Why Your Homeowners Insurance Policy Should Change along with Your Home

Even after purchasing a home and settling in well, your new home never really stays the same. Over time, a number of changes will be made, be it as a result of financial growth, marriage, or the presence of children. These changes can then increase the value of your home to twice what it used to be. It is important to change your homeowners’ insurance policy as more changes are made to your home. In the event of an emergency, accident, or any other unforeseen circumstance, this can protect you financially and serve as an incredible contingency plan as time goes on.

Home Insurance Policy

You might be wondering why an update to your homeowners’ insurance even matters. Here are some things to consider:

· There are certain improvements that could enhance the value of your home. For example, the addition of a mini quarter in the backyard of your home or the installation of a pool can enhance the value of your home, which is why you need an updated or different homeowners insurance policy.

·Also, the purchase of expensive items such as furniture, electronics, home appliances, and so on might require extra coverage insurance-wise. This is because they also need protection as much as the house itself in the event of any natural disasters.

·Just as the purchase of expensive things in the home needs more coverage, so do the valuables you possess. Valuables such as jewelry, family heirlooms, antiques, and expensive artwork are not always covered by the basic homeowners insurance policy, which is why a floater or rider will be needed as an addition to your policy for coverage.

· It is also important to be aware that you will be held legally responsible for the actions of whoever drinks in your home and is then involved in an accident. So, you have to be sure that your homeowners’ policy protects you against lawsuits or other damages in case you find yourself in such a situation. If your policy doesn’t offer this protection, it’s worth updating it.

·Certain items that could end up causing someone an injury in your home, such as a trampoline or swimming pool in your backyard, will need an excess liability or “umbrella” policy that is guaranteed to protect you in case someone gets injured by it.

·Most importantly, you should be aware of what your homeowners’ insurance policy covers and what it doesn’t. Most people believe, for example, that flood damages would be covered by a standard homeowners insurance policy in the event of a natural disaster. To avoid being caught off guard, review your policy and consider purchasing additional coverage.

As your home experiences more changes over time, these are some of the things to consider updating in your policy. For assistance with all your insurance needs and any questions you may have, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We look forward to helping you with all your coverage needs.

All You Need to Know About a Home Inventory Checklist

Creating a home inventory checklist is the best way to ensure that all your possessions are fully covered in the event of a fire, flood, or natural disaster. Your home inventory checklist should include your most expensive possessions. Smart appliances, antiques, collectibles, electronics, and most of your personal possessions should all be included in the list. While you don’t have to include every item you own, you should try to include as many as you can to make sure you are adequately covered.

homeowners insurance
Home Inventory Checklist

Why Is Having a Home Inventory Checklist So Important?

When a disaster occurs, the last thing you want to worry about is trying to figure out where all your possessions are and if they are damaged or not. If you put together a home inventory checklist, you will know exactly what you have and what it will cost to replace those items. Your home inventory checklist is your guide to rebuilding your home and filling it with all the things you had before the loss. It also helps your insurance agent accurately estimate your loss and assist you in getting the items replaced.

What Is the Best Way to Create a Home Inventory Checklist?

There are two ways to create a home inventory checklist. The first way is to have a written list that contains all the intricate details of each of your possessions. This includes their purchase date, model, and serial number. The second way to create a home inventory checklist is to make a video of each item. Using a video camera, you can capture the accurate condition of the items and get a close-up picture of them.

What Do You Do with Your Checklist Once It Is Made?

Once you have completed your home inventory checklist, both written and video, you will have to put a copy of the list in a safe place. Most insurance agents recommend making multiple copies. You can store a copy in a safe place at home and put the second one in a safe deposit box or some other place outside your home. Finally, make sure your insurance agent has a copy of both the video and the written list. It’s also a good idea to create a digital copy that can be stored in the cloud. Digital copies are easy to store, retrieve, and share, and you do not have to worry about them being lost in a fire or other unfortunate disasters.

As a homeowner, creating a home inventory checklist should be your priority. In addition to creating a home inventory checklist, make sure that you have the right homeowners insurance coverage to meet your unique home insurance needs. For assistance with all your insurance needs and questions, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We will help you get the right coverage you need. 

