Home Insurance Lincoln, CAAugust 19th, 2013

5 Components of Home Insurance that a Lincoln Resident Must Have

Whether you live in Lincoln or somewhere else, you have to buy home insurance when you buy a house. In the event of damage or theft, the lender wants to ensure that the home is covered. So, you buy the policy after sifting through many home insurance quotes and your copy is filled with insurance jargon and there are so many pages that you can’t possibly count them all. It is very overwhelming, to say the least. Below is a simpler explanation of your California home insurance policy to maybe help you understand it a bit better.
Dwelling Coverage
There are some components of your policy that have to stay, they are mandatory. There are other ways to reduce your costs; however, this is not one of them. The part that is really important is to make sure that you have enough coverage for these mandatory inclusions. On your policy, you will see the phrase — dwelling coverage. This offers insurance protection to your home, affixed structures, all cabinets, wiring, air conditioning, plumbing, flooring, and heating.
Separate Structures Coverage
Based on a number of other factors such as how big your home is, how many bathrooms, and the kind of roof you have, any custom features (a swimming pool, and any upgrades) will help the insurer calculate an insurance rate. This is how much they will pay to completely replace your home. Separate structures coverage will insure anything attached to or part of your home like your garage, sheds, patios, decks, sidewalks, fences, and driveways. This cost is usually reflected from your initial insurance rate and calculated from there.
Personal Property Coverage
Personal property coverage protects the contents in your home. It is always a wise decision to make sure your policy covers the replacement costs as opposed to the cash value. Cash value will replace items after considering the depreciation. Often, insurance companies will require that you have an appraisal done professionally for fine art, jewelry, and furs. Extra coverage is always available for jewelry if you believe that the coverage you are being offered is not sufficient.
Loss of Use Coverage/Personal Liability Coverage
If you do not feel comfortable with what the insurance company calculates as sufficient coverage, then you can make adjustments until you are by adding endorsements. Another mandatory component is the loss of use coverage that covers you when you are unable to dwell in your house due to repairs being made from damages or any other unforeseen event. This covers the costs of your living expenses to stay somewhere else. Personal liability coverage is also essential. This covers you in the event that someone is injured or hurt on your property and wants to sue you.
Don’t be confused about what is covered, what is not, and how long a claim might take to process. It is understandable that the legalese of insurance policies in general can be cumbersome, but take your time and read through the documents slowly. Ask questions and look up terms on the Internet. Know what is covered because a little coverage likely will not do it if a catastrophe does strike.

Home Insurance Sacramento, CAAugust 19th, 2013

Understanding Home Insurance in Sacramento

When you sit down and really think about what could go wrong when you are a homeowner the list may go on and on. This is something that should really be considered when it is time for you to start gathering up home insurance quotes and purchase a home insurance policy. Homeowners have to be covered on every angle from natural disasters, injury, theft, and legal problems. It is quite common to hear people say they are not sure what type of coverage they need or how much they need. The truth is that there are differences in policies.
Policies Explained
There are policies that cover catastrophes including vandalism, wind damage, theft, fire, a tree that falls on your garage, etc. This is the policy that most people end up with. There should also be a policy that offers a little more coverage and then an advanced policy that covers you for almost everything. Of course, the insurance rates will be considerably higher for each upgraded policy. These policies are called HO-1, HO2, and HO3.
Extra Protection
If you have expensive jewelry, collectables, artwork, furs, or antiques, you may want to consider extra coverage for these pieces in case they need to be replaced. In the event of a slip and fall on your property, your standard home insurance policy will cover this but the question is, will the coverage be sufficient? You may want to consider a little extra protection. And, imagine that your house simply blew up and nothing was salvageable, how much would it cost to replace every single thing?
Inflation Guarantee
This is when it starts to get a little confusing, do you want what your home’s insured value is or would you need more? Perhaps consider an inflation guarantee to add to your policy. It is also wise to separately insure expensive items just to be covered. It is really not feasible to cover every single expense so don’t even try to. And just because you have the insurance does not mean that everything requires a claim. Too many claims will boost your insurance rates in a big way and sometimes the insurer will even cancel your policy.
Assessing the Value
If at all possible, hire a builder to do a walk through and tell you how much it would cost to build your home from scratch. This at least gives you a ballpark idea of how much coverage you should buy. Mortgage lenders require home insurance so they do not suffer from a huge loss but that is the kind of thinking that you need to have too. It is true, insurance rates can be astronomical but there are ways to trim them down.
Trim the Costs
Raise your deductibles, keep a good credit standing, take advantage of multi-discount policies where you allow one insurer to underwrite all of your insurance needs, and use all possible discounts. Check around for different home insurance rates and see what is offered. The Internet makes this a fairly simple task.

