Things home insurance won’t cover

Posted on September 30, 2021October 3, 2021 by admin

No matter where you live, there are risks that all homeowners face. You have made a major investment in buying your home. Protecting that investment is important. No home insurance will cover everything, but knowing what is not covered can help you make adjustments. Finding the right policy is easier if you have an independent insurance agent who can put your interests first. At August Vincent Insurance Agency in Huntley, IL our agents work hard for you. With more than a decade of experience in the Quad Cities, we are familiar with the local market.

Owner neglect

One of the easiest things to make adjustments for is owner neglect. Your insurance company expects you to maintain your home and if you don’t replace your roof and it leaks, well, it’s likely they won’t cover the damage caused by the leak. If you get termites, they won’t pay for the damage, you should get your place treated.

Flooding

Floods are one of the most common natural disasters and cause millions in damage every year. Home insurance does not cover flooding. If you live in an area where there is a danger of flood damage, you need to purchase a separate flood insurance policy.

Earth Movement

Earth movement refers to things like earthquakes, mudslides, and sinkholes. None of these disasters are covered. Again, if it is a worry, you can purchase a separate policy.

Sewer backup

The only thing more disturbing than having a sewer backup in your home is finding out that it is not covered by your home insurance.

Identity theft

Expenses that may be incurred due to identity theft are generally not covered by your home insurance. You can purchase coverage for these kinds of expenses.

When you are in the market for home insurance, contact August Vincent Insurance Agency in Huntley, IL, to get a no-obligation quote.

4 Commercial Insurance Add-ons to Consider

Posted on August 16, 2021July 23, 2021 by admin

Regardless of your Huntley, IL business size, it would help if you had commercial insurance to thrive in the uncertain business environment. Like health or car insurance, commercial insurance is one coverage that you wish you never have to use. But because you can’t predict risks, business insurance is the safety net you run to when the unthinkable strikes your business venture.

Unfortunately, many small businesses operate without commercial insurance. In fact, many have confessed to have not bought commercial insurance after one year of being in operation. While this might seem like a saving, it’s a recipe for disaster. Just one catastrophe is enough to wipe your beloved business. In light of this, August Vincent Insurance Agency shares must-have coverages for a small business.

Liability coverage

If you live in America, you know that legal suits can strike anytime. And boy, you better have liability coverage when lawsuits come calling. Legal cases can be expensive, especially when ruled against your favor. As such, you need liability coverage to cover claims against property damage, property damage, and advertising injury facing your business.

Workers’ comp insurance

While workers’ comp insurance is mandatory in Illinois, this shouldn’t be the only motivation to purchase this coverage. Workers’ comp insurance protects your most valuable assets — the employees. This coverage pays for the medical costs, partial loss of wages, and funeral expenses following your employees’ work-related injuries and other illnesses.

Commercial property insurance

What would a business be without assets — your building, inventory, furniture, computer equipment, and other assets support almost all your business operations. In light of this, you need insurance that protects your assets against perils like fire, vandalism, theft, and natural calamities.

Commercial auto insurance

Again, this is a mandatory requirement in Illinois, but there are plenty of reasons to purchase this coverage beyond compliance. It protects your business against liability claims for accidents your driver is deemed liable. Besides, it covers damages to your car and injuries to your driver.

Buy commercial insurance today!

Now that you are aware of commercial insurance add-ons to consider, it’s time to purchase coverage from August Vincent Insurance Agency. Contact us or visit our Huntley, IL today.

How often should I review my home insurance

Posted on July 23, 2021July 23, 2021 by admin

Peace of mind is what home insurance is designed for. Many things can happen that can damage your home and knowing you are covered for many of them is important. Things change in your life and around your home, and you may need to review the coverage you have. At August Vincent Insurance Agency in Huntley, IL As independent agents, we can provide our clients with more choices which means better options and prices

When your home insurance renews, you will get a new copy of your coverage and on the front of it will be the declaration page. This page is the key to knowing what coverage you have. When it arrives in your home, you should look it over and see if everything makes sense to you. If your premium has dramatically increased you may want to compare the figures to the previous year and see what has caused the increase. Your deductible is listed and also any riders you may have.

If you have made any significant changes to your home, it is a good idea to discuss them with your agent. Certain upgrades may affect your policy. If you replace your roof, you may get a better rate. If you added a security system or any other safety equipment, it may also affect the rating of your policy which can affect your premium.

If you have things like a pool, a trampoline, or a dog, you may want to look at the amount of liability coverage you have. It might be a good time to raise your limit. All of these items are risky and raise the possibility of getting sued. you should review your home policy at least yearly.

If you have home insurance needs, August Vincent Insurance Agency in Huntley, IL is here to offer you friendly and knowledgeable service. You can come into the office or give us a call.