Most Expensive Home Insurance Claims

Filing these types of home insurance claims will cause your rates to increase toy home next to stack of coinssignificantly.

While filing any type of homeowners insurance claim will raise your rates, some types of claims will do more damage than others.  Watch out; filing these types of home insurance claims will result in significant premium increases.

  • Damage Claims

There are many perils that can result in property damage. Oftentimes, these types of claims are very expensive.  For instance, fire damage claims are the most expensive, resulting in an average premium increase of $273. Water damage claims are also very costly, increasing premiums by an average of $228.  Finally, weather damage claims are also quite expensive and result in an average rate increase of about $107.

  • Liability Claims

Personal liability claims will also cause your insurance premiums to increase significantly.  For instance, a single liability claim will result in an average premium increase of about $260.  Personal injury or medical claims are also pretty expensive, with a single claim resulting in an average premium increase of about $76.

  • Theft Claims

Finally, filing a theft claim will cause your homeowners insurance rates to increase considerably.  A single theft claim will result in an average premium increase of approximately $253.

These are the most expensive types of homeowners insurance claims.  Do you have more questions about your home coverage?  If so, then contact the experts at Miller Carlisle Insurance Services.  Our expert team is ready to assist you with all your home insurance needs today.

What to Do When Switching Auto Policies

Take these steps when switching to a new auto insurance policy.looking up auto insurance online

There are many reasons why you may want to switch to a new auto insurance policy.  For instance, you may be moving to a new state, want to set higher coverage limits, or want access to cheaper rates.  Whatever your reason, it’s important that you don’t leave yourself vulnerable during your insurance transition.  To maintain your coverage, here are some of the important steps to take.

  • Determine Your Best Time to Switch

The easiest time to change insurance carriers is when your current policy is up for renewal.  At this point, you will simply inform your carrier that you do not want to renew your policy.  Then, all you need to do it ride out your remaining coverage period, and your policy will be officially canceled.   However, you also have the option to cancel your auto policy outside of renewal periods.  All standard auto insurance policies include a provision that allows you to cancel your policy at any time, so long as you give your carrier proper notice.  Cancelation protocols are different for every insurer, but many will prorate your latest premium up to your cancelation date.  Additionally, many insurers will charge you a cancelation fee to cover administrative costs associated with canceling your coverage mid-cycle.

  • Choose and Activate Your New Policy

It’s not advised to cancel your auto insurance policy before having a replacement in mind.  When shopping for a new auto insurance provider, make sure you secure several quotes so you can compare different carriers’ coverage options, coverage limits, deductibles, discounts, and so on.  Once you have found your new auto policy, it’s important that you sign off on this coverage before taking steps to cancel your old policy.  While your coverage will overlap for a short period, taking this precaution will help you avoid any gaps in your car insurance.  Because coverage gaps equate to higher auto insurance premiums, it’s actually more cost-effective to pay for double-coverage temporarily than risk a gap in your insurance record.

These are some of the steps that you should take when switching auto insurance policies.  Do you have questions about your car coverage?  If so, then contact the experts at Miller Carlisle Insurance Services.  Our agents are ready to assist you with all your coverage needs today.

How You Can Lower Your Auto Insurance Rates This Year

Easy ways to lower your auto insurance rates in 2020.toy car next to calculator

Now that the new year is here, it’s time to start working towards your resolutions.  If you challenged yourself to spend less money this year, then you may be looking for ways to cut costs.  One way that you can save money is by lowering your car insurance premiums.  To save on your auto coverage, try out these suggestions.

  • Pay Your Premiums All at Once

Typically, auto insurance premiums are given in six-month terms.  While you have the option to pay your premiums in monthly installments, you may be able to save by paying your premium all at once.  Many car insurance carriers offer discounts to policyholders who agree to pay the whole six-month premium upfront.

  • Bump Up Your Deductible

Your deductible is the amount of money that you agree to pay towards insurance claims before your coverage kicks in.  The higher the deductible you assume, the lower your premiums will be.  If you can afford to increase your deductible this year, then do it so you can save on your auto policy.

