Your home is a very important part of your life and making sure that you take the time to get a policy that fits your particular situation is a must. For the most part, your home insurance is going to cover a huge range of things in regards to your home and home insurance is required if you have a loan or a mortgage on your home. For those that live in the Collierville, TN area, the agents with Brock and Poole Insurance Agency can help you to find the right policy for you.

You are only required to have a home insurance policy if you have a mortgage or other type of loan on your car. This means that if you pay off your home, you are not required to hold any sort of home insurance policy. This does not mean that it is advised that you drop your policy as soon as you pay your home off. It is always a good idea to have a home policy so that you can recover if something happens to your home. It is helpful to learn what your home policy is actually all about, your home policy is meant to be the cost of your home should you rebuild in the current market.

Your home policy is going to help you to get your home back in shape if something catastrophic happens. You do not have to have a home policy if you own your home but it is advised that you do so that if something happens, you are not going to have to pay for your home outright to help replace everything and rebuild. For those in the Collierville, TN area, the agents with Brock and Poole Insurance Agency can help you find the right policy for your home.  

Purchasing homeowner insurance can be overwhelming especially for first-time buyers. This is due to the complexities involved in the process. Before making the final decision and appending your signature, it is important to understand the dos and don’ts of buying a primary home insurance.

Here are a number of tips that can guide you on the whole process.

1. Do a comparison by contacting at least three companies

Before settling down on a particular insurance company, do comparisons on the coverage if at all it has additional insurance, compare the prices and customer reviews? Ensure to shop for value and not the bottom prices. In addition, choose one with good customer service reviews.

2. Get an adequate level of coverage and extra protection for your high-value items

Ensure you get the right amount of coverage depending on your needs. Always avoid paying more than you need. In case you have specific special and high-value items, ensure they are fully covered.

3. Understand all the details in your policy more so the insurance terms

Understanding the basic terms of your homeowner’s policy will save you much. The most common insurance terms include:

• Deductible- An amount you pay before your insurance kicks in
• Liability coverage which covers for bills of an injured person on your property
• Personal property which is any tangible property in your home
• The premium which is the price you pay for insurance
• Replacement costs which cater for the full cost of replacing your home or property
• Actual cash value which caters for the current cash value inclusive of depreciation for your home and personal property

If you are looking around to purchase a homeowners insurance coverage plan, then look no further. At Collierville, TN, Brock and Poole Insurance Agency, we know which coverage plan is right for you. Visit us today for adept advice on all matters home insurance.

Spring in Collierville, TN brings more than flowers. It means thunderstorms, tornadoes, and floods. Some of the damage caused by those natural hazards your homeowners policy covers. Others it doesn’t. Brock and Poole Insurance Agency wants you to understand your homeowners policy so you can plan ahead and obtain additional insurance to remain on the safe side.

Homeowners Insurance vs. Specific Hazard Insurance

Check your policy. Every policy differs. Read which hazards your policy covers.

Know the difference between how damage occurs and when your policy covers it. For example, if your pipes burst or a pipe springs a leak, flooding your basement, a homeowners policy typically covers it. If heavy rains cause rising waters and it floods your home, flood insurance covers it.

Tornadoes occur commonly in Tennessee. Many homeowners policies cover wind damage from a tornado. If you live in an area that previously sustained damage, especially more than once, your policy may no longer cover wind damage. You would need to obtain a separate wind insurance policy to cover your home against tornado wind damage.

Hail occurs often in thunderstorms. It can occur outside of one. A typical homeowners policy covers hail damage. If you live in an area experiencing frequent hailstorms though, the policy may not cover it. You may need separate hail insurance.

Coverage Limits and Deductibles

Check your policy for your coverage limits and your deductible. A deductible refers to the amount of money you must spend out of your pocket before the insurance kicks in and pays for other items.

The higher the deductible, the lower your premiums. If you can afford a higher deductible, you can obtain greater coverage limits for less money. That’s important because if your property values go up before you update your policy, your policy only covers the amount for which you obtained it. It will cost you more to rebuild than your insurance covers.

Coverage limits also apply to the home’s contents. If you recently purchased new appliances, electronics, etc. without increasing your coverage, your insurance won’t cover all your costs.

Brock and Poole Insurance Agency wants you to have the coverage you need so when disaster strikes, you can quickly recover. Collierville, TN experiences stormy weather annually. We can help you prepare for the worst, so you can keep living the best life possible.

