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Archive for the ‘ home insurance ’ Category

Home Insurance for Daycares

Tuesday, February 2nd, 2021

Running a daycare is a big job! There’s no denying that trying to keep tiny humans happy and engaged is a big task all on its own.

The truth is, there’s a lot to think about above and beyond happy toddlers when it comes to running your daycare. This includes home insurance and whether or not it will be effective should you run a daycare in your home.

Never fear! We’re here to give you everything you need to know so you can get back to doing what you do best. 

Home Insurance and Home Daycares 

Now the big question here is if your home insurance will cover your daycare, which at the end of the day is a business. The quick answer to this question is probably not.

While some insurance companies will give you the option to add on to your existing home insurance policy to cover the needs of your daycare, it’s usually not included right in your regular home insurance policy. Some insurance companies will also require you to purchase an entirely separate policy just for your business.

Why Get Insurance for a Daycare?

If you run a daycare out of your home accidents are bound to happen. Especially with children!

This means you’re at a high risk for liability if an accident is to occur. It could be anything from a trip and fall to slipping on an icy sidewalk. Once these types of accidents happen on your property you become responsible for any of the damage or injury caused.

That’s why it’s always best to have the proper insurance policy in place and make sure you have the coverage you need should the unexpected happen!

Daycare Insurance Eligibility

It’s possible you may need a licence before you can legally take care of other people’s children in your home. Be sure to look at the laws within your area and see what’s required of you.

Once you have established if you do or don’t need a license, an insurance provider will be able to help you get set up.

Ready to find the perfect commercial insurance solution for your business? Contact us today!

What Kind of Insurance Do I Need for My Home-Based Business?

Monday, July 6th, 2020

If you’re reading this post, chances are you already own a home-based business or you’re planning on starting one. One of the bases that must be covered is ensuring you have the right insurance in place for your home-based business. 

Keep reading if you’d like to learn more about what kind of coverage is right for you. 

Insurance for Home Businesses

Homeowners often think their regular home insurance will cover any work-related activities within the home. But that’s simply not the case!

The right type of coverage can be different depending on the type of business you run and the scale of your operations. That’s why it’s important to speak to an insurance professional in your area to get the information you need. 

Why Coverage is Important

Depending on the type of business you own, you could face any number of risks each day. Whether they’re financial, cyber, physical, or liability risks, you need to have the right coverage set up for whatever could happen.

For example, let’s say an employee is working at your home when they’re injured. Will your home insurance liability coverage be applicable? The answer is usually no! So, without special insurance for situations like these, you could be left paying thousands or even hundreds of thousands of dollars out of your own pocket. 

Coverage Options

An in-home business policy might provide enough coverage for you if you have a small business. It can typically cover injury and theft for up to 3 employees and up to $10,000 in losses in many cases.

These policies tend to be very affordable and they do offer some liability protection, but it’s often not enough. For example, they almost never include errors and omissions insurance to prevent you from certain third-party claims. But there are usually options for adding this coverage on separately which is something to consider. 

For bigger operations, a business owners policy (BOP) is a great choice. They offer more comprehensive coverage for businesses who need more than $10,000 in coverage. 

Some of the coverage these policies can include are:

  • Loss or damage to business assets, documents, and equipment
  • Professional liability coverage
  • Liability for employee/contractor or customer injuries
  • Loss of income or business interruption insurance

In some cases, these policies can also include some commercial vehicle coverage, but not always. It’s critical to make sure you have that protection added on if you use vehicles for any of your business operations. 

We can help with business insurance and more!

Whether your business insurance needs are big or small, we’re here to help. We’re also here for all of your auto, home, and farm insurance needs as well. Contact Fargo Moorhead Insurance today for a free quote!

What’s the Difference Between Renters Insurance and Home Insurance?

Monday, February 10th, 2020

If you rent a home, do you need renters insurance and homeowners insurance or just one or the other? What’s the difference between these coverages? 

These are just a few of the questions we’re regularly asked about renters insurance and homeowners insurance. In today’s post, we intend to give you answers to these questions and many more on the topic! 

Renters Insurance vs. Homeowners Insurance: What’s the Difference?

The easiest way to understand the difference between renters insurance and homeowners insurance is to look at their names and take them quite literally: renters insurance is for those who rent their homes, while homeowners is insurance for the homeowner.

Renters insurance offers coverage for the personal belongings inside of the rented home, rather than for the physical structure of the home. Why? Well, whoever owns the property is the one responsible for insuring its structure. 

