Posted on 2/1/2018 12:00 AM By Florida Peninsula Insurance Company
With your home being one of the largest investments you will make in your lifetime, it is important your home is properly insured for all its worth. A study conducted by Marshall & Swift, determined nearly two out of every three homes in the United States are underinsured. Upon reviewing your policy, you may find your current policy will only insure a percentage of the replacement value of your home. In the unfortunate event of a total loss, a gap in coverage could lead to a severe financial loss. What you need to know to make the right coverage choices:
Market Value vs Replacement Costs - Know the Difference
Many believe their coverage limits are based on the market value of their home, as opposed to the replacement cost of the structure. When you insure your home based on its market value, you run the risk of having insufficient coverage.
Market values are based on factors such as location, neighboring properties, school zones, and property taxes. However, these factors do not have ...
Posted on 11/1/2017 4:27 PM By Florida Peninsula Insurance Company
When it comes to fire safety, younger children need to be taught differently, based on their ways of thinking. Unsurprisingly, many children are fascinated with fire, and providing a fire safety lesson a must. Here are a few points to include in your lesson:
Teach kids never to play with matches, lighters or fireworks/sparklers: These things must always be supervised by an adult. It is important they know playing with these items can be dangerous and cause devastating loss to property and even people.
Make them aware of fire alarms: By pushing the “test” button on your fire alarm, your children will be aware of what your home’s fire alarm sounds like, and how to respond to one when there’s really a fire. Teach them to get low and get out. A child who is coached properly ahead of time will have a better chance to be safe.
Create a family plan: Practice drills with your children and help them remember what to do as a family if there were to ever be a fire ...