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Your Guide To Workers Compensation Insurance Coverage

Did you know that all employers that operate in Massachusetts are required to carry workers’ compensation insurance for their employees and for themselves if they are an employee of their company? In addition, the requisite applies no matter the number of employees, or the number of hours worked. The only exception is for domestic based employees who must work at least 16 hours a week in order to be covered under a workers’ compensation policy.

However, members of a limited liability company (LLC), partners of a limited liability partnership (LLP), or sole proprietors of an unincorporated business are not required to carry workers’ compensation insurance for themselves. This exception does not apply to employees who are not members of the LLC or LLP. They must still be covered. So what does your worker’s compensation insurance coverage actually cover? In essence, workers’ compensation helps to cover the costs that are related directly to work injuries.

Your policy covers all medical expenses, missed wages during the recovery period, and compensation for fatal injuries. Your workers’ compensation insurance coverage also protects you from lawsuits that are related to work injuries. If an accident occurs at your workplace, workers’ compensation covers the cost of immediate care, such as an ambulance ride or an emergency room visit. It also helps pay for the injured party’s surgical procedures, medications, hospital stays, and other medical bills.

Ongoing care, such as continuing medication and physical rehabilitation, is also covered. Obviously, a serious injury can prevent one of your employee’s from returning to work for days, weeks, or even months. Your workers’ compensation insurance coverage often pays for part of the wages lost while an employee is recovering from a workplace injury or occupational illness. If a work-related incident happens to be fatal, your workers’ compensation policy pays death benefits that cover funeral expenses, and help support the deceased employee’s family.

Last but certainly not least, workers’ compensation insurance coverage typically includes liability insurance that protects the business, and principals of the business. For example, the insurance policy protects you and your business from any lawsuits that claim an employee as injured due to your negligence. If your employee sues you in a court of law the workers’ compensation insurance covers your attorney fees, court costs, and settlements or judgments that go against you.

That being stated, it is crucial to carry enough workers compensation insurance coverage to fully protect you.  Otherwise you may very well end up going out of pocket for the difference. For example, if you lose a lawsuit that requires a $1 million dollar payout and you only have $500,000 coverage, you are responsible to pay the remaining balance of $500,000. On the other hand, if your workers’ compensation insurance coverage is $1 million or more, you will be fully covered. That means you will not need to go out of pocket to pay the debt.

If you own a business, you need to have the proper business insurance policies in place. Please consult with a professional insurance agent that specializes in providing workers’ compensation insurance. It is important to fully understand exactly what you are buying when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

Must Have Apartment Building Insurance Policies Part 2 of 2

Please continue reading part two (2) of this article below….

Property Insurance

The second type of apartment building insurance policy that you must have is called property insurance. There are a multitude of potential disasters that may strike at any time. These disasters may very well cause damage or destruction to your apartment building. Sometimes the damages are small, other times the damages can be large enough to destroy the entire building.

In essence, property insurance helps to protect you if your building is damaged by a covered type of loss.

Typically speaking damages caused by fire, smoke, windstorms, vandalism, lighting, vehicles, aircraft, explosions, and riots are considered covered damages. It should be noted that floods are not covered under the vast majority of property insurance policies, which means coverage requires a separate flood insurance policy.

Business Income Insurance

What would happen to your bottom line if your tenants were forced to leave their apartments because of a covered loss such as a fire? In essence, you would not be receiving any rental income for the foreseeable future. That can cause a tremendous amount of financial loss that may be difficult to come back from. This holds especially if you have mortgage or multiple mortgages on the building. The banks still require monthly payments even if you are not taking in any rent.

The good news is that business income insurance goes a long way in reimbursing you for the income that you will lose when your building is out of operations based on a covered loss. Once again, disaster can and does strike at any time. In the minimum, the business income insurance will provide you with peace of mind knowing that you are covered from a rental income standpoint.

