Category: Home Insurance

Understanding Home Insurance: What Does It Cover?

At Larry Burkman Agency of Huntsville, AL, we understand that the intricacies of home insurance can easily be forgotten over time. Many homeowners secure policies primarily because it’s required by their lenders, thus not paying adequate attention to the specifics. This can lead to misunderstandings about their coverage.

For instance, a common query we encounter is about the coverage of personal property and home contents under homeowners’ insurance. Let’s discuss this aspect and its implications.

Does Homeowner’s Insurance Cover Personal Belongings and Contents of Your Home?

Most standard homeowners’ insurance policies include provisions for coverage of contents and personal belongings. This coverage typically extends up to a certain percentage of the insured amount for the structure of your home. However, it’s worth noting that if you possess an extensive collection of high-value assets, standard coverage might not suffice.

If you own expensive items like antiques, jewelry, coins, or other such prized possessions, you may want to consider securing additional coverage for comprehensive protection. Also, keeping a detailed inventory of your belongings, supported by photographs or videos, can facilitate smoother claims processes in case of significant losses.

Get to Know Your Homeowner’s Insurance Policy

If you need clarity on your homeowner’s insurance policy’s limits and provisions, reach out to us at Larry Burkman Agency of Huntsville, AL. We’re more than ready to review your existing policy, irrespective of your insurer, and evaluate your coverage. Having a clear idea about your coverage can offer you considerable peace of mind and may even highlight areas of protection that need bolstering. We’re here to assist you in securing the best possible coverage for your home – contact us today for a no-obligation quote.

Understanding Home Insurance: What Does It Cover?

At Larry Burkman Agency of Huntsville, AL, we understand that the intricacies of home insurance can easily be forgotten over time. Many homeowners secure policies primarily because it’s required by their lenders, thus not paying adequate attention to the specifics. This can lead to misunderstandings about their coverage.

For instance, a common query we encounter is about the coverage of personal property and home contents under homeowners’ insurance. Let’s discuss this aspect and its implications.

Does Homeowner’s Insurance Cover Personal Belongings and Contents of Your Home?

Most standard homeowners’ insurance policies include provisions for coverage of contents and personal belongings. This coverage typically extends up to a certain percentage of the insured amount for the structure of your home. However, it’s worth noting that if you possess an extensive collection of high-value assets, standard coverage might not suffice.

If you own expensive items like antiques, jewelry, coins, or other such prized possessions, you may want to consider securing additional coverage for comprehensive protection. Also, keeping a detailed inventory of your belongings, supported by photographs or videos, can facilitate smoother claims processes in case of significant losses.

Get to Know Your Homeowner’s Insurance Policy

If you need clarity on your homeowner’s insurance policy’s limits and provisions, reach out to us at Larry Burkman Agency of Huntsville, AL. We’re more than ready to review your existing policy, irrespective of your insurer, and evaluate your coverage. Having a clear idea about your coverage can offer you considerable peace of mind and may even highlight areas of protection that need bolstering. We’re here to assist you in securing the best possible coverage for your home – contact us today for a no-obligation quote.

The Larry Burkman Agency, serving Huntsville, AL, and surrounding communities, advises every small business owner, every customer with a net worth of over $1 million dollars, and every customer who thinks they may come into money to consider an umbrella policy for all their personal liability protection needs.

An umbrella policy is supplemental insurance that pays out claims when other policies do not.

Why do higher-net-worth Alabama homeowners need umbrella coverage in addition to their homeowner’s policies, even with riders for high liability limits?

Here are some examples:

• A Mobile, AL woman was awarded $1.7 million for injuries she sustained when she slipped and fell on laundry detergent. This judgment included $420,000 for her medical bills.
• A Lauderdale, AL delivery driver was awarded $925,000 for injuries sustained from slipping on the floor during a delivery.
• An Alabama personal injury firm advertises that it has secured personal injury judgments of $500,000 to $3.2 million for over 30 clients—each of whom collected that money from someone like you. Or maybe they didn’t collect because the judgment drove the defendant to bankruptcy.

If your family lives in a fine home you own outright, you need umbrella insurance. If you rent a nice house and have substantial savings and investments, you need umbrella insurance. If you own a dog, keep exotic animals, your teen has a problematic driving record, or you enjoy shooting sports, you may need umbrella insurance.

Umbrella policies protect you against the worst-case scenario, in which your auto and homeowner policies are exhausted.

Don’t let a court judgment for a mishap on your property wipe out decades of accumulated wealth. Ask your agent at the Larry Burkman Agency, serving Huntsville, AL, and the surrounding area, about the proper umbrella coverage for you.

Home insurance is one form of insurance we offer here at the Larry Burkman Agency for those in the Huntsville, AL, area. Home insurance is a no-brainer for homeowners, providing them with the coverage they need in case they face a situation where their home and contents are damaged, and they need financial support to pick up the pieces and move forward. But while most homeowners are focused solely on having coverage in the event of an accident or purposeful damage caused by another, there’s an important question that some will raise when they’re thinking about all of the possibilities: does home insurance cover injuries that may take place on someone’s property? 

Does Home Insurance Cover Personal Liability?

Whether you’re worried about a service worker getting accidentally injured on your property or in your home, or you’re a landlord who wants to ensure they’re protected in case something happens to their tenants, it’s important to know if your insurance policy will keep you protected. The good news? Home insurance does offer coverage for personal injury claims. This means that should you be on the other end of a lawsuit filed by someone injured due to something on your property being neglected, you will have the financial protection you need to navigate the situation confidently. 

