Buying a home? Here is what you need to know about home insurance

One of the best long-term decisions that you can make would be to buy a home. Not only is a home a great place to live, but it also provides you with a way to build personal equity. When you are looking to buy a home, there are many important factors to consider. One of the most important factors to consider is what you will do for insurance. There are many things that you need to know about home insurance when you are shopping for your policy.

It’s Required

One of the most important things to remember about home insurance is that it is normally required for you to have it. If you have a mortgage or live in any type of association, having a home insurance policy in place at all times is a necessity. Those that do not have a home insurance policy will find themselves out of compliance with these regulations and could be penalized.

Variety of Protection Types

When most people think of home insurance, they naturally think about having coverage if their home is damaged in any way. While this type of coverage is important, there are other types of important coverage as well that come with home insurance. A good home insurance policy in the Brecksville, OH area will give you liability coverage and protect your personal property.

Once you are ready to start looking for a home in the Brecksville, OH area, you should contact Ganley Family Insurance. The team at Ganley Family Insurance can provide you with a variety of great services to ensure you get into the policy that is right for you and your situation. This will give you peace of mind that you and your valuable assets are protected. 

Progressive home owners insurance: What you need to know!

Homeowners insurance is an agreement between you and your insurance company which basically covers your house, separated structures, lawsuits among others. Purchasing a progressive homeowners insurance policy is safe since it offers affordable and comprehensive homeowners coverage for most major risks including fire, theft, and flood among others.

Before settling down on a specific policy, it is important to understand what exactly you’re yourself to. The following guide will help you get a little knowledge on what you need to know about a progressive homeowner’s insurance cover.

1. Price. Various factors are considered when pricing homeowners insurance. Firstly, the size and cost of your home. Secondly, the materials used in constructing your home. Thirdly, your previous claims, and lastly the vulnerability of damages in your area and other safety features.

2. What is covered? Basically, there is a standard homeowners policy which is offered in most states. Nevertheless, it does not cover every aspect of your home. The standard coverage only shields your house, structures not attached to your house, your personal property not inclusive of your expensive items, temporary living expenses, injury on your property and lawsuits. Any other costs and items will need add-on coverage to cater for the expenses in case of perils.

3. Making a claim. Before making a claim, it is necessary to understand that there are some out pocket expenses that you will incur, the main payment being the deductible which is payable if you have another claim or if your home is damaged. Purchasing homeowners insurance cover with a company that has good reviews and great customer service will save you in case you have a claim to process since it’ll be handled efficiently without any headaches.

At Ganley Family Insurance in Brecksville, OH,  we offer great policies for major perils with great customer service. Call us or visit us today for an experience like no other.

What Exactly Does Home Insurance Cover?

It’s no secret that purchasing a home is a major life decision. As such, it’s important for new homeowners to invest in the proper protection by getting home insurance. While this kind of insurance is not a legal requirement in Ohio, it is nonetheless a very smart decision. So on this note, what exactly does home insurance cover?

Expecting the Unexpected

Nobody wants something bad to happen to their property, but the truth is that there are no guarantees that nothing will. Home insurance is, therefore, a precaution in the event that something uncontrollable does happen. From human causes to natural occurrences, insurance is a way to ensure that these events do not cause further damage and pain through financial loss. 

Covering the Home Inside and Out

A good home insurance policy should cover both the structure of the home itself as well as the valuables inside it. In fact, many people opt for a policy that will cover the total value of their home and belongings, in the event that it all needs to be replaced. While the specifics can certainly vary from policy to policy, it’s important to know that the following things can be covered:

  • Lightning strikes
  • Hail, rain and windstorm damage
  • Equipment replacement (furnaces, cooling system, etc.)
  • Fire damage
  • Water damage (such as from leaking or burst pipes)
  • Burglary
  • Identity Theft

Now, it is also important to understand that under a lot of basic policies, damage from certain natural disasters may not be covered. However, if you feel you are at risk, this may be a customizable add-on to your policy. 

