In many cases, homeowners insurance plans cover water damage due to acts of nature, sudden damage, or damage related to fixtures still under warranty. Call your insurance company for specific plan and coverage details, and take photographs and videos of the damage. Properly documenting the incident...
Health experts claim that walking is known to be beneficial to health. However, people are walking less on a daily basis. What are the reasons for this? What can be done to encourage people to walk more again? Give reasons for your answer and include any relevant examples from your own ...
Thetype of vehicleyou drive has a significant impact on your car insurance premium. The price and availability of parts, cost of labor, statistical likelihood of accidents, how much damage your vehicle could cause during an accident and the vehicle’s safety and crash prevention features could al...
Claim TypeNational Average with Claim Wind and Hail$2,958 Fire and Lightning$3,334 Water Damage and Freezing$3,221 Rates gathered in June 2024 Credit Score The bottom line is, your credit score and creditworthiness affect your home insurance premiums. In most states, insurance companies check ...
Renters insurance deductible Yourdeductibleis the amount of money you will pay out of pocket if you file a claim. It is the portion of damage you agree to cover, and your insurer will pay the rest up to your policy limits. Because of this, your deductible impacts your premium. ...
Claims-free discounts: Many home insurance companies reward you with discounts if you remain claims-free for a set period of time. This time period varies by carrier, but often is in increments of a couple years or more without filing a claim. Loyalty discounts: Many carriers also reward cus...
Average homeowners insurance cost by home age Older homes are often constructed with outdated materials that are more expensive to replace. Additionally, many have obsolete plumbing, electrical, and home systems that increase the probability of accidental fires or water damage. ...
Weather-related claims top the charts for homeowners insurance claims. Wind damage takes the number 1 spot, though. It accounts for 25% of property damage. The next highest claim is for non-weather related water damage (leaking pipes). In catastrophic situations, such as a hurricane or ...
Average Cost of Home Insurance by Deductible A home insurance deductible is the amount you will pay toward a covered claim. For example, if you have a home deductible of $1,000 and a covered claim of $10,000, you're responsible for $1,000, and the insurer will pay the remaining $9...
Raise your deductible.Ahome insurance deductibleis the amount subtracted from your claim payout. The more damage you’re willing to pay for yourself, the lower your insurance cost will be. For example, raising your deductible from $1,000 to $2,500 can save you about 10% on condo insurance...