Home Insurance – Esco Insurance Agency

February 5, 2025February 5, 2025

An Umbrella Just in Time for Spring

Imagine driving home on a rainy night and running a red light, causing a crash. The other driver suffers severe injuries and sues for $750,000. Your auto insurance covers only $300,000, leaving you responsible for $450,000. Without an umbrella policy, you might have to drain savings, sell assets, or face wage garnishment.

With an umbrella policy, the extra $450,000 is covered, protecting your finances.

Other examples where an umbrella policy helps:

Slip-and-Fall at Home – A guest sues after slipping on your icy driveway.

Dog Bite Lawsuit – Your dog bites a neighbor, leading to a legal claim.

Social Media Defamation – Your teen’s post results in a lawsuit.

An umbrella policy provides affordable extra protection for unexpected liability claims that exceed your primary coverage.

Insurance Lapses Will Negatively Impact Your Insurance Score

Why You Should Schedule Your Jewelry, Watches, Furs and Collections

A Win for NC Homeowners Amid Rising Costs

Show Your Pride of Ownership

Higher Deductibles

Increasing Insurance Rates

Proper Coverage

January 27, 2025January 27, 2025

Insurance Lapses Will Negatively Impact Your Insurance Score

For all of your insurance policies, it’s important to avoid insurance lapses because they will negatively impact your insurance score, which companies use to rate your premiums.

A lapse suggests you are high risk, which leads to higher premiums or difficulty obtaining coverage. Companies may decline to cover you, especially if you have multiple gaps in your history. A lapse in your auto coverage may result in suspended license and fines. If you’re uninsured during an accident, you will be personally liable for damages to peoples injuries and damaged property.

Reapplying for insurance after a lapse often results in higher costs and stricter terms. To avoid these issues, keep track of renewals, especially if you’re on auto-pay and just assume it’s paid. And if your Mortgage pays the Homeowners out of your escrow account, be sure you continue to pay the insurance after the mortgage is paid off.

An Umbrella Just in Time for Spring

Why You Should Schedule Your Jewelry, Watches, Furs and Collections

A Win for NC Homeowners Amid Rising Costs

Show Your Pride of Ownership

Higher Deductibles

Increasing Insurance Rates

Proper Coverage

November 25, 2024November 25, 2024

Protecting Your Home From Winter Water Damage

Gutter ice dams form when snow on a roof melts or when rainwater flows down to the eaves and refreezes, creating a barrier of ice.

This can cause water to pool behind the dam, leading to leaks and potential damage to both the roof and interior of the home. To prevent ice dams, homeowners should ensure proper attic insulation to maintain consistent roof temperatures, which helps prevent rapid melting of snow.

Regular gutter maintenance is also essential; gutters should be cleared of debris to allow for proper drainage. Installing heat cables along the roof’s edge can help prevent ice buildup, and using a roof rake to remove excess snow after heavy snowfall can further reduce the risk. By taking these proactive steps, homeowners can minimize the chances of ice dams and protect their homes from winter water damage.

An Umbrella Just in Time for Spring

Insurance Lapses Will Negatively Impact Your Insurance Score

Nothing Destroys Quite Like Water

A Win for NC Homeowners Amid Rising Costs

Show Your Pride of Ownership

Increasing Insurance Rates

Flood Insurance: Guarding Against Nature’s Unpredictability

Proper Coverage

October 2, 2024October 2, 2024

Nothing Destroys Quite Like Water

Each year, 1 out of every 60 homeowners find that out the hard way.

Eighty-four percent of Homeowners have smoke detectors installed, fifty-one percent have Fire Alarms, forty-eight percent have security cameras, yet only seventeen percent have water sensors installed. This is despite the fact that your home is 6-7 times more likely to experience water damage than it is a fire or a burglary.

Water sensors in your home are a valuable investment for several reasons and they’re very affordable. Sensors help detect leaks early, preventing costly water damage and reducing repair expenses. By monitoring moisture levels, these sensors can alert homeowners to potential issues before they escalate. The sensor will also enhance safety by preventing mold growth, which can lead to health problems. In the end, it helps turn a potentially major problem turned into a minor nuisance.

An Umbrella Just in Time for Spring

Insurance Lapses Will Negatively Impact Your Insurance Score

Protecting Your Home From Winter Water Damage

Why You Should Schedule Your Jewelry, Watches, Furs and Collections

A Win for NC Homeowners Amid Rising Costs

Show Your Pride of Ownership

Higher Deductibles

Increasing Insurance Rates

Flood Insurance: Guarding Against Nature’s Unpredictability

August 8, 2024August 8, 2024

A Win for NC Homeowners Amid Rising Costs

A Win for North Carolina Homeowners Amid Rising Costs

The North Carolina Commissioner of Insurance, Mike Causey, helps combat rate increases requested by the NC Insurance bureau.

The Commissioner needs to allow for some increases so that insurance companies can stay in business and afford to pay the claims but he is limiting their requests and we should all be happy about that news. The NC Rate Bureau requested a 50.6% increase and the Commissioner allowed for “only” a 8% increase, on dwellings specifically non-owner-occupied residences with four or fewer units. For residential occupied-homeowners, insurance companies requested for a 42% rate increase statewide( 99% increase for those specifically on the coast). This will be decided on October 1.

“Inflation’s already killing us. Our taxes are up. Groceries are up. Fuel prices are up. Our paychecks are not up. So, we’re struggling to make ends meet. That’s what I heard from people,” Causey said. His department received over 25,000 emails, phone calls, and letters about the proposal, voicing their concerns. My advice, keep those emails & calls going!! He is listening and taking action.

Source: https://search.app/gEVmCSnCgaSBK8Mp6

An Umbrella Just in Time for Spring

Insurance Lapses Will Negatively Impact Your Insurance Score

Protecting Your Home From Winter Water Damage

Nothing Destroys Quite Like Water

Why You Should Schedule Your Jewelry, Watches, Furs and Collections

Show Your Pride of Ownership

Higher Deductibles

Increasing Insurance Rates

Flood Insurance: Guarding Against Nature’s Unpredictability

April 10, 2024April 10, 2024

Flood Insurance: Guarding Against Nature’s Unpredictability

Flood Insurance: Guarding Against Nature's Unpredictability

Unlike standard homeowners policies, Flood Insurance specifically covers damages caused by flooding, including storm surges, heavy rains, and overflowing rivers.

By definition, this protection is picked up whenever water comes into the home from an outside source. This is not the same as plumbing or water back up.

Investing in flood insurance becomes mandatory if a risk is located in a flood zone and there is a loan on the property. Forcing the owner to purchase both home and flood insurance coverage. But beyond repairing structural damages, this specialized coverage often includes compensation for personal belongings and temporary living expenses.

Don’t wait for the next downpour—act now and fortify your property against the unexpected

An Umbrella Just in Time for Spring

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