Umbrella Insurance

Did you know that if the limit of your liability policy is reached, you may very well be on the hook for the remaining balance of the claim? Although liability insurance provides you with a great deal of financial protection, you may run into a situation where the lawsuit is bigger than the limits of your policy. That is exactly where umbrella insurance comes into play. In essence, it provides coverage that goes above and beyond your liability policy.

For example, if your liability insurance policy has a limit of $2 million it will not pay any more than that amount in any given lawsuit. However, you may encounter a lawsuit where the award is set at $3 million. If you do not have an umbrella policy that covers the difference, you will end up going out of pocket for $1 million. That much money can hurt even the most insulated apartment building owner. In some cases, it can ruin you from a financial standpoint.

If you own an apartment building, you need to have the proper apartment building insurance policies in place. Please consult with a professional insurance agent that specializes in providing apartment building insurance. It is important to fully understand exactly what you are buying when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

Must Have Apartment Building Insurance Policies Part 1 of 2

It goes without saying that if you own an apartment building in Massachusetts, you face a plethora of risks as a landlord from both a liability and property damage perspective. That means you need to have the proper apartment building insurance policies in place in order to be able to sleep at night. Otherwise you are taking an unnecessary risk that can cost you a significant amount of money out of pocket. The bottom line is that you need to ensure that your assets are fully protected. That being stated, there are many apartment building related insurance policies available.

Some are more important than others. That means your budget will help to determine the insurance policies you absolutely need to take out, and which ones will remain on your wish list. However, there are a few apartment building insurance policies that you simply cannot live without. The following article will provide you with information about the must have apartment building insurance policies.

General Liability Insurance

First and foremost, if you own an apartment building or multiple buildings, you need to have a general liability insurance policy in place. There is absolutely no question about this.  If someone ends up getting hurt in one of the common areas such as a hallway, lobby, parking lot, outside gathering area, pool, or gym to name a few they may very well sue you for damages in a court of law. In essence, your general liability policy helps to protect you and your assets from a financial standpoint when anyone claims that they suffered from either bodily injury or property damage based on something that occurred at your building.

We happen to live in an incredibly litigious world, which means people will sue you for everything and anything. For example, one of your tenants may have a visitor that trips over a piece of uneven carpet in the hallway. The trip causes the visitor fall and break his or her ankle. In addition, the visitor hits his or head and ends up with a broken nose and a concussion. The visitor decides to sue you based on the injuries that he or she sustained. General liability insurance covers the legal expenses that are required to defend yourself in a lawsuit.

It also covers damages that you must pay that person if you lose the case. Lawsuits tend to get incredibly expensive and can bankrupt landlords that do not have enough general liability insurance coverage. That is why you need to discuss your apartment building insurance policy with an insurance agent that has the knowledge and experience working with property owners.

…. To Be Continued

If you own an apartment building, you need to have the proper apartment building insurance policies in place. Please consult with a professional insurance agent that specializes in providing apartment building insurance. It is important to fully understand exactly what you are buying when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

What You Need To Know About Condo Insurance

People that own condos do not actually own the building that they live in or the land that the building sits on. That is why your Homeowners Association, or HOA for short, carries a master insurance policy that covers the building, and also pays for any accidents that happen outside of the property or in common areas of the property. That being stated, the HOA’s master insurance policy typically does not cover any repairs that are needed inside of your unit if a disaster happens to strike. In addition, the master policy will not cover any liabilities that occur inside of your unit.

If a visitor or third party gets hurt inside of your condo, the liability is your responsibility. That means you are on the line to pay for their medical expenses, and any damages if they successfully sue you in a court of law. To add insult to injury, the HOA’s master insurance policy does not cover the replacement of stolen or damaged personal belongings. In essence, if your stuff is stolen or destroyed in a fire or other type of disaster, you will not be compensated in any manner.  If you feel a bit scared at this point, do not hit the panic button.

The good news is that there is an easy way to protect yourself. You can take out a personal Condo Insurance policy that can cover all of the above. In further good news, personal Condo Insurance In Massachusetts is far more affordable than you may think. On average, it on costs approximately $100-$400 per year. Your particular rate depends upon a few factors. For example, where you live, the construction materials that were used to build your condo, and how much your HOA’s master policy actually covers can affect the numbers.

