What’s in your policy?

Recently a nearby condominium community in Woodbury, Long Island suffered a major fire loss causing four or five families to lose nearly everything.  Thankfully everyone got out in time and there were no reported injuries.  As I understand, the cause is still being investigated.  Of those displaced included a young family with a newborn who Read more about What’s in your policy?[…]

Protect your home when hosting a bash: 5 tips to protect your assets and guests during holiday parties

CHICAGO (MarketWatch) — As a host, you’re thinking of decorations, food and music when you plan a holiday party. But you might also want to give a moment’s thought to your home insurance. While claims don’t necessarily skyrocket over the holidays, “we do see holiday accidents and liability claims you wouldn’t see ordinarily during the Read more about Protect your home when hosting a bash: 5 tips to protect your assets and guests during holiday parties[…]

Preparing Your Home for Winter

Old Man Winter will soon be unleashing his full fury. Is your home ready for the onslaught of snow, ice and cold winds? If not, the time to prepare is now, before the first storm strikes and your home suffers significant damage from the freezing temps and winter conditions. Typical homeowners insurance policies protect against Read more about Preparing Your Home for Winter[…]

Homeowner Insurance May Leave Art, Wine Collectors Empty-Handed

June 16 (Bloomberg) — When Ross Brudenell began decorating a second home in Abington, Connecticut, with pieces from his $2 million collection of colonial American furnishings, he realized something else needed changing: his insurance. “Collectibles are part of your total assets,” said Brudenell, 68, a semi-retired orthopedic surgeon, who traded a homeowner’s insurance policy from Read more about Homeowner Insurance May Leave Art, Wine Collectors Empty-Handed[…]

NOAA sees up to 14 hurricanes in Atlantic this year

WASHINGTON (Reuters)—The Atlantic storm season could produce as many as 14 hurricanes this year, the U.S. government’s top climate agency predicted Thursday, setting the scene for potentially the most intense season since 2005.Advertisement In its first forecast for the storm season that begins next Tuesday, the National Oceanic and Atmospheric Administration forecast 14 to 23 Read more about NOAA sees up to 14 hurricanes in Atlantic this year[…]

Flood Insurance Program Is Back — for Now

The National Flood Insurance Program By JENNIFER SARANOW SCHULTZApril 19, 2010 – New York Times The National Flood Insurance Program is back in business, at least until May 31. Late last week, President Obama signed legislation that, in addition to extending additional unemployment benefits, also provided a temporary extension of the federal flood insurance program Read more about Flood Insurance Program Is Back — for Now[…]

Common Policy Definitions

All Risk Coverage provides coverage for all causes of loss, with the exception of those specifically excluded in the policy. This option provides for comprehensive coverage whereby even the most abstract events are covered. Named Peril Coverage provides coverage for causes of loss specifically named within the policy. This coverage is very focused with little Read more about Common Policy Definitions[…]

Homeowners Insurance: Special Form vs. Named Peril

You should check your homeowners policy to make sure that your building and personal property is covered on a special form rather than a named peril basis. Named peril means that the policy insures against the sources of loss (perils) that are listed in the policy such as fire, lightning, earthquake, explosion, riot, smoke, vandalism, Read more about Homeowners Insurance: Special Form vs. Named Peril[…]