  • Cut Back on Driving

The more you drive, the higher your auto insurance premiums will be.  This is because the more you drive, the higher your risk for accidents and vehicular damage.  By cutting down on the miles you put on your car, you can actually reduce your auto insurance premiums.  As an added bonus, driving less also saves you money on gas and helps the environment.

These are some of the policy and life adjustments that you can make to save on your auto insurance this year.  Do you have more questions about your car coverage?  If so, then contact the experts at Miller Carlisle Insurance Services.  We are ready to assist you with all your auto insurance needs today.

What to Know About Business Insurance and Rental Property

Does commercial property insurance cover rental spaces?smiling small business owner

While every business faces different risks that require unique insurance solutions, there are certain types of coverage that are considered universal.  For instance, if your business is operating out of a physical location, then you need to secure commercial property insurance to protect your building.  But is this true when you are only renting your business’s space?  Here’s what you need to know.

  • Commercial Property Insurance

Commercial property insurance is coverage that protects a company from losses related to physical damages to their building and other property such as equipment, supplies, inventory, furniture, and so on.  Business owners who own the building that they operate out of need to secure comprehensive commercial property insurance to protect the structure, contents, and other assets that their company owns.

  • Insurance for Leased Buildings

Many businesses do not own the building that they operate out of.  In this case, they lease a building or a portion of a building from a landlord.  In most cases, tenants are responsible for securing commercial property insurance to protect their rented space.  This includes important things like structural walls and fixtures.  Of course, their insurance should also provide coverage for their equipment, supplies, inventory, furniture, and other assets.

Landlords will typically lay out their tenants’ insurance requirements in the lease agreement.  So, your landlord will tell you the minimum amount of commercial property insurance that you need to secure in order to rent from them.  Please note that when you secure commercial property insurance on a rented property, you are not covering yourself.  Rather, you are protecting your landlord’s investment.  If you want financial protection for your business, then you should speak to your insurance provider and secure a separate policy to cover your losses.

This is what you need to know about commercial property insurance and rented spaces.  Do you have more questions about your business’s insurance needs?  If so, then contact the experts at Miller Carlisle Insurance Services.  We are ready to assist you with your commercial coverage needs today.

Why You Need Liquor Liability Coverage for Your Holiday Party

What is host liquor liability insurance?pouring glasses of champagne

Throwing a company holiday party is a great way to celebrate the end of the year and boost your employees’ spirits.  However, if you plan on serving alcohol at your company event, then you are leaving yourself open to serious risks.  To protect your company, you need to invest in host liquor liability insurance.  Here’s what you need to know about this specialized coverage.

What Does Host Liquor Liability Insurance Cover?

Businesses that allow alcohol to be consumed onsite or at an event that they are hosting are liable for the damage or injuries that intoxicated individuals cause following the event.  Business owners can protect themselves from this risk by securing host liquor liability insurance.  This type of insurance offers coverage for any third-party damages or injuries caused by intoxicated employees or party guests, ensuring that your business will not have to pay for these expenses out-of-pocket.

Does My Business Need This Coverage?

Some states have enacted laws that hold party hosts liable for the damages caused by an inebriated party-goers.  These states include the following:

  • Alaska
  • Arkansas
  • Connecticut
  • Hawaii
  • Maine
  • Maryland
  • Massachusetts
  • Missouri
  • New Jersey
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Washington
  • Wisconsin

If your business is located on one of these states, then you absolutely cannot afford to skip out on host liquor liability.  However, even if you don’t operate a business within these states, you are still highly encouraged to carry host liquor liability insurance.  This is because an injured party can still sue you for the damages an intoxicated employee causes following a company party.  Host liquor liability insurance will cover your legal fees and minimize the negative impact that such a case has on your company’s reputation.

This is what you need to know about host liquor liability insurance.  Looking for assistance with your business insurance this holiday season?  If so, then contact the experts at Miller Carlisle Insurance Services for assistance with your commercial coverage needs today.

Common Holiday Home Insurance Claims

Don’t ruin your holidays with an insurance claim.living room decorated for the holidays

For most people, the holidays are all about having fun and celebrating with the family.  However, homeowners insurance agents know that the holidays are one of the most dangerous times of the year.  To ensure that your holiday isn’t ruined by damage, injuries, or other insurance issues, then watch out for these common types of claims.

