A home is so much more than the bricks, mortar, and lumber used to build it, especially for your high net worth clients. It's full of memories, private collections, and cherished belongings--and your client’s personality and interests are reflected in every exquisite detail. If your client experiences a claim, they want more than a check from the...
The Importance of A Personal Articles Floater
A common misconception of homeowners is that all personal belongings are covered under their insurance policy. Unfortunately, there are several capped coverages for the items people deem most important (think maximum jewelry limit of $5,000 in some cases). A separate Personal Articles Floater (PAF) policy is critical to ensure your clients have...
Difficult Homeowners Risks Just Got Easy!
Let’s face the facts: Your clients are going to have homeowners’ claims. They are going to buy that coastal secondary home in Florida or California and call you the day of closing for coverage. They are going to rent out their seasonal home on AirBnB. They are going to tell you there is a fire department within 5 miles when there isn’t....
Sharing Economy Trends Pose New Concerns for Insurance Coverage Gaps
Over the last few years, an entirely new way to add to household income has entered the market place. It’s called the “sharing economy.” This is an exciting and profitable industry but far too often homeowners forget a crucial step: insurance. According to Forbes: “The sharing economy is currently worth about $26 billion and grows bigger each...
HOW TO CHOOSE A REPUTABLE CONTRACTOR
No matter how well-built they are, your buildings will need some maintenance, repairs and sometimes some upgrades or renovations. Choosing the right people to take on these important tasks can be daunting, but it is necessary to ensure that the work you need gets done in the right way. By carefully vetting the people who work on your structures,...
RANSOMWARE DEMAND? ARE YOU PURCHASING BITCOINS FROM A REPUTABLE SOURCE? 3 TIPS FOR A TRUSTWORTHY EXCHANGE
Ransomware demands have become an all too common fact of life in the digital age. While all cyber insurers will advise an insured not to pay the ransom, payments are sometimes made to unlock the insured’s IT systems. In most cases the hackers will want to be paid in digital currency—Bitcoin, for example. Paying in Bitcoin is not as easy as...
5 TIPS FOR DEFENDING AGAINST THE DIFFERENT TYPES OF MALWARE
In a world where computer use is necessary and ubiquitous, cyber criminals are always on the lookout for ways to exploit your resources and your data. Malware, ransomware and viruses cause millions of dollars in losses every year. Here are a few tips to help your clients avoid becoming a victim: Install a firewall on your computer. Firewalls...
ARE YOU READY TO SPRING AHEAD? THE BEST TIPS FOR GETTING YOUR HOUSE READY FOR SPRINGTIME
Daylight savings means turning the clocks forward to enjoy an extra hour of sunlight at the end of every day. Since the clock change happens around the same time every year, it’s also a good cue to take care of other things that can get your home ready for spring. Here are some tips: Turn your mattress. Mattresses last longer when the wear on...
OWNERS INTEREST CGL, OCP COVERAGE AND WRAP-UPS: WHAT’S THE DIFFERENCE?
During a construction project, a number of risks can arise. Property owners have several insurance options available to manage risks. There are three major types of insurance policies available to make sure that you are covered: Owner’s Interest Policies, Owners and Contractors Policies and Owner Controlled Insurance Policies, which are also...
4 REASONS TO ADDRESS ICE DAMS BEFORE TEMPERATURES DROP
While ice dams are an issue that crops up when the weather gets cold and wet, that is not the ideal time to deal with them. You can do better by preventing the issue before it ever happens instead of playing catch up when you already have ice dams on your home. A few of the reasons to address ice dams now: Prevention is better than fixing after...
4 TIPS YOU SHOULD KNOW BEFORE STARTING A HOME RENOVATION OR ADDITION PROJECT
Is it time for your New England home to get a face-lift? A home renovation takes a lot of planning and trust to come out right. Keep these tips in mind to make your renovation go smoothly and to end up with results that you want. Get multiple quotes. Before you hire a contractor, it’s important to see what others in the area want for the job. You...
TIPS TO USE YOUR HEAT EFFECTIVELY THIS WINTER
Winter heating costs can take a bite out of your budget in New England. Even with this year’s lower energy prices, the Department of Energy still estimates that the average household could shell out as much as $2,500 or more to keep warm over the colder months. Doing what you can to use your heating system efficiently can help you stay...