What are the benefits of motor home insurance?

Owning a motor home can be a good idea for anyone in the Woodstock, GA area. When you do own a motor home here, it will ensure that you will have a comfortable mode of transportation if you are looking to tour the country and state. At the same time, a motor home will give you a safe and secure place to sleep at night. If you are going to get a motor home, you should also get proper insurance for it. There are several benefits that come when you get motor home insurance.

Coverage Provides Legal Compliance

One of the benefits of getting motor home insurance is that you will be in compliance with the law. Anyone that would like to drive a motor home in the state of Georgia needs to follow the same insurance laws as other motorists. State law here will require that you carry at least a liability policy, which ensures you have the capability to pay for any damages you may cause in an accident.

Coverage Protects Asset

Another reason that you should get a motor home insurance policy is that it can protect your asset. If you were to purchase a motor home, you will be investing a lot in this new asset. If you do not have coverage and it is stolen or damaged, you will incur a significant loss. Fortunately, you can offset this risk if you get a full motor home insurance policy. 

When you want motor home insurance in the Woodstock, GA area, you should reach out to the team of professionals at Peter Laczko Insurance Inc. Motor home insurance is a complex form of coverage, and having Peter Laczko Insurance Inc. by your side will make choosing a policy much easier. The team takes a personalized approach to give insurance guidance to ensure you get the right policy that meets your needs. 

What valuation method should you choose in your home insurance policy?

When shopping for home insurance for your Woodstock, GA home, you might think every homeowners’ policy works the same way and this is far from true. Your policy would pay for you to repair or purchase a new home if the incumbent home incurred damage covered under the policy. The value of the home and the valuation method are enumerated in the policy details through and decide how much money you would receive if a named peril damaged the house.

This blog explains the difference between valuation methods so you can make a savvy insurance purchase from Peter Laczko Insurance Inc. Your home policy might use one of the following five values for your home:

  • guaranteed replacement value, 
  • replacement value, 
  • cash value, 
  • fair market value,
  • extended replacement value.

Almost no insurers offer guaranteed replacement value any longer. That pays you what it would cost to replace your home as it was when you purchased it, but at today’s market rates. Instead, many insurance companies offer extended replacement value which functions in a similar manner but requires you to purchase an add-on home warranty as part of your insurance coverage.

Replacement value provides you the money to purchase a home at the value you purchased your home, while case value gives you what it was worth just before the damage from the named peril occurred. Fair market value pays what it sounds like it does – what you would get if you had sold the home before the peril damaged it. You get its value on the real estate market.

Each of these valuation methods can result in vastly different payouts. You may have purchased a historical home with intrinsic value. Since your purchase, the local building codes may have undergone updates. Those updates require you to spend much more money to build to code than re-building just as the home was constructed originally. Only guaranteed replacement value and extended replacement value would pay for the updated home completely. The other methods would leave you with out-of-pocket expenses.

Replacement value would come close but still would not cover everything. Cash value and fair market value could leave you in the hole by thousands of dollars since they look at replacing the home in present value. You might have cared perfectly for your home, but the fair market value could lower your payout since the fair market value of a home also includes the value of the neighborhood. If your neighborhood declined, it impacts the value of your home.

Contact Peter Laczko Insurance Inc. for more information on insuring your home in Woodstock, GA. We can help you properly insure your investment.

Can Home Insurance Protect Homeowners From Issues With Radon Gas?

Radon gas is a radioactive gas naturally produced within the earth. This gas can leak into a home or building without being detected for some time. This type of gas is very dangerous and can lead to damages and health problems if not detected and mitigated immediately. 

Radon Gas And Home Insurance

Unfortunately, home insurance coverage normally doesn’t pay for damage, mitigation, and displacement as a result of radon gas emissions into the home or covered structures. This is why it is important to have the home checked for radon gas before making a purchase to help prevent any losses. Speak with the real estate agent to find out if it’s possible to test for radon during the home inspection to help provide details.

Finding Home Insurance

Home insurance policies have limitations and terms and conditions to be aware of before making a purchase. That is why you need an experienced insurance professional like those at Peter Laczko Insurance Inc. working with you to help you find the ideal home insurance policy. Let them know if you have any special concerns about the home’s location or other issues like radon gas before making a policy purchase. The agent can help you understand which options work to fit your needs and take a special circumstance into consideration. Working with your agent in Woodstock, GA is your best defense against surprises and gaps in coverage.

Anyone who is currently searching for home insurance should consult with the agents at Peter Laczko Insurance Inc. who serve the residents of Woodstock, GA. They are ready to answer your questions and help you discover insurance options that provide peace of mind and year-round protection. 

