Home Security Systems That Lower Home Insurance – These Systems Will Lower Your Insurance Now

Putting a security system in your house can be costly. However, if you do not have a home security system in your house, you can subject yourself to many potential horrors that lie ahead. Below are some reasons why you should strongly consider installing home security systems in your house.

Protect your family and home from intruders!!!

One of the biggest reasons why people should strongly consider putting these systems in your home is because it offers premium protection from burglars, intruders, and other scum of the earth. According to a book titled “Securing Home and Business” by author Simon Hakim and Erwin Blackstone, it was said that homes without security systems are 2.8 times more likely to be targeted by an intruder.

The best part about a home security system is the mere presence of it can be enough, in many cases, to make a burglar think twice before entering your home. In other cases, burglars might still enter your home whether there is a security system in place or not when loved ones are inside. However, if an intruder comes inside and finds your loved ones present, he or she may become scared and run away.

Protect your family and home from horrible fires!!!

When the average person thinks of the idea of protecting their houses, they think the only reason is to prevent home invasions. Although preventing intrusion is one of the main reasons people buy protection for their homes, these systems can also prevent life-threatening fires from taking place in your house. Most people rely on smoke alarms for early warning from fires. However, premium home alarm systems can not only warn occupants of the home of the presence of smoke, but can contact the authorities if no one happens to be home at the time.

Can Home Security systems lower your home insurance?

The answer is yes. Many home insurances around the world tend to have lower plans for the home owners who have insurance on their homes.

The types of systems to look for to lower your home insurance are, smoke alarms, discreet cameras, outdoor cameras, day and night cameras, and infrared cameras.

Where can you find the best deal and protection for your house?

Luckily for you, there are hundreds or organizations of experts who offer free reports for those who are serious about finding the right protection for their home.

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Homeowners Insurance Options – What is Good Neighbor Property Damage?

There is a certain type of coverage option that is often included in a standard homeowners insurance policy that many people are not aware of. It is called the good neighbor property damage coverage. For people who have it, and many do, it will provide you terrific protection for damage caused to your neighbors home that you would be considered liable for.

How does it work? Simple. Coverage is provided for damage caused to a neighbors home by you cutting down a tree and having it smash in their fence. Or, coverage is provided if your kids are playing ball in the front yard and a ball goes through a neighbors window. Surprisingly, coverage is provided even if your neighbor can prove that your kids did damage to their home intentionally.

Damage caused to your neighbors house by pets is also covered with this good neighbor property coverage. If your dog chews a hole in their fence or gets into your neighbors home and destroys their carpet or furniture, you are covered.

The amount of coverage provided varies from insurance company to insurance company but most coverage limits are between one thousand dollars and two thousand dollars. The best part about it is there is no deductible that needs to be paid when making a claim. Simply contact your insurance company and explain what happened. Sometimes you will have to come out of pocket to repair the damage, then wait for reimbursement. Other times, the check will be sent out immediately once the damage to your neighbor’s home is assessed.

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Fire Prevention Tips Highlighted by Homeowners Insurance Experts

Beautiful fall foliage enraptured us as the uncharacteristic warm October days captured our collective fancy, beckoning one last wink of outdoor enjoyment before we don the overcoat. The brief reprieve from what nippy autumn weather is supposed to be like did not last that long, though. Before we could even ponder putting our summer clothes away, the crisp, cool more typical climate for this time of year hit us full force, forcefully nudging homeowners, condo owners and renters, as well as auto, truck and van drivers to turn on the heat. No more air conditioning, the winds told us – until the arrival of spring, if the rise in the trusty thermometer’s mercury resonates…

Insurance companies, as well as agencies across the country, have long dealt with claims and lawsuits in regard to fires, home damage and the general liability that results from improper maintenance and usage of heating sources. This primer, therefore, is time-worthy for the season of climate change – when the warm rays of what some refer to as Indian summer allow the natural course of chill to take over.

How to Avoid Home Heater Fire Risks

1. Don’t put on a professional technician’s hat if you are a layman. Reserve your furnace or alternate heating system’s maintenance to the professionals that can minimize associated fire-hazards.

2. Leave clothing and shoe drying to conventional methods. Do not place wet attire atop a transportable heater. Do not place any such article too close to the heater that it may spark a potential fire.

3. Always supervise children and house pets in a room that is heated by a space heater.

4. Inspect your space heaters electrical cord regularly for any form of damage, including exposed wiring. Should the cord display wear and tear, do not use.

