Would it be wrong of us to…?
We had a huge water leak in our house and it did a hell of a lot of damage. The renovation people are coming in to do all the work and repair that needs to be done…baseboards were pried off, carpets were torn away, and tiles were cracked. The insurance company is going to pay to put us up in a hotel until the work is completed at our house. Mind you we have 2 cats, 1 adult cat and 1 kitten. So, my question is: Would it be wrong to request a stay at the Ritz Carlton? The other advantage of staying here is that they allow pets so the insurance company wouldn’t have to pay for a separate hotel and a pet hotel, which was our other option..and one I’m not too keen on.
Ok thanks.
I’m sure your insurance policy has a cap on the amount they will pay for a hotel. I doubt it will foot the bill for a $500 a night hotel room. Usually they will use the term “customary and reasonable.” Anything too over the top is neither.
Filed under Home Insurance by on Jan 20th, 2010. Comment. 
Out of the many homeowners insurance companies currently in business, one always seems to be near the top of the list: State Farm. Currently providing service to about 13.5 million people, State Farm home insurance has been helping individuals for more than 60 years.
A standard State Farm home insurance policy includes coverage for your home’s structure as well as its contents and liability coverage. The policy will also provide external living expenses if your home is damaged to the point where it is beyond livable, and replacement for your possessions at their original value, not the depreciated value.
Policyholders are not the only ones who are aware of State Farm’s superior service. In a 2008 study, J.D. Power and Associates, a trusted name in surveying insurance providers, rated State Farm better than most in overall experience, policy offerings, and contacting the insurer.
For those of you who are interested in information about the types of discounts the company offers, look no further:
- Multiple line discount. If you already have State Farm auto insurance, then you’re in luck. By being a current policyholder, you are eligible for a discount on your homeowners insurance.
- Home alert discount. By installing smoke detectors, burglar alarms, and other safety features in your home, you can save big money on State Farm home insurance.
Consider State Farm Home Insurance
If you’re on the hunt for a reliable homeowners insurance company, consider State Farm. Consistently providing its policyholders with exceptional service, State Farm is one of the most recognized names in the industry. Don’t let a company’s reputation sway you, however. Do your own research and decide for yourself if State Farm home insurance is right for you.
Staff Contribution: Rafael Onak
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Filed under auto insurance price quote by on Jan 12th, 2010. Comment.
Homeowners insurance has several parts to it. Most policies have 5 key elements that you should be aware of. It is important to look at each of these parts and check the limits of coverage. Do you know what limits to check? Read on!
1. Coverage for the Dwelling Building
If your house is damaged or destroyed by a named risk (called an insured peril) listed in your policy (i.e. fire), then the insurance policy will provide funds to repair or rebuild up to the policy limits.
When you purchase your home insurance it is very important to discuss the limit of coverage for rebuilding purposes. Don’t assume it should be the same as your market price, because it is probably different. If it turns out that you are under insured at time of claim it can cause problems. And if your home was damaged you already have enough problems!
Be sure to ask for guaranteed building replacement cost coverage (just in case the costs to rebuild escalate over your policy limit!).
2. Outbuildings (or Detached Structures)
This includes detached garages, garden sheds, and the other structures on the property that but not attached to the dwelling. Many homeowners policies automatically include these structures to a limit of about 15 per cent of the building value. Again, check to see that this limit of coverage is enough.
3. Home Contents Insurance (Personal Property)
All of your personal property can be covered under most home policies. Coverage for contents is in effect if they are destroyed by a named risk. The limit in a home insurance policy is usually based on a percentage of the building value for an additional 50-100per cent coverage. Therefore, if the building is covered for $300,000, the personal property would be insured for $150,000- $300,000.
Always look for Replacement Cost coverage on personal property. And keep in mind that some home contents have special limits in the policy (i.e. jewelry)
Most policies cover your personal property while you are away from home and it is with you.
4. Personal Liability Coverage
The liability portion of a homeowners insurance coverage offers some protection from lawsuits due to bodily injury or property damage for which you are liable. On top of this coverage it is also a good idea to buy a personal umbrella liability policy
If you work from home it is important to disclose any home based business as special liability is likely required.
5. Additional Living Expenses
The last common part of a homeowners policy is Additional Living Expenses (ALE). You probably will need another place to live if your home is being repaired or rebuilt. ALE coverage is for shelter, and related expenses.
It is important to take a look at each of these five elements within your policy. Check the limitations and exclusions and ask an insurance professional for advice and further explanation.
Want to know more about the five key parts of a home owner insurance policy? Visit Home Owner Insurance Policy for more info.
Rob B is a Canadian Insurance broker who is sharing general information on insurance in the hopes that it helps more people get the insurance they need. Please be sure to check your policy for full details! For more of Rob’s work please visit http://www.canada-insurance-source.com
Filed under Home Insurance by on Jan 11th, 2010. Comment.