Home Insurance Folsom, CAAugust 19th, 2013

7 Tips to Get the Most Affordable Home Insurance in Folsom

Home insurance is essential. This is one of the first things that a Folsom loan or finance company will ask for and the policy had better cover at least the fair value of the property. Unfortunately, home insurance is not cheap and people that live in areas that are considered to be higher risk are going to have even higher insurance rates. The good news is that there are ways to trim the cost and make sure that you have the coverage you need without coverage you don’t.
Security Systems & Alarms
Security systems and smoke alarms will reduce your insurance premiums by at least five percent. The insurance company will want to see that your security system is monitored by a security company. Save another minimum of ten percent if you have functioning smoke detectors located throughout your home. This is a good start to reducing those insurance rates.
Lower your Deductible
Perhaps you have noticed that the lower your deductible is the more you pay in premiums? You may very well think that this works to your benefit but consider how much extra you pay annually in premiums compared to what a minor claim may cost you such as a broken window or some slight wind damage on the side of your home. It very well may be in your best interest to take your chances and save some money.
Multi Policy Discounts
Another way to reduce home insurance costs is to ask for multi policy discounts. This means that all of your insurance needs are handled by the same insurer. These trim down costs very nicely. If you want some big savings try to pay your mortgage off. Insurers bank on the fact that total ownership of your home means you will maintain it better.
Added Luxuries
If you are planning on adding a swimming pool or a trampoline, plan on your insurance rates to soar by around ten percent. This might make a difference in whether or not the increase is worth the luxury. It might be nice to have these things but decide with the increase in mind.
Annual reviews
Homeowners should make it a point to always review your insurance policies annually. Find out if any changes have been made to your policy and gather up a few new home insurance quotes for comparison reasons. See if there have been any changes that you have made that could lower your home insurance costs. Did you get rid of a swimming pool, add an alarm system, or upgrade fire alarms, as this will reduce your premiums.
Replacement Value
Your home insurance policy should always have coverage for guaranteed replacement value. This means that if disaster strikes your home will be rebuilt and all expenses will be covered. Do not make the mistake of thinking that having insurance automatically means you are covered for this. Always make sure to document everything. Include pictures and video when possible and store them in a safety deposit box. This will hasten any payouts that you may need one day from your insurance company.