Taking the Next Step

When you’re ready to start looking at insurance policies that fit your specific needs and keep your home protected, contact Ganley Family Insurance. As an independent, family-run insurance agency, Ganley is able to match clients in the Brecksville, OH area and beyond with different insurance carriers depending on the kind of coverage they are looking for. 

Do I really need to complete a home inventory?

If you own a home in Brecksville, OH, you hopefully are already protecting your property with a homeowners policy through Ganley Family Insurance. Your home is probably your biggest investment, and you need the peace of mind that comes with knowing that if anything were to happen to it, you and your family would be taken care of.

When you purchased your policy, your agent suggested that you should make an inventory of all your possessions. You may not have done so, because like many other people, you don’t realize how important it is to have that inventory when you need it. 

If you ever did experience a burglary or fire, or another kind of incident where your possessions were lost or destroyed, you would need to file a claim with your insurance. You will need to specifically list all of your losses, in order for us to start the process of getting your funds to you.

Any time you experience a loss can be stressful, and it can be especially traumatic when the loss is large. Having the inventory ready will save you the work of making a list then, and it will greatly simplify the process of filing your claim. 

You can find a handy checklist to help you fill out your inventory at www.insurance.ohio.gov. Using an outline can help you make sure you don’t accidentally leave out anything valuable or important. It is also a good idea to save receipts on large purchases, like televisions or appliances, so you know the value. Keep your paperwork somewhere safe.

To protect your home in Brecksville, OH, make the most complete inventory possible. If you need any assistance, please feel free to call Ganley Family Insurance today. We can provide you with various options so you can get the homeowners policy that’s right for you.

It’s a New Year: Time to Update Your Home Insurance Inventory

Was 2017 a great year for you and your family? You may have expanded your collection of fine art, purchased some designer clothing for your wife, and upgraded your living room with new furniture and electronics.  If you haven’t updated your Brecksville, OH home insurance policy from Ganley Family Insurance, it all might be lost if a fire destroys your house. With an updated inventory, you will have the opportunity to make sure this year’s wealthy won’t vanish overnight.

Why do I Need an Inventory?

Most home insurance policies provide a maximum amount to pay out for your personal possessions in case of total loss for your home.  However, if you look at your policy, it is quite likely that your high-end entertainment system would end up being replaced by a budget theater-in-a-box as that lump sum only covers the value of items at the time of loss–not what it would cost to purchase them new.

What Kinds of Items are At-Risk?

If you are fond of spending money on unique pieces of art, memorabilia, and designer fashion, each item must have a declared value on your inventory if you really expect to recoup your losses.  High-end electronics, antiques, jewelry, and custom furniture should also be included on the list.  Anything that is sold with a perceived value vs. the common cost for that type of item should be included. 

Full Replacement Value vs. Actual Cash Value

You may wish to stipulate full replacement value on your Brecksville, OH home insurance policy for these valuable pieces.  This ensures that their value at the time of loss is not calculated with depreciation in mind, as collectibles may rise in value over time.

Give your friendly agent at  Ganley Family Insurance a call and discuss how best to protect your most cherished purchases against loss.

What to Expect When Filing a Home Insurance Claim for Theft

At Ganley Family Insurance, serving the greater Brecksville, OH area, we never want to see our customers affected by theft. Unfortunately, it is a scenario that plays out frequently. If your home was burglarized, you may be looking to file a home insurance claim for theft. Here is what you can expect as you go about filing this claim. 

Filling Out and Obtaining a Police Report

After a theft has occurred at your home, the first thing you will want to do is file and obtain a police report. When you go to file an insurance claim, you will either need to submit the report number or a copy of the report with your claim. If you do not report the theft to police, it is likely your home insurance claim will be denied. 

Filing a Claim

After you have a police report, you will need to file a homeowners insurance claim. You will need to have your name and your policy number with you when you file. Depending on your insurance company, this process may be done in person, over the phone or via the Internet. Be prepared to provide as much detail as you know, such as when the theft occurred and what items are missing. 

Waiting for Payment

After a home insurance claim has been filed, you will have to wait for payment. Most insurance companies have a waiting period for theft that is usually 14 to 30 days. This allows the police time to possibly find and recover your belongings. Once the waiting period is up, a check will be cut for fair market value of your items, less any deductible that you have. 

