Does my homeowners insurance cover damage to my yard if an accident occurs?

The agents at Com-Co Insurance Agency Inc. make themselves available to homeowners who live in the Arlington Heights and Mount Prospect, IL area if they need advice or information concerning what their policies cover. Accidents can happen at any time and when it comes to landscaping, it can be extremely costly. If an accident damages your lawn or your landscaping, who exactly is responsible? While your homeowners may cover certain types of damage, you will more than likely have to work with the insurance company of the vehicle who caused the damage.

Car Accidents

When a car accident occurs in front of your home and causes damage to your yard, fencing, or landscaping, the cost to repair or replace damaged items will be the at-fault driver’s responsibility. If the driver does not have insurance, you may have to turn the cost over to your insurance company who will then seek damages from the individual. To know if you are fully covered, you will have to discuss your policy with your agent.

Protecting Your Property

If you want to protect your property, you may want to consider installing a barrier or some type of fencing around the perimeter of your property. While it may not completely keep your property from being damaged, it will prevent the vehicles from making their way into your yard.

If you are curious to find out what types of accident damage your homeowner’s policy covers, call the agents at Com-Co Insurance Agency Inc. today. Residents who live in the Mount Prospect, IL area can call and schedule a consultation or review whenever they have questions or concerns about their existing policy.

 

Are Your Pricey Goods Covered by Your Home Insurance?

Standard home insurance is designed to protect both your home and personal belongings. Personal goods include clothing, furniture, appliances, electronics, artwork, jewelry, sporting goods, kids toys, and more. At Com-Co Insurance Agency Inc., we can help you select a policy that adequately protects your assets without paying for unnecessary coverage. If you own pricey goods, it’s even more critical to get the right coverage to protect your investments.

Understanding Home Insurance

As a homeowner, it’s crucial you understand how home insurance works to ensure you’re getting the level of protection you need. Your choice of insurance coverage will depend on the value of your home in Arlington Heights or Mount Prospect, IL and its contents. The more expensive your property, the higher the level of protection you’ll need.

When it comes to dwelling protection, insurers suggest homeowners get enough coverage to rebuild their home in the event it’s destroyed in a catastrophe. In like manner, you should get adequate coverage to replace personal goods should they be stolen or ruined. If you own pricey goods, you should have them evaluated to determine their value so you’ll have a better idea of the coverage you’ll need. You should also make a detailed inventory of your goods to include photos of costly items to have proof of ownership when making a claim.

Standard Homeowner’s Policy

Standard home insurance comes with limits on coverage for personal belongings. These limits may not be enough to cover costly goods like jewelry, antiques, or original artwork. You can, however, protect these items by adding a floater or endorsement to your policy. With this additional coverage, you can have peace of mind that your valuables are protected from theft or unforeseen disasters.

To learn more about home insurance options for protecting your valuable assets, contact Com-Co Insurance Agency Inc. in Mount Prospect, IL.

Mineral Rights of a Neighbor and Your Homeowner’s Insurance

Far more frequently in the Midwest, like Mount Prospect IL, land intersects with mineral rights. The issue of mining and cross-mining rights can be a bit complicated, especially when the activity causes related geological activity affecting property on the surface. Many folks have long been under the assumption that the land their home sits on includes the rights to the land below the house. This is not true. The law separates real estate property rights from mineral rights and even airspace. And that can lead to situations where a neighbor mines for minerals right underneath another’s home.

Usually, the folks above ground don’t notice, but today’s mining is including far more aggressive approaches to reach minerals once thought unobtainable. Fracking, for example, can mine horizontally, the side effects of the water pressure can be realized both below and above ground, especially when that mining water mixes with natural water tables and even plumbing to a home.

In some cases, the cross-mining can trigger damage, either immediately or after the fact. At first, the homeowner might think it’s simply the home or a structural issue, but once a claim is filed, the insurance provider is very likely to investigate it fully and determine the damage may have been caused by mining. Depending on the terms, a standard homeowner’s policy may not provide coverage for mining-related damage.