Analyzing Homeowners Insurance: Does It Cover Rain Damage?

Heavy rains can cause major water damages to your property, including water leaks, flooding, and drain overflows. If these damages are not fixed on time, they can lead to significant problems in the foundation of your home.

When you hire a water damage restoration agency to repair the damages, you must know how much of these costs are covered by your homeowner’s insurance. The following points will help you understand whether your homeowner’s insurance covers water damage.

Rain Damage

Certain damages caused by rain are covered by your home insurance policy. For example, if the rain or storm has caused a leak in your roof, the cost to repair it will be covered by the policy.

However, you won’t get coverage if you already had damage in a wooden pillar on the porch and the rain worsens it further, as it is considered preventable damage that could have been fixed.

Flood Damage

Your regular homeowner’s insurance may not cover flood damage. It will cover only minor leaks, so you will need separate insurance to cover flood damage.

Due to the extent of flood damage and the expenses involved, only some insurance providers offer flood damage coverage.

Other Damages Due to Rain

The extent of damages your property faces depends on the severity of the rain. Generally, most homeowner’s insurance covers damages caused by hailstorms, wind, and lightning.

Consult your provider to understand the type of water damages covered by your insurance. While homeowner’s insurance covers various water and rain damages, they are meant for emergencies. You cannot expect coverage for damages caused by regular wear and tear.

Investing in homeowner’s insurance is necessary to protect your home from unexpected damages. For assistance with all your insurance needs, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We help you find the best coverage that suits your needs and budget.

Spring Clean Your Insurance Policies

Spring Clean Your Insurance Policies

This spring, aside from cleaning your home to perfection, make sure that you spring clean your insurance policies to pay only for what is necessary.

Spring may be the time in which we all take out our cleaning supplies, put on our apron and latex gloves, and clean our home to perfection. While spring cleaning is certainly important in its own right, there exists something else that requires your attention: your insurance policies. As your life changes, so do your insurance needs. When it comes to your insurance policies, you should make sure that you are only paying for what is necessary.

  1. Is your home covered for complete reconstruction?

Some people only have enough coverage to satisfy their mortgage payment. While it may appear like a sound plan, they are not considering the consequences of complete home-desolation. You have to remember the cost of clean-up, materials, and construction.

  1. Does your car really need comprehensive insurance?

If you’re driving a car that is worth less than $1,000, or less than 10 times that of the insurance premium, the amount you pay monthly may not really be worth it. You might want to consider dropping comprehensive or collision coverage from your policy to save money.

  1. Do you have enough liability insurance?

Auto and home insurance policies offer liability coverage which pays for bodily injury and property damage for which you are found at fault, or liable. Our society is a very litigious one, and it might pay to have additional coverage in case the accident is particularly bad.

Make sure that you are only paying for what you need when it comes to your insurance policies. Reviewing them at least once a year can save you hundreds. To learn more about how you can pay less for your auto insurance in Carlisle, Pennsylvania, contact Miller Insurance Associates.

How to Fly a Drone (Without Being a Jerk)

How to Fly a Drone (Without Being a Jerk)

Drones are the newest technology for which the public has gone crazy, but many are forgetting common decency and fly these machines without thinking of others. Don’t be a jerk.

Drones are a marvelous technology that allow the average person to release their inner-Amelia Earhart. These aerial machines give normal people and professionals the opportunity to take aerial photographs, make highly accurate maps and models, and just have blast flying them around, getting a bird’s-eye view of their world.

But even the most well-meaning flying robot aficionado may find themselves making some grave social etiquette mistakes. Whether it’s flying over your neighbor’s yard or showing up to someone’s baby shower making the fatal mistake of assuming the mother-to-be will be just as excited as you are. Here’s how to fly a drone without being the most hated person in your neighborhood (you’ll thank us later).

