Wind Storms, Trees and Home Insurance

Picture via LancasterOnline (Dan Marschka/Staff)

According to LancasterOnline, this most recent Lancaster, PA storm had winds up to 70 mph and may have caused nearly $2 million in damage. Much of the damage was caused by fallen trees and many people are filing home insurance claims to pay for the damage and clean up. However, a standard home insurance policy does have coverage limitations for damage caused by trees and for trees themselves. Make sure to understand these coverages and limitations before submitting a home insurance claim to avoid any surprises. (more…)

Posted at 2pm on 7/28/10 by Chris Vogt
no comments; | Filed Under: Current Events, Homeowners Insurance | Tagged: , , , , | read on

The Truth About Renting and Insurance

One of the most common insurance myths is that a landlord’s insurance policy will also provide insurance coverage for a renter.  Did you know that if your apartment building burned down you would have no insurance coverage for any of your personal belongings under the landlord’s policy? Even worse, if you happened to be liable for the fire, you would be financially responsible for the damages to the building and possibly more. This could end up costing hundreds of thousands of dollars and could financially devastate someone. Fortunately, renters insurance is one of the most affordable insurance policies on the market and it can provide you protection from this type of situation and more. (more…)

Posted at 1pm on 7/21/10 by Chris Vogt
no comments; | Filed Under: Homeowners Insurance, Insurance Savings Tips | Tagged: , , , , , | read on