The coverage options and limits you choose, and of course the deductible amount all factor into the equation as well. So how much condo insurance do you need to purchase? In order to accurately answer this question, you should consult with an experienced insurance agent that specializes in providing condo insurance policies. However, there are a few rules of thumb to give you an idea ahead of time. In order to calculate the amount of personal property coverage you need to replace all of your possessions, simply do a home inventory.

You should also review the HOA’s master policy to see exactly what it covers. For example, some master policies will not cover anything inside of your unit including the plumbing and wiring inside of the walls. Others will cover cabinetry, lighting, and fixtures. It is best to have this information in hand when reviewing your options with your insurance agent. That way you will be able to take out the correct amount of coverage for your particular situation.

In conclusion, it is important to fully understand exactly what you are buying when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

You Need ATV Insurance If You Plan To Ride This Year

The spring is well under way and the summer is right around the corner. It is time to break our your All Terrain Vehicle, or ATV for short, in order to hit the trails if you have not done so already. Riding an ATV can certainly be a thrilling experience. These machines provide hours upon hours of fun for a great deal of people across Massachusetts. However, that fun can quickly come to an end if you do not have ATV insurance coverage. So what exactly does ATV insurance cover? In essence, it will protect you and your financial interests in the event of loss or damages due to an accident.

It also covers you if the vehicle is stolen. An ATV insurance policy consists of multiple parts. Liability Coverage covers the cost of both bodily injury and property damage if you cause an accident. It also covers the cost of your legal expenses if you are sued by another party. The cost is based on a pre-determined amount of coverage. Your ATV insurance policy also includes Collision Coverage. In essence, it pays for any repairs to your ATV if you damage it in an accident. Comprehensive Coverage is optional. It provides protection if your ATV is stolen, damaged by fire, severe weather, or vandalism.

Uninsured/Underinsured Motorist Coverage is also option. This part of your policy helps to cover costs if another rider causes an accident that you are involved in, and that other rider does not have insurance to cover your expenses. Prior to making any decisions regarding your ATV insurance policy, you should meet with an experienced insurance agent that specializes in these types of policies. That way you will receive the proper information and will have the ability to make an informed decision. ATV insurance works just like an Automobile insurance policy in regards to how it is designed.

It is there to protect your best interests, and helps you recover from a financial standpoint so that the costs of lawsuits, injuries, and repairs do not affect your personal finances. In essence, it protects you from going out of pocket when certain problems arise. Since riding an ATV comes with a great deal of risks, it simply does not make sense not to have a solid policy in place. If do you happen to get into an accident that ends up injuring you or damaging your vehicle, your insurance agent will help you start the claim process.

That way you your compensation will not be delayed. Keep in mind that you should provide any available documentation about the accident, including photographs if you have them. An insurance adjuster will review the damage in order to determine the amount of compensation you will receive. The amount of compensation is based on a few factors including the amount of coverage you have, the type of loss you suffered, and of course your deductible.

In conclusion, it is important to fully understand exactly what you are buying when it comes to your ATV insurance policy. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

The Best Way To Prevent A Lawsuit From Ruining Your Business

As a business owner you face a great deal of risks on a daily basis. This statement holds particularly true in the current situation that we are all dealing with. However, what would happen if you were sued? At first you may go into denial and think that there is absolutely no reason for someone to sue you. While this may be true, we do live in an extremely litigious world. That means anyone can sue you at anytime and for any reason. In fact, small business owners are sued all the time for both legitimate and unfounded reasons.

In essence, you may very well find yourself in the middle of a lawsuit even if it is a frivolous one. It goes without saying that any lawsuit can cause an enormous amount of stress. Some may even lead to financial disaster, even if you did absolutely nothing wrong. The good news is that asset protection planning goes a long way in mitigating the impact of any lawsuit. So what exactly is asset protection planning? By definition it is a “pre-litigation risk management tool that is intended to both deter and discourage lawsuits from occurring.”