How to Add Riders to Your Home Policy

Here at Peter Laczko Insurance Inc. in Woodstock, GA, we’re first to admit that homeowners’ insurance isn’t a simple matter. We want it to be though. We’re here to answer your questions. One question we hear often is “why would I need a rider to my policy and what exactly is a rider?”

The term rider refers to an addition to a policy that adds a higher level of coverage for one item or category of item. An endorsement and rider refer to the same thing. You can add it to a condo, home, mobile home or renter’s insurance.

One common limitation or exclusion – jewelry – probably tops the list of popular riders. Most home insurance caps your jewelry losses around $2,000 or 10 percent of the policy value. That may not even cover your wedding band set, so you’d add a jewelry rider to cover the rest.

Policies cover an average household. That’s how it got the name standard policy. You customize it for your needs by adding riders.

Besides jewelry, households also commonly choose to add riders for hobby items, antiques, Oriental rugs, stereo, and high-end TV equipment, fine art, and home office equipment.

If your standard policy as written covers everything you need, no problem. You need to do nothing, but sit back and enjoy the safety it provides. If you have other items to protect, add one or more riders.

That’s right. You can add more than one, so you can protect all of your personal property. You can add them for nearly any item that the standard policy excludes or that has low limits.

Let’s go over your policy together to determine what items might require riders in your home. Contact Peter Laczko Insurance Inc serving Woodstock, GA today.

How Your Home Insurance Provides Protection for Family Parties

Part of the joy of owning your own home is inviting all your Woodstock, GA area friends and family to come over for a special celebration. If you ever worry about what would happen to your personal savings account if somebody was injured on the deck or in the pool, your home insurance policy from Peter Laczko Insurance Inc. is here to provide reassurance and protection.

Trip and Falls Do Happen

No matter how diligent you are in maintaining your home, it is always possible for somebody to trip on the front steps or slip around the pool.  They are called accidents for a reason. When it happens on your property, it is likely that you may be found responsible for the costs incurred in the emergency room and while your friend recovers. That is only fair, but not the end of the world.

Liability Coverage Takes Care of Medical Payments

Part of every home insurance policy is a liability section. This helps to cover the expense of seeking medical treatment and even for living expenses when somebody is injured on your property. You are generally responsible to pay for a minimal deductible while the insurance company takes care of the rest, up to an agreed upon maximum amount. 

Party On with Confidence

What does this mean? Feel free to open the doors of your Woodstock, GA home and welcome in your family for some fun over the long weekend. Since you have a home insurance policy from Peter Laczko Insurance Inc. you are protected from the unexpected incidents that may arise during any celebration. If you are wondering if your liability is sufficient, give our local insurance agents a call and we will be happy to review your policy today.

What Protection Does Your Home Policy Provide for Items You Have in Storage?

Many people in the greater Woodstock, GA area find that they have more possessions than will fit in their home or apartment. Whether you are a renter or an owner, a comprehensive policy can provide protection for your items, no matter where they may be. The professional team at Peter Laczko Insurance Inc. are here to review your current policy or to help you choose your first home owner or renter’s policy. If you are unsure of the level of protection that you have or that you need, we are here to help!

Protect Your Possessions, No Matter Where They Are

If you are downsizing, or are just cleaning out some clutter from your home, you may find that a storage solution is necessary for your belongings. There are insurance policies available, for both homeowners and renters, that need protection for items that are both at home or in storage. A comprehensive policy will provide the protection you need for all of your personal items. One thing to note is that your home or renters insurance policy will likely not provide coverage of your items as they are being transported from one place to another via a moving company. During your home insurance policy review be sure to inform your agent of any plans that you may have to relocate and how your items will be transported and they can address your individual situation.

Now is the time to make sure that you have the coverage that you need to protect your possessions, whether they are in your home or at a storage facility. If you are in the greater Woodstock, GA area call or stop by the Peter Laczko Insurance Inc. offices today and we will help you put the necessary coverage in place!

Home owners transition basics

In today’s life transitions, people no longer stay in one family home for generations. Often people will live and own several houses of different sizes, in different areas of the country during their lives. Transitioning you should know a few basics so a new place to live doesn’t dazzle you and then surprise you with costs you don’t anticipate.

Be aware of your paper trail

  • Know your credit rating: This can make a difference in your insurance premium.
  • Check your any home insurance claims that you might have filed.  Your agent can look at various sites for you and determine how it will affect future insurance.
  • Renters insurance It can be important to have a history of insurance when you are buying.