Start Here With the Larry Burkman Agency

Being without home insurance is something you never want to do, but finding the right policy can be difficult. Start your journey here with the Larry Burkman Agency if you live in Huntsville, AL, or surrounding areas. Get a quote, compare policies, or contact us if you need help navigating the process. If you have questions about home insurance, we’re here to help, too!

If you’ve recently experienced an incident with your Huntsville, AL home that requires you to file a claim with your homeowner’s insurance, and it’s your first time filing one, you might have no idea what to expect. There is no reason to become stressed, as the process is relatively straightforward.

Here is a brief overview of how the process should go:

Gather All Supporting Documents

Before filing your claim, be sure to obtain copies of important supporting documents, such as a police report, if applicable, and clear photos of any damage. The better prepared you are when you file your claim, the easier it will be for your claim to be processed. 

File Your Claim 

Once you’ve gathered all the appropriate pictures as well as the police report, if applicable, you can contact your insurance company and file the claim. This can be done by phone, in person, or even online, depending on your insurance company. You can choose the method that is most convenient for you. 

Wait for a Determination

Once you’ve submitted your claim, you’ll have to wait for the determination. This could take a few weeks, or even a few months, if not longer. If the process is taking longer than expected, you can always contact your insurance company for an update. 

As you can see, the process of filing a homeowners’ insurance claim isn’t difficult and shouldn’t cause you stress. Simply follow these easy steps, and you should receive a determination in no time, hopefully in your favor. If you’ve decided that you’d like to find a new insurance company, you should consider giving us at Larry Burkman Agency a try. We at Larry Burkman Agency provide coverage for Huntsville, AL, and we go above and beyond to ensure each and every customer has an overall positive experience.  

At the Larry Burkman Agency, we’re proud to help our friends and neighbors in Huntsville, AL and the surrounding areas with all of their insurance needs. If you’re thinking about upgrading your home policy, now’s an ideal time to do so. Give us a call or stop by the office today to learn more.

Is a Comprehensive Home Policy Right for You?

As you spend more time in your home, it becomes more of a part of your life. This makes it both a financial and an emotional investment. Once you’ve begun to create lifetime memories in your family home, it’s important to protect it. This is easy to do with the right homeowner’s policy. Now’s an ideal time to sit down with your local agent to review the options that are currently available in our area.

When you’re considering an upgrade to your home policy, there are a few features to look for when comparing policies. An increase in liability coverage is another way to boost your protection with a comprehensive policy for your home. If you have young children, you’ll want to have coverage for having to find temporary lodging due to a covered event. You’ll receive reimbursement for a hotel or another living situation while your home is repaired or replaced. This will help to minimize the disruption experienced by your family.

We’re here to help with all of your insurance needs!

If you live or work in the greater Huntsville, AL area, you can count on the team here at the Larry Burkman Agency. We’re here to help with all of your insurance needs, not just those relating to your home policy. Give us a call today or stop by our office to learn more about our helpful and professional services.

Maximizing your insurance coverage while minimizing your expenses is a smart financial move. By bundling your home and auto insurance policies, you can achieve both. In Huntsville, AL, the Larry Burkman Agency offers comprehensive insurance solutions for residents looking to protect their assets and save money.

Benefits of Bundling Home and Auto Insurance Policies

Bundling your home and auto insurance policies can result in significant cost savings. Insurance companies often offer discounts for bundling policies, which can lower your overall insurance premiums. It also simplifies your coverage management, as you only have one insurance provider to deal with. Additionally, bundling can make it easier to file claims, as you only have to deal with one company for both policies. This can save you time and reduce the stress of managing multiple claims.

Cost Savings

By bundling your policies, you can save money on your insurance premiums. Many insurance companies offer discounts when you bundle home and auto policies, as it lowers their risk and administrative costs. Additionally, you’ll only need to make one payment to cover both policies, making it easier to manage your finances.

Simplified Coverage Management

Managing multiple insurance policies from different providers can be a headache. Bundling policies simplifies the process, as you’ll have one point of contact for all of your insurance needs. This can save you time and hassle, allowing you to focus on other important areas of your life.

Comprehensive Insurance Solutions

Larry Burkman Agency offers comprehensive insurance solutions for Huntsville, AL residents. From home and auto insurance to life and business insurance, we can help you protect your assets and achieve your financial goals. Contact us today to learn more about our comprehensive insurance solutions and to receive a quote.

Home is at the center of most people’s lives. It is where you go to be with family, where you feel safe, where you can relax, and more. Home insurance allows you to have peace of mind that the place you love is protected against the many things that could happen to damage your home. At Larry Burkman Agency in Huntsville, AL, we help our customers ensure they have the right coverage. 

How to create and store a home inventory

If you ever have to file a claim, and chances are you will file a claim at some point, being able to tell the insurance company what you lost can help to move the process along more quickly. A home inventory is a listing of all the things that you own in detail, and the insurance company accepts it as documentation of your possessions. 

You can do a video inventory, but you still need to supply backup documentation. Using a pad and pen is still a good option. Start in the room of your choice and write down exactly what is in that room. Open drawers, look in closets and don’t forget what is hanging on the wall. Give as much detail as possible, including brand name, model, and serial number. Take pictures to go along with the written inventory and attach any sales slips or receipts that you have. 

Do the same thing for every room in your home. You might be surprised by how much is actually in your linen closet. Don’t forget the attic and the basement.

When you are finished, it is important to place this important document in a safe place. A safe deposit box is a good idea or make a copy and place it in the cloud so that when you need it, it’s available. 

Give Us A Call

Contact Larry Burkman Agency, serving the greater Huntsville, AL region, to discuss your home insurance needs.