Category: Renters Insurance

What Does My Renters Insurance Cover?

If you are renting a home or apartment, it is important to have renters insurance. Although there is no legal requirement that you carry renters insurance, it may be required by your landlord under the terms of your lease. It helps protect both you and your landlord by ensuring that, if something happens on the premises, either the landlord’s insurance or your renters insurance will...

Water Damage to the Home…How Can it be Prevented?

Water damage accounts for about 25% of all homeowners’ property insurance claims. Some of these problems are the result of events beyond our control such as torrential rain and hurricanes. Significant water damage is often caused when ordinary household appliances or plumbing fail. We can do quite a bit to avoid the costs and inconvenience of water damage.   Step one: Locate the “main water...

In-Home Business? Here are some exposure concerns...

IN-HOME BUSINESS: The U.S. has experienced rapid growth in home-based businesses in the last decade; there are over 11 million home-based business in the country. The question is, do they have proper insurance? Most home-based business owners assume that their “homeowner policy” provides coverage for their business. That policy specifically excludes business liability exposures and offers only limited coverage for business personal property (BPP). If...

Risks of Buying Cheap Insurance...

Everyone wants value for their money. Everyone wants the best price. At what point does inexpensive become “cheap”? Why does The Nicolaysen Agency seem to come up with prices that might not be the cheapest? When you’re dealing with a commodity, where one item is the same as another, cheapest price works. However, most of the things we buy are associated, in some way, with...

Why an Umbrella Policy?

What is an Umbrella Policy? It’s a separate product protecting you from liability over (and above) that provided by your other personal insurance policies. Holding this extra layer of protection requires that your underlying (base) policies (auto and home insurance) carry (at least) minimum liability limits. Umbrella policy protection is not limited to auto and home, and that is really the core of our concern:...