VRP Insurance Wants To Discuss Underinsured Homes
Posted: January 2, 2013
The biggest advantage that most people own is their residence. For the most part, homeowners are aware that their home could be damaged or destroyed from a number of causes. Homes have been demolished by catastrophic floods, fires and winds in most recent years, and because the chances may be possible, almost all property owners buy insurance to protect their home against certain types of...
VRP Insurance Wants To Discuss Home And Underground Storage Tanks
Posted: December 31, 2012
From the early 90s to present years, there have been plenty of residential properties with underground storage tanks. Most tanks are used for storing oil used for heating while other residences may have tanks for storing gas. In some cases, properties have tanks that were left buried after a home was changed to a utility service. If a homeowner has an underground tank, they must...
Are Vacant and Unoccupied Homes covered under insurance?
Posted: December 28, 2012
First, there IS a difference between vacant and unoccupied homes. While unoccupancy is a temporary condition and an exception to a residence normally having occupants, vacancy generally represents the abandonment of a home. Both of these conditions may affect your coverage under a typical homeowner policy. In order to keep your coverage intact, t is important to understand the consequences of either condition. Generally, there...
Is Your Home Winter Ready?
Posted: December 27, 2012
If you are a homeowner that lives in a climate that includes cold winters, you know the challenges the cold season can create for you. Without winter home readiness, minor to severe damage can occur to the home, causing unsafe situations for homeowners as well putting themselves into a financial hole. In this reading, we discuss a few hazards that homeowners can encounter during the...
Is Your Business Concerned About Its Vulnerability to Utility Losses?
Posted: December 21, 2012
A commercial property insurance policy can be depended upon handling direct losses to a business property. Although, what happens when mother nature acts up and causes consequential damage by knocking out utility services? Property could be harmed by heat-induced transformer breakdowns; or broken power lines, including compressors, motors and switches. Equipment damage can also result in a power surge which may harm expensive equipment. Commercial...