Posts Tagged ‘House Insurance’

Auto-Owners Insurance Company continues exceptional financial ratings.

Thursday, April 25th, 2019

Auto-Owners Insurance Group continues to be recognized for exceptional financial strength and stability among the nation’s largest insurers. Auto-Owners has once again received the highest AM Best Rating of A++ (superior), and is only 1 of 9 P&C insurers in the United States to do so. This now makes it 47 years in a row Auto-Owners has earned this coveted rating.

Beck Insurance Agency is proud of our relationship with Auto-Owners, having signed our agency contract with them in 1950.

For more information on Auto-Owners click here.

For Auto-Owners quotes call 419-446-2777, or click here.

Wood-Burning Stove Safety

Friday, January 25th, 2019

Having a wood-burning stove as a source of supplemental heat during the colder months can result in significant cost savings on your electric bill, but did you know it can cause an increase in premium on your homeowners insurance?

fire in domestic stove on the kitchen

What to know:

•Even if you have a new wood-burning stove, the act of burning wood as a source of heat creates the possibility of sparking or spitting of hot embers. Taken in combination with combustible materials around your wood-burning stove, there is an increased risk.

•If you are considering having a wood-burning stove installed, be sure it is UL approved and professionally installed. Not only will this help ensure the safety of your home and family, but many insurers will not provide insurance unless certain safety standards or clearances are met. Most insurance carriers will want to do an additional inspection on the unit itself as well.

•Notify your insurance company of the presence of such a stove in your home to ensure you have proper coverage on your home and belongings.

How to maintain wood-stove safety:

•Have the chimney and stove cleaned and inspected annually before you begin using it for the season.

•Look over your unit and chimney regularly for potential cracks. This will help you catch something small before it becomes an issue.

•Follow all clearance requirements in the home. This rule applies to people and pets as well as furniture and other combustible materials. This will help prevent burn injuries as well as limit the risk of a fire starting outside the unit.

•Only burn dry wood. Burning wood can cause deposits known as creosote to build up. If not properly maintained, these deposits can ignite and cause chimney fires.

Having a wood-burning stove doesn’t have to be scary. Make sure you fully understand the risks and responsibilities associated with having one in your home. Also, be sure to talk with your insurance agent or carrier if there are ever any changes in your home that could impact your insurance. Stay warm out there!

References:

https://www.nfpa.org/-/media/Files/Public-Education/Resources/Safety-tip-sheets/WoodPelletStoveSafety.ashx

https://www.doityourself.com/stry/10-safety-tips-to-remember-when-using-a-wood-burning-stove

Content courtesy of Acuity Insurance / Addie B.

Ice Dams….what you need to know.

Monday, January 21st, 2019

It’s that time of year again! As snow freezes and thaws, you may experience ice dams building up in your gutters or on low-sloping roof areas. Unfortunately, this means that a blockage has been created and the water from the melting snow on your roof cannot flow from the gutters to the downspouts. This can potentially cause the water to back up under your shingles.

Oftentimes if the melting snow, water and ice cannot move through your gutters unobstructed, it finds a way into your home, causing damage to your walls, ceilings or insulation. Typically there is minimal, if any, damage to the shingles on your roof. However, it may be necessary to pay a professional to remove snow or ice in the affected area to prevent any further damage. As your policy requires you to mitigate damages, a reasonable cost to do so may be covered under your applicable building policy. In the event of a covered loss, be sure to work with your contractor and claim adjuster to determine a reasonable cost for this service, and always obtain an invoice to present for reimbursement (subject to your policy limits and deductible).

You cannot control the weather, but you can take steps to identify ice dams and prevent them from causing damage to your home:

•Keep your gutters and the areas near your downspouts clear so water is unobstructed when channeled away from your roof.
•Consistently check your attic and the tops of exterior walls for moisture or water stains.
•Safely remove excess snow and icicles from the edge of your roof, if possible.
•Long-term prevention of ice dams includes proper insulation in your attic and applying an ice and water shield membrane under your shingles.

Contact Beck Insurance Agency today for your house insurance needs.  419-446-2777

Content originally posted here by Auto-Owners Insurance Company.

 

Why is my house insurance limit so high?

Wednesday, January 16th, 2019

Some great points courtesy of Acuity Insurance, on a topic we hear about frequently….

Why does it cost more to rebuild after a loss compared to new construction? Shouldn’t the costs be about the same?

The answer is no. Reconstruction almost always costs more than brand-new construction, particularly when there has been a partial loss, and there are several reasons why.

• Repairing a building after a partial loss often means working from the top down, which is a far more time-consuming and labor-intensive process compared to building from the bottom up

• Typically, remnants of the damaged structure need to be removed before reconstruction can begin. Demolition and debris removal are expenses that add up before the first cement can be poured or the first nail hammered in.

• Current building codes are often stricter than those that were in force when the original structure was built, requiring more expensive materials and methods for compliance. In some cases, even undamaged parts of a structure may need to be rewired or re-plumbed to meet current codes.

• In the wake of natural disasters, building material costs rise sharply, and this can add thousands of dollars to the cost. Labor availability may also be more limited, further increasing costs.

• Reconstruction sites can present additional challenges, including difficult access to the worksite and the need to protect undamaged portions of the building.

Of course there are more factors, but these are some excellent points!  Thanks Acuity!

For more information or quotes on your home insurance please call or click.  419-446-2777.

