Liability Coverage Archives - Zacharko Insurance Agency

Best Builders Risk Insurance Raleigh

Fire is one of the most common causes of property damage, with local fire departments responding to around 1.4 million fires in 2020. Thankfully, there are ways to prevent fire from destroying your home. More importantly, you can protect your property through a home insurance 27614 policy for when an unfortunate event of your house catching fire occurs.

While getting a home insurance 27614 policy is necessary, you don’t have to experience the benefit of fire coverage when you have the best fire safety plan at home. And, of course, having a fire plan also ensures your fire detectors are working correctly.

If you don’t have a fire plan yet, here are the top fire safety tips that can be your guide.

Install fire detectors or smoke alarms in strategic places in your home.

Most houses have fire detectors in each bedroom, outside sleeping areas, and on every building level. It’s essential that everyone sleeping hears the alarm when it detects smoke.

Ensure the fire detectors are working well.

More than installing fire detectors is making sure they work correctly. What is the use of having them when they don’t serve their purpose? Monthly testing is crucial for your fire alarms to protect you in case of fire.

Best Builders Risk Insurance Raleigh

Best Builders Risk Insurance Raleigh

To test the alarms, you need to follow these steps:

  • Inform your family members that you will be testing the fire detectors so they don’t get scared and panic.
  • Have someone stay at the farthest point from the fire alarm to ensure everyone, no matter where they are in the house hears it when it goes off.
  • Press and hold the test button on your fire alarm. It should produce a loud, ear-piercing warning sound to alert everyone in the house. However, if the sound is weak, you need to change the batteries. Repeat these steps afterward. Your smoke detector is working correctly when the sound is loud and blaring. If not, it might be broken, so you should have it checked.

Fire alarms usually last up to ten years. However, if you think your fire detector is worn out, you should change it earlier.

Organize an escape plan and discuss it with your family members.

You have then two minutes of escape time when a fire engulfs your home. Having an escape plan and orienting everyone about it is vital. It’s even better if you can practice it at least once a year.

Best Builders Risk Insurance Raleigh

An effective fire safety plan is crucial for you and your family’s safety. If your property is destroyed during the incident, you have your home insurance 27614 to fall back on and help you recover. More importantly, remember to evacuate immediately during a fire and never go back inside.

Back to blog.

Liability insurance for home policies
As a responsible homeowner, you need home insurance Raleigh based to protect your property’s interior and exterior from damage or theft. However, these are not the only benefits your get from a home insurance policy. On top of the two critical benefits mentioned, another benefit is the coverage against lawsuits or property damage.

This part of your home insurance policy is called liability insurance. This is something many homeowners usually don’t know about. Although it generally comes with every home insurance, the coverage will always depend on your premium. You will need to consult your insurance company to know what’s included in your home insurance Raleigh policy.

Why is liability cover essential within your home insurance? Here are the reasons:

  1. Liability insurance is your protection against lawsuits if someone gets injured in your property. For example, if a neighbor suffered a fracture from tripping on something in your backyard and you are held liable, you can get a liability claim to cover the costs of the injury. Dog bites are also included under the common liability claim.
  2. Under the contents cover, liability insurance can provide coverage if you or a family member, who are permanent residents in your home, injure someone outside your property or even out of town. Hence, when you travel and accidentally hurt someone, you can make a claim under your home insurance policy’s liability cover.
  3. Liability insurance also offers protection when you or a family member is held liable for damage or the loss of other people’s properties. If something in your home, such as a tree branch, falls on your neighbor’s roof or possessions, you can file a liability claim to cover the damages.
  4. When the property is rented to others, the landlord can be held liable when tenants suffer an injury. However, insurance may not protect landlords if they fail to maintain their property, which becomes the cause of the injury.

Ultimately, your home insurance Raleigh policy and its liability cover protect you from untoward incidents where you are held liable for other people getting hurt or damaging their possessions. And because of it, you won’t have to suffer the costs of compensation, medical treatment, and damages.

Of course, every situation is carefully checked, and there may be cases where your insurance won’t cover your liability.

Umbrella Insurance additional coverage

Knowing why you need a home or car insurance policy is a no-brainer. But what about an umbrella insurance Raleigh policy? Not many people know about or understand this type of insurance. If you’re one of those people, you’re in the right place.

Umbrella insurance falls under personal liability insurance. This kind of insurance becomes crucial when your home or car insurance is not enough to cover liability claims against you. In short, it provides excess liability insurance or additional coverage beyond your other insurance policies. Many consider this kind of insurance as protection for their assets because if your current policies can’t provide coverage, you might lose your possessions trying to settle lawsuits.

Umbrella Insurance additional coverage

Specifically, an umbrella insurance Raleigh policy has the following benefits:

  • It is an affordable way of gaining extra liability coverage to protect you and your assets. Though rare, losing a lawsuit where the total cost of damages exceeds your home insurance or car insurance coverage is not impossible. In this case, umbrella insurance can cover the additional liability costs. Without it, you might lose your savings and assets to keep up with the costs of damages or injuries.
  • Your family members will also receive protection. Of course, your child or spouse can get a lawsuit for causing harm to others. When this happens, your umbrella insurance will cover the damages over what your home or car insurance already covered.
  • Umbrella insurance can also provide coverage against libel, slander, and false imprisonment – claims that your home or auto insurance doesn’t cover.
  • For landlords, umbrella insurance can cover liability claims not included in home insurance and renter policy.
  • Your home or car does not need to be involved in an accident or unexpected situation for you to file a claim. Additionally, it can be used even when you’re out of the country.

Umbrella insurance Raleigh policy is quite beneficial for people with higher net worth. But, of course, with more significant assets come more significant losses. So, for you to protect what you have, you also need to have additional coverage. However, policyholders must understand that umbrella insurance does not cover their property or possessions. It simply provides protection from liabilities made against them.

Do you need umbrella insurance? If you’re undecided, go with the general rule that if the total value of your assets exceeds your home or car insurance limits, then you most likely need it. Or you can simply ask yourself if you are at risk of being sued. If yes, umbrella insurance is undoubtedly for you.

For more information about insurance, please read the following posts: Builder’s Risk Insurance, and Business Insurance.