5. Never start a home fire in a fireplace or wood stove with newspaper or other flammable materials. Instead, use a minimal quantity of quality firewood that has not been in contact with moisture so that the ignited fire will be easily manageable. This will also ensure your chimney and/or stove pipes are free of unsafe tar and creosote accumulation that can lead to a home fire.

6. Enforce a good distance between kids and any heating fires.

7. All ignitable liquids, like gas or paint, should preferably be stored in a cool garage. Never place these fluids next to any form of heating device.

8. Prior to and after drying your clothes in the dryer, remove lint from the filter.

9. If your fuses are blowing or your circuit breaker is causing home outages, consider the likely possibility of a faulty electrical system. Refer the problem to a licensed and insured electrician for further investigation and fixing.

10. Have your smoke alarm tested monthly.

11. Make sure your house insurance is reviewed by an insurance specialist for optimum fire damage protection. If your policy is not tailored to your residence, ask your agent to shop the network for a more fitting plan at a competitively low quote.

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Four Unexpected Ways Your Home Insurance Can Help in Sticky Situations

Purchasing and owning a house is both a rewarding and hectic experience. With so much that can go wrong with a house and property, it is crucial to have home insurance to cover everything. Murphy’s Law may not have been written specifically about your deed, but it is important to understand that problems will inevitably arise. With a policy in place, these problems can be minimized and, at times, avoided altogether.

Natural Disasters

The most common problem that homeowners deal with is natural disasters. Storms and fires displaced over 22 million people in 2014 alone. The destruction of your home and property can be much more problematic than the loss of your valuables, as you and your family may be left without a house to stay in. What you might not know in this situation is that not only will your coverage pay for the purchase of a new house, but they will also temporarily take care of your living expenses, such as any hotel and meal costs that are a result of your displacement.

Theft

Another unfortunate problem that homeowners face is securing their valuables. Every year, two million burglaries take place in the US. The results are millions of dollars in stolen items, as well as a high amount of property damage. This is another emotionally difficult situation that home insurance can make that much simpler. Almost any goods and damages will be replaced and repaired (depending on your policy). This extends to luxury items such as jewelry, art, and high-end electronics. What might come as a surprise is the standard “pairs and sets” policy. If part of a pair is stolen, such as a cooking knife or a lamp from a set, the entire set will be replaced.

Injury

Coverage can also help for injuries. If a guest, family member, or even a pet is involved in an accident or injury in your house, home insurance can offer you protection and assistance. This includes medical costs and home repairs that are a result of human or animal error. Many people do not think to contact their provider for something of this nature, but the truth is, if it happens in your home, it is likely going to be covered.

Appliances

Basic insurance usually covers the cost of major appliances, including the refrigerator. Depending on your policy, this can include the food as well. If your power goes out or the refrigerator simply gives up, you can receive upwards of $500 to replace the perishable items that may have spoiled.

Aside from all of these reasons why homeowners insurance is helpful, it is often necessary. If you are still paying a mortgage and do not outright own a house, you are required to purchase coverage.

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Your Homeowners Insurance May Not Cover Woodpecker Damage

Meet Amy, City Girl that became a small town resident upon her marriage to George. The stark difference between living in the very center of urbanized civilization and township dwelling was somewhat of an adjustment for Amy. Sure she loved the sights and sounds of nature exposed: the lake, the trees, grass, flowers and the vibrant color of winged birds. Nonetheless, how she missed the hustle and bustle and – yes – even the noise of what she had always recognized as the center of commercial shopping, auto and bus traffic – honking included – and life as she had been bred to appreciate!

Though noise has always been the core of her existence, the incessant pecking on the side of her roof in small town America where she currently had set up residence did absolutely no good for her nerves. Five o’clock in the morning, you see was far too early for a woman of the world such as she to be rudely awoken from her slumbering state. And the fact that the pecking was coming from a fine feathered ‘friend’ known most commonly as the woodpecker did little to placate her uneasiness.

Then came the crunch that really threw Amy off. It appeared as the bothersome woodpecker had begun to incur damage on her lovely home! But nothing could appease Amy when she discovered that her standard homeowners insurance policy did not even cover the damages and losses she now suffered!

“You see, Ma’am,” explained the nice insurance agent, “insurance companies simply do not cover general home liability that has been wrought through negligence. In fact, they view woodpecker damage as something that could have been avoided through proper home maintenance.”

If only Amy had known! She most certainly would have confronted the little peril with a vengeance. Now it appeared that it was too late and she and her husband would have to bear the losses through out of the pocket expenditures.

They say life is a great teacher. Amy knows better than most.

