Archive for the ‘Home Owner Tips’ Category

Home Insurance Quote – Roseville, CAWednesday, June 19th, 2013

Peterson & Grantham Insurance Brokers is an independent insurance agency located in Roseville, CA. We work with over a dozen different insurance companies (Mercury,
Allied, Travelers, Hartford,Kemper, CIG, CSE, Chubb, Fidelity, Fireman’s Fund, MetLife, Foremost, and Safeco Insurance).

All the insurance companies we represent are A+ rated and are preferred insurance carriers. Regardless if you are buying a home that is brand new or the home is over 50 years old with have the right insurance company for you.

Bundle your home and auto insurance and get up to a 25% on your home insurance.

Call a local agent, not an 800 number or a dancing Geco who does not even write home insurance!

 

Curtis Peterson/President

916-431-0400

1508 Eureka Rd Ste. 175

Roseville, CA 95661

CA license # 0F96366

Home Insurance Roseville, CAMonday, June 3rd, 2013

Is buying insurance online a good idea? After looking at some new data 65% of all consumers are looking online before they purchase insurance. Our agency Peterson & Grantham Insurance Brokers located in Roseville, CA has seen a spike in the amount of phone calls from potential clients searching for home insurance online. Our agency has embraced all the new technology that is in our field. We have over a dozen insurance companies that we write home insurance with and in less you are using a “real time rater” you would spend your entire day going to each company and doing a quote for a client. With a “real time rater” we are able to enter the information 1 time and get a quote from all of our carriers at once. Besides saving time and being able to offer our clients the most competitive rate, all the coverages are the same across the board from each company.

From here I usually email 2-3 quotes to the client for review and then review the plus and minus about each company. Just because an insurance company is cheap does not mean they might be a good fit for you and the home you own. Some clients just want insurance and could care less about the coverage and just want the cheapest policy they can find. Other clients understand that a home is one of the largest investments they will ever make in their lives and want to make sure their home and assets are covered correctly even if it costs them a couple of more dollars.

So, shopping online for insurance is a good way to review a handful of quotes all at once but from there take your time review the quotes are speak to the agent directly and understand what you are getting and not getting from the the policy you are buying. It’s always a good idea to ask questions. Also, if the premium is less than you pay now the 2 coverage’s that have the bigest impact on premium is the dwelling coverage and the deductible. If an agent lowered your dwelling coverage and increased your deductible then you may not be getting a better deal!

 

Peterson & Grantham Insurance Brokers

Curtis Peterson/President

CA License #0F96366

1508 Eureka Rd Ste. 175

Roseville, CA 95661

916-431-0413

Insurance Broker/AgentTuesday, May 28th, 2013

I get asked all the time the difference between an insurance agent and an insurance broker. Regardless of where you live in California the Department of Insurance looks at agent and brokers as really the same thing, at least when it comes to licensing.

A “broker” is usually independent  and works with multiple insurance carriers to find their clients the best overall premium. These days majority of brokers do not change broker fees as they are paid directly from the insurance company they placed the business through. Now when it comes to non-standard auto insurance or hard to place commercial business many brokers charge an extra fee since these type of carriers pay less and there is a lot more work involved.

Now an “agent” is usually captive, which means they only work with one general insurance company and they are not allowed to place business outside of this carriers circle of companies. A lot of times this means you might pay higher premiums and the agent is hand cuffed if you are unhappy with the current premium since this is their only option.  This becomes an issue for the client if you don’t fit into the box the insurance company is looking for. Even know your agent might be great he has no control over the rates and is only able to lower the rate by decreasing coverage or increasing the deductible. The other option is looking at a discount you might qualify for that was not given previously.

It’s been my experience that a “broker” is going to be able to provide the same if not better customer service but also provide higher coverage limits for an overall low premium. If you find yourself in a situation where you have had multiple claims on your home or auto insurance or there are other issues a “broker” can usually find a way out for you.

 

Curtis Peterson/Owner

Peterson & Grantham Insurance Brokers

1508 Eureka Rd Ste. 175

Roseville, CA 95661

916-431-0413

Home Insurance QuotesFriday, May 24th, 2013

If you are looking for home insurance quotes for your home you should look at working with an Independent Insurance Agent since majority of them work with multiple of insurance carriers. Out agency Peterson & Grantham Insurance Brokers in Roseville, CA work with (Mercury, Allied, Travelers, Hartford,Kemper, CIG, Chubb, Fidelity, Fireman’s Fund, MetLife, Foremost, and Safeco Insurance). We are able to input your information into our real time rater and quote your home insurance with all of our carriers at one time. This is a huge benefit for our clients since they are able to get a good grasp of the cost for home insurance without having to call a dozen different agents. Also, for those hard to place homes due to wildfire/brush issues or claims we have access to non-admitted home insurance carriers as well that will write just about any home.

