What is the “Right” Amount of Insurance for Me?

Determining the correct amount of insurance to get on your home can be a difficult task. If you have more than you need, premiums can be through the roof, but if you have less, you may not be covered when disaster strikes. At Kevin Dennis Insurance Agency, we are here to help those in the Mishawaka, IN area to determine the right amount of insurance to fit your specific circumstances.

There are four things you need to be sure to have covered: your home itself (the structure), your possessions, living expenses if you are forced to go somewhere else due to home damage, and any liability to others.

An accurate way to determine the amount of coverage you need for the structure of your home is to multiply the total square footage by the local construction costs, which can be determined with the help of your agent at the Kevin Dennis Insurance Agency. Through a standard homeowners policy, damage as the result of most natural disasters and theft are covered, though impairments resulting from floods and earthquakes is not. An inflation guard may be added to your policy to reflect the current costs of construction in Mishawaka, IN. Older homes may be difficult to insure due to the expense of replacement materials, and therefore you may have a policy that replaces housing components with modern (less expensive) building materials.

To determine the best amount of insurance you need for personal possessions, a home inventory is in order. Make a detailed list of all your belongings that need to be replaced if damaged by fire, theft, etc. You can decide if you are more comfortable with an actual cash value policy, which will cover the cost of possessions minus depreciation, or replacement cost policy, which repays for items in full, regardless of depreciation.

Lastly, your liability portion covers against lawsuits by others due to injury at your abode, or significant damage caused by pets. Your representative at Kevin Dennis Insurance Agency will help you determine an appropriate amount for you.

Finding the Homeowners Insurance for Your Mishawaka, In Home

As a homeowner in Mishawaka, IN, it is important to understand the different types of homeowners insurance available. Insurance is an important asset to own in the event of financial loss due to an accident, certain acts of nature, or theft that may take place on your property. You need to have the correct level of coverage for your home; a discussion with an independent agent for the Kevin Dennis Insurance Agency, Mishawaka IN can help you determine how much insurance you need and if you have the proper amount.

Types of Homeowners Insurance

There are different types of homeowners insurance coverage. The basic type of policy, HO-2, provides coverage for a variety of loss types. These include loss caused by fire or smoke damage, explosions, lightning, hail and windstorms, theft, vandalism, and any damage from vehicles or an aircraft. The basic form will also cover a financial loss that can occur from riots and civil commotion, and even a volcanic eruption, although a nonexistent risk to your Mishawaka, IN home.

Damage from floods and earthquakes are not covered under your standard homeowner’s policy. The risk of loss for floods requires the acquisition of flood insurance through the National Flood Insurance Program, a part of the Federal Emergency Management Administration (FEMA).

How Much Insurance Do I Need for My Mishawaka, In Home?

According to the State of Indiana Department of Insurance, 80 percent of your home’s replacement value should be covered by your homeowner’s insurance. This amount represents the full replacement of your home in the event of a total disaster (such as the case of a catastrophic fire that causes total damage to the home), less the deductible you pay. The best way to determine the replacement value of your home is to work with one of the independent insurance agents for the Kevin Dennis Insurance Agency to proper coverage and the peace of mind in knowing that your home is covered.

When to Update Your Home Insurance in Mishawaka

If your home insurance policy is looking a little dusty, you may want to think about giving it a makeover. If you live in Mishawaka, IN, then Kevin Dennis Insurance Agency has a few tips about renewing.

When You Spend 

The best time to renew your policy is when you start to spend big bucks on your home. Indeed, you’ll want to renew if you do a significant renovation to your home. So if you put in granite countertops or expensive bathroom fixtures, you’re going to want those to be covered if they’re damaged in a storm or act of vandalism. But you’ll also want to update your policy if you’ve bought new electronics, art or jewelry. You will never be able to predict how those things might be destroyed in some way, so it’s worth updating your policy to ensure that they can be replaced.

When You Don’t 

The truth is that your home insurance may need to be updated even if you haven’t changed anything major to the house. Many people don’t know exactly how much is covered when they initially signed their policy, only choosing the cheapest possible premium available. This can end up costing you more than you think. If the possessions inside your house aren’t covered, will you be able to replace your television, phone, and stereo? Or will you end up having to work the next few months just to be able to afford to buy the things you had already purchased in the past?

Kevin Dennis Insurance Agency serves the people of Mishawaka, IN, and wants you to be able to keep the things you own. If you need a new home insurance policy or are just looking for a quote, give us a call today.

Preparing your Mishawaka, IN home for winter

Winter is coming, and you need to ensure that your home is prepared.  There are maintenance tasks that you regularly perform to ensure that your home is kept up.  Winter weather, however, presents its unique challenges.  To ensure that your most valuable asset is protected, completing these tasks will reduce the wear and tear during winter.

Roof:  During the fall season, check the roof for any shingles that are missing or show damage.  Follow this with an inspection of the metal eave flashings.  Taking care of these potential problems while the weather is warmer can prevent them from developing into major issues when winter weather hits.

