Insurance Blog

Understanding Personal Property Coverage

In Montgomery County, PA, personal property coverage plays a crucial role in homeowner’s, condo, and renter’s insurance. This insurance policy covers the contents of your home against theft, damage, or destruction, ensuring a replacement value for your belongings after a loss covered under your policy. However, there’s more to understand about personal property coverage.

Two Types of Personal Property Coverage

• Actual Cash Value: This coverage attributes the depreciated value to your belongings for reimbursements. If you plan to buy new items, you’ll have to bear the cost difference.
• Replacement Cost: This insurance covers similar, new items, thus enabling you to buy replacements for your old items.

Maximizing Compensation: Creating an Inventory

To claim adequate compensation, policyholders must create an inventory of their belongings through photos and videos. This inventory serves as a valid proof during the claims process. Even small-dollar items can significantly add to your reimbursement after a catastrophic event.

Tips for an Accurate Inventory

• Use pre-made inventory lists to jog your memory
• Enlist the aid of family and friends’ photos taken inside your home
• Review old bank records, shopping histories, and wedding gift registry to include all items.

Importance of Personal Property Coverage

Personal property coverage protects your belongings and ensures your financial freedom in the face of unexpected events in Montgomery County, PA. It becomes even more significant when you have a large number of items with high replacement costs. That’s why engaging our agents at Bucksmont Insurance from the process’s inception is crucial. This ensures that you’re proactive and organized, which significantly influences the claim outcome.

Home insurance is always essential. If you own a home, you have to have this insurance for your protection as well as the protection of the lender. Even if this insurance isn’t required by a lender, such as if you paid cash for a home, you still need to have this insurance as protection. The investment in a home is a big one, and there are a lot of risks that exist for homes. They can be damaged through a number of serious events, and that damage can be expensive. To make sure you’re insured, give us a call at Bucksmont Insurance in Montgomery County, PA.

Three Ways Home Insurance Protects You

Home Protection

Your home insurance will pay for damage that is done to your home when it’s damaged by an event covered under the policy. There are many risks that can cause damage to homes, and many of these are covered under the typical policy. Once a damaging event happens, you can be left with a lot of repairs to pay for. With home insurance, those costs are paid by the policy. Without this insurance, the cost of repairs can be highly unaffordable. 

Belongings Protection

Your belongings are also protected by this insurance. The policy will include an amount to pay for your belongings if they are destroyed in a covered event. You may not think much about what your items are worth, but put together, they’re worth quite a bit.

Liability Protection

Your liability is also protected with a home insurance policy. When you get this insurance, it covers accidents that someone may have on your property and the medical bills they will have afterward. 

Get Home Insurance

If you don’t have a home policy yet, it’s time to get one. To get started, give us a call at Bucksmont Insurance in Montgomery County, PA. 

     

Summer, for most people, is the best time of year, offering BBQs, afternoon swims, and iced lemonades. However, with the summer months comes humidity and blistering heat – which makes it difficult (and expensive) to keep your Montgomery County, PA home cool. Bucksmont Insurance offers these helpful tips for keeping your home/family cool and your electric bills to a minimum.

Tips to Keep Cool 

These are ways to stay cool when the temperature rises –

Keep Sunlight Out – Close the Blinds or Opt for Blackout Curtains

While natural light brightens up a room, it’s important to remember that light equates to heat. This is especially true for windows that face north or west.

Block Damaging UV Rays Through Windows

Window film, which can be a DIY project, is designed to reflect solar heat and can help keep furnishings safe from harmful UV rays.

Install an Awning

Awnings that fit above your windows reduce the amount of light your home absorbs and will therefore be cooler.

Seal Off Rooms

Close off rooms that are unused, including gaps around doors and windows.

Don’t Use the Oven/Stove

Cooking generates excess heat. Opt to use the outdoor grill or prepare food that doesn’t require the stove, like a sandwich or salad.

Upgrade Your Light Bulbs

Traditional lightbulbs give off 90% of their energy as heat. LED bulbs are also less expensive to use.

Regularly Clean/Replace Your AC Filters

AC Filters help the unit work efficiently (saving you money) and also protect against allergens. Depending on where you live and who lives with you, AC filters should be changed monthly in the summer.

Need Insurance? Bucksmont Insurance Is Here To Help!

For additional information on how to protect your Montgomery County, PA home while keeping it cool, contact Bucksmont Insurance today.