Home Insurance Rocklin, CAAugust 19th, 2013

Make a Rock Solid Inventory for Your Rocklin Home Insurance Policy

After a catastrophe hits it is too late to add additional property coverage to your home insurance policy. In Rocklin, when you purchase home insurance, it is crucial that you take the proper inventory of your goods so that if the time comes to make a claim you get what you need to replace your possessions. A thorough inventory also helps you purchase the right amount of insurance when you are looking for home insurance quotes.
Not taking a detailed and descriptive inventory is a common mistake that many people regrettably make. Insurance rates really do not matter if you have not protected yourself completely. A complete home inventory will also help to expedite any claims that you have to make. The list of goods must label each item, how much it is valued at, and a serial number.
Creating the List
The best method of creating your inventory list is to either take clear pictures or videotape every room and the contents in it. Be sure to open all of your drawers and closets. Remember not to forget cupboards and places where you might store some of your goods. Include the items in the garage as well. It is not enough to just take pictures or create a video; you have to prove ownership of the items you want to insure. Also, consider there is a difference between recouping from a total loss or just a few items. In the awful case that this happens, you will know that you have sufficient coverage.
Make sure that you pay special detail to special items such as art, jewelry, and collectibles. Include receipts, credit card statements, and appraisals. This inventory must be updated regularly to add new items or delete ones you no longer own. You have to safeguard your home insurance, which means you have to store it in places that have no chance of being destroyed in the event of a catastrophic loss. A copy should also be stored in a safe place like a bank safe deposit box.
Be Prepared in Advance
This is going to be quite time consuming but in the end it will be worth it. If you have to go through a devastating fire or a home invasion there is no way that you would ever be able to remember all your possessions. The sad truth is that most people do not have a complete list of their possessions and many have absolutely no inventory at all. Without an inventory there is no chance of getting anywhere close to the value of what your possessions are worth.
Whether you opt for replacement cost coverage or actual cash value, you do need to understand what the difference is and what they mean. The actual cash value pays out what you would get if you were to sell your items after depreciation whereas replacement coverage will pay out at the current market place. The latter is the more costly option. These are some of the best ways to get better home insurance quotes

Home Insurance Roseville, CAAugust 19th, 2013

Home Insurance in Roseville, CA

If you reside in the Roseville area and have just purchased, plan to purchase, or recently renewed a home insurance policy, this article is for you. If you were comparison shopping for home insurance quotes, you likely realized quite quickly that the number of insurance companies was a bit overwhelming. The legalese seems to go on and on and you are left with a list of price quotes and no written policy to base your final decision from.
Unfortunately, this is a common complaint of many people that are looking for home insurance or trying to trim their current insurance rates. The majority of people that are looking for home insurance quotes will shop based on two main factors, reputation and price. However, there is a lot more to consider than just that. If something happens and you need to make a claim, you will want to be sure that you are covered.
Insurers are Trimming Back
There have been many changes in the insurance arena in the past few years. Insurers have been decreasing coverage while raising deductibles and also changing restrictions. There are many reasons for these changes but the main contributor to this is that homeowners insurance generates the very least amount of profit. The tumultuous weather patterns coupled with the state of financial affairs in the U.S. are the main culprits. In fact, many insurers will no longer write home insurance policies in areas that are the hardest hit and when they do the premiums are extreme.
What is most important is to fully understand what you are covered for and what is not covered. Read your policies and find out exactly where the cuts were made. For example, people expect that if a pipe bursts that everything will be covered and in the past it likely would have been the case but two words changed that — toxic mold. Even leaky pipes may be covered but it will likely be contingent on the leak being very recent, even if it was concealed.
Additional Benefits
So, the real question is, what can you do to protect yourself? Find out what your home insurance covers and then evaluate where you may need to purchase some riders to add to that coverage. For example, if you tend to have floods and your policy does not cover them, you can buy a rider to cover floods but it these replacement benefits may be pricey. Even this type of coverage is subject to limitations.
Protect Yourself
Added coverage does not come without restrictions and policies when it is time to file a claim. It does vary per state and in California the time frame in which to use your replacement benefits or they will expire is one year. Some states offer two years and many offer six months. It cannot be stressed enough that people must read and understand their home insurance policies so that if the time ever comes to file a claim you know what is covered and what isn’t. Protect yourself!

Thank you for your time
Curtis Peterson/President
CA License # 0F96366
916-431-0413

Homeowners Insurance Roseville, CAJuly 2nd, 2013

How to Determine Homeowner Insurance Coverage in Roseville, CA

When you shop for homeowner insurance coverage, you want to ensure you know how to shop for the coverage. It is essential that you have the right level of homeowners insurance as this is your financial safety net in protecting your home and assets. Homeowners insurance is designed to protect your home and your personal belongings from damage or loss that result due to fire, flood, or other types of accidents or natural disasters.

Homeowners insurance is necessary to protect your home and personal belongings from damage or loss. It is also mandated by law. You’ll find when purchasing a new home, it is likely you’ll need insurance to purchase the home.