Your home in Collierville, TN is one of your biggest investments, if not your biggest. You are probably depending on having your home until retirement, or at least using the principle when you decide to move. That is why protecting your home is so important, for you and your family. 

At Brock and Poole Insurance Agency, you can find a homeowners policy that will suit your needs. You will need to make sure that the value of your home and all the possessions inside are covered, including your furniture, clothing, and appliances. 

But what happens if you get a roommate? Since your policy covers all your possessions inside your home, will it also cover your roommate’s? 

Your insurance policy is a contract, and the terms of the contract are spelled out clearly. If your roommate is not named as someone who is covered under the contract, his possessions will not be covered. In fact, your roommate will probably be considered a renter.

He will also not be able to take advantage of other benefits of the insurance policy. For instance, if someone tries to sue your roommate because of an injury caused by the roommate on your property, the insurance company will not provide counsel or pay out on the claim. Also, if a catastrophe were to happen which caused you to not be able to live in the home, like a fire, temporary accommodation will not be offered to someone who is not on the policy.

If you have a home in Collierville, TN and have any questions about homeowners or renters policies, please feel free to contact Brock and Poole Insurance Agency today for a free evaluation and quote. 

Do you really understand how your homeowner’s insurance works in Collierville, TN? If not, don’t worry, you aren’t alone. However, it is a good idea to learn more about your policy to ensure you know what to do and what to expect if you ever have to file a claim. 

Here you are going to learn more about a filing a homeowner’s insurance claim after a theft and what you need to do. 

The Prevalence of Thefts and Burglaries 

According to statistics from the FBI, there is a burglary or theft every 14.6 seconds in the U.S. If this happens, you need to know what to do to file an insurance claim and what to expect. 

Always Be Prepared 

While no one expects to have their home robbed, it is something that happens from time to time. This is why it is so important to save all your receipts and find a way to document your purchases. If you do have to file an insurance claim, having this information is much easier. 

A great way to document what you own and what you have in your home is to take a picture and create an inventory checklist. You can even create a video documenting your possessions. This will be invaluable if you must file a claim after a theft with your homeowner’s insurance. 

Steps to Take After a Theft

If you experience a theft, you need to contact an agent at the Brock and Poole Insurance Agency to let them know what happened. It is a good idea to file a police report and make sure you document any damages to your home’s structure. Your insurance agency may launch an investigation prior to providing you with a check for your losses. 

Your insurance company in Collierville, TN will help you with the process and ensure you know what to do to receive compensation. More information on how home insurance works can be found by contacting experienced agents at Brock and Poole Insurance Agency. 

 

If you have the funds, then you might not need to go out and buy insurance from someone like Brock and Poole Insurance Agency. The law requires that you carry auto insurance if you hope to drive, but generally speaking, when it comes to private property, there’s no law insisting on home owners carrying insurance. Indeed, many Collierville, TN homeowners opt to pay for repairs and so on out of pocket anyway in order to keep premiums low, reserving home insurance for major claims.

The question is whether or not this is a wise decision. To what extent can you cover your own home insurance needs?

When considering the costs involved in covering your own home, you have to consider not only repair costs but whether you can afford to cover a full rebuild should a hurricane or something destroy your home. An insurance provider can cover the entire cost of your home. Can you?

You also need to be concerned about liability. If a solicitor twists their ankle on your icy walkway, can you cover the legal expenses to fight their claim or the medical costs should you choose to settle?

It’s not just about whether or not you can cover damages and liability, but whether you can cover them comfortably. The cost of getting a policy in Collierville, TN with Brock and Poole Insurance Agency is going to be considerably less than rebuilding your home or fighting a frivolous lawsuit. You could save a little money in th short run by skipping insurance, but, should something happen, is that what you want to spend your savings on?

Home owner’s insurance is always something that homeowner’s need. In fact, many financial institutions require coverage for all mortgages. If you have received financing from your bank and hold a home owner’s insurance policy it may just cover the basics. Brock and Poole Insurance Agency is here to help guide through the often confusing process of determining the adequate amount of coverage for your Collierville, TN area home. Insurance needs vary for each situation and the amount of coverage required for your mortgage is likely not the full coverage that you need.