Pipes:  Take a walk around the exterior of the house and make sure that all pipes are wrapped securely and protected from ice and snow.  This will prevent them from freezing during the winter months.

Gutters:  The best time to inspect and clean a home’s gutters and down spouts is while the weather is still mild.  Clean gutters protect the exterior and foundation of a home by directing water and ice safely away from the walls.  Gutters that are filled with debris can cause them to become clogged with ice during winter weather.

Fire Extinguishers:  Fire extinguishers needs to be checked annually.  The pressure gauge should show that the unit is fully charged.  Take the time to ensure that every person living in the home understands how to operate the extinguisher.

Finally, spend some time reviewing the home insurance policy.  As your needs change, your policy will need to be adjusted.  You can easily compare policies online at Kevin Dennis Insurance Agency.  The professionals at Kevin Dennis Insurance Agency serves the needs of homeowners in Mishawaka, IN.  They will ensure that you have the coverage your family needs.

Staying Up to Date With Your Home Insurance: Tips for Renewing

When you’ve already purchased your home owner policy, it’s tempting to just let it go for a while. After all, if it isn’t broke, then why fix it? However, home values change over time and so do rates, which makes it worth your while financially to stay on top of it all. When you want to make your policy current, keep these tips in mind from Kevin Dennis Insurance Agency. 

Update Your Home Values 

If you’ve added on an addition to your home in Mishawaka, IN, say you converted your garage into a den or put on a new bathroom, you likely already know that you need to call your provider and let them know. Otherwise, if something happens to all the work you’ve done, it may not be covered and you’ll essentially have done all that work for nothing. However, many people buy expensive art, furniture or electronics and never think that their home owners policy may need to be updated. These possessions can quickly add up, and if your limits don’t reflect the actual value of what’s in your home, you may end up regretting it should there be a theft or other damage to what’s inside. 

Ask Questions 

Kevin Dennis Insurance Agency serves Mishawaka, IN, and we’re here to be of service to you. The best thing you can do when you update your home insurance policy is to stay involved with the process. We can take you through each clause, and help you write in certain requests that are specific to you and your home. Whether you’re looking to renew or just looking to see if it makes sense to do so, give us a call to talk to our agents for more information today. 

Moving to Mishawaka, IN? You Need Home Insurance Quotes!

Anyone moving to Mishawaka, IN knows that having a home means making sure that home is protected. There are a lot of ways you can do that, and one of the best is through good homeowners insurance. To get the right insurance for your needs, you will want several quotes. You could go around to all kinds of companies, asking questions and providing information, or you could contact Kevin Dennis Insurance Agency, instead. Serving Mishawaka and the surrounding area, their independent agents can give you quotes for a number of different companies, so you can choose the home insurance that is going to be right for your particular needs, lifestyle, and budget.

There are many options for homeowners policies, and they are not all the same. Additionally, Indiana has requirements for the level of insurance you need to have if your home has a mortgage. That protects the lender, and you want to make sure you are providing that lender with the right policy so you do not end up getting charged for additional insurance. Whether you have a mortgage on your home or not, though, the right insurance to protect your investment and your belongings is crucial to good peace of mind. Trusted agents can make a big difference when you have insurance questions, as well.

In order to make sure your home is protected, reach out to Kevin Dennis Insurance Agency today and let their independent agents give you quotes for several different companies and policies. Then you can pick the one you really want, and get the insurance buying advice you need from a knowledgeable source. That not only provides peace of mind, but can help you save money and also make it easier for you to make adjustments to your home insurance policy as your future needs change.

The Benefits of Buying Life Insurance with an Insurance Agent

When you are in the market for life insurance, knowing what you need can be tricky. Beyond the terminology, there are a lot of options for you. You can choose different types of life insurance, and you can choose different agencies. At Kevin Dennis Insurance Agency, we’ve found one of the best ways to buy life insurance is by using a licensed insurance agent.

Licensed Insurance Agents Can Match Your Needs

You buy products and services because you have a need. Although you know you need life insurance, purchasing life insurance with an agent can help you flesh out all of your needs, so that you buy the best policy for your situation. In fact, based on your finances, a life insurance agent can help you choose a policy that fits perfectly in your budget.

Insurance Agents Can Help You Understand Your Policy

Another reason insurance agents are great when it comes to buying a life insurance policy is because they can help you decipher what it is you are getting with your policy. There is no doubt, the language weaved in your insurance policy can be intimidating. In fact, if you don’t have experience with life insurance, you may find that it’s hard to determine what’s covered and what’s not. Fortunately, with the assistance of a life insurance agent from Kevin Dennis Insurance Agency, you can rest assured knowing that you chose the policy that is best for your family.

Insurance Agents Are Great During Annual Reviews

Most people purchase a life insurance policy, and then they leave it for years. Unfortunately, when you fail to maintain your life insurance policy, you could inadvertently hurt yourself. By working with a professional, you get the benefit of annual reviews. During the annual review, your agent will look for ways to make your policy better, save you money, and check to ensure you have enough insurance.

