RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Many Renters Underestimate Insurance Needs

May 14, 2015 12:39 am

Though many renter’s insurance policies are affordable, more than half of Americans who rent their homes or apartments do not have coverage, according to a recent InsuranceQuotes.com survey. Just 37 percent of renter respondents have renter’s insurance. Why the indifference?

The National Association of Insurance Commissioners reports the average cost of renter’s insurance is just $187 per year. But the majority of renter respondents say they lack renter’s insurance because it is too expensive – 71 percent believe a policy will cost more than $250 a year, and 22 percent believe a policy will cost $1,000 or more a year.

Other respondents report not needing insurance because their rental home or apartment is secure, their landlord has insurance or they don’t have enough property to insure.

“Landlord’s insurance typically doesn’t cover renters’ belongings,” says Laura Adams, InsuranceQuotes.com. “And even in a highly secure area, theft, fire, water damage and other accidents can still occur and are costly expenses to pay for out-of-pocket. Renter’s insurance is an inexpensive financial safety net that every renter should have.”

Source: InsuranceQuotes.com

Published with permission from RISMedia.


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Hurricane Season: 3 Property Protection Tips

May 14, 2015 12:39 am

When it comes to hurricane season, just one storm can devastate a community, state or entire region. To lower your risk, the Insurance Institute for Business & Home Safety (IBHS) advises protecting the areas of your home most susceptible to hurricane damage: entry points, the roof and the outdoors.

To protect your property from damage caused by high winds and wind-driven rain:

Fortify Windows and Doors – Protect all windows and doors from high winds and flying debris. Failure of a large window or door can result in pressurization inside the home, and potential damage. Attention should be given to all windows, entry doors, sliding glass doors, and garage doors.

Strengthen Your Roof – The roof is a home’s first line of defense against Mother Nature, making it the most important and most vulnerably access point. Roof cover damage occurs in the vast majority of wind-related claims, and a damaged roof can allow wind and rain to enter your home, resulting in even more damage. Consult with a certified roofing professional and your insurance company before making repairs or replacements.

Prepare Your Surroundings – Limit possible sources of wind-borne debris by surveying your building’s surroundings before a storm and trimming overhanging trees and removing anything that could potentially be picked up by high winds. Keep in mind that even seemingly heavy objects can become flying missiles during strong hurricanes.

Source: IBHS

Published with permission from RISMedia.


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