If that is not possible, asset protection planning seeks to get your creditor to agree to a settlement that you find favorable. It should leave them with less they sought to get. A great deal of entrepreneurs are focused on the bigger picture. i.e. running their companies in a profitable manner now and in the future. That being stated, you must also take the proper steps in order to protect your assets from the negative implications of litigation. The best way to prevent a lawsuit from ruining your business is by having a liability insurance policy in place that fully covers you from a financial standpoint.

In fact, liability insurance is the most cost effective form of asset protection for both you and your business. Although business owners may have a liability insurance policy, they may not have the correct kind or the proper amount in place. This happens on a frequent basis because liability insurance certainly is not something that the vast majority of business owners pay attention to. In essence, they take out a policy, check it off the to do list, and move on to other things.

Many business owners take out commercial liability policies, yet they fail to fully realize that their business can be ruined if they are involved in a personal lawsuit. A simple umbrella policy covers both yourself and your business. In essence, it is an inexpensive way to cover your business assets and your personal assets in the event that you are sued. It is unfortunately that a plethora of business owners, particularly incredibly successful ones, are either underinsured, or their policies do not cover them in a sufficient manner.

Some insurance companies maximize the amount of coverage for their umbrella policies at $5 million. That means if your net worth, including your ownership share of the business, is over $5 million you may be at serious risk and should consult with an experienced insurance agency that specializes in liability insurance for business owners.

In conclusion, it is important to fully understand exactly what you are buying when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

Coronavirus Will Cause Life Insurance Rates To Increase

Our lives have literally changed overnight thanks to the Covid 19 pandemic. Most of us are stuck in our homes social distancing from family members, friends, neighbors, and co-workers. A trip to the grocery store means gearing up and bracing for longer lines and emptier shelves. Our schools are now just empty buildings instead of places of learning. Even the children would rather be there with their friends and teachers instead of being stuck at home with their parents and siblings.

Office buildings share the same fate. Most of us would rather be back at work telling stories around the water cooler with our co-workers as opposed to working remotely from home. If you are working on the front line we thank you and hope that you stay safe. You are the true heroes. The good news is that this will end at some point in the near future, and we will get back to normal. In the meantime, it is a great idea to take this occasion to be thankful for what you have instead of focusing on what you do not have.

It is also a good opportunity to concentrate on the important things in life such as your family, and how to best protect them. In addition to following all of the Covid 19 protocol in order to keep your family as healthy as possible, it is also important to either review your current life insurance policy, or consider taking one out if you do not have a policy in place. Now is the perfect time to do it because life insurance premiums are bound to go up based on the fact that lives are being lost because of Coronavirus.

Unfortunately, this trend will continue for a while before things level out. That means the life insurance premiums will rise with the death rate. Think of it in the following manner. Life insurance companies are forced to raise prices based on the immense increase in the policy payouts that are associated with the higher death rate. If that sounds a bit morbid, it is. However, it is important to explain the process so that you have a better understanding of how the process actually works.

The bottom line is that now is the perfect time to lock in your life insurance policy before the prices spike up. If you already have a life insurance policy in place, you should be asking yourself if there is enough coverage to protect your loved ones if something should happen to you? For example, most policyholders take out life insurance when they start a family, and then do not think much about it. That being stated, your family may have grown since that time, which means you need to increase the policy amount. If you have started a family and do not have life insurance, now is the time to get it.

In conclusion, the Covid 19 pandemic has taught us the importance of being prepared. Please consult with a professional insurance agent that specializes in providing life insurance. It is important to fully understand exactly what you are buying when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

Your Guide To Boat Insurance

The beginning of spring is here in Massachusetts! That means the warm weather will soon follow. A great deal of people are looking forward to getting their boat in the water while others are planning to purchase one. Boating is a great activity that provides countless hours of fun and fresh air. That holds particularly important in these times of uncertainty. If you currently own a boat or are planning to buy one in the near future, it is important to find the best boat insurance policy that will fully cover you if there are any damages or even theft.

