Homeowners Insurance FAQs

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Water Seepage and Leakage Coverage (What Homeowners Insurance Covers)

Overview: Water damage accounts for close to 20 percent of all property loss insurance claims costing the insurance industry $2.5 billion dollars per year. Water leaks and seepage are generally not included in your standard homeowners policy. According to providers, this type of water damage is caused by a lack of home maintenance rather than...

Overview: Water damage accounts for close to 20 percent of a...

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Why is landlord insurance more expensive than homeowners?

Insurance agents frequently get asked this question. And for good reason – it seems counter-intuitive that you’d have to pay more to insure a home you don’t live in, right? But you also wouldn’t want to pour all your time and income into a rental, just to have it suffer damages you would then have...

Insurance agents frequently get asked this question. And for...

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Why is my home’s replacement cost so high?

Every day in America, insurance agents find themselves answering this very question, and for good reason. There are a variety of factors that can contribute to the high cost of rebuilding a home. Homeowners are bowled over when a property they purchased for $200,000 is required to be insured for $300,000 or more. This is an...

Every day in America, insurance agents find themselves answ...

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Foundation Insurance

Foundation damage to a home can happen at any time. Are you covered? You may be surprised when you get the answer from your insurer. Foundation damage coverage is not automatically covered on most homeowners insurance policies. In many cases, foundation coverage is excluded, and you may have to request to have your policy endorsed...

Foundation damage to a home can happen at any time. Are you ...

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Does flood insurance cover my basement against seepage?

Our flood insurance articles tend to get a few more visits this time of year. After record snowfall this past winter, we’re expecting to field quite a few more inquiries about flood insurance coverage. Many insurance agents will tell you they have a hard time convincing their insured to purchase flood insurance, as many homeowners...

Our flood insurance articles tend to get a few more visits t...

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Does homeowners insurance cover my pool?

You may be asking yourself, like many other homeowners with a pool, “Does homeowners insurance cover my pool?” Having a pool is a dream for many homeowners. After all, a pool can turn the backyard into a sanctuary during the scorching summer months. However, there are some things you must consider regarding your pool when...

You may be asking yourself, like many other homeowners with ...

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Loss Cost Settlement Methods

When you suffer a property loss, whether related to your vehicle or home, you expect to be indemnified, or “made whole again’ by your insurance company. This isn’t a one size fits all solution. This is where some policies can get tricky. If you skimped on coverage to save money, whether knowingly or not, you...

When you suffer a property loss, whether related to your veh...

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Allstate Claim Rateguard Review

Another week, another new product from Allstate, an insurer that always seems to be “innovating” in one way or another. And by innovating, we mean getting more of your money in exchange for more protection from higher insurance costs in the future. Wait, does that even make sense? Let’s break down this new homeowners product...

Another week, another new product from Allstate, an insurer ...

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Nationwide Brand New Belongings Review

Nationwide has really been at it lately with their television advertising campaign. You might recall our recent post about the Nationwide Vanishing Deductible. We like digging into companies for informational purposes. The most recent spot highlights ‘brand new belongings’ coverage on their homeowner, condo, and renters insurance policies. Let it be said that they are an insurance company...

Nationwide has really been at it lately with their televisio...

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Can I get landlord insurance for my home if I move out?

Just the other day we were asked if it’s OK to get landlord insurance for a home if you move out of it and wind up renting it to someone else. This particular individual was worried about doing so because their mortgage loan documents stated that they intended to occupy the home as their primary...

Just the other day we were asked if it’s OK to get landlor...

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Guns and Insurance: What You Need to Know

Let’s tackle a pretty hot topic here in the United States. The more the spotlight focuses on gun ownership, the more questions will pop up here at TTAI about guns and insurance. Lots of people either own a gun in their home or at least their household members do. But even long-time gun owners have...

Let’s tackle a pretty hot topic here in the United States....

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Liberty Mutual Home Protector Plus Review

Liberty Mutual is now offering its “Home Protector Plus™ program” (Liberty Mutual Home Protector Plus form fmho-1183), which, after careful review, is a home insurance policy that offers the same basic types of homeowners insurance as just about every other standard home insurance company in the United States. Through Home Protector Plus, Liberty Mutual offers...

Liberty Mutual is now offering its “Home Protector Plus™...

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Trampolines and Insurance

Owning a trampoline is a blast, except when it comes to insuring it. It doesn’t take a Rocket Science degree to recognize that there is an inherent danger in bouncing 15 feet above the ground in a relatively uncontrolled manner. Anyone who has ever jumped on one of these puppies for more than one continuous...

Owning a trampoline is a blast, except when it comes to insu...

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Does insurance cover my roof if my neighbor’s tree falls on it?

Here’s a cliché, but common insurance question: “Does insurance cover my roof if my neighbor’s tree falls on it?” Fences make great neighbors. Anyone who has had neighbors (which is most of us) can agree that it can be difficult to get along with the people we live next to. Some conflicts are minor. Others...

Here’s a cliché, but common insurance question: “Does i...

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Contents Insurance Limits and Sub-Limits

A homeowner’s insurance policy is designed to protect the average homeowner against the property and liability exposure that results from homeownership. There are millions of homes in the U.S. As a result, insurers have devised some basic policy forms with equally basic coverage that adequately cover the “average” home. (How to read a homeowners insurance...

A homeowner’s insurance policy is designed to protect the ...

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Green Tree Home Insurance Advantage Review

We’ve mentioned time and again that insurance is mostly a “marketing” business. While various companies can offer somewhat unique service and minor coverage tweaks, at the end of the day, there isn’t much difference between what’s available to homeowners in the way of insurance. Homeowners can purchase a bare-bones homeowners insurance policy or opt for...

We’ve mentioned time and again that insurance is mostl...

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What is a mortgagee clause?

You might be familiar with this term if you “own” a home, but still owe money to the bank via your mortgage. Let’s square away some basic mortgagee clause definitions before we go into detail. Mortgagor: This is you. The borrower. Mortgagee: This is your lender. It may be a bank, credit union or any...

You might be familiar with this term if you “own” a home...

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GEICO Home Insurance Review: Is It From GEICO or Another Company?

Things To Know GEICO home insurance is actually sold through GEICO’s insurance agency and is underwritten by other companies GEICO home insurance claims are handled by the company responsible for underwriting, and not GEICO directly While you can’t buy home insurance from GEICO directly, you may still be able to get a bundling discount You...

Things To Know GEICO home insurance is actually sold through...

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Do I have to tell my homeowners insurance company I have a dog?

An Insurance Policy Is a Contract Insurance Q&A: “Do I have to tell my homeowners insurance company I have a dog?” Drum roll…Yes. But you already knew that. Keep reading if you want to know why. The average homeowners policies state on their contracts that basically, in exchange for consideration (i.e. your money) the insurance...

An Insurance Policy Is a Contract Insurance Q&A: “...

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Switching Homeowners Insurance Companies When You Have a Mortgage

It’s pretty safe to say most American homeowners have a mortgage loan. And those of us with a mortgage realize that we don’t actually own our home…the bank does. Right? This is why it’s necessary to list your lender’s “interest” in your home on your insurance policy. You may remember your insurance agent asking for your mortgagee...

It’s pretty safe to say most American homeowners have a mo...

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