You will see premiums range from carrier to carrier of about 40%. Some insurance companies are more competitive with auto insurance then with home insurance, and others provide great rates on the home, but a higher rate on the auto insurance. The key is to find a carrier that is going to provide a great overall premium.

Peterson & Grantham Insurance Brokers

Curtis Peterson/Owner

0F96366

1508 Eureka Rd Ste. 175

Roseville, CA 95661

Home Insurance CompanyThursday, May 23rd, 2013

What to look for when choosing a home insurance company? There are many insurance carriers when looking for homeowners insurance in Roseville or throughout California to protect your home from a loss or a catastrophic event. Yes, it’s a fact that the chances your home burning down is very low, but home insurance claims are very common these days. Be careful not to turn in small claims under $2,500 as you might have a hard time getting insurance if you have multiple claims over a 3 year period.

When choosing a home insurance company not all policies or companies are created equal. First of all, you want to make sure the company who is writing the insurance actually writes the home insurance themselves. Meaning they don’t just broker it out to some carrier they have a contract with. With is common with non-standard carriers who do auto insurance like Progressive, Geico, Allstate, and a few others.

First things first, make sure your dwelling coverage and deductible are similar to what you have now and that a new carrier is not dropping your coverage or increasing your deductible to be competitive. Also, in this market the dwelling coverage or the cost to rebuild tents to be higher than the purchase price. This is due to extremely high labor and material costs.

A few other coverage’s that are important that might not be on your declaration page of standard coverage’s but are very important are Ordinance of Law or Building Code Upgrades, Water Sewer Back Up, and Replacement cost on Personal Property. When it comes to these coverage’s you want to have the following:

  1. Ordinance of Law or Building Code Upgrades – 25% or higher of your dwelling coverage
  2. Water Sewer Back Up – minimum of $5,000
  3. Replacement cost on Personal Property – Standard Endorsement

By adding or increasing these coverage’s you will insure that you have the coverage needed during a loss. Also, if your carrier has an option for an HO-5, you should up grade your policy as it provides better coverage when it comes to losses.

 

Curtis Peterson

Peterson & Grantham Insurance Brokers

1508 Eureka Rd Ste. 175

Roseville, CA 95661

916-431-0413

Homeowners Insurance Roseville, CATuesday, May 7th, 2013

Thank you for taking a few minutes to read some basic
information regarding homeowners insurance. My name is Curtis Peterson and I’m
the owner of the agency Peterson & Grantham Insurance Brokers in Roseville,
CA.

I speak to about 20-30 potential clients each week regarding
quotes for their homeowners insurance in the Roseville, CA area. About 30% of
the people I speak to are in the process of purchasing a home and need homeowners
insurance for the financing of their home. The other 70% of clients already own
their homes and are looking to lower the cost of their homeowners insurance in
Roseville and the surrounding areas.

For the potential clients what are just looking to lower the
cost of their homeowners insurance I’m seeing a common theme which is about 80%
of clients I speaking to are underinsured on their homeowners insurance in
Roseville and the outlined areas.

There are a couple of reasons I believe these clients are
currently underinsured.  First of all,
the majority of insurance carriers these days don’t actually write the
homeowners insurance themselves. A lot of the big names you see these days
advertising auto insurance on TV don’t write home insurance in Roseville or
anywhere in California. These carriers are only interested in the auto
insurance and broker the homeowners insurance out to some no name company that
is usually not a the option. The majority of consumers are thinking they are
purchasing homeowners insurance from the same company who writes their auto
insurance, when in fact they have zero part in protecting the client if
something happens to the home. Many of these third party companies your auto
insurance carrier is writing your homeowners insurance with are not local and
don’t even have offices in Roseville or anywhere in California.

To make things worse your homeowners “dwelling coverage” is
usually 25% to 40% underinsured. This means if you have a complete loss you
will be unable to rebuild your home! On top of your homeowner’s insurance
policy providing inadequate coverage, the premium associated of this coverage
is usually 40% higher than our competing carriers which are (Mercury,
Allied, Travelers, Hartford, Kemper, CIG, CSE, Chubb, Fidelity, Fireman’s Fund,
MetLife, Foremost, and Safeco).

If you are like me you should be thinking, I’m getting less coverage and paying a 40%
higher premium and the company my homeowners insurance with is going to nickel and
dime me on every claim and try to deny any claim I have on my homeowners
insurance.