“Learn from me,” says Amy, former city dweller. “Don’t let pests get the better of you or your home risks will!”

How does one tackle a woodpecker problem? There are a number of hands-on methods:

• Go out and purchase a tool that’s on the market in regard to woodpecker deterrence.

• Surround outside home spots that connect to the roof with wired fencing.

• Attach colorful tape below roof and around the roof’s gutters.

• Seal attic holes and house siding with caulk or other materials.

• Hire a pest eliminating firm to take care of the problem.

• Explore your own creative to tackle the nasty wood-pecking problem.

Ask Amy. She’ll tell you forearmed is indeed forewarned: speak to an independent insurance agent about your homeowners insurance policy to make sure it is tailored to your needs.

Get a taste of the passion PRIME Insurance has for the coverage it sells! PRIME is the leading agency that has been recognized by the industry and more than 10,000 satisfied customers that it services with excellence. Presented with many related awards and appointed to do direct business with over forty of the top insurance companies, PRIME shops its broad network to deliver tailored policies at competitively lowest quotes.

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Home-Sharing Nightmares: Are Airbnb and Other Hosts Protected by Homeowners’ Insurance?

You probably never stopped to consider whether your homeowners’ insurance would cover property damage or liability claims caused by someone who is renting your house. Why would you? After all, the last thing on most people’s mind is how an insurance policy will respond to some, unknown future loss.

Home-sharing services like Airbnb and HomeAway have turned a lot of ordinary homeowners into part-time innkeepers. The Pew Research Center found that 11% of American adults have used home-sharing services. Airbnb alone boasts of having over 3 million listings worldwide.

This means that a growing number of you actually need to stop and consider whether claims involving renters are covered by your homeowners’ insurance. Unfortunately, the excitement and opportunity created by new business models make it too easy to overlook the downside.

That being said, there’s always a downside. For example, host homeowners face an increased exposure to:

Personal and structural property damage or loss.
Criminal activity, theft and vandalism.
Liability to guests for property damage or bodily injury that occurs on the premises.
Liability to third-parties for property damage or bodily injury caused by guests.
This brings us back to our original question. Does a standard homeowners’ insurance policy cover damage and liability claims involving renters?
You shouldn’t be surprised to learn that standard homeowners’ policies don’t directly address home-sharing. After all, today’s sharing economy didn’t exist when most of these policies were written. Nevertheless, there are some traditional provisions in standard policies that could limit or exclude coverage for the host homeowner.

Eligibility. Standard policies are typically restricted to dwellings that are used exclusively for private residential purposes.
Property Damage. A homeowner’s personal property that is stolen from areas that are rented to guests is generally not covered under a standard policy. Neither is the theft of a guest’s personal property. Standard policies can also limit coverage for some big-ticket items located in areas that are rented to others, like appliances, carpeting and household furnishings.
Liability Coverage. Host homeowners may not think of home-sharing as a business, but insurance companies may disagree. This can be a problem because standard policies typically don’t provide liability coverage for business conducted from the home.
Despite not being expressly mentioned or excluded, losses suffered by host homeowners may end up not being covered by their standard insurance. Coverage gaps are common whenever old-school insurance is confronted with new-school behavior. These gaps can also be financially devastating.

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5 Questions to Ask Before Purchasing Home Insurance

Your home is likely your most valuable asset, so protecting it just makes sense. As such, you can think of your homeowner’s insurance as an investment in protecting your financial future. Before you buy a policy based solely on premiums, ask your insurance provider these five questions to make sure you’re getting the coverage you need.

#1 – What Does (and Doesn’t) the Policy Cover?

The most important part of your home insurance is the policy itself. What, exactly, will it cover? What happens if your lawnmower is stolen out of your garage? Will you get the full purchase value, or will you get the depreciated value? If you accidentally cause someone an injury away from your home, will your policy cover that? Discovering exactly what your policy covers will help you decide just how much and what type of insurance to buy.

#2 – How Much Coverage Do I Need?

An insurance agent will often ask you to provide a list of all of your possessions. This is called a home inventory, and it can significantly help you in the event of a disaster, a fire, or even a robbery. The best rule of thumb is to have all of your possessions appraised, then purchase an insurance policy with coverage that exceeds this amount. It will also help you decide whether you need to purchase any riders, which are additions to your policy that protect out-of-the-ordinary items like very expensive jewelry or expensive paintings.

#3 – How Much Will It Cost to Rebuild my Home?

