SmartHome Essential is one tool you can use to give your home and your family the protection they need. Your home is the shelter and security of your family. Providing it with protection is not a luxury but a practical investment. It does not matter whether you are a homeowner, the landlord or even just [...]
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Keeping your policy up-to-date
When you buy a satisfactory policy, see to it that the cover remains adequate and up to date. Most insurers index-link your insured sum automatically to account for changes in rebuilding costs. But to make sure, double check if yours do. Tell your insurer if you have done changes in your home like installing central [...]
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Subsidence
Subsidence is when the soil supporting the house sinks. It is caused by certain soils, vegetations, leaking drains, mines, heave (upward movement of the ground) and landslip (downward movement of the ground). If your house is subsidence-prone, your premiums will be higher because the risk is higher. But you could be able to insure if [...]
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The Biggest Home Insurance Mistakes
Normally, homeowners spend time to go with their real estate agent looking for the perfect home. At the same time, they also meet with a mortgage professional regarding their options financially. Unfortunately, they tend to overlook the importance of meeting an insurance agent for coverage discussion. In the process, they are not able to insure [...]
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Tips on Buildings and Contents Insurance (Part 2)
Be careful of blanket cover packages that some insurers offer. The insurance is based on the number of rooms that is in your house. You may pay them more than what is necessary. Research for better quotes. You could do this by checking online sites, talking with people, your relatives, your friends or those in [...]
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Tips on Buildings and Contents Insurance (Part 1)
Does rebuilding your house cost the same as its market value? Of course not! It must be less than half, but if you’re not careful, you’ll pay a higher price. Talk with your insurer and know the facts. Do not underinsure your possessions and contents. Even the oldest of your furniture is expensive to be [...]
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Liability Insurance
Liability insurance is insurance that pays for the damage that you do to others or that others do to themselves on your property. Example: you are held responsible for a car accident in which somebody is paralyzed. If you are insured, you will not pay for that person’s medical expenses, lost income and care. If [...]
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Green Home Insurance
Having a green home insurance used to be just a thought. Not anymore because Fireman’s Fund Insurance Company made it possible by offering two types of Green-Gard home insurance. The company will cover the cost of replacement for insurers whose buildings are already green-certified or with particular green features. As added attraction, the company is [...]
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Limitations of a Home Insurance Policy
It is inevitable that home insurance policies may have disputes and limitations. Majority of home insurance providers recommend that the amount of the insurance is 100% of its replacement cost. If there will be a discrepancy in handling a claim, it is best to contact the insurance company. Proper documentation is the right thing to [...]
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The Biggest Home Insurance Mistakes
Normally, homeowners spend time to go with their real estate agent looking for the perfect home. At the same time, they also meet with a mortgage professional regarding their options financially. Unfortunately, they tend to overlook the importance of meeting an insurance agent for coverage discussion. In the process, they are not able to insure [...]
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