  1. Ask to Bring Your Drone Before You Bring Your Drone
    You may think your drone is “like the coolest thing ever,” but you also may find that’s not a universally shared opinion. Drones may scare pets and annoy people in the house who do not want to hear a constant BUZZ in the atmosphere.
  2. Don’t Fly Them Over Crowds
    The Federal Aviation Administration does not recommend that hobby and recreational drone pilots fly their drones over crowds of people. The reason? Possible injury. While drones are reliable pieces of machinery, there is always a chance the battery will die and land on a person.
  3. Don’t Fly Over Private Property
    People like their privacy and a mechanical drone with a camera hovering over their home is something that many people may find in violation of that privacy. Before you fly overhead, ask your neighbors if it’s OK to do so.

Your homeowners insurance may cover drone accidents, but it’s best to check with your insurance agent. For all of your insurance needs, contact Miller Insurance Associates in Carlisle, Pennsylvania.

Federal Pacific Circuit Breaker Panels: Are They Safe?

Federal Pacific Circuit Breaker Panels: Are They Safe?

A circuit breaker’s purpose is to assure and guarantee your home’s electrical safety, but can the panel be trusted to be safe?

In short, no. If your home was built between 1950 and 1960 and is equipped with a Federal Pacific Electric (FPE) circuit breaker panel, your risk of a breaker malfunction and fire increase substantially.

A circuit breaker inside of the panel is designed in order to protect your home from an overvoltage by preventing circuit overloads, outside power surges rushing into the home, short circuits, and other such electrical risks. Should an overvoltage occur, a breaker protects your home by shutting down, or tripping, the power to the circuit board.

What makes FPE Breaker Boxes So Dangerous?

What makes FPE breaker boxes so dangerous is the FPE itself, and the Consumer Product Safety Commission’s (CPSC) concern with money over the safety of people. A New Jersey court ruled that when the FPE had tested circuit breakers, they fabricated their results so they could meet the UL standards. Two years later, the CPSC closed its investigation and cited “budget issues” as the reason. The FPE has been out of business for many years, but the risks due to its negligence persist in millions of homes across the nation.
FPE circuit breakers have a red strip across the Stab-Lok breakers, so they are rather easy to identify.

What to Do if You Own an FPE Breaker Box

If your place of residence has an FPE breaker box, call a professional electrician immediately. You should really consider replacing your breaker box if yours is, in fact, one from the FPE.

A proper homeowners insurance can cover your home from electrical-related damage, like fire. For all of your homeowners insurance needs to ensure your home is fully covered for a complete reconstruction, contact Miller Insurance Associates in Carlisle, Pennsylvania.

Reasons to Consider Renters Insurance

Reasons to Consider Renters InsuranceIf your initial reaction to renters insurance is to scoff at the very idea, perhaps you need to reread the benefits of renters insurance to get a clear understanding of the policy.

It does not take an expert with a Ph.D. in economics to see the gross distribution of wealth that currently plagues the U.S. This has forced many people to rent properties, rather than buy. But where people would normally purchase homeowners insurance, people all but refuse to purchase renters insurance. People believe their reasons justify their actions, but these justifications are based on false assumptions and misconceptions. Here are a few reasons as to why you should purchase rental insurance and include the expense into your budget.

  1. It’s cheaper than you probably think. Many people have it in their heads that renters insurance is an expensive coverage to own. This mentality has made over half of all renters to forgo renters insurance! But the truth is that renters insurance is rather cheap–generally less than refueling your car!*
  2. Better to be safe than sorry. An old expression that many of us take for granted. But despite how long this saying has been around, it doesn’t make it any less true. Your landlord may have insurance for falls and property damage, but what about your stuff? Your TV, game console, clothes, jewelry, computer, et cetera are all in danger without the proper renters insurance policy.
  3. A budget will be better for it. A budget allows you to allocate certain funds to sustain a way of life. A disruption in this cycle can force you to live on scarce materials, and a fire or theft can cause such a disruption. Live with peace of mind with a quality renters insurance.

For all of your renters and homeowners insurance needs to ensure your home or apartment is covered for all of your needs, contact Miller Insurance Associates in Carlisle, Pennsylvania.

*This is under the assumption you own a gas-powered vehicle.