Tips for Avoiding Water Loss in your Home

Did you know that water damage is the second most frequently filed loss experienced by homeowners and renters each year? (according to the Insurance Information Institute)  The infographic below, provided by Safeco, can help you understand the risks, offer prevention tips and share the resources you may need if a water loss occurs. 

Why You Need Higher Auto Liability Limits

When deciding which auto liability limits to select on your auto insurance policy, your premium should be secondary.  Your primary thought in selecting your liability limits should be protecting your assets and yourself from potential legal liability and avoid exposing yourself to costly lawsuits or judgments.  Minimum insurance limits should only be selected if that is truly all you can afford.  Once your budget allows, be sure to increase your limits and also consider purchasing an umbrella policy.  It is not as expensive as you may think and it could save you during a claim!

 

How Equipment Breakdown Coverage Can Help You

If you are a homeowner and either currently have a home warranty plan or would like to have one if it were less expensive, then you need to read this!  More and more insurance companies are offering an optional endorsement that provides much of the same coverage as popular home warranty policies.  These plans are often provided to a home buyer by the seller when purchasing an existing home.  Some homeowner’s continue to renew these plans while some choose to allow them to expire due to the annual cost.  Many insurers now offer this protection at a lower cost, when endorsed onto a homeowner’s insurance policy.  The following infographic gives an overview of what is covered by Safeco’s Equipment Breakdown endorsement, including examples of what is and what is not covered.

Contact LG Insurance Group if you would like to learn about this valuable coverage!