Your homeowners insurance should be considered a financial safety net, and one that is not overlooked. You’ve worked hard to earn the money to purchase your home, and home insurance does protect that investment. Let’s take a look at how easy it is today to obtain homeowner insurance coverage quotes.

How to Determine Homeowner Insurance Coverage

Step One

The first step in determining homeowner insurance coverage is to understand what a standard homeowner policy does and doesn’t cover. Policies called “All Risk” policies are the most popular type of insurance coverage because they cover the largest number of risks, windstorm, fire, and freezing, but excludes damage that results from earthquakes and floods.

Step Two

Determine your need for additional insurance coverage for disasters like hurricanes, tornadoes, earthquakes and floods. If you live in a high-risk area, this additional coverage should not be overlooked.

Step Three

Determine what type of policy you need. There will be different types of insurance for different dwellings and replacement cost coverage and actual cash value coverage. The actual cash value coverage is the actual replacement cost of structures and personal belongings.

Step Four

Determine the cost to rebuild your home, should it be lost in a disaster. Take into consideration the features of the home. Are there upgrades or other expensive features? The value of the home is the amount your insurance provider will insure the home for. This is not the current market value or even the purchase price.

Step Five

Determine the value of your personal belongings. You should have a video or photographs of all the items.

Step Six

Determine how much personal liability coverage you will need. Personal liability is generally an add-on to your insurance policy. Personal liability protects you, should someone on your property injure himself. The basic coverage is typically $100K, but most insurance agents will suggest higher coverage amounts.

Step Seven

Talk to the insurance company to discuss whether you are eligible for any discounts on your home insurance coverage.

Step Eight

Determine the amount of deductible you can afford.
Peterson & Grantham Insurance is California’s largest network of insurance brokers, providing consumers with homeowners insurance in Rockling, Lincoln, El Dorado Hills, and all other areas within California. To obtain free quotes from leaders within the industry, just visit our site and complete the “Free Quote” form.

Homeowners Insurance Folsom, CAJuly 2nd, 2013

How to Get Homeowners Insurance Quotes in Folsom

Homeowners insurance is designed to protect your home against damage from accidents and/or natural disasters. In today’s insurance world, the Internet has become one of the most convenient means to shop for homeowners insurance. All in all, the process can still be confusing as there are many different types of homeowner insurance policies in Folsom and many different companies. Homeowner insurance quotes n Folsom allow you to shop and compare different policies from different providers. Let’s take a look at the process to obtain homeowner insurance quotes in Folsom.

How to Get Homeowner Insurance Quotes in Folsom

There are two ways to obtain insurance quotes. First, you can contact good old-fashioned, brick-and-mortar insurance companies local in your area. This can be done either in person or via telephone. The second is to access the Internet. Accessing the Internet is by far the most convenient means of the two. Once online, simply visit an insurance company like Peterson & Grantham to obtain free insurance quotes on homeowners insurance in Folsom.
When shopping for homeowners insurance in Folsom, also ask friends and family members for referrals of companies they are happy with. You can also check with your state’s insurance department.

What to Look for on a Homeowner Insurance Policy in Folsom

Dwelling

Homeowners insurance does not cover earthquake or flood damage. If the area you live in is high-risk, you will need to purchase a separate insurance policy for any type of coverage you may need. A standard homeowner insurance policy will protect homeowners from fire, hail, riot, smoke, vehicles, aircraft, explosion, snow, objects, theft, wind damage, or loss.
When you purchase your insurance policy in Folsom, be sure to purchase a guaranteed replacement cost policy, which is greater protection for your property and your belongings. The reason to opt for guaranteed replacement cost is simple. If your home is destroyed in a fire or other disaster, and the cost and your policy are for $100K, but your home costs $125K to rebuild, then you don’t have any guarantee that your insurance company will pay for the additional $25K.