The following information will help you understand what boat insurance policies are all about. So without further ado, here is your guide to boat insurance.

Do You Actually Need Boat Insurance?

In most cases, the answer to this question is YES. That being stated, there are situations where your homeowner’s insurance policy covers your boat, but they are extremely limited. For example, homeowner’s policies are characteristically caped at $1,000. On top of that, liability coverage, the main component that pays for damage to both your boat and others, is not usually included under your homeowner’s policy.  If you own the following type of boat, you do not need boat insurance coverage….

  1. Boats with small engines
  2. Canoes
  3. Any other type of small, slow and inexpensive vessel

If you own the following type of boat, you do need boat insurance coverage….

  1. Yachts
  2. Jet Boats
  3. Large Sailboats
  4. Personal watercraft such as Jet Ski’s
  5. Any type of boat that has the capability to go over 25 miles per hour

What To Expect From Your Boat Insurance Policy

First and foremost, liability coverage is the most important piece of the boat insurance pie. In essence, it pays for any damages to the boat itself. For example, if the boat is in an accident while on the water, or being transported to the water, the liability section of your boat owners policy will coverage the damages or replacement costs. Liability coverage also provides financial protection for you if a third party is injured in any manner as a direct result of your boat.

For example, if a guest is injured while on your boat, the liability section of your boat owner’s policy covers the costs if you are sued in a court of law. It also covers their medical expenses. However, there are a few items that the liability coverage does not cover. For example, it does not cover normal wear and tear to the boat, damage caused by mold/insects/ and zebra mussels, or any damage that is caused from sharks and other sea dwelling creatures. In addition, there are two (2) types of damage coverage that you can purchase as part of your boaters insurance policy.

The Actual Cash Value pays you for the value of your boat at the time it is damaged. The amount is not based on the purchase price of your boat. It is based on the current market value of your boat. Your insurance company will determine the current market value based on a plethora of factors such as recent sales prices of same of similar models, age, and deprecation to name a few. The other type of damage coverage is called Agreed Amount Value.

If your boat is completely ruined as in totaled, your insurance company will pay you an amount of money that both you and the insurer agreed upon when taking out the policy or updating it. If repairs can be made to your boat, the insurance company will replace the broken items with brand new ones without making a deduction for depreciation. Typically speaking, Agreed Amount Value is the more expensive option because it provides the best benefit.

In conclusion, if you own a boat, you need to have the proper boat insurance policy in place. Please consult with a professional insurance agent that specializes in providing boat owners insurance. It is important to fully understand exactly what you are buying when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

 

Motorcycle Insurance Coverage Options

The spring season is finally upon us, which means a great deal of people will start riding their motorcycles again. It is a great way to travel, especially in the day and age of social isolation. Hitting the road on your bike may actually be the best and safest way to get out of the house in order to blow off some steam. What better way is there to stay away from others, but still have the freedom to cruise? That being stated, you still need to make sure that your motorcycle is properly insured before you take it out for a spin. So without further ado, the following information will provide you with a bunch of motorcycle insurance coverage options that will protect both your ride and yourself.

In essence, there are many types of motorcycle insurance coverage options to choose from. In fact, they are similar to the standard options that are available for automobile insurance. In addition to liability coverage, and uninsured/underinsured motorist coverage, the following options are typically available to motorcycle owners in the Commonwealth of Massachusetts.

Collision Coverage

If you get into an accident with your motorcycle, collision coverage pays for the actual damage to the bike after your deductible is subtracted from the repair or replacement amount. The deductible is the amount of money that you choose when you initially purchased your policy. In essence, it is the amount that is deducted from the claim check.

Comprehensive Coverage

This type of motorcycle insurance coverage pays you if your motorcycle is stolen or if the bike is damaged by anything other than a collision with another vehicle. Please note that a deductible applies and collision with animals are covered under your comprehensive coverage.

Personal Injury Protection Coverage

This type of motorcycle insurance coverage pays for medical bills, or portions of medical bills for parties that are injured in an accident. The parties may include you, a passenger, a pedestrian, or another operator. Insurance companies typically offer personal injury protection as an add on option, although it may be included as part of your standard policy. Deductibles may apply in certain cases.

