The personal property and liability coverage provided within your Homeowners (and Renter) Insurance policy follows you throughout the world. That means your insurance policy is working for you even when you go on Vacation!

Certain types of personal property have sub-limits on amounts payable upon a loss. The most commonly seen limitation is the $1,500 restriction on Jewelry, (think Engagement Rings).

All you loyal insurance shoppers out there that have been with the same carrier for 10, 15, 20 years… You most likely are still on a Broad Form policy.

Insurance is often discussed with a disdain only Repo Men can admire. Unfotunately for the passionate insurance Haterz out there, much of the negitive emotion surrounding insurance is based on misconceptions.

Domestic Partners would be wise to understand the insurance concerns associated with their living situation. Both Gay and Straight domestic partners must realize that common insurance laws and practices were set up for the “Traditional Family Relationship.”

According to III.org Flood insurance covers direct physical losses by flood and losses resulting from flood-related erosion caused by heavy or prolonged rain, coastal storm surge, snow melt, blocked storm drainage systems, levee dam failure or other similar causes. To be considered a flood, waters must cover at least two acres or affect two properties.

Many pool owners believe that by fencing in their swimming pool and posting trespassing signs that they are relieving themselves of liability on the pool. This is not a proper assumption. According to Wikipedia, under the attractive nuisance doctrine of the law of torts, a landowner may be held liable for injuries to children trespassing on the land if the injury is caused by a hazardous object or condition on the land that is likely to attract children who are unable to appreciate the risk posed by the object or condition (www.wikipedia.org).

You recline comfortably in your new living room imagining yourself King of the Castle. You have a good job, a strong family and good health. You are “Livin Large” as one might say. But this beautiful dream can quickly become nightmare. Your castle, just a house of cards. You only purchased Homeowners insurance at the closing. That’s all you thought you needed. No one explained to you that Homeowners insurance alone does not guarantee the security of your new home purchase. When skillfully crafted by a strong insurance broker there are actually a minimum of five insurance policies needed to secure the future of both your family and your new home.

Water and Sump Pump Backup covers drains, discharges, sump pumps, and toilets. Basically any place where excess water can “backup” into your home. Most often this happens in the form of six inches of water on your basement floor. The water is dirty and disgusting and its going to cost you a few grand to clean up and dry out your basement, not including the damages to your personal property (which is also NOT covered without the Water Backup endorsement).

From first-time-home-buyers to seasoned investors, there is a common misconception that the amount a building is purchased for is the same amount that building should be insured for. Though instinctively this may seem the proper course of action, I will explain how under insuring a home, dwelling, or apartment can have grave consequences.