Comments for Home Insurance Articles | House Insurance News http://www.insuranceway.net/blog Mon, 26 Jan 2009 17:13:49 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Why Home Insurance Is Important When Doing Home Improvement by L J Sutherland http://www.insuranceway.net/blog/home-insurance/why-home-insurance-is-important-when-doing-home-improvement/comment-page-1/#comment-59 L J Sutherland Mon, 26 Jan 2009 17:13:49 +0000 http://www.insuranceway.net/blog/?p=86#comment-59 Wow! I didn't realize that; but it sure makes a lot of sense. Why lose your investment by being under insured. L J Sutherland Wow! I didn’t realize that; but it sure makes a lot of sense. Why lose your investment by being under insured.

L J Sutherland

]]> Comment on Home Insurance Tips for First-Time Home Buyers by Dusty http://www.insuranceway.net/blog/home-insurance/home-insurance-tips-for-first-time-home-buyers/comment-page-1/#comment-47 Dusty Thu, 08 Jan 2009 17:44:09 +0000 http://www.insuranceway.net/blog/?p=8#comment-47 Thanks for interesting article Thanks for interesting article

]]> Comment on Are Your Valuables Protected by Your Home Insurance? by www.CollectInsure.com http://www.insuranceway.net/blog/home-insurance-policy/are-your-valuables-protected-by-your-home-insurance/comment-page-1/#comment-40 www.CollectInsure.com Tue, 06 Jan 2009 16:20:59 +0000 http://www.insuranceway.net/blog/?p=56#comment-40 Designed to protect personal property, homeowners insurance is probably insufficient to safeguard your collection. Homeowners insurance may: 1. Limit personal property coverage to a percentage of the residence value (50-70%); 2. Limit the amount payable for theft of valuable items like silver, crystal, guns, stamps, paper documents and other collectibles; and 3. Not cover losses due to flood, hurricane and earthquake. Even if your collection is covered, you may not be able to make a claim unless you have your collection listed on a schedule. Finally, claims settlement may be based on actual cash value rather than the replacement value of the collectible. If you are utilizing your homeowner’s policy to cover your collectibles, be sure to call your agent or insurance representative to discuss the coverage available under your policy. Put your understanding of the coverage in writing and request a written acknowledgement and comments. The best way to protect yourself is with a separate policy specifically designed to insure collectibles. Designed to protect personal property, homeowners insurance is probably insufficient to safeguard your collection. Homeowners insurance may:

1. Limit personal property coverage to a percentage of the residence value (50-70%);
2. Limit the amount payable for theft of valuable items like silver, crystal, guns, stamps, paper documents and other collectibles; and
3. Not cover losses due to flood, hurricane and earthquake.

Even if your collection is covered, you may not be able to make a claim unless you have your collection listed on a schedule. Finally, claims settlement may be based on actual cash value rather than the replacement value of the collectible.

If you are utilizing your homeowner’s policy to cover your collectibles, be sure to call your agent or insurance representative to discuss the coverage available under your policy. Put your understanding of the coverage in writing and request a written acknowledgement and comments. The best way to protect yourself is with a separate policy specifically designed to insure collectibles.

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