Part of your insurance policy will focus on your actual dwelling, or any damage that would occur to the structure of your home. Keep in mind that because real estate very often appreciates in value – and often significantly – you’ll want to make sure that you purchase a policy that covers the cost of rebuilding your home, not one that only covers your purchase price.

#4 – What Kinds of Claims Have Been Made on My Home in the Past?

Learning about and understanding what kinds of claims have been made on your home in the past can help you decide what kind of coverage you need right now. For example, if your home is in a flood plain and it has been subject to flooding once or twice in the past, you’ll want to purchase separate flood insurance. Along those same lines, if severe storms have been problematic in the past, then they’re likely to be problematic in the future, too.

#5 – What Happens when Something Happens?

Finally, it’s important to find out what to expect when it comes time to file a claim. Will you be able to talk to your local agent directly? Will they come and assess the damage immediately, or will you need to wait a few days? Will the company put your family up in a hotel until the repairs can be made? Understanding things like this will not only help you make a better choice regarding your policy, but it will also give you some peace of mind.

When you have the answers to all of these questions, then you have the information you need to make a wise decision. Make sure you understand what is and isn’t covered, how the insurance company values your home, and how your insurance company will treat you when you need to file a claim.

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Tips to Find Home Insurance at an Affordable Price

Buying Home insurance can always be termed as a good decision since it gives you appropriate financial cover in the event of theft, damage, robbery, earthquake, storm, or more. However, many people do not think of it as a necessity and often avoid purchasing it so as to save their money.

Keeping in mind the benefits associated with home insurance, the price cannot be considered as the best comparison point. After all, it just doesn’t cover for your home but also for your belongings and gets you monetary aid even in the case when you’re liable for third party injury or property damage.

Though there are numerous factors that determine your policy rates, the most obvious ones include the location of your property, its age and construction type. Newer homes in areas are less prone to damage, natural disasters and crime, and are also cheaper to insure. This definitely is something that you can’t control, but there are certain other ways that can make you eligible to get cheap home insurance. Read on:

1. Shop Around: Like everything else, you need to shop around to find the cheap home insurance. Online websites and tools can help you a lot in finding the best policy. You can even compare two and more policies online to pick the most suitable one for you. Never assume that a certain insurance firm offers cheap home insurance that clicked for someone in your friends and family, for your needs and situation can be entirely different from theirs, and so the same policy may not be the best option for you.

2. Bundle your policy: Rather than buying a home insurance policy from a separate provider, consider bundling it with your existing insurance provider – for instance, home, car, and life – with the same company. This way you’ll get a discount for having multiple policies with the same company.

3. Don’t over insure: When it comes to buying a home insurance policy – homeowners try to get cover for anything and everything for obtaining optimum protection. However, it is advised to get coverage only for what you actually need. Also, try to get insured for how much it would cost to rebuild your home, not re-buy it. This is an important factor because market value considers the location of your home and value of your land. Your homeowners’ policy would not pay for any damage caused to your land.

4. Consider a higher deductible: You can opt to pay a higher deductible in order to pay off the entire insurance premium at the earliest. This will not only help you get better cover at the same price but will also let you get better rebates when filing your taxes.

5. Add safety features: Integrating safety features such as deadbolts, smoke detectors, fire extinguishers, etc. may get you good discounts on premium payment. If your home is located in a disaster-prone area, check on the special modifications you can make to further reduce your premium.

6. Check Your Credit Score: Poor credit scores not only affect your ability to get a loan but can also lay an impact on your insurance premium. Let’s say, if your credit score is low, you may have to pay a high premium value. Work towards bettering this score by making your payments on time and maintaining a good banking transaction record. This will in the course of time improve your credit score, which will lead to you needing to pay a lower premium in future.

All in all, opportunities to find the cheap home insurance are all around you. You must, for your part, take time out to find out the most suitable policy as per your need, which will enable you to save considerably more in future.

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Do You Know the Average Home Insurance Cost in Ontario?

It is important to understand the average home insurance cost and all the factors that impact it. On average, homeowners pay $780 for home insurance in Ontario but factors such as location, replacement costs, coverage and riders, such as flood or jewelry coverage, can have a major impact on the coverage. Renters can also purchase insurance, and the rates are generally cheaper for renters than they are for owners.

Although the market value of your home does not directly impact what you pay for insurance, it can give you an idea of what you can expect to see in terms of costs – or at least what you should plan and budget for. A home valued at under $300,000 usually sees an average cost in Ontario of $702 a year, and homes in the higher brackets, for example between $300,000 and $700,000, can expect to pay $1,000 (approximately $924) but again, the final numbers will include other factors.