Home owner’s insurance can help to cover costs incurred by damage to your home. Depending on the policy, it will cover damage from storms and other natural disasters as well as theft and accidents. It is very helpful to have a professional insurance agent working with you to help determine which coverages are necessary and at what level. The Brock and Poole Insurance Agency is extremely knowledgeable of the needs and requirements of homeowners in the Collierville, TN area and what type of policies are best for their needs. When you work with an experienced agent you will be able to rely on their expertise and training when you are researching policies and the different scenarios that they cover. 

Home insurance is something that we hope we never need, but it is also essential to have the proper level of coverage. Insurance claims can be confusing and the associated paperwork can be time-consuming. The professional agents at Brock and Poole Insurance Agency are able to walk you through the process if you do have a catastrophic event affect your home. Working with an agent can give you the peace of mind that you desire, knowing that your home is covered from unforeseen events.

For many Collierville, TN homeowners, the only time they ever look at their home insurance policy is when they first purchase or rent the property. If you settled down and raised your family, it may have been twenty years since you last reviewed your policy and what it does and does not cover. Brock and Poole Insurance Agency. wish to remind you that sitting down with your agent isn’t simply an opportunity for us to sell you something, but a chance to ensure that you are protecting your investments, family, and lifestyle that has surely changed over the decades.

Review the Assessed Value of Your Home

When you bought your mortgage, your home was possibly worth half or less of its current potential sales price.  While it may save you cash on property taxes if your city or town has not recently assessed your property, if it was damaged in a fire or storm, a below market assessment and insurance policy could result in an insurance payment that is unable to fix your home.  With real estate values on the increase across the nation, this is a good opportunity to protect your most valuable investment.

Valuable Possessions May Benefit from Itemization and Inventories

Over time we often replace our bargain basement set of dishes with elegant stoneware or china. Dime store posters are discarded in favor of artwork.  Collectibles begin to inhabit glass cabinets and even wall safes.  Will your twenty-year-old insurance policy replace unique items at their full value, or will they be considered at the time of a claim as less valuable due to their age? You might want to include full value replacement when you update your policy.

Your agent at Brock and Poole Insurance Agency looks forward to helping you find the coverage you truly need for your Collierville, TN home.

Moving into your home can be one of the most exciting things you do. You picture all of the ways you’ll make the best use of your property, whether that’s morning cups of coffee at the breakfast nook or peaceful outdoor strolls in your backyard. One of the things that isn’t likely to make you excited though is having to decide which home insurance policy to get. It can make you think about all of the bad things that could happen to your property which, let’s face it, almost no one wants to do.

But home insurance is not just a luxury for only the rich, so Brock and Poole Insurance Agency wants the people of Collierville, TN to know more about finding the best policy.

Everything Gets Better 

No matter how much you have when you first move into a house, it’s likely to only get better the longer you live there. Old iPads are replaced with the latest versions or new jewelry is purchased for that important milestone birthday. Whenever you increase the value of your home though, you risk exceeding the limits of your home insurance policy. The same goes for any type of home renovation or improvement you do. With Brock and Poole Insurance Agency on your side though, you’ll have an easy way of updating your policy so that you won’t be held liable for damage if it does happen to befall you. 

Give Us a Call 

If you live in Collierville, TN, then we want to speak to you. We serve the people of your area, and we understand how home insurance helps everyone out. Call us today to speak to our agents and find out more about the best policies for you. 

The first step to any insurance claim is to take the time to document what happened. Say there was a storm and a tree fell onto your roof destroying a large part of your home. You would want to take photos, write down the timeline of events, and take the time to really document what happened in order to make a clear picture for your insurance company. For those in the Collierville, TN area, the agents with Brock and Poole Insurance Agency can help.

After you document what happened you will need to contact your insurance agency in a timely manner. This means within days of the event so that the process can move along quickly. After contacting your agent you will be asked a series of questions so that they can build your record. They will also likely make an appointment for an adjuster to come to your home and document and evaluate what happened.

The adjuster will do a walk through and talk with you about the damage and about what possible fixes there are for what has happened. An adjuster is there to help determine how much it is going to cost the insurance company to fix the damage, they are also there to determine if the damage falls under your policy and if they can write a check to the appropriate people to get the damage fixed.

After your adjuster comes he or she will report back to your insurance agency and will tell them what they found. After this, the insurance company will decide what amount to award and how to pay out. Often, insurance agents will pay the workers directly or will give you a sum of money to have the repairs made. For those in the Collierville, TN area, the agents with Brock and Poole Insurance Agency can help.