Home Owners Coverages

Confused as to what your home owner coverages mean?

Dwelling Coverage-

     Covers the value of the dwelling itself (not including the land).

Other Structures Coverage-

     Covers other structure around the property which are not used for business, except as a private garage. Personal Property Coverage-

    Covers personal property, with limits for the theft and loss of particular classes of items

Loss of Use/Additional Living Expenses Coverage-

     Covers expenses associated with additional living expenses (i.e. rental expenses) and fair rental value, if    

     part of the residence was rented, however only the rental income for the actual rent of the space not

     services provided such as utilities.

Additional Coverages-

Covers a variety of expenses such as debris removal, reasonable repairs, damage to trees and shrubs for certain named perils (excluding the most common causes of damage, wind and ice), fire department changes, removal of property, credit card / identity theft charges, loss assessment, collapse, landlord's furnishing, and some building additions. These vary depending upon the form.

Exclusions-

In an open perils policy, specific exclusions will be stated in this section. These generally include earth movement, water damage, power failure, neglect, war, nuclear hazard, intentional loss, and concurrent causation (for HO-3).

Are you paying too much for auto insurance?

We all want to save money. Expecially during these tough times. Here are some tips to save on your auto insurance:

 

Drive carefully

Drivers with no accidents, tickets or insurance claims almost always pay less for their auto insurance coverage. With a less than perfect driving record, you can find yourself paying much higher insurance premiums over the years.

Insure both your car and home with the same company

Again, this may qualify you for a discount called the "multi-line discount.” Most companies offer this discount as an incentive to get your home insurance business, too.

Increase your deductibles

The higher your deductibles, the lower your insurance premium, so raise them as much as you can. Keep it affordable though, because this amount is how much you'll have to cover if you need to submit a claim.

 

Make sure all your cars are on the same policy

Most insurance companies offer a "multi-vehicle discount" for customers who insure more than one car on the same policy.

 

Shop around

Make sure that you are getting the best rates avaliable in your area.

Compare apples-to-apples while shopping

When comparing car insurance quotes, make sure you're consistent and include the same deductibles, coverages, and limitations so to achieve like rates.

 

Get quotes if you have moved, or are moving

Don't assume your current auto insurer will continue to offer you the best rate at your new address. After moving, the best advice is to compare car insurance quotes. It's the only way to know you're still getting the best insurance rate possible.

Ask about other discounts you might be able to get

Additional common discounts include anti-theft, winter tire, age, low mileage, occupational and auto club discounts, all of which could save you money, if they are available and if you qualify.

Don't believe the myths about auto insurance premiums

Auto insurance premiums vary across insurers. In fact, each insurer's car insurance rates are so unique to them that it's likely safe to say that no two are alike.

What is covered on an Auto Policy?

The auto policy can include coverage for UP to six distinct risks, each of which is priced separately. They are:

• Bodily injury liability, for injuries the policyholder causes to someone else.
• Medical, or in some states, Personal Injury Protection (PIP) for treatment of injuries to the driver and passengers of the policyholder’s car. At its broadest, PIP can cover medical payments, lost wages and the cost of replacing services normally performed by someone injured in an auto accident.
• Property damage liability, for damage the policyholder caused to someone else’s property.
• Collision, for damage to the policyholder’s car from a collision.
• Comprehensive, for damage to the policyholder’s car that doesn’t involve a collision with another car. Covered risks include fire, theft, falling objects, missiles, explosion, earthquake, flood, riot and civil commotion.
• Uninsured motorists coverage, for treatment of the policyholder’s injuries as a result of collision with an uninsured driver. No state requires car owners to carry insurance for all these risks. But many states require drivers to carry minimum amount of liability insurance for bodily injury and property damage, as well as personal injury protection coverage.

Want more information? Visit us at WWW.WMLINSURANCEAGENCY.COM

Introductions

Local

WML Insurance is independently owned and locally operated to handle your insurance needs. With over 45 years of experience, we believe that local insurance agencies can best serve your individual insurance needs. We will assist you in finding just the right combination of tailored, personalized insurance coverage at just the right price. We offer low down payments and monthly payment options to simplify your insurance purchase. We invite you to complete an online quote or to call or come in to speak with us about your coverage options for auto, home, life, health, business, commercial, renters, boat and more. We provide free, no hassle and no obligation quotes to let you see what we have to offer.