Prep your home for the upcoming arrival of your little bundle of joy.
If you’re a parent-to-be, you’re in a for an exciting time of life. Expecting the stork at any minute means that your life will change drastically. From 3 a.m. feedings to triple-tasking to making sure your child’s college fund grows along with them, your child will rapidly become your first priority.
So that your child doesn’t face daily household dangers (and you have less to do), put these tips into practice before bringing the little one home:
- Keep long strings and cords tied up and out of reach.
- Search your house for small items that can cause choking: dropped coins, buttons, flower petals, and trash.
- Use anti-scald devices for faucets and showerheads. Lower your water settings and always test the water before dipping your baby in.
- Install corner and edge bumpers for tables and other furniture to help prevent injuries from falls.
- Add baby gates to rooms which may be dangerous for children (think basements, utility rooms) as well as at the top and the bottom of stairs.
- Household plants can be toxic if ingested. Lift plants up from the floor and place them on a high shelf or ledge.
- Replace all sockets with childproof sockets.
- Remove all mouse traps in your home.
- Anchor heavy furniture and appliances that could fall on young children.
- Ensure that the baby monitor is working!
Before your bundle of joy arrives, take a moment to review your insurance coverages. Your homeowners insurance policy should be up to date with all of your new baby purchases, and your life insurance should ensure that your growing family has protection should you pass.
To ensure that your home and life policies are up to date with your life and family, contact the Insurance Agency of Dean Davis in Austin, Texas today!
It’s home-buying season! Be sure to keep your homeowners insurance during the switch.
Spring has well and truly sprung in Austin, Texas, leading many homeowners to put their home on the market and plenty of deals are closing. During the midst of planning, packing, and organizing the move, it’s easy to forget about your homeowners insurance coverage.
Now, more than ever, is the time ensure that you have your homeowners insurance coverage maintained – and for the right property! Should you move house and your new home suffers from a fire or theft and your homeowners insurance policy has not yet been switched, you’ll be left with a hefty expense of repairing and replacing your belongings – and wishing you’d sprung for coverage.
Time It Right
Ideally, call your home insurer before you put an offer in on a house. The insurer will be able to discuss the cost of insurance and some risks that you may face in buying that new home. The aim is to cancel the old policy on the data that you no longer have ownership of the property and start the new policy on the date that you have ownership of the new home.
Nine times out of ten, your closing date will get pushed back. Therefore, most insurance companies contact the homeowners after the closing to make sure that the house has actually closed.
In most cases, mortgage companies may request certain conditions in connection with the policy. Contacting your insurer early can also make sure that you don’t experience any setbacks with the lender.
Are you ready to receive all-encompassing homeowners insurance protection? Start your experience in your new home on the right foot by protecting your home and belongings! Visit the insurance professionals at the Insurance Agency of Dean Davis in Austin, Texas to get started on your home policy!
With winter in full swing, and record-breaking storms on the horizon, it’s important to know how well your home is covered.
The tragedy happens when you think that you’re covered, but loopholes in your policy leave you vulnerable. Make sure you know your policy and have the exact coverage that you want, and, more importantly, need.
With a little bit of research and being proactive, you can make sure you have a great policy in place. Here are some common mistakes to avoid.
- Don’t Underinsure
Many homeowners only purchase enough insurance to cover their mortgage, which can be only up to 80-90% the value of their home. Furthermore, even if the full value of your home is covered, it may cost more to rebuild your house.
Here’s what to do. Hire a professional to estimate the value of what it would cost to rebuild your house. Many insurers provide this service for free or a fee of about $300. If you truly value your home, this fee may feel very small compared to the knowledge you’ll be getting in return.
- Don’t Assume You Have Flood Insurance
Make sure to always ask your agent if you are covered for a flood. If you live near a body of water, it may be part of your mortgage agreement to have flood insurance, but if not, then double check. Look at floodsmart.gov to see how big the risk is in your area and make sure you are adequately covered.
- Don’t Think You Have One Deductible Across the Board
You might think that your maximum out of pocket payment will be $500 or $1000, but make sure that there aren’t special circumstances that make you have to cover 10-15% of the cost.
With these helpful tips, you’ll be better aware of how strong your policy actually is.
For all of your home insurance needs in Austin, Texas, contact Insurance Agency of Dean Davis.
The holidays bring a unique set of dangers to your house.
The holidays are meant to be full of cheer. Unfortunately, just one accident can be enough to ruin your entire season. Knowing how to protect yourself and your family from any disaster that you may face will help to ensure that you can take full advantage of the season. Keep these holiday homeowners liabilities in mind to prepare for the season.
Your chestnut roasting leads to a home fire.
Home fire claims increase more than 10 percent during the holiday season, although not all of them are tied to chestnuts. Typical homeowners insurance policies will provide coverage if your house is burnt down. Looking over your home inventory to ensure it is up to date before the holidays will help to ensure that you have the right amount of coverage.
Thieves break in and steal all of your perfectly wrapped gifts.
Home insurance policies generally provide coverage for your personal belongings at 50 to 70 percent of your dwelling coverage. If any of your gifts are extremely valuable, such as a new diamond ring for that someone special, you should schedule it within your policy to ensure it is properly covered.
A delivery man slips and falls on your walkway.
Your existing home insurance policy will provide liability coverage for injuries that occur on your property. However, the limits can easily be exceeded depending on how hard the delivery man fell. Investing in a personal umbrella insurance policy will help to provide the additional coverage that you need to ensure that you aren’t financially devastated after just one accident.
For all of your homeowners insurance needs to ensure that you have the coverage that you deserve in case you have to make a claim this holiday season, contact the Insurance Agency of Dean Davis in Austin, Texas.
How your insurance company will deal with damage caused by a fallen tree.
Homeowners insurance policies will provide coverage for damage that is caused to your house during a strong windstorm. However, do you know if your home insurance policy will also provide coverage if that windstorm causes a tree to fall on your house? Keep these tree damage and homeowners insurance considerations in mind to ensure that you have the right amount of protection.
If a tree falls on your house, or any other structure on your house, your homeowners insurance policy will kick in and provide coverage. Your home insurance policy will provide coverage for any personal belongings that were damaged as well as the structures, up to the limits of your policy.
If a neighbor’s tree falls on your house during a storm, filing an insurance claim can be a little more confusing. If the tree was healthy and well cared for, your own home insurance policy will take care of the damage. However, if you are able to prove that the tree as dead or diseased, your insurance company will most likely try to collect a payout from your neighbor’s homeowners policy through subrogation. If your insurer is successful and able to get a payout from the other company, you will be reimbursed for your deductible.
When it comes to the clean-up of the tree, most homeowners insurance policies will only provide coverage for debris removal if the debris is what actually caused the damage. If the tree fell on your property and did not cause any damage, you will be left paying for the clean-up on your own.
Contact the Insurance Agency of Dean Davis in Austin, Texas for all of your homeowners insurance needs to ensure that you have the right amount of protection for any damage done during a storm.
Home Insurance Factors
Your homeowners insurance policy is most likely one of the most important insurance policies you have since it protects your most valuable assets – your house. To ensure that your home insurance is working best to protect your house and assets, take the time to fully understand these policy factors.
- Deductible – your deductible is the amount that you will have to pay out of your pocket before your coverage will kick in. Choose a deductible that you can comfortably afford at any moment in case of an accident.
- Premiums – this is the amount that you will pay for your coverage each month. One of the best ways to keep your premium affordable is to choose the highest deductible that you can comfortably afford.
- Discounts – just like all of your other insurance policies, there are plenty of discounts that are available to help lower the cost of your policy. Talk with your insurance agent to see if you are taking advantage of all the discounts that you qualify for.
- Liability limits – your liability coverage will provide coverage for any legal fees that you incur when someone is injured while at your house. Make sure that your liability limits are high enough to protect all of your assets.
- Exclusions – even though your home insurance policy will provide coverage for many situations, it will not provide coverage for everything. Knowing what is excluded will help you figure out if you need additional insurance policies to stay protected.
- Renewal period – typical homeowners insurance policies will need to be renewed either annually or bi-annually. Choose the option that will work best for your finances and needs.
Contact the Insurance Agency of Dean Davis in Austin, Texas to ensure that your homeowners insurance policy is working its best to keep your home and family safe.
Insurance Coverage Basics
Millions of Americans are living in homes with multiple generations of their family. While this may not be an uncommon situation, it may create a special situation for your home insurance policy. Knowing how to protect your home and family with the right home insurance coverage can help to ensure that you are covered from any situation that you may face.
- Personal property coverage – with more people living in one house, it means that there will be more belongings to cover. You should consider increasing the personal property portion of your homeowners insurance policy, and updating your home inventory to make sure that you have the coverage that you deserve.
- Dwelling coverage – if you have added on any additions to your house to better accommodate your family, you will need to increase the dwelling coverage of your homeowners insurance policy. The more square footage your home has, the more protection you will need to make sure that you will be able to rebuild your home if it is a complete loss.
- Flood insurance – while your homeowners insurance policy will provide coverage for many perils, it will not provide any coverage for rising waters. With the recent floods all over the state, it has never been more important to make sure that you are covered with the right flood insurance policy.
- Umbrella insurance – even if you increase all of your insurance policies, it still may not provide enough coverage. With new lawsuits filed every day, your chances of being sued for any issue continues to rise. A personal umbrella insurance policy will provide the extra liability insurance coverage that you need to protect your family and finances from any accident.
For all of your insurance coverage needs, contact Dean Davis Insurance in Austin, Texas. As an independent insurance agency, we will work with you to make sure that all of your insurance policies are working their best for your needs.