Balok

 If you own a home, insurance isn’t optional thinking — it’s foundational risk management. Too many homeowners sign a policy without truly understanding what’s covered, what’s limited, and what’s excluded. When a claim happens, that confusion becomes expensive. Let’s break down the basics clearly and strategically. 1. Dwelling Coverage (Coverage A) This is the core of your policy. Dwelling coverage protects: The physical structure of your home Walls, roof, floors Built-in appliances Attached structures (like a garage) If your home is damaged by covered events such as fire, windstorms, or vandalism, this part of the policy pays to repair or rebuild. CEO insight: Make sure your dwelling coverage reflects replacement cost , not market value. Rebuilding cost and real estate price are two different numbers. 2. Other Structures Coverage (Coverage B) This covers structures not attached to your home, such as: Detached garage Shed Fence Gazebo It’s typi...

f you don’t have a home inventory yet, you’re running a silent risk. Most homeowners assume they’ll “remember everything” if disaster strikes. The reality? After a fire, flood, or theft, memory fails under stress. And without documentation, insurance claims become slower, more complicated, and sometimes underpaid. A home inventory isn’t just a checklist — it’s a financial protection tool. Here’s how to build one properly. Why a Home Inventory Matters When filing a claim, your insurer will ask for: A detailed list of damaged or stolen items Estimated values Proof of ownership (if possible) Without a pre-made inventory, you’re guessing. With one, you’re negotiating from strength. It also helps you: Ensure you have enough coverage Identify high-value items that may need riders Speed up claims processing Reduce disputes with insurers Smart Tips for Creating Your Home Inventory 1. Start Room by Room Don’t overcomplicate it. Go space by space: Living room Bedrooms...

 If you’ve checked your home insurance renewal lately and felt your jaw drop, you’re not alone. Across the board, home insurance rates are climbing — and they’re not slowing down anytime soon. As a CEO, homeowner, and decision-maker, you need to understand this trend not just emotionally, but strategically. Let’s break down why this is happening and what you can do about it. Why Are Home Insurance Rates Increasing? There isn’t just one reason. It’s a combination of economic pressure, environmental shifts, and market dynamics. 1. Climate Risks Are Rising Natural disasters are becoming more frequent and more severe. Hurricanes, floods, wildfires, and storms are causing record-breaking losses for insurers. When claims increase, premiums follow. 2. Construction Costs Are Higher The price of materials, labor, and logistics has surged. If it costs more to rebuild a home, insurers must adjust coverage costs accordingly. 3. Inflation Impacts Everything Inflation doesn’t just affec...