Personal Belongings

Home insurance policies normally cover your personal belongings, as well. In most policies, up to 40 percent of the total policy accounts for your personal assets. Policies may have a maximum amount of coverage per item. For instance, jewelry coverage may be a few thousand dollars. If you would like more coverage, you can then purchase an endorsement, which will increase the coverage.

Liability

Liability is also something that many home insurance policies have. Liability coverage is something that will protect you should someone become injured on your property. For instance, if someone slips on the driveway right after a rain, you will be protected should they decide to pursue a lawsuit. Liability is definitely something that each homeowner should have.

Peterson & Grantham offers homeowner insurance in Folsom at affordable rates.

Homeowners Insurance El Dorado Hills, CAJuly 2nd, 2013

Can a Roommate be an Insurance Problem in El Dorado Hills?

With tough economic times, more homeowners have invited someone to live with them in their home to cut costs. Before you rent a room, you need to check with your home insurance policy to make sure everyone has proper insurance coverage because with one wrong move, and there could be trouble.

Roommates and Homeowners Insurance

There are many insurance providers out there that won’t write an insurance policy in El Dorado Hills for a homeowner who rents out a few of the bedrooms in a home. In a case where the insurance provider won’t write a policy because of multiple renters, a dwelling fire insurance policy will be required. This is a type of coverage that covers specific things like damage from fire or lightning, but won’t cover the contents of the home in case of a theft. This doesn’t mean that you can’t get a policy that covers personal belongings in the home, it just means you will have to get a separate policy for the coverage.
One Roommate and Homeowners Insurance

In a case of renting only one room out in your home, chances are your homeowners insurance in El Dorado Hills will not be affected. However, you need to be aware that having a roommate/renter can expose you to some liability risks. For instance, if the person who lives with you owns a dog that bites someone, then you may be liable. California insurance has its own set of insurance laws, and each insurance company has its own policy language. Therefore, it is important to talk to your insurance agent in El Dorado Hills, and make them aware of the situation before you invite someone to live with you. Your insurance agent in El Dorado Hills will be able to inform you of your insurance options.

Need for Renters Insurance

When your roommate moves in, you will want to ensure the tenant purchases renters insurance. The importance of renters insurance is to ensure a tenant’s personal belongings are covered. If damage to your home and/or the personal belongings inside the home occurs, or if a thief breaks in and steals the valuables within the home, your homeowners insurance policy does not cover your renter’s personal belongings.
Renters insurance will cover your roommate’s possessions and any liability he or she might incur on the property.
Prior to renting out a room, you should make the tenant aware of the importance of renters insurance. Many landlords/landladies make renters insurance mandatory, which is something that you may want to consider as a pre-requisite.

Peterson & Grantham

Peterson & Grantham is California’s largest network of insurance brokers. With the strong relations we’ve formed in the industry, we are able to offer policies up to 30 percent off market value. Aside from exceptional insurance policies at affordable rates, we also have an extensive network of first-rate insurance agents that specialize in homeowners insurance in El Dorado Hills. Our agents are experienced and dedicated to ensuring that our customers have the advice, guidance, and support required to help with insurance needs. Contact us today with any questions or concerns; we are here and happy to assist you with your needs.

Homeowners Insurance Rocklin, CAJuly 2nd, 2013

How to Find a Good Insurance Agent in Rocklin, California

The Internet offers consumers a tremendous advantage in purchasing insurance. Shopping for insurance on the Net means convenience, affordability, and no high-pressure sales person. However, there are still consumers who prefer to go the old “brick and mortar” route, and for these consumers, it is important to know how to find a good insurance agent in Rocklin. Let’s take a look at how to shop for an insurance agent, and remember, even when purchasing a policy over the Internet, you do have the advantage of an insurance agent, you just don’t have the advantage of choosing the agent.

How to Find a Good Insurance Agent

No two insurance agents are alike, and when you shop for an insurance agent for your homeowners insurance in Rocklin, you want to be sure to find an agent that does more than just sells you a policy. You want someone that has a great deal of experience, or expertise in the insurance industry.

