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Over the last year or so we’ve done posts on insuring your home, mobile home and even a vacant home. We’ve discussed binding restrictions and scheduled personal property as well as policy deductibles, endorsements and possible discounts.
One thing we haven’t discussed is a Builder’s Risk and/or Builder’s Risk Renovations policy. If you’ve been talking to a bank or mortgage company about financing the construction of your home, you may have been told you’ll need a Builder’s Risk policy and wondered what in the world that is. We’re here to help! Purchasing a new home can be fun and exciting, it can also be fraught with fears, insecurities and too many things on your ‘to do’ list. Many people get all caught up in the excitement and forget one of the most important aspects of buying a new home–Insuring it!–then, in a panic, accept the first quote they receive, not understanding the basics of a home insurance policy.
Don’t be one of them. If you call for a home, mobile home, or flood policy or to add comprehensive and/or collision insurance to your auto policy and are told no because the company is under binding restrictions, it may confuse or even irritate you.
What in the world are binding restrictions and why do insurance companies implement them? Whether you think of moving as a grand adventure or one of the most stress-filled undertakings you ever endure, changing locations is something many of us do at least once in our lifetime. We’ve compiled a few tips to help you transition a little more smoothly.
Last year we talked a couple of times about safety and travelling. We gave you some Hurricane Evacuation Tips and Vacation Preparedness Tips. We also shared Holiday Safety Tips, Fun in the Sun Safety Tips and Tips for staying safe at Festivals.
As all of these tips revolve around travelling – even though that may not be far from home – I thought it would be great to condense the above-mentioned tips into one, easy-to-find article. You’re not quite ready to buy but anxious to be out on your own, and have finally found the perfect place to rent. Your lease agreement says you must maintain ‘Renters’ or ‘Contents’ insurance. You call your agent and purchase the coverage, but don’t fully understand what you’ve got.
Renters or contents coverage offers many of the same features as home insurance. Hopefully you’ll get a better understanding of your policy from this post. Over the last couple of weeks we’ve done posts to (hopefully) explain the basics of Auto and Life insurance. Today we’ll discuss homeowner coverage.
A home insurance policy is broken down into six parts (A, B, C, D, E & F) but what do they all mean? Read on to find out….. Many people wait until the last minute to gather necessary items in preparation of a named storm or hurricane. Don’t be one of them!
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Tommy Curtis
Is an insurance agent with integrity and your best interest in mind. Call to speak directly to him. Contact us Phone: 337-433-1683 Address: 509 7th Street Lake Charles, LA 70601 Office Hours: M-F 9a - 5p (CST) Follow Us
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