Things to look for

  • Construction of the house:  Look at the location of where you want to move, it may come with hidden problems like flooding hurricanes or weather.
  • Age of the house: Older homes sometimes have features that are costly to deal with repairs. These replacements may raise the cost of insurance.  
  • Current codes: The age of the house and updates may indicate whether or not it’s up to code. This may affect insurance rates.
  • Mechanical systems and safety devices:  Plumbing, electric, HVAC, as well as smoke, fire and burglar alarms all wear out in time. Recent upgrades make for a safer home and minimize insurance.
  • Pool, wood burning stove: Wonderful to have, but you will need higher property and liability.
  • Fire department: Little known is that if a home is located near a fire station and a hydrant close by have reduced insurance. Also, there’s a bonus for a professional rather fire department.
Peter Laczko Insurance Inc. serving Woodstock, GA can help you find the insurance you need.

 

Insuring the business inside your home

A lot of people are running commercial operations, or businesses out of their homes. Many business owners are renters of the places where there businesses are, but when you operate one out of your home, that changes the rules somewhat. Professional staff at Peter Laczko Insurance in Woodstock, GA can advise you of your insurance needs when you operate a business in your home.

To some extent, your homeowners insurance is all you need. If you are a freelance writer, for instance, and customers ever enter your business, there may not be any need for anything extra. However, if you are a massage therapist or hairdresser, and people come to your home for service, you will have much different needs.

Your exposure to liability is a major concern when it comes to operating a business, and this is an area where you need to make sure  you are covered. Agents at Peter Laczko Insurance in Woodstock, GA. can explain the intricacies of how this insurance works, and can help you make sure you have the coverage you need.

But even if your business does not involve having the public in your home, you should also be concerned about your equipment or tools, that can get very expensive. You may be able to include it under your homeowners policy, but in some cases you will need an additional policy or rider to get the coverage you need.

Even if you are buying and selling items over the Internet, you will still want to make sure the property you are selling is covered against things like theft, fire or various storm damage. If you are an existing customer, come visit us and let us update your policy to reflect your current situation. New customers are always welcome too, and we can help you find the best policy to fit your situation.

What Is The Difference Between Homeowners And Renters Insurance

Renters insurance protects your personal property which is not protected by a condo association or your landlord, while renters and homeowners face similar risks.  Reports establish that only 37 percent of renters have renters insurance.  Renters insurance premiums are different depending on where you live.

Renters should be aware that that owner’s insurance policy is typically not written to cover any losses to the renter’s property if it is damaged or destroyed.  There are rental policies that required renters to insure their property.  

The landlord and the homeowner have similar risks. There is a definite advantage to the landowner if renters protect their property such as: 

*  To protect the landlord from renter’s  who sue the landlord for any property damage claiming the landlord has responsibility.
*  If the tenant claims it cannot afford insurance the landlord has the opportunity to not to rent to a tenant that presents a risk.
*   The Landlord shifts the risk to the tenant to reduce its responsibility.
*   Tenant damages to the apartment will cover the landlord’s deductible on its policy.
*   If the tenant is a business renter the tenant’s business is protected by its commercial business policy and not by the landlord’s policy.

The major difference between a landlord/homeowner and renters policy is cost.  Renter’s insurance cost less than homeowners unless the renter is a business covered by its commercial policy.

The landlord/homeowner’s policy covers structure while renter’s policy mainly covers personal property.  However, both policies are similar in determining loss either based upon actual cash value or replacement value.  There exclusions that may not cover unusual personal property or environmental threats.  It is clear that as a renter you lose autonomy.  Some insurers will exclude certain types of animals or breed of dogs.

A Home Inventory Can Expedite Your Insurance Claim

A home inventory can come in handy when making an insurance claim. Making an inventory of your personal effects gives you an accurate picture of what you own and how much your goods are worth. In the event of theft, damage or loss of personal goods, you can present this inventory to your Peter Laczko Insurance Inc. adjuster in Woodstock. GA to help expedite your claim. Here are some of the advantages of going through the trouble of making a home inventory.

Proof of Ownership

A home inventory is a document that lists all of your personal effects to include clothing, furniture, electronics, sports gear, jewelry, etc. Your inventory should include a brief description of your goods, receipts of purchase, certification of the historical or cultural value of heirlooms or antiques and photos to verify the condition of valuable items. If you have to make a claim, this document provides proof of ownership for the item(s) that have been damaged or lost. Having this information on hand will help expedite the claims process.  

Proof of Value

In addition to proof of ownership, your home inventory can help substantiate the value of costly goods covered by your insurance policy. Depending on the type of coverage you have and its limits, you can claim the full cost of repairing or replacing items that were stolen, lost or damaged in an event covered by your policy. If, for example, you are covered for replacement costs of posh jewelry, heirlooms or art, having these items documented on a home inventory can help you recuperate your loss.

Having a home inventory can work in your favor to simplify an insurance claim. To learn more about home inventories and how they can facilitate insurance claims, contact your Peter Laczko Insurance Inc. representative in Woodstock. GA.