Step One

Ask Someone You Trust to Suggest a Local Agent in Rocklin
Word of mouth has always been one of the most trusted forms of advertising. When someone finds a good agent, they will share his/her information with friends and family members when asked. Ask your friends and family if they know of a good agent they are happy with. Your referrals should be of agents that are close to home and agents who are qualified.

Step Two

Interview All Prospective Insurance Agents
When you have the names of two or three Rocklin insurance agents you think might be a good choice in an insurance agent, then it is time to interview the agents. Interviewing can be difficult, and it is important that you don’t get discouraged. Ask the agents about specifics, discuss your needs and situations and listen to their advice. Don’t be gun shy. Ask plenty of questions. You should be comfortable with the agent and the agent should be someone you are able to trust. If the agent comes across as simply “wanting to sell you a policy” then go elsewhere.

Step Three

Find an Insurance Expert
When you shop for agents, shop agents who are true insurance experts. There are advantages to an expert, such as helping you determine your needs and guiding you through the process of filling out a claim so you get paid top dollar for your claim.

Step Four

Check-out the Background of the Insurance Agent

Always be sure to confirm the agent’s licensing is current and meets state requirements. Ask for a copy of the agent’s license. Also get in touch with the Better Business Bureau to find out if there are any complaints filed against the agent.
Peterson & Grantham is California’s most extensive network of insurance brokers, serving Rocklin homeowners with home insurance needs. To speak with an insurance agent please call 916-431-0400 or 800-652-0557 or to obtain free quotes on affordable home insurance in Rocklin, please visit our site. We are experts in the insurance industry, offering homeowners insurance at affordable prices.

Homeowners Insurance Lincoln, CAJuly 2nd, 2013

Homeowners Insurance in Lincoln- Why the Need?

Homeowners insurance is not only a financial security that should be purchased, but the law also mandates it. No home is invincible, as there are many threats that can damage a home and the belongings within it. When damage results to a home, a property owner can be sent into a costly world of repairing and replacing, and sometimes rebuilding. Homeowners insurance in Lincoln ensures you have coverage for accidents and even natural disasters.

Reasons to Purchase Homeowners Insurance

There are many different reasons to get homeowners insurance in Lincoln, aside from the fact that you likely won’t be able to purchase a home without it and that it is mandated by law. There are strange weather disturbances occurring more frequently around the world. It is not unusual to open the paper and read about a terrible storm, flood, or earthquake that has taken the lives of thousands and left behind a terrible aftermath of the destruction. Crime is also a consideration. One home theft can result in a total loss of your belongings. Homeowners insurance covers threats like fire, flood, accidents, and other unfortunate events.

Understanding Homeowners Insurance Policies

Homeowners’ policies will be different. You’ll find that some cover all kinds of possible damage. Others may only cover specific kinds of damage. For instance, you may be offered one policy that covers fire damage but not earthquake or flood damage. Many policies will require an additional cost to have added coverage of specific types of threats such as earthquake or flood. You’ll also find that not all policies include coverage on personal belongings, or you may be quoted a policy that only covers personal belongings. It is important to be aware of all the coverage and exclusions of the policy. If you have questions regarding an insurance policy, it is essential to speak with an insurance expert. The first step is to shop around to obtain quotes.

How to Obtain Insurance Quotes

There are three ways to obtain an insurance quote. The first is to visit the insurance provider in person and ask for homeowner insurance quotes. The second is to call different insurance providers over the phone. The third is to access the Internet and visit an insurance website that offers free insurance quotes. Of the three, accessing the Internet for insurance quotes is by far the most convenient. Quotes will be sent directly to your email box, or you will be directed to a separate page where the insurance quotes are displayed.
Obtaining homeowners insurance in Lincoln can be a stressful event in itself. If you have started to shop for homeowners insurance, you understand just how difficult it can be. At Peterson & Grantham we take the hassle out of finding the right insurance policy. We are California’s largest network of insurance providers, offering free home insurance quotes for Lincoln property owners from multiple insurance brokers, as well as having plenty of insurance agents and brokers standing by to help assist and support you with your insurance purchase.