If you’re a property owner in Mount Prospect, IL and suddenly finding yourself dealing with a neighbor who has decided to impact your life with mining, you may want to have a sit down session with experts like those at Com-Co Insurance Agency Inc to understand how your homeowner’s insurance will actually work in case of damage. Being forewarned with knowledge is a far better thing than to find out the hard way that coverage isn’t available as assumed. Give Com-Co Insurance Agency Inc a call today and know that your home is covered.

Should You Have A Fire Extinguisher In Your Home?

Fire safety is something that everyone should be concerned about. Homeowners and renters in Mount Prospect, IL can find out answers to important safety questions by calling the agents at Com-Co Insurance Agency Inc. They can provide tips on eliminating fire hazards from your home as well as things you can do to reduce your risk of a fire. 

Fire Safety should Be Your First Concern

Fire safety should always be your first concern. Working with your family to create a fire escape plan is just one way of stressing the importance of knowing what to do in case a fire breaks out in your home. Take proper precautions when it comes to grilling, like setting the grill on a fireproof surface. It’s also important to make sure the grill is sitting far enough away from your home that sparks won’t land on any flammable material. This is just one area where a fire extinguisher is a must.

Where Should Fire Extinguishers Be Located?

One of the best ways to reduce your risk of a fire is to have fire extinguishers placed in areas of your home where a fire may break out. Fire extinguishers should always be placed where fires are most likely to occur. In addition to your grilling area, they should also be placed in the kitchen, garage, workshop, and near your furnace.

The agents of Com-Co Insurance Agency Inc are always available for Mount Prospect, IL residents who have questions about their fire extinguishers or other fire safety concerns. Call and schedule an appointment with us today so that you have all of the information you need on how to protect your home from a fire or other types of emergencies.

 

What Are The Risks If My Homeowners Insurance Lapses?

It can happen to any homeowner. You’re sorting through the unopened mail that’s been piling up on the counter and you come across a renewal notice from your home insurance provider – dated three months prior. You realize that you don’t presently have homeowners insurance coverage. But, the lapse wasn’t for very long, and won’t affect your insurance coverage, right? Think again!

What Is A Homeowners Insurance Coverage Lapse?

Your Mount Prospect, IL homeowners insurance is considered lapsed if you go without coverage for any length of time, whether it’s a month or just one day. There are several common reasons homeowners let their insurance lapse, including:

  • You failed to make required policy payments on time.
  • Your insurance canceled your policy.
  • You allowed your policy to expire before securing a new one.

Each of these situations are easily preventable. Because there are a number of mishaps that can happen when you let your policy lapse, it’s smart to keep up to date with your policy (and your mail) to eliminate hardships down the road.

What Can Occur If My Homeowners Insurance Lapses?

There’s a reason you were sent a renewal notification from Com-Co Insurance Agency Inc. three months ago — it’s important to keep your insurance coverage consistent. Here’s what can happen if you don’t:

  • Your premium rates may go up – even if your policy has only lapsed for a few days, your rates may go up. Insurance companies know that people who maintain consistent coverage are less of a financial risk.
  • Your lender may purchase insurance for you – Most lenders require continuous insurance coverage, so if yours lapses your mortgage company may buy coverage on your behalf – and increase your mortgage payments to cover the premiums of a more expensive policy with less coverage.
  • You may have trouble getting insured again – Insurers typically look into your insurance history. If you haven’t been consistently covered it will be more difficult to obtain coverage.
  • If an incident occurs while your insurance has lapsed, you’re out of luck – If a burglar breaks into your home or a tree falls on your roof, you won’t have any financial protection in place to cover the loss. Securing insurance after the fact won’t cover a loss event.

If you’re a Com-Co Insurance Agency Inc. customer and have questions about your Mount Prospect, IL homeowners insurance policy renewal or other insurance concern, please give us a call at (847) 673-1212.