The more expensive the home is, the more insurance you will pay, but this isn’t a reflection of market value. A more expensive home means a more replacement cost – or a home with more expensive items to protect. If your home falls in the $700,000 to $1.5 million range, it’s reasonable to see average insurance rates in Ontario hit the $1,400 mark annually, and $2000+ for homes in the $1.5 to $5 million range.

Provincial differences do exist

Coverage costs vary by province because each province has its own unique challenges. Average insurance in Ontario aren’t typically impacted by things like earthquake coverage but the same cannot be said of British Columbia, for example. In Canada, overland flooding is a separate area for insurance and insurers aren’t typically willing to cover this risk.

As an example, an average home insurance premium in Alberta is ~$900/year for homeowners. Quebec homeowners pay on average ~$840/year in home insurance costs.

Many variables define home insurance costs

There are several factors that can increase your home insurance rate and they are important to consider when purchasing a home. Such factors include fireplaces or wood stoves, swimming pools, oil-based heating systems, old wiring, commercial zoning, old pipes and poor / old roofing. Your garden and trees can have an impact too, since large trees pose a risk of falling on the home.

Also your claim history is considered when getting a home insurance policy. If you have a rich history of claims, some insurance companies may consider you to be a high-risk customer resulting either in higher premiums or refusal to issue an insurance policy.

Home insurance for tenants is 3 times cheaper

If you rent a home, you can benefit from lower home insurance costs since you do not need all the coverages that a homeowner would need. Typical tenant insurance policy would be covering your liability (e.g. if you flood people who live under your unit) and contents of your home (e.g. expensive electronics, items of art, rare collection items).

Average rental insurance costs in Ontario are $252/year ($21/month). Tenants insurance in other provinces would be comparable in terms of costs: $33/month in Quebec and $25/month in Alberta.

Alexey Saltykov is a co-founder and managing director of InsurEye Inc, a Canadian company that provides online tools for consumers to educate them about insurance, create transparency in insurance market place in Canada. We also connect consumer with insurance brokers Toronto and insurance brokers Mississauga and all across Canada.

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Does Homeowners Insurance Cover Termite Damage?

I’m just like any average guy you see driving around the streets in an auto or truck or mowing their front lawn in the neighborhood. The one difference that makes me different from your regular Joe Shmoe is perhaps the experience I endured. Hear my tale and take heed!

I had heard about termites and the carnage they can exact on a home, business and property. I brushed away the fears, telling myself that here where the cold weather stays for months on end, no termite is going to bother me. Sure, the risk hazards exist, and so do plenty of homeowner insurance claims on account of it – but I am invincible in this neck of the woods. No liability for me!

Little did I know, but I was not invincible at all. Neither was my home. After I discovered the damages – and, yes, losses – incurred by the creatures known as termites, I came to another rude awakening: The general consensus among insurance companies is practically unanimous – a standard commercial, homeowners, landlord or even renter policy does not cover termite damage! I was left with tens of thousands of repair work on my home as a result of my ignorance and lack of foresight!

A termite is a small-bodied insect that lives together with millions of others. What makes this creature so hazardous is its mouth that can literally bite its way through dense wood. Statistics tell us that in the US, termites inflict many billions of dollars-worth of home damage every year. Termites can infest a home and eat their way through walls, furniture, shelves – even books that line them!

Termite sightings are especially typical in the springtime. If you see a swarm of flying bugs inside of your home, above the earth surrounding your home, mud tubes along the exterior sides of your home or any other place within your home, chances are you have a problem on your hands.

Typical home coverage does not protect from termite damages. Why? Insurance carriers are of the opinion that this type of damage is preventable through proper home care and basic preventive measures, such as leak repairs, elimination of water buildup, and removal of wooden obstructions near the home, as well as thorough property checks that can provide ample warning of infestation before real damage can be done.

In order to ensure proper termite coverage, talk to an experienced independent agency that does direct business with many insurance companies. They will evaluate your true risks and shop their wide network of underwriters to present you with a separate rider so that customized protection can be attached to your current owner-occupied, renter-occupied policy – at a competitively lowest quote.

PRIME Insurance is an A++-rated agency that has earned wide-acclaim from the industry as well as over 10,000 customers that it serves with excellence. Winner of many awards and appointed to conduct direct business with scores of companies, like ASSURANT, GUARD, Liberty Mutual, MAPFRE, MetLife, Peerless, Safeco, TRAVELERS, ZURICH and more, PRIME shops its network for you to present tailored coverage at competitively lowest quotes.

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