You don’t have to find a life insurance policy on your own. With the help of a professional life insurance agent at our offices in and around Mishawaka, IN, we can find the perfect policy for you. Visit us at our website to learn more about the different life insurance products we offer.

 

Common Misconceptions About Commercial Insurance

It’s important that business owners understand commercial insurance well in order to pick the best possible policy out their for their unique companies. Being able to recognize popular misconceptions about commercial insurance is important if you want to find a policy that meets all your needs and protects you against all the potential liabilities your company faces.

The following are five of the most common misconceptions out there about commercial insurance:

  1. It’s not necessary to get commercial coverage on a personal car that sometimes gets used at work- If your personal vehicle is being driven by one of your employees and an accident occurs, your personal auto insurance policy may not cover the damages.
  2. A commercial policy offering “general liability coverage” will offer coverage for car accidents occurring while commercial vehicles are used- In most cases, “general liability coverage” for a commercial insurance policy will cover costs that come up due to either physical injury or property damage of customers or members of the public.
  3. “Full” coverage means coverage for every possible liability- Read the fine print. No commercial insurance policy is actually going to cover every possible liability.
  4. Only those who work in medicine and law need “errors and omissions” coverage- Any company offering advice to clients could potentially benefit from errors and omissions coverage. If clients are paying you for advice that could impact their finances or health, errors and omissions insurance could be highly valuable.
  5. A commercial insurance policy will cover flood damage to company facilities- As with home insurance, commercial insurance does not automatically include coverage for flood damage. On most policies, it will be necessary to get this coverage as an add-on.

If you’re interested in commercial insurance for your Mishawaka, IN company, contact Kevin Dennis Insurance Agency to learn more.

Meeting Home and Auto Insurance Requirements in Mishawaka, IN

It is important as both a home and auto owner in Mishawaka, IN to have the correct information at hand regarding your home and auto insurance coverage. Knowing what is required will help you not only obtain the minimum amount of protection necessary but also help you understand what level of protection is necessary for your home and auto. Working with an independent insurance agent serving the insurance needs of Mishawaka, IN residents helps to further localize your insurance coverage and give you the peace of  mind you need in knowing that your property and car are protected from complete financial loss should an accident or other event occur.

What are the Mishawaka, IN Requirements for Home and Auto Insurance?

For home and auto insurance coverage issued in the State of Indiana, there are specific guidelines that must be met, according to the state’s Department of Insurance (DOI). Auto insurance written in the state must, at a minimum, include protection from loss caused by those drivers who are either uninsured or underinsured. The minimum liability limits that must be maintained range from $10,000 for property damage to $50,000 for bodily injury caused by both uninsured and underinsured motorists.

Home insurance is referred to in the state as property insurance. There are no minimum standards set by the State of Indiana for the type of home insurance you should have for your Mishawaka, IN Home. DOI, however, does mention that any loss you face on your property such as to the primary residence, dwellings on your property and loss related to theft, property damage and bodily injury, should be covered for at least 80% replacement value of the loss. This means that if you face a financial loss, your obligation for out-of-pocket cost would be 20% while the insurance company would be responsible for the remaining 80%.

Working with a Kevin Dennis Insurance Agency, Inc Independent Insurance Agent

When you work with an independent insurance agent, like those with the Kevin Dennis Insurance Agency serving Mishawaka, IN, find out how many insurers they represent. An independent agent who represents many different insurance companies can provide you with a wide price range to assist you in meeting your home and auto insurance requirements. The job of an independent insurance agent is to ensure that you receive the adequate insurance protection you need at a price that fits into your budget. Call an independent agent with the Kevin Dennis Insurance Agency serving Mishawaka, IN and find out if your home and auto insurance meet the state’s requirements.

Reasons to Purchase Flood Insurance

Even in areas that are dry for long periods of time, there are usually large storms that flood areas, even if just for a moment. The idea that you have to live in a flood prone area or an area that is a designated flood area to be susceptible to flooding is simply false. However, many people are living with this false sense of security. Flood insurance is something that all homeowners should have so they can protect their home and their investment and there are a few reasons why.

  1. Flooding can happen anywhere. You do not need to live by a river or stream for potential flooding. Flooding can happen if a water main break occurs in your home, if the above ground pool your neighbor has gives way, or even in over or newly developed areas because the water cannot absorb into the soil with new roads everywhere.
  2. Your current homeowners insurance policy likely does not cover it. In fact, many homeowners insurance policies do not include flood insurance so do not assume you have it by having homeowners insurance. Check your policy to see what is covered by your insurance so you can know exactly what you need.
  3. Almost 20 percent of flooding occurs in areas that are considered moderate or low risk for flooding. This is just further proof that flooding can occur anywhere and not just in areas that are high risk. You need to protect yourself from flooding no matter where you live and flood insurance is the way to do that.

If you are interested in learning more about your options for flood insurance, please contact us at Kevin Dennis Insurance Agency, Inc. We will be happy to take a look at your needs and help you find the perfect policy for your home.