To wrap things up, why are these fly by night homeowners insurance carriers providing
so much less coverage for a higher premium? First of all, your auto insurance
company that is brokering your homeowners insurance to them wants to make money
on the deal as well and they company writing the business what’s to make their
home. Yes, too many hands in the pot. Also, could you imagine if they actually
insurance you correctly the premium would sky rocket even higher then you are paying
now! So, they underinsure you to bring down the cost and to give them a chance
at writing your business.
Peterson& Grantham Insurance Brokers

Curtis
Peterson/Owner

916-431-0413

www.png-insurance.com

CA License # 0F96366

Homeowner: Your Washer & Dryer Could Lead to Home Insurance ClaimsTuesday, November 1st, 2011

Washers and dryers may seem pretty innocuous. You’d never leave your oven on or leave the house with a fire roaring in the fireplace. But you might throw a load in the washer or dryer just before heading out the door to run errands.

As it turns out, washers and dryers also pose risks to your home. Many homeowners have filed a claim related to a washer or dryer — these appliances caused $194 million in property damage in 2006,
according to the National Fire Protection Association (NFPA). If you end up filing a home insurance claim, you’ll likely pay a deductible and see your premium rise.

The risks

About one-third of dryer-related fires between 2003 and 2006 stemmed from clothing catching fire, according to NFPA. Culprits like dust and lint weren’t far behind — they caused 27 percent of dryer fires. Faulty wiring in washers and dryers as well as faulty casing for the machines also sparked their fair share of fires.

More than 90 percent of fires start with dryers — but washers aren’t innocent. A frayed, cracked or kinked water supply hose can spring a leak that weakens floorboards and damages possessions, according to State Farm.

Washing machine issues are a leading cause of water damage claims, according to the Insurance Institute for Home & Business Safety. After the deductible, these claims cost home insurance companies an average of more than $5,000.

Preventing damage from your washer

Damage prevention for your washer is all about the hose, according to State Farm:

  • Check your washer hoses regularly for bulging, cracking, fraying and leaks around hose ends.
  • If you find a problem, replace the hose immediately. A good rule of thumb is to replace it every three to five years as a precaution.
  • Leave at least 4 inches between the water connection and the back of the washing machine. This helps prevent kinks.

Preventing damage from your dryer

Preventing dryer-related fires — and home insurance claims — requires proper maintenance and regular diligence. According to NFPA, you should:

  • Let a professional install your dryer.
  • Always use a lint filter.
  • Clean the lint filter after every load of laundry.
  • Clean the air exhaust vent pipe at least once a year. If your clothes are taking longer than usual to dry, it may be time to have the lint cleaned out of your vent pipe.
  • For gas dryers, have a professional regularly check the gas line and connection.
  • Make sure you have a proper connection in the outlet.
  • Never overload the dryer.
  • Always follow the manufacturer’s operating instructions.
  • When you leave the house or go to bed, make sure the
    dryer is turned off.

For more information about insurance, homeowner tips or general questions please contact us at Peterson & Grantham at 916-431-0400 or 800-652-0557

Homeowner Insurance Tip When Remodelling Your HomeTuesday, November 1st, 2011

When you are remodelling, you should let your insurance company know. You should increase the value of the coverage to reflect the amount of money the remodeling project is going to cost. If you are building an addition to the house, it will be too late to wait until it is finished to change the insurance policy, because if the home happens to be destroyed before the work is done, the insurance company will not cover the cost of the addition.

You also have to make sure that the contractor you choose has insurance in the event of an accident happening as a result of equipment failure or some other reason that is the contractor’s fault. If the insurance the contractor has is not sufficient you may have to fill the gap with increased protection of your own. (content from bluepage.org)

Protect Your House from MoldMonday, October 31st, 2011

Mold growth is often the result of water damage and infiltration of moisture. In order to protect your house from mold you should do everything to can to eliminate moisture in the home. This means that you should seal any windows and door that allow moisture to seep in. Sometimes water seeps in through cracks in the basement and then mold builds up. You should always keep the basement floor dry and the walls well insulated. If you discover mold, you should take immediate steps to remove it in order to keep your home free of damage.

The basement is often an easy target for mold to develop. You should make sure that there are no leaks and use good insulation for the walls. (content from bluepage.org)

Swimming Pools Safety Tips to Consider for HomeownersSaturday, October 29th, 2011

One of the main things about practicing pool safety is to never leave children unattended in or around the pool. In order to keep people from using the pool when you are not around, you should have a high fence around it, so that no unauthorized people can get in and use the pool. You also have to make sure that the gates latch on the inside. Even if someone uses your pool without your permission and an accident happens, you can be held liable because it was not properly secured.

Make sure that a professional installs the pool so that it complies with safety standards. Do not rely too heavily on flotation devices when you have guests that are not swimmers and make sure there are no toys floating on the surface when there are small children around. The toys can attract them to try to reach for them and accidentally fall into the water. When the pool is not in use you should have a cover over it so that no one can accidentally slip and fall into the pool. Always store the chemicals you have for the pool in a safe area, away from children. (content from bluepage.org)