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There are several reasons why an insurance company might want to inspect your home. One is to estimate replacement cost when issuing a brand new homeowner’s policy. And sometimes maybe for your renewal. All state’s inspections are primarily external inspections, meaning we’re not going to ask to enter into your home. In some very rare cases, an internal inspection may be required, but you’ll be notified beforehand. We’re looking for problems with the roof, siding, loose exterior stairs, et cetera. These inspections usually take place within 30 days from the start of the policy. The primary reason for these inspections is to ensure that the dwelling coverage amount accurately reflects the cost to rebuild your home in the event of a total loss. Another reason is to verify information and eliminate risks we might have missed. When you receive an Allstate homeowners quote, we’ve used software to calculate the cost to replace your home, and some cases even rebuild it from the ground up. The software is great and it pulls from public records, but every home is unique. So the best way to validate the cost to rebuild is through a home insurance inspection. Inspectors are trained to recognize and identify certain conditions that raise the risk of a loss, such as problems with your roof or fire hazards on your property. Dangerous conditions, not known from a phone conversation or a web form filled out online. To sum it up, the home inspection process is a simple one, and it can bring you peace of mind knowing that your home is properly insured and that losses can be avoided by recognizing risk through the eyes of a professional.
As we continue our series of business insurance examples… See how Bad Luck Case #3 might have been improved with a Property Insurance Policy that included Debris Removal Coverage , along with Business Income Insurance . Bad Luck Case #4 reveals a very real need for Cyber Liability Insurance with Data Ransom Coverage
What insurance does a small business actually need? Much of a business’s success depends on how well it can overcome obstacles. Pinnacle One Insurance is here to help guide you through the perils that you likely don’t anticipate. Bad Luck Case #1 In this example, the hefty legal and judgment costs would have been covered by Hired and Non-Owned Auto Liability Insurance, up to purchased policy limits. Bad Luck Case #2 ACME had Worker’s Compensation Insurance that covered Julie’s expenses, but not Colleen’s. The state identified that ACME had misclassified Colleen, which led to hefty penalties and judgments for medical costs and damages.
Does your auto policy follow you if you’re going to rent a car? Yes. In most cases, most carriers, the insurance is going to follow, it’s the same that you have on your auto policy. So you’d have the liability coverage. You’d have the collision coverage with the same deductible, comprehensive with the same deductible. So it’s going to cover you. Driving a rental car in the United States, the same coverage you have on your auto policy. What’s not covered is the amount of money that the rental agency’s entitled to while the car is in the shop being repaired. So let’s say you were paying $35 a day, and it’s going to take 10 days to repair. You’re going to pay your deductible. You’re going to pay $350 in the lost rent for the rental agency. That’s it. Hope that helps. Your auto policy follows you when you rent a car.
Do you have any questions about homeowners insurance coverages? We’d be happy to help!
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Finding the best service providers in town can be frustrating. That no longer needs to be the case, because Pinnacle 1 Insurance has a listing of other local businesses that have been highly recommended by our valued customers!
At Pinnacle 1 Insurance , we believe you deserve top quality service… Period. That’s why we’re committed to giving you the best of us. We’ll always make sure you have the right coverage, the right discounts, and can take comfort in knowing the things that matter most to you are protected. We also believe in giving back! As Agents of Change in our community, we’re dedicated to helping others live well and thrive!As we continue our series of business insurance examples…
Do you have any questions about homeowners insurance coverages? We’d be happy to help!