  • Fires

During the holiday season, many homeowners light up candles or get a fire going in their fireplaces to create a cozy vibe.  Unfortunately, many homeowners forget to snuff out their candles or accidentally leave their fires burning after they go to bed.  This can often lead to nearby items igniting and a fire spreading throughout the home.

  • Burst Pipes

If you live in an area that experiences very cold winters, then your pipes are at risk for freezing over and bursting this holiday season.  Every year, insurance companies get an influx of claims to address the water damage caused by burst pipes.

  • Theft

There are more theft claims in December than any other month of the year.  This is because many burglars wait for the holiday season because they know there is a greater chance of expensive gifts being in the home.  Sadly, instead of waking up to a pile of presents under the tree, many homeowners wake up to a ransacked home instead.

Watch out for these common holiday home insurance claims.  Want to get covered for the holidays?  Then contact the experts at Miller Carlisle Insurance Services.  Our dedicated team is eager to assist you with all your home coverage needs today.

What Home Burglars Target During Break-Ins

What do criminals look for during a home burglary?person breaking into a home

As a homeowner, the idea of someone breaking into your home and going through your things is violating.  To make the situation even worse, break-ins often result in significant damage and the loss of valuable items.  While you cannot always prevent a break-in from happening, there are steps that you can take to protect your valuables from being stolen.  Here are some of the most commonly stolen household items and what you can do to protect them.

  • Personal Devices

Laptops, tablets, and smartphones are common targets during a home break-in because these items are easy to grab and can be re-sold at a good price.  Because we use our personal devices on a daily basis, it is inconvenient to lock them up whenever we leave home.  However, you can still protect these devices by hiding them when they are not in use.  Additionally, you can invest in other security measures like alarms and laptop locks.  You should also take steps to protect the personal information on your devices by securing your devices with a strong password and good encryption software.

  • Televisions

HD and 4D televisions are becoming popular with burglars because they are valuable, more lightweight than older tv models, and more common in households than ever before.  While you cannot conceal your television, you can make it harder to remove from your home by attaching it to a secure wall mount.  You can also go the extra mile by installing a tracking device on your tv so you can locate it if it is stolen.

  • Gaming Systems

Most homeowners keep their gaming devices out in the open, so they are easy to set up and play.  However, this makes them an easy target for burglars who are looking to grab and go.  One of the best ways to protect your gaming devices is by packing them up and storing them out of sight when they are not in use.  You may even want to consider locking them up to further reduce the chance of them being stolen.

Take these steps to protect these commonly stolen household items.  Are you looking for another way to protect your belonging from burglars?  If so, then secure the right homeowners insurance.  For assistance with all your home coverage needs, contact the experts at Miller Carlisle Insurance Services.  We are ready to get you covered today.

How to Protect Your Business from Fire

Take these steps to reduce your business’s fire risk.fire alarm in business

Fires are one of the most serious and costly perils that businesses face.  Not only do business fires result in damage to your building and equipment, but it can also put the safety of your employees and clients at risk as well.  This is why it is so important to make fire prevention a priority.  Here are some of the steps that you should take to protect your business from fire.

  • Check Fire Extinguishers

All businesses are required to have functional fire extinguishers on their premises.  As such, you need to inspect and maintain your extinguishers according to your local fire code.  Additionally, you need to train all your employees on how to operate a fire extinguisher in the event of an emergency.  When your business’s fire extinguishers function properly, and your employees know how to use them, your risk for a serious fire decreases significantly.

  • Install a Fire Sprinkler or Suppression System

Fire safety regulations require all businesses to have a fire alarm system.  However, you can go the extra mile by installing a sprinkler or fire suppression system at your business.  These systems react to fire alarms by spraying water or a chemical fire suppressant to extinguish fires.  So, by installing one of these systems, you can add an extra layer of fire protection for your business.

  • Inspect and Maintain Equipment

Faulty equipment is a common cause of fires in the workplace.  To avoid this issue, you should inspect your machines and equipment routinely.  During your inspections, you should also take the time to clean, oil, and complete other maintenance tasks.  This will keep your business equipment in good shape for as long as possible.