Having the right home insurance coverages in place can help to protect the value of your belongings in case of theft. If you are unsure if you have the right policy limits or need to change your policy, contact Ganley Family Insurance, serving the greater Brecksville, OH area. We can look over your policy or write up a new one, to ensure you are fully covered in case the unthinkable happens. Call us now to get started. 

What to Expect When Filing a Home Insurance Claim for Theft

At Ganley Family Insurance, serving the greater Brecksville, OH area, we never want to see our customers affected by theft. Unfortunately, it is a scenario that plays out frequently. If your home was burglarized, you may be looking to file a home insurance claim for theft. Here is what you can expect as you go about filing this claim. 

Filling Out and Obtaining a Police Report

After a theft has occurred at your home, the first thing you will want to do is file and obtain a police report. When you go to file an insurance claim, you will either need to submit the report number or a copy of the report with your claim. If you do not report the theft to police, it is likely your home insurance claim will be denied. 

Filing a Claim

After you have a police report, you will need to file a homeowners insurance claim. You will need to have your name and your policy number with you when you file. Depending on your insurance company, this process may be done in person, over the phone or via the Internet. Be prepared to provide as much detail as you know, such as when the theft occurred and what items are missing. 

Waiting for Payment

After a home insurance claim has been filed, you will have to wait for payment. Most insurance companies have a waiting period for theft that is usually 14 to 30 days. This allows the police time to possibly find and recover your belongings. Once the waiting period is up, a check will be cut for fair market value of your items, less any deductible that you have. 

Having the right home insurance coverages in place can help to protect the value of your belongings in case of theft. If you are unsure if you have the right policy limits or need to change your policy, contact Ganley Family Insurance, serving the greater Brecksville, OH area. We can look over your policy or write up a new one, to ensure you are fully covered in case the unthinkable happens. Call us now to get started. 

Are Home Insurance Scams Real?

The news in Brecksville, OH has been covering a lot of scams lately, the kind that heavily affects elderly people. Do home insurance scams happen regularly and how can they be avoided? That’s what we here at Ganley Family Insurance are here to help you find out.

What Are These Scams?

Although true insurance scams are relatively rare, it is possible for an insurance company to scam a homeowner out of a little money. Most will be centered around a specific agent acting in their interest. The company itself is not performing the fraud, but the person who represents the company. While rare, they can cost you thousands of dollars.

Most will take the form of asking for too much for a policy as the agent pockets the difference. In this way, the provider gets the money they need, and the agent earns too much. Avoiding this kind of problem is as easy as always asking to see a direct quote from the insurance provider.

Scams From The Policy Holder Are More Common

While it is possible to get scammed from insurance companies, it is relatively rare. The only type that occurs regularly is door-to-door sellers who don’t represent an insurance business. They will typically set up a scenario in which they get money from the person they are scamming. Avoiding this scenario involves never buying policies unless directly contacting a trusted agent. However, real scams are more common from those who are insured.

Why is that the case? Home insurance providers are heavily regulated and their actions regularly scrutinized. It’s a lot harder for them to scam somebody, as a result. However, homeowners can often trick an insurance company with false claims. While also not common, it is a problem that plagues the insurance industry.

You Are Protected

If you live in North Olmsted, Strongsville, or Brecksville, OH and are worried about a scam, please contact us today. Ganley Family Insurance has decades of experience serving the area and will provide you with high-quality and fair coverage.

Pest Infestation and Home Coverage

Can a homeowner expect his or her homeowner insurance to help with covering the cost of a pest infestation cleanup? That depends and may be, but most likely no. While that answer can be confusing, a lot depends on the wording of a given policy and what kind of infestation and damage has actually occurred.

With pest remediation the wording of a homeowner’s policy matters tremendously, according to Ganley Family Insurance. Unfortunately, a large number of cases pests are considered a homeowner’s maintenance issue. Some policies are very specific about using wording that specifically spells out pest types that are not covered. In other cases, if the conditions identify