MYTH: Lightning never strikes twice in the same place.
FACT: Lightning often strikes the same place repeatedly, especially if it’s a tall, pointy, isolated object. The Empire State Building is hit nearly 100 times a year.
MYTH: If it’s not raining and there are no clouds directly overhead, you’re safe from ...
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Is It Time To Increase The Deductible On Your Homeowners Policy?
We have had many years of severe weather with an increased frequency of claims for wind, hail and water damage, including water backup/sump overflow. This claim frequency has resulted in increased rates for homeowners insurance and other property insurance lines. When the industry pays out more than it collects in premiums for a line of coverage ...
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Conduct an Insurance Check-up this Tax Season… How to Save, Avoid Risk
Tax season is a great time to reexamine your financial risk with your insurance adviser. You may be wasting money on unnecessary coverage or not realize where you are vulnerable to serious losses. Solid advice from a Trusted Choice® insurance agency may save homeowners thousands of dollars by outlining which kind of coverage suits them. Here are a ...
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Avoiding HVAC Unit Theft
Theft of heating ventilation and air conditioning (HVAC) units has been a growing problem for several years. In fact, some companies are reporting that 25% of all theft claims are from HVAC unit thefts. Why is this? HVAC units contain copper coils, and with the rising price of copper, thieves are working hard to get hold of this valuable metal. ...
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Your Building in Winter
Winter brings the threat of freezing temperatures and harsh conditions for both residential and commercial buildings. Following are some common winter threats, and what you can do to avoid them.
Freezing/Bursting Pipes
One of the most common causes of damage during the colder months is freezing and bursting pipes. If you have a vacation home ...
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If I pay off my mortgage, refinance or pay off a home equity loan, who do I need to notify?
In the past few years there has been a flurry of refinance activity. Home equity loans and home equity lines of credit are very popular. If you pay off a mortgage or take a new loan, the interest of the financial organization must be added or deleted. The insurance company or agent is often not notified when a loan obligation is satisfied. ...
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I have a finished basement with a sump pump. Will my policy respond to damage if the sump pump malfunctions or overflows?
Many homeowner's policies exclude water damage for water or waterborne material that backs up through sewers or drains or overflows or is discharged from a sump pump or related equipment. Flood, ground, or surface water are also excluded. A separate endorsement is available to provide coverage for water back-up of sewers and drains and sump pump ...
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Property values and construction costs have increased in the past few years. How do I know if the coverage amount under my homeowner’s policy is adequate?
You should insure your home for full replacement cost of the structure. Construction costs have increased dramatically in this decade. Your home should be evaluated and any improvements you have made should be considered. Some policies provide a dwelling replacement extension of 20-50% above the dwelling limits shown on the policy. You should ...
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We are a Trusted Choice independent insurance agency in Collegeville, PA providing auto, home, business, life, health and group insurance in PA, DE, MD and NJ.