These are some of the fire prevention strategies that you should employ at your place of business.  Are you looking for assistance with your commercial coverage?  If so, then contact the experts at Miller Carlisle Insurance Services.  We are ready to get you the business insurance that you need today.

Understanding Non-Owners Car Insurance

What does non-owners car insurance cover?exchanging car key with a driver

If you don’t own a car, then you may assume that you don’t need auto insurance.  However, if you drive other people’s cars or use car-sharing services, then you need the protection offered by a non-owner car insurance policy.  But what exactly does this type of insurance cover?  Here’s what you need to know.

Coverage Details

Non-owners car insurance offers liability coverage when you are driving a vehicle that is not yours.  Liability coverage will pay for third-party injuries and damages that you may cause during an accident.  Please note that non-owners car insurance will not cover any injuries that you or your passengers sustain during an accident.  Additionally, you will not have any coverage to pay for damages to the car you are driving.

Who Needs This Coverage?

Non-owners car insurance isn’t right for all drivers.  However, you may want to consider securing this coverage if you:

  • Need an SR-22 or FR-44– If you don’t own a car but need your license reinstated, then you can secure non-owners car insurance to meet the insurance requirements necessary to file an SR-22 or FR-44.
  • Use Car-Sharing Services– If you use a car-sharing service such as Zipcar or Car2Go, then the company will offer you limited liability coverage. To supplement this coverage, you can secure a non-owners policy to ensure that accident costs do not come out of your own pockets.
  • Want to Maintain Coverage– If you have a gap in your car insurance coverage, then this will mark you as risky to insure. If you are getting rid of your car, but don’t want to have a gap in your coverage, then you can secure a non-owners policy to tide you over.
  • Rent Cars Frequently– If you often rent cars, then having a non-owners insurance policy may be cheaper than buying liability insurance through the rental company. Remember, non-owners policies will not cover damages to your rental car, so you will still need collision and comprehensive coverage from the rental company.
  • Borrow Other’s Car Frequently– If you often borrow your friends’ or family members’ cars, then their insurance will cover you in an accident. However, the cost of a crash may exceed their liability coverage limits.  By securing a non-owners policy, your liability coverage can supplement the car owner’s insurance.

This is what you need to know about non-owners car insurance.  Do you have additional questions about this special form of auto coverage?  If so, then contact the experts at Miller Carlisle Insurance Services.  We are ready to assist you with all your car coverage needs today.

Home Insurance Policy Endorsements for Your Consideration

Secure these insurance endorsements to extend your homeowners insurance coverage.file labelled "home insurance"

Many homeowners make the mistake of assuming that their insurance covers every risk that they may encounter.  However, all insurance policies have coverage limits, and not knowing yours could leave you exposed to major threats.  Fortunately, homeowners have the option to secure policy endorsements to supplement their home insurance.  Home policy endorsements allow you to extend your homeowners coverage for specific losses for an additional premium.  But with all the endorsements out there, how do you know which ones are right for you?  Here are some of the most popular endorsements for your consideration.

  • Scheduled Personal Property

If you have high-value items that cannot be covered by your standard personal property coverage, then you can secure additional coverage by scheduling these specific items on your home policy.  This will ensure that high-value items such as jewelry, electronics, fine art, and so on are covered for their full value.

  • Sewer Backup

A sewer backup can cause considerable water damage to your home and can also pose a major health risk to your loved ones.  Unfortunately, standard home insurance will not cover the cost of dealing with sewer backup damage.  However, by securing a sewer backup policy rider, you can secure coverage for water damage and remediation efforts.

  • Home Business Endorsement

If you are running a business out of your home, then your insurance will not cover anything related to your business.  Rather than securing a totally separate business insurance policy, many home insurers offer the chance to secure a home-based business insurance endorsement to cover your business equipment, supplies, and legal liability.

These are some of the home insurance policy endorsements that you should consider.  Are you looking for assistance with your homeowners insurance?  If so, then contact the experts at Miller Carlisle Insurance Services.  We are ready to get you covered today.