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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? We’ve shared with you the importance of understanding your home owner insurance policy as well as different types of deductions you may be entitled to under said policy. We’ve also given some advice on travelling smart, fire safety tips and vacation preparedness to help protect your home, especially when you’re away.
Today let’s talk about the importance of insuring a vacant home. First though, we’ll look at some instances when you may have a vacant home to insure….. Much like home insurance, a mobile home policy insures against losses from fire, windstorm, hail and other standard perils.
Let’s look at a few differences in a Home and Mobile Home Insurance policy…. You’ve purchased your homeowner policy, documented all your contents and personal property and you feel good knowing you’re protected.
Then you have a loss and find your priceless artwork, firearms and electronics are not covered to their full value. Little did you know, but you should have had a Scheduled Personal Property endorsement to cover these items. In this article, we’ll talk about the categories of personal property and the special limits of liability that are on each on a standard homeowner policy. Most states require liability insurance on automobiles and other vehicles registered for highway or “on road” use. Financial institutions usually require Comprehensive and Collision insurance to protect their interest in a vehicle. These three coverages are what many consider “full coverage.” However, in the insurance industry, “full coverage” means a whole lot more.
In this post we’ll discuss what “full coverage” auto insurance entails. Before we get too far into this blog post, let me clarify that a Motorhome is usually covered under state mandated insurance laws just as an automobile is. Since it is a vehicle licensed for on-road use, there are specialized policies for motorhomes; therefore, the information below pertains more specifically to a RV or Camper.
Most finance companies will require boats to be insured throughout the length of the loan. However, many folks discontinue their insurance once that is paid off and some who buy their boat outright never think to insure it.
Many people operate under the misconception that between their auto and home insurance, their boat, motor, trailer and contents are covered. Not so! |
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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