Get a Better Understanding: What Makes a Balanced Insurance Program

Get a Better Understanding: What Makes a Balanced Insurance Program

A well-balanced insurance program is the best way to get your insurance to work for you, instead of against you.

There are some major risks that you take on the second you become a homeowner that never go away. Should they happen, you may be in some major financial trouble. They include the following: major medical bills, destruction to your residence, major damage or destruction of your residence, major lawsuits, disability, and more.

Your insurance program lies in the balance of each of these major risks without spending too much in one area or the other.

Being in balance is very important. For example, one may have a good medical plan with high limits, but no coverage in the long-term disability sector. They may have $1 million for the one that brings home the bacon, but have nothing for the one that sets the table. Their home may be fully covered, but have only $100,000 for lawsuits and no umbrella policy.

Having the right insurance agent is critical for the having the correct policy. By having the right agent, they are able to tell you whether or not you are being covered in the right places, or paying too much for something you don’t really need.

For all of your homeowners insurance needs to ensure you have the right slip and fall liability coverage and balance, contact Miller Insurance Associates in Carlisle, Pennsylvania.

When Do I Need to Update My Home Insurance?

Updating Your Home Insurance Carlisle PAHomeowners should protect their home with accurate insurance coverage.

When it comes to taking care of your large asset, your home, there’s more than enough to do to keep busy! Unfortunately, most homeowners tend to forget the most protective, most helpful precaution – home insurance. This coverage is designed to protect your home and assets in the event of a disaster.

Below are some circumstances in which you should review your home insurance coverage to ensure that are continuously protected.

A New Home
Coverage for your home is imperative. If you buy a new home, be sure that you receive the insurance that covers your home’s estimated reconstruction costs and not its current market value.

Remodeling
Whether you’re renewing your bathroom or adding an outside deck, major home renovations usually boost your home’s value. This value should be reflected in your insurance coverage. Be sure to update your insurance when you update your home.

New Purchases
If you have recently bought a pricey TV or a flashy necklace, talk to your insurance agent. While your home insurance can cover valuables against loss or theft, coverage is only provided up to a certain limit.

Lifestyle Changes
Certain life events may alter your assets and risk tolerance, which can change how much insurance coverage you want. For example, if you have retired or quit smoking you may be eligible to receive a discount on your insurance.

Now that you know when to update your home insurance, ensure that you have the proper coverage at the present time. Contact Miller Insurance in Carlisle, Pennsylvania for all of your insurance needs.

Did You Know Homeowners Insurance Covers Additional Living Expenses?

Did You Know Homeowners Insurance Covers Additional Living Expenses?Your homeowners insurance policy offers an additional protection: additional living expenses.

As a responsible homeowner and family member, you’ve purchased a homeowners insurance to protect the equity you’ve built in your home and to safeguard your family against financial burden. That policy would step in after a disaster, helping you rebuild and replace your personal property, ultimately preserving your quality of life.

If you’ve thought through that full scenario, though, you’ve probably realized there’s another expense your family could face. While your home is being rebuilt, you may need stay in a hotel. As that bill adds up, could you handle it?

You won’t have to! Your homeowners insurance policy contains additional living expenses coverage, which will not only cover the housing costs you incur while unable to live in your home, it can even pick up the tab for the extra money you spend on food without your kitchen!

To learn more about how your additional living expenses coverage can protect your family, contact Miller Insurance Associates. Our Carlisle, Pennsylvania team is here to make sure you know how to make the most of all the benefits your homeowners insurance policy offers!

Are You Prepared For National Preparedness Month?

Are You Prepared For National Preparedness Month?Prepare your family for a disaster during National Preparedness Month.

September is National Preparedness Month, making it the perfect time to focus some time and energy on making sure your family is ready for a disaster. Here are just a few steps to making sure you’re ready for whatever comes.

  • Plan: As a family, sit down and talk about what you would do in the face of a disaster. Set up a meeting place in town to gather if you get separated, and designate one out of town in case your entire city as affected by the disaster. Have everyone commit a few emergency contact numbers to memory, too.
  • Create A Kit: Build a disaster preparedness kit but filling a bag you could quickly grab with water, nonperishable food, toilet paper, flashlights, a radio, batteries, a first aid kit, and other necessities.
  • Stay Informed: The more advance notice you have of a disaster, the better you’ll be able to respond. Make sure you have at least one source for receiving daily news about local weather and events.

A key component of preparing for a disaster is getting the insurance coverage you need. With the right policies, you can rest easy knowing your family can weather any storm with financial stability. To get the coverage you need in Carlisle and throughout Pennsylvania, contact Miller Insurance Associates!