Have a great day!  Beck Insurance Agency, Inc., Archbold, Ohio.

 

Home and Auto Insurance Quotes

Tuesday, July 17th, 2018

Interested in home and auto insurance quotes?  Has it been awhile since you last looked?  Are you confident that your coverage provides adequate protection against financial devastation?  Are your premiums fair for the coverage being carried?

The insurance industry as a whole has done the buying public a great disservice with their continual “cheapest insurance is best” marketing.  Everyone is going to save you hundreds by switching to them, but what protection are you getting in return?  What good does it do if the worst happens and you are financially ruined?

If any of this concerns you, please give Beck Insurance a call for free, no obligation review and quotes.  We will evaluate your needs, identify exposures and propose plans to do just what insurance is intended to do in the first place….protect you.

Natalie Grieser & Kylie Schultz, two of our personal home and auto insurance specialists…are ready to quote your business and earn your trust.  Contact one of them today.

Phone 419-446-2777  /  Online Request Here  /  Email – Natalie@beckinsurance.com or kylie@beckinsurance.com

 

How Much Home Insurance is Enough

Tuesday, June 26th, 2018

How Much Home Insurance is Enough

The cost to rebuild your home is its replacement value. This can be very different from the estimated market value or actual purchase price. In most cases, it costs more to rebuild the home you own than to buy a new one.

Ohio, Indiana, Michigan, Tennessee, Georgia How much home insurance is right for you?

Based in Archbold, Ohio, Beck Insurance Agency understands the home insurance needs of our customers. We’ll work with you to estimate the replacement cost for your home and to adjust your policy limits from time to time as needed.

It is critical that you provide us with accurate, updated information about your home and contents. If your dwelling limit accurately reflects your home’s true replacement cost, some companies will pay more than the limit if a covered loss is greater than the limit on your policy.

Once a review of your home and possessions indicates you are properly insured, it’s a good idea to reexamine your coverages and limits from time to time, especially whenever you make additions or improvements. Beck Insurance Agency can help you re-evaluate your insurance needs, just give us a call at 419-446-2777 to speak with one of our agents.

Be Sure You Have Enough Homeowners Insurance
Here are some steps you can take to reduce the danger of being seriously underinsured:

1. Call Beck Insurance Agency.  If you have questions or concerns about the limits in your policy, ask us to show you how those amounts were calculated. This will also give you an opportunity to make us aware of any overlooked information.

2. Read your policy. Certain property, such as jewelry, and certain perils, such as earthquake or flood, is better insured or only available separately. Knowing what is covered and for how much will help you insure properly. If there is anything in your policy you don’t understand, contact Beck Insurance Agency at 419-446-2777 and ask for an explanation.

3. Review. At each annual renewal of your policy, you receive a new Policy Declarations page showing limits of coverage and optional coverages. Review this information. If you do any significant remodeling or add a family room, extra bedroom or bathroom, etc., tell us about these changes so your coverage limits can be adjusted to cover the improvement.

4. Consider carefully whether your policy provides all the protection you need. Does it provide coverage for extra costs resulting from building code changes? Does it automatically increase coverage limits annually to keep pace with inflation? Does it provide additional funds if the cost of rebuilding your home exceeds the policy limits?

Make sure you know:

• Will your insurance company stand behind agreed upon repairs after a claim? Some companies are willing to put this guarantee in writing.

• Does your policy include replacement cost coverage for contents (clothing, furniture, appliances, and other personal property inside your home)? If not, you can add it by endorsement. The cost is small, the protection valuable. Replacement Cost Coverage pays for losses to your possessions at the cost of brand new items. Without this option, a covered loss to your personal possessions would be depreciated by their age and condition, reducing the size of your claim settlement.  If you have an art collection, antique furniture, jewelry, or other valuable possessions, talk to your agent about supplemental coverages, such as fine arts or scheduled property endorsements, to adequately protect your investment in these items. The cost is modest for the extra protection, and often the deductible is waived.

Consider whether you should have more coverage for personal property (contents) than your policy provides. Personal property coverage is usually 50-70% of the coverage limit for the structure. . Supplemental protection is available for a small additional premium.  Inventory your home. Prepare an inventory of personal property items, update it periodically, and keep it in a safe place outside your home, such as a safe deposit box at your bank. It will save you hours of time trying to list everything damaged or destroyed if you need to make a claim. It will also help ensure you don’t forget some items. Beck Insurance can advise you on ways to simplify the job of preparing a personal property inventory such as videotaping each room with descriptive information on the sound track.

Personal Liability

Besides making sure you have enough protection to cover possible damage to your own home and contents, you should also evaluate your exposure to liability risks. These result from damage to the property of another, or injury to a person, not a member of your household, for which you can be responsible.  In recent years it’s become common for homeowners to be sued for injuries or damages to others, even when there is no evidence of negligence by the homeowner. The reality today is if you have any appreciable assets, you are exposed to the risk of being sued. Even if you ultimately prevail in court, your legal fees and the months or years of worry and uncertainty can be a terrible burden on you and your family.

The Personal Liability coverage provided by your Homeowners Policy usually provides a limit of $100,000 or $300,000. We recommend increasing this protection with a personal umbrella policy. Not only will it increase your personal liability, but also your auto liability. Limits are available from $1 million to $10 million and beyond. The cost of this coverage is usually very reasonable.
The right coverage for you is unique – talk to Beck Insurance Agency today to find out how to get the best price and value on home insurance for you.