Trip Interruption Coverage

This type of motorcycle insurance coverage comes in extremely handy if you are in an accident, or your motorcycle is put out of action when far away from your home. In essence, trip interruption coverage pays for food, lodging, and transportation if you are at least 100 miles away from your primary address.

Roadside Assistance Coverage

Speaking of breaking down, roadside assistance coverage includes towing and even labor at the site where your motorcycle breaks down. This is typically limited to specific distances within the radius of your primary address. For example, roadside assistance may only cover you if the bike is located within 30 miles of your place of residence.

Transport Trailer Coverage

If you travel with your motorcycle or transport it in a trailer, you should seriously consider adding this type of coverage to your policy. In essence, it covers damages to trailers that are valued up to $7,500.

In conclusion, if you own and operate a motorcycle, it is just as important to have the proper insurance coverage as it for your automobile. It can make the difference of having an amazing experience on the open road, or potentially facing a disaster from a financial standpoint. Please consult with a professional insurance agent that specializes in providing motorcycle insurance. It is important to fully understand exactly what you are buying when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain stockyour coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

What Exactly Does Your Homeowners Insurance Policy Cover? Part 2 of 2

Tip #2: Check The Value Of Your Policy Against The Local Building Costs On A Yearly Basis

It is always a good idea to check with your insurance agent to see if they offer an Inflation Guard Clause. In essence, it automatically adjusts the dwelling limit when you renew your policy to reflect the current construction costs in your area. That being stated, it is a good idea to keep up with the local building costs by checking with the builders association.

Tip #3: Avoid Insuring Your Home Based On Market Value

Do not insure your property based on the current market value because the cost to rebuild your home may actually be higher or lower than the price you paid for it or the amount you can sell it for in the current real estate market.

There are also two (2) methods to insure your personal belongings. They are as follows….

Replacement Cost Coverage

In essence, replacement cost coverage is a part of the insurance policy that pays you the dollar amount needed to replace damaged personal property with items of like quality or kind, and without a deduction for depreciation.

Actual Cash Value

In essence, actual cash value is a part of the insurance policy under which the policyholder receives an amount of money equal to the replacement value of the damaged or missing property minus depreciation. The coverage is for actual cash value unless your homeowner’s policy specifically states that the personal property is to be covered for its actual replacement value.

When it comes to insuring your personal items, there are a few tips that you should keep in mind. They are as follows….

Tip #1: Review The Limits Of Your Policy For Personal Items

It is important to check the limits of your homeowner’s insurance policy regarding your personal items such as jewelry, silverware, computer equipment, and expensive collectibles. If the limits happen to be too low, you should consider purchasing additional personal property insurance coverage in the form of a floater. It is also referred to as an endorsement, which means it is in addition to your standard homeowners insurance policy. A floater is a form of insurance that provides you with the ability to insure valuable items in a separate manner.

Tip #2: Take An Inventory Of Your Personal Items

It is also important to take on inventory of everything that you own in your home, along with items that you own that are located in other buildings on the property such as an unattached garage or storage shed. The key is to actually take the time to list the major items that you own. You should include all available information when writing it down such as the serial number, make and model, purchase price, date of purchase, and current market value.

Tip #3: Document Your Belongings

A great deal of homeowners do not take the time to actually document their belongings. It is always a good idea to take either still pictures or videos of the items. You should also attach receipts to your items when applicable. Keep in mind that you should store the records pertaining to your belongings away from your home. For example, if your house were to burn down then the records of your belongings will burn if stored at the property. You can always rent a safe deposit box at your local bank. You should also update the inventory list and records when you make any new purchases of value.

In conclusion, perhaps the most important thing that you can do in order to safeguard both your home and property inside of your home is to fully understand that your homeowner’s insurance policy is actually a contract. That means you need to be fully aware of exactly what is in that contract.

It is important to fully understand exactly what you are purchasing when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.