to be repaired, without putting yourself in danger physically getting on your roof. Once you have photos and video of the damage, contact a home insurance agent (such as one from home insurance with Acumen Insurance Group Inc) and review it with them to get an idea of what you need to do to repair your roof....

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Unusual Home Insurance Claims

Posted by on Jan 5, 2016 in Uncategorized | Comments Off on Unusual Home Insurance Claims

Homeowner’s insurance is designed to protect the homeowner and the lender from loss and damage. Most claims are filed as a result of things like fire, natural disasters, or flooding. But home insurance policies can also cover a few other unusual things that you might not know about. Here are some items that your homeowner’s policy may cover if you need it. Dog Bites If you own a dog, there is always a possibility that it could bite someone inside your home or even in the backyard. If this happens, you could potentially be sued and end up losing a substantial amount of money. Home insurance can actually protect you from a liability lawsuit as a result of your dog biting someone. This kind of claim  is known as a liability claim, since you would be liable for the bite as the dog owner. If this happens to you, our policy should cover a limited amount of cost for the person’s medical bills as a result of the bite. Depending on your liability limits, it could cover all of the expenses but if they are higher, you will responsible for the difference. Falling Object Coverage Sometimes things fall from above that can cause damage to your home, such as a tree limb snapping off after a storm. But other objects like debris from an airplane flying overhead or even a meteor from space can be included in your coverage. Anything that falls onto the roof or perimeter of your home that results in damage should be covered under your homeowner’s insurance plan. It is important to note that you must take steps to prevent any further damage until repairs can be made, such as putting a tarp on your roof to protect your home from the elements in order for the damage to be paid. Accidents That Occur Outside Your Home If someone slips and falls on your icy sidewalk, your homeowner’s insurance policy should cover their medical expense costs. Even if something happens when you are away from home, such as an injury to another person that you caused should be covered. Essentially, your policy protects you from liability in almost any situation regardless of whether or not it happened on your property. This is a good thing to know, since we live in a very litigious society. Read your policy carefully to make sure you have this kind of coverage, and keep it in mind in case you ever need to use it to protect yourself from financial...

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4 Tips For Keeping Homeowners Insurance Costs Low

Posted by on Sep 23, 2015 in Uncategorized | Comments Off on 4 Tips For Keeping Homeowners Insurance Costs Low

As a homeowner, you know there are many costs that are associated with maintaining your home. Not only do you have your mortgage payment, but you also have to factor in maintenance costs and homeowners insurance. With all these costs, it’s important that you are taking control of them and being sure that they are as low as possible so that you and your family can save money. Here are four tips to help you keep your homeowners insurance costs as low as possible: Plan Construction Carefully: If you plan on adding anything to your home, you must be sure that you plan for it as carefully as possible. If you add a swimming pool, for example, you have to consider the fact that this is going to increase your homeowners insurance costs. If you don’t think that is something you can afford, then adding a swimming pool is probably not the best idea. Also, if you are considering adding an additional room to your home, then you have to think about the materials you use. The materials used will determine how much your homeowners insurance is going to go up. For example, if you use wood materials, insurance will increase much more since this is more likely to burn in the case of a fire.  Make a Regular Review of Insurance: Every six months or at least every year, you should be reviewing your homeowners insurance policy. This will allow you to determine what changes you need to make. For example, if you can afford a higher deductible, then you may want to increase the deductible. Also, you can ask your insurance agent what type of discounts you are now eligible for that may not currently be applied to your policy.  Install the Right Security System: Homeowners insurance companies will like to see the right security system in place for your home. For example, if you live in a high crime rate area, then you will want to install a security system that will alert police whenever the alarm is activated. This can lower insurance costs, as well as installing security cameras and more.  Pay off Mortgage: Of course, paying off your mortgage is something you want to do anyway to save on your monthly expenses. But you will also save even more than you think because you may not be aware that this also decreases the amount you are spending on insurance costs. This is basically because insurance companies assume that people who own their home completely will more likely take better care of it. By following these four tips, you can be sure that you save as much as possible on the cost of insuring your home. Contact a local insurer, like home insurance Meyer’s Insurance Ltd, for more...

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Types Of Coverage An At-Home Business Might Need

Posted by on Aug 13, 2015 in Uncategorized | Comments Off on Types Of Coverage An At-Home Business Might Need

Many home business owners believe they do not have to purchase business insurance. The belief is that other forms of insurance, such as renters or homeowner’s insurance, will cover any losses and provide the home business owner with adequate risk protection. However, your business property will often not be insured by anything other than your business insurance. Covering Your Equipment Homeowner’s insurance policies will sometimes limit the coverage of business equipment. If so, you will want coverage that can over the replacement of your business equipment in the event of a fire, theft or vandalism. You will likely need this even if you bring equipment home from the office. However, another cheap option is to determine if your homeowner’s insurance provides an endorsement for business equipment, which will usually require that you pay a higher premium. Choosing Between In-Home and Business Insurance Otherwise, you will need to choose between in-home and business insurance policies. If you need less than $10,000 in assets covered, you will need an in-home insurance policy. If you need more than $10,000 in coverage, you will need a conventional business insurance policy. Covering Employees or Coworkers If you have employees or coworkers who frequently visit your home, they may not be covered under your homeowner’s insurance policy if they are injured. You will need coverage to pay for medical bills or any other incident that causes losses to the visitor. Covering Loss of Income and Relocation When you work from home and there is a fire or other natural disaster that displaces you from your home, the loss of your home is not the only tragedy. Your home-based business will also likely be disrupted. Income and relocation insurance will cover the cost of relocating and will also cover the cost of lost income until you can get back to work. Covering the Loss of Research and Accounts Receivable If your business involves research and you have lost the research through a disaster, protection for valuable papers will pay for the replacement or restoration of the lost data. Also, if accounts receivable records are lost and this causes you to lose a portion of your income, accounts receivable insurance will cover this loss. Coverage for Ad-Related Lawsuits When you advertise from your home business, you may need protection for advertising injury claims. For example, if you are taken to court because your advertisements are believed to have violated a copyright or have slandered your competition, your advertising insurance will protect you. Keep these things in mind when considering buying business insurance for your at-home...

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5 Ways To Lower Your Home Insurance Premium

Posted by on Jul 15, 2015 in Uncategorized | Comments Off on 5 Ways To Lower Your Home Insurance Premium

Insurance premiums naturally rise each year to account for inflation and the cost of materials to rebuild your home, but there are other factors that play into it as well. If you are looking for a way to lower your home insurance premium, try following these tips. Increase Your Home’s Security A home that is not very secure will put it more at risk for potential theft, and your insurance company will charge you a higher premium because of it. Small thing such as adding deadbolts to every exterior door, or adding a security system, can reduce the amount that you pay for home insurance. Maintain A High Credit Score Insurance companies do consider credit scores when they decide how much you will pay for your home insurance. A person with a low credit score may be viewed as being less responsible than a person with a high credit score, meaning the former will be more likely to submit a claim to the insurance company. Keep your credit score high, and it could translate into a lower premium. Consolidate All Your Insurance Policies Many insurance providers will give you a discount if you have multiple policies with them. The most common way to do this is by consolidating both automotive and home insurance, since many homeowners need both policies. Adding recreational vehicle insurance, life insurance, and even identify theft protection services can reduce your overall premiums. Dispute Your Home’s Replacement Costs Your insurance provider may be basing your insurance premium off a replacement cost that is unreasonably high. You can have your home appraised to determine how much it would actually cost to rebuild your home in a total loss scenario. Keep in mind that you do want your home’s appraised value to be accurate. If your home’s replacement cost is too low, you may not get enough money from the insurance company  in a situation where you actually need to rebuild your home. Raise Your Deductible When selecting your policy, you have the option of picking how much you will pay out of pocket before your insurance company starts paying out. A lower out of pocket costs will mean a higher home insurance premium each year. Contact your agent about a high deductible policy to learn more about how much it will lower your premium. You can easily make the money back by having several years where you do not make a...

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New To Canada? Avoid Hitting A Moose

Posted by on Jun 12, 2015 in Uncategorized | Comments Off on New To Canada? Avoid Hitting A Moose

If you are new to Canada, you may not realize you have more of a chance of hitting a moose than a deer while driving. Moose are massive, weighing up to 1,800 pounds and growing up to 6.5 feet tall. And they will do extensive damage to your vehicle if you hit one. If you do happen to hit a moose, the damage to your car can be astounding. Because they are so tall, your car likely hits the moose’s legs, sending the animal onto the windshield of your car. It may then bounce off the windshield onto the roof of your car, causing even more damage. More Difficult to See Moose are more difficult to see than deer. This is because their legs are so long that their eyes do not reflect in your headlights. Many moose are not afraid of vehicles, and they may not even run if you honk your horn. Moose can be hard to see during the night because their coat is dark brown. If you are driving at dusk or at night, look at the roadside reflectors as you drive. If you notice that they flicker, this may mean moose are crossing the road in front of them. Warning Signs Watch for warning signs on the side of the road that alert you there are moose in the area. These signs are shaped like a yellow diamond and are hard to miss. The signs are placed in these areas for a reason, and you must obey them, as well as any speed changes they may show. Adaptive Headlights Adaptive headlights can help you avoid hitting a deer or moose, and they may reduce your insurance claims. If you are driving at night and there are curves ahead of you, it is impossible to see what is around them. If you have adaptive headlights on your vehicle, the lights automatically extend further around the curve to give you a better view of what lies ahead, such as a moose. If you have no choice other than to hit the moose, crouch down as low as you can get in your seat, as the moose will likely crush in your roof. After the crash is over and once you know no one is injured, call your car insurance company. They can send someone out to help take care of the injured or dead animals and get you started in your insurance...

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Choosing The Right Car Insurance

Posted by on May 12, 2015 in Uncategorized | Comments Off on Choosing The Right Car Insurance

When it comes to car insurance it feels like there are a thousand different options to choose from.  Becoming educated on the options available will ensure that you pick the right coverage for you. Auto Liability Insurance This kind of insurance protects the person you hit when the accident is your fault.  The dollar amount is separated into three numbers: the amount of money to cover one person for bodily injury, the amount of money to cover every person for bodily injury and property damages. Some areas have a legal minimum amount of auto liability insurance a driver must carry.  In addition, you want to remember that someone who is injured may come after you with a lawyer for the remaining amount of money not covered by insurance.  If you own a lot of assets you may want to make sure that your auto liability insurance is higher. Personal Injury Protection This helps protect you and any family members who are injured in an accident.  Some areas require a minimum amount to be carried by a driver.  But many people who have health insurance opt out of this policy. Comprehensive and Collission Coverage Comprehensive coverage will cover any damages not related to an accident.  This could include fires, floods, or hail.  Collision coverage covers your car for damage caused by an accident.  If you are leasing a car you will be required to hold both comprehensive and collision coverage.  If you drive an older car you may not carry this type of coverage because it would cost you more than the value of your car. Medical Payments Coverage This policy would start once the money ran out from personal injury protection coverage.  In some areas personal injury protection coverage will only cover a certain percentage of medical expenses (say 80%).  This means you would be responsible for the other 20% unless you had medical payments coverage. Uninsured and Underinsured This policy is usually inexpensive to add on and will protect you in the event that you are in an accident with someone who doesn’t have insurance or doesn’t have enough insurance to cover the cost of fixing your vehicle. Towing Insurance You can also add towing coverage to your policy.  However, many automakers provide towing when a car is under warranty. Since there are so many options when it comes to auto insurance it is best to make sure you understand all of the aspect and get what is best for your...

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5 Ways to Protect Your Biggest Investment

Posted by on Apr 8, 2015 in Uncategorized | 0 comments

For many people, their home is their biggest investment. It is important to protect that investment so that when you are ready to sell, you will be able to get a good return on the money that you have put into your property. Here are five things you need to do to protect your biggest investment. Carry Home Insurance When you buy your home, your mortgage company will require that you carry a home insurance policy. Even when you have paid it off, you need to carry home insurance. It is important to understand just what your home insurance covers. According to The Wall Street Journal, most home insurance policies do not cover floods or earthquakes. If you live in a flood prone area or earthquake zone, you may want to consider purchasing additional coverage to protect your home. Maintain Your Home Each year you should winterize your home to prepare it for winter. It is a good idea to have money set aside for planned maintenance and upgrades. If you can catch and fix the small problems before they become bit, you can maintain the value of the home. This may mean replacing the pipes or the roof in an older home, and making sure that air conditioning and heating system is up to day. Keep an eye on your foundation to make sure it is secure. Update Your Home This is different from maintaining your home. You can get more from your home if it is update as far as fixtures, and flooring go. A kitchen remodel or bath remodel can add additional value to your home, and often adds more value than you put into the project. You can work on projects over the years that you own the home to help increase the value. When you get ready to sell it, be sure you choose more neutral colors to help it be appealing to a wider audience. Be Active in Your Community A good neighborhood and good schools can really influence the value of your home. If you are active in your community and neighborhood associations, you can work to keep these things appealing. A strong community will help to hold home prices steady or even improve them. Create Curb Appeal Landscaping and creating a beautiful outdoor living space can add value to your home. It can be daunting to think of doing this over just one year. If you plan a new outdoor project to focus on each year, you can soon have a beautiful yard that will be the envy of the neighborhood and increase the value of your home. The nice thing about improving the yard is that a lot of it is time that you need to spend instead of...

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4 Ways To Save On Insurance For Student Drivers

Posted by on Mar 18, 2015 in Uncategorized | 0 comments

If you have a young student driver in your home, you’re likely concerned about his or her safety as well as the high costs of insurance. It can be very expensive to insure a new driver if you’re not careful. The good news is that with extra consideration, you can save on insurance costs. Take a look at the following information to better understand some of the ways in which you can save on insurance for student drivers. Choose the Right Vehicle Driving the right vehicle is extremely important. If you own several vehicles, make sure that your teen driver is driving the right one. For example, one with a lot of safety features will offer additional savings. You should also make sure that your teen driver isn’t driving around a brand new vehicle that is still being financed, as the costs can be sky-high. Consider talking to an insurance professional ahead of time to get insurance quote comparisons for all of your vehicles.  Invest in a Safe Driver Course  Student drivers can benefit greatly from a driver education course. They will be able to learn tricks for how to be safer on the road and will be able to learn more about driving techniques and road signs. Your teen driver will not only gain more knowledge, he or she may also be eligable for insurance savings. Most insurance companies offer discounts for individuals who have taken safe driver courses. These courses can be completed both offline and online.  Maintain Good Grades It’s not only important to have good grades so that your child can get into a good school. it can also be beneficial to maintain a good grade point average to be eligible for additional benefits, such as insurance savings. Many companies offer discounts if a teen driver or young adult maintains a B grade point average. Consider offering more driving privileges if your child keeps up with his or her grades.  Stick with One Policy It’s important that you add your child to your own policy. You may think about starting his or her own policy to keep things separate, but this can be very expensive. Most insurance companies offer savings for multi-car and multi-driver policies. The more drivers you have in your home, the more you can save.  These are some of the ways in which you can save on car insurance for your student driver. If you have any additional questions about ways to save, contact a local car insurance professional, such as someone from Northgate Insurance Centre, to learn...

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Skeptic Or Not, You May Find Your Home Insurance Affected By Climate Change

Posted by on Feb 26, 2015 in Uncategorized | 0 comments

You’re aware of many factors that can reduce or increase your premium rates on your home insurance. It may have never crossed your mind that climate change is becoming a factor for insurance companies. Whether you accept the theory of climate change or you’re a total skeptic, weather events in this part of the world are leading insurers to take notice. Hurricanes Eastern Canada is no stranger to hurricanes that barrel up the Atlantic coastline. These usually have an impact on the Maritime provinces, along with Newfoundland and Labrador. However, more unusual events, such as Hurricane Sandy in October 2012, can occur when a storm travels much further inland. Hurricane Sandy brought heavy rain, strong winds, hail and even snow to areas of Quebec and Ontario. That meant some $100 million in property damage in those provinces.  Other particularly noteworthy Canada hurricanes in the 21st century included Juan in 2003, causing $200 million in property damage, and Igor in 2010 at $200 million in damage.  Flooding Many homeowners who are at risk of flooded property don’t buy supplemental flood insurance because it’s expensive. Flooded waterways, high waves and excessive rainwater often cause some of the worst storm damage, including during hurricanes. If your region has been hit by unusual flooding in the past several years, you can be sure that insurance companies are closely monitoring the situation. You should be doing so as well and deciding whether to add flood insurance to your policy.  What Can You Do Next? If you live in an area that appears increasingly vulnerable to serious weather events, it’s never too early to address potential issues with your homeowners insurance policy. Talk with your insurance broker about any upcoming changes your insurer is likely to make in rates or in coverage. Learn whether your policy has any exclusions that would prevent you from collecting on certain types of property damage claims. If you’re not completely satisfied with your current home insurance, get information about policies provided by other carriers and the pricing. You’ll be able to make a smart decision about whether to stay with your current provider or make a change.  In addition, take steps to protect your property from potential storm damage. Have a good sump pump installed and invest in a generator so you can keep that pump running if the power goes out. Have a professional tree service evaluate your trees and remove any large branches that are at significant risk of breaking and damaging buildings or vehicles on your...

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