When to buy renters insurance

If you rent a home and you have personal property, renters insurance is likely a good choice. In the event your property is stolen or damaged, your insurance could cover the cost of repairing, replacing, or reimbursing you for the insured property. When you rent a property, many landlords will require the renter to purchase this coverage before they’ll sign the agreement. 

When to buy home insurance

While a regular home insurance policy will include personal property coverage, homeowners insurance includes other forms of coverage a renters insurance policy does not have.

If you get a mortgage for your home, the lender will often require that you have home insurance in place. If you don’t use a mortgage to purchase your home, home insurance is generally considered optional, although strongly encouraged. Without home insurance, you’d be responsible for replacing or repairing stolen or damaged personal property, covering the cost of repairing or replacing the structure of your own home, and many other things home insurance covers.

As you can see, home insurance and renters insurance are different types of coverage, but the coverage they both offer is critical nonetheless!

How to Determine Your Home’s Water Damage Risk Before It’s Too Late

Tuesday, June 4th, 2019

Have you ever dealt with water damage in your home? If so, you know it can happen in a matter of seconds and it doesn’t take long to cause incredible damage.

Here are a few ways to help determine your home’s water damage risk so you can address any potential red flags before it’s too late!

The Age of Your Plumbing

If the plumbing in your home is old, there’s a better chance of pipes rusting, breaking, or causing other problems. This is one reason older homes have a greater risk of water damage.

New homes aren’t immune to water damage from plumbing either, but they’re often covered by warranties from the builder.

The Buildup of Snow and Ice on Your Roof

When a significant amount of snow or ice accumulates on your roof, it greatly increases your risk of water damage. The snow and ice can melt and back up into your home. Often, the damage will be hidden in the attic and homeowners won’t realize it’s happening until the damage is catastrophic.

If your roof has more than two feet of snow or more than two inches of ice, hire a snow removal company to clear your roof, because doing so on your own poses safety risks.

The Condition of Your Basement

Basements are notorious for flooding issues, so there are things you should be on the lookout for so this doesn’t happen to you.

  • The slope of the ground
  • Ineffective drains
  • Improperly sealed basement windows
  • Cracks in the foundation

Your Proximity to Water

Living near a body of water might never cause you any problems, but all too often, these bodies can overflow and result in flooding of the land and property around them.

If you live in close proximity to water, be sure to speak to your insurance company about your options for financially protecting yourself. You can also consult with experts for advice in protecting your home from water damage.

If you have questions about insuring your home for water damage, get in touch with Fargo Moorhead Insurance today!

4 Surprising Things Your Home Insurance Can Cover

Saturday, December 22nd, 2018

If accidents, theft, or damage take place in your home, the last thing you want to worry about is if your home insurance covers certain losses. That’s why figuring out what your home insurance covers ahead of time is so vital for your peace of mind.

While basic homeowners insurance policies cover your dwelling from things like fire and theft, there are plenty of things you might be surprised to know can be covered by a comprehensive home insurance plan.

  1. Other Structures on Your Property

In addition to the structure of your home, your insurance can also cover other structures on your property that aren’t attached to your house. This could include things like dog houses, patios, gazebos, and more!

  1. Spoiled Food

When a storm or another event causes a power outage in your home, the food in your refrigerator will spoil quickly. If you take pictures ahead of time, many homeowners insurance plans will reimburse policyholders for the cost of spoiled food after a power outage.

  1. Dog Bites

Some home insurance plans cover medical care expenses if Fido bites someone. If this sounds like something your dog might do, it might be useful for you to purchase additional coverage for this event. Often, a base level of coverage is included for dog bites, but if your pet inflicts serious damage, the costs may exceed your policy limits.

  1. Tombstones

Although grave markers and tombstones aren’t always on your property, they’re considered personal property and can be covered by your home insurance. If a tombstone is damaged or cracked from something like a storm or falling tree, you may be covered for about $5,000 in damages. However, if the cemetery is responsible for damaging the tombstone, they should have their own insurance to cover it.

Not all home insurance policies are the same, which is we work with homeowners to craft unique plans that fit your equally unique home and property. Call Fargo Moorhead Insurance today so we can find the right home insurance policy for you!

What Does Home Insurance Cover in Fargo?

Friday, November 23rd, 2018

What does home insurance typically cover in Fargo ? Many homeowners couldn’t answer this question even though they have a policy for their property. They may have never read the policy and just got whatever the minimum was they could. However, it is important to know the answer to this question so you can be prepared if you have to file a claim sometime.

Basic Coverage

If you opt for a basic homeowners’ policy which is also known as an HO-1 policy, it protects your home and contents if they are damaged by one of a few situations:

  •         Fire
  •         Hail
  •         Lightning
  •         Wind
  •         Riots
  •         Explosion
  •         Smoke
  •         Vandalism
  •         Theft
  •         Aircraft and other vehicles
  •         Civil commotion
  •         Erupting volcano

Not every policy will cover all of these, and some states won’t allow this type of policy. The standard type of policy for most homeowners is the HO-2 policy, which includes everything from HO-1, plus several other things, like falling objects, flooding from appliances or plumbing, and broken glass.

With an HO-2 policy, your home is covered from anything that is not specifically excluded in the document. This can give you more peace of mind because unusual and bizarre things can happen to anyone.

Liability Coverage

Another important component to home insurance is personal liability. This coverage pays for medical costs if someone has an accident on your property and is injured. It will pay for their medical care up to the limit of the policy.

This coverage also pays for legal fees if the other person decides to sue you. It will take care of court costs and even the awarded amount as long as it’s under the limit. This is one reason it’s important to think carefully about your coverage limits when you sign up for a policy.

Temporary Living Expenses

If a disaster strikes your home and makes it unlivable, your policy may pay for you to live elsewhere until your home is repaired. It will cover hotel costs and even food that is above what you would normally buy.

There may be restrictions or limitations on this part of coverage, It’s a good idea to read your policy if you need temporary living arrangements before you book a hotel. There may be a limit to the daily cost or even how long the arrangements can last.

What Home Insurance Doesn’t Cover

Your policy won’t pay for anything that hasn’t been approved or isn’t listed in the document. It may not pay for any repairs you do yourself unless it was a temporary repair to prevent further damage.

If you have questions about your coverage, you need to talk to an insurance agent or adjustor before you take the next step. If it isn’t covered, you’ll be left to pay for the expense on your own. You don’t want to do anything to cause your claim to be denied.

Home insurance is designed to protect you and your home from a variety of unfortunate events. However, it is up to you to insure you have the right amount and kind of coverage.

How to Protect Your Home from Burglary

Tuesday, October 9th, 2018

Being a victim of burglary is unsettling and downright frightening. Even though you may have property insurance to cover your losses, you don’t want to lose your personal items. Some may be irreplaceable. You can protect your home and reduce the likelihood that you’ll become a statistic.

Make Access Difficult

Thieves look for easy targets when they pick a house. They want to find a window which can’t be seen by the neighbors or the street. You’ll reduce the appeal of your home if you plant shrubs under the windows.

At the same time, you don’t want those bushes to be prime hiding spots. Trim them so that anyone hiding nearby would be visible. Look at any areas which may provide good hiding spots. Add more light so that it will deter burglars.

Lock Windows and Doors

Keep your windows and doors locked even when you’re home. Burglars can quickly remove a screen and get inside and out in just a few minutes. However, they are less likely to try to get in if they have to figure out a way to break a lock.

If you have a traditional lock on your doors, you may want to invest in a deadbolt. Some locks are easy to pick, especially for experienced burglars. However, they aren’t likely to mess with a door that’s too difficult to get open.

Get to Know Your Neighbors

If you haven’t met your neighbors, make an effort to do so. If you do know them even just enough to wave, try to establish a relationship. Let them know when you’re going to be gone for longer than normal.

Many times, people will notice when someone new comes to the neighborhood. They may see a car that no one recognizes cruising through the neighborhood or someone walking around looking at houses. If residents make it obvious they are paying attention to what’s going on, burglars will often choose to go to another area where they won’t get as much attention.

Get a Dog

Statistics show that burglars will skip over houses where they hear a dog barking. Even a little dog will deter them, but a pet with a louder or deep bark will scare them away.

Your dog doesn’t need to be a guard dog, but it should be one that will bark at noises. Even though it isn’t a guarantee, it will help keep your items safe since most burglars are afraid to mess with dogs.

Of course, the most obvious solution to help lessen the chance of your home being picked for theft is to install an alarm system. You can find one to fit almost any budget. Just make sure you post a note that shows you have an alarm so that burglars will walk away. In the worst case scenario, if they try to break in, an alarm will make them stop.

Prevent your home from being a prime target for burglars by taking these steps. Not only will you avoid filing a home insurance claim, but you’ll protect your possessions as well.