Tag Archives:Homeowners Insurance
What is Off Premises Theft Coverage?
What do you do if your car is broken into and your briefcase, dry cleaning and your favorite guitar are stolen? Can you claim it under your auto insurance? No! You need Off Premises Theft Coverage!
It’s On Your Homeowner’s Insurance
Your personal property is not covered under your car’s insurance policy. One way to cover your belongings is with the Off Premises Theft endorsement.
Off Premises Theft coverage can be added to your homeowner’s or renter’s insurance policy. It will cover you for theft of your belongings that are TEMPORARILY away from your home. Examples of this would be property in your vehicle or at a vacation condo or hotel. Let’s say you are on vacation and your camera is stolen from your hotel room. Off Premises Theft could pay for this loss, less your homeowner’s insurance deductible. The limit of coverage is usually 10 percent of the personal property limit on the home policy.
You Need To Ask Your Agent
You will want to ask your insurance agent about the cost to add this endorsement. The endorsement may already be part of your policy. If you would never consider making such a claim, you may be able to remove it and lower your premium.
Avalon Agency is an independent insurance agency serving the tri-state area for over 50 years. Please visit us at www.avalonagency.com or call us at 914-234-5678 for a quote!
Posted: Cynthia
Categories: Car Insurance, Connecticut, Home Insurance, Insurance, New Jersey, New York, New York Insurance, Personal Insurance, Pound Ridge NY, Renters Insurance, Uncategorized
Fire Insurance
Fire Insurance has an interesting history. You can look back as far as King Hammurabi or the 1666 great fire of London which sparked (no pun intended) the idea to offer fire insurance for buildings and homes.
History of Fire Insurance
Fire was the primary peril covered in early insurance policies. American insurance companies followed the British model, but not for another hundred years. It seems that the lives of those who were brave enough to venture to the new world were far too dangerous a risk for the UK companies at that time.
My family has been involved in the volunteer emergency services since 1998. Fire stands out in our minds as a prevalent threat to homeowner’s and business owners alike. Most of you may consider theft or weather damage more likely to cause a loss. It’s a matter of perspective, but having both the insurance and the fire service experience under our belts, we can’t help but put fire at the top of the list.
A Devastating Loss
This call came in around 3:30pm one afternoon in 2012. It was a structure fire at a private home. When I heard it come over the radio that the fire was through the roof, I knew the house was lost.
What the FD rolled up on
Credit to www.lohud.com and The Pound Ridge Fire Department for the photos of the fire.
The cause of the fire was never confirmed due to the amount of damage. It’s always so sad to see a beautiful home lost like this. It just punctuates the importance of keeping your home insurance current.
Some Recommendations
You should have smoke alarms on every level and wing of your home. Fire extinguishers should be located where all household members and guests can access them. You can install a central station fire alarm system and have it monitored so that the authorities can be called automatically if a fire breaks out. You should practice escape routes with your loved ones so they know them in the event of a fire. If a fire starts, GET OUT OF THE HOUSE. Then call 911.
We want to help make sure you have the right amount of coverage. Call us for a free Homeowner’s quote and comparison of your current coverage.
Posted: Cynthia
Categories: Business Property Insurance, Connecticut, Firefighting, Home Insurance, Insurance, New Jersey, New York, New York Insurance, Personal Insurance, Pound Ridge NY, Renters Insurance, Safety
The Perils of Short Term Rentals
Have you decided to rent your home short-term? It sounds like a great idea, as long as you trust that your fellow humans will treat your property as you would.
Have you signed up with Airbnb or VRBO? They can offer you the opportunity to benefit from doing just that.
If you are thinking about just such an adventure, there is one important question you need to ask. What sort of insurance coverage you will have while your home is occupied by your guests?
The best-known of these companies offers primary personal liability and property damage coverage. But coverage will only respond when renters who have signed up through the company’s website are occupying the premises. If you develop a relationship with a renter and want to rent to them outside of the website, that coverage may not respond.
The same will probably be true of your current home, condo, co-op, or renter’s policy. You should speak to your insurance agent to confirm. For the most part, your personal home policy will exclude most of the exposures that arise from the short-term rental.
Many insurance companies do offer coverage for rental homes. Make a point of speaking with your independent insurance agent. The most important thing is that you are covered properly in the event of a loss.
Call Avalon Agency for a quote for your New York or Connecticut insurance coverage.
Posted: Cynthia
Categories: Connecticut, Home Insurance, Insurance, Liability Insurance, New York, New York Insurance, Personal Insurance, Pound Ridge NY, Renters Insurance, Uncategorized
Spring Cleaning & Insurance Review Time
Did that recent, brief, breath of warm weather inspire your annual Spring cleaning urge? We think it’s also a great time for an insurance review. (more…)
Posted: Cynthia
Categories: Car Insurance, Cars, Home Insurance, Insurance, New York, New York Insurance, Personal Insurance, Pound Ridge NY, Safety
Happy Halloween (almost!)
Avalon Agency Window
We’re looking forward to Halloween! Here in town, children come and trick-or-treat at the local businesses. We bought over 2000 Dum Dum lollipops and can’t wait to greet all the witches and super heroes that come to our door.
Posted: Cynthia
Categories: Cars, Connecticut, Home Insurance, Insurance, New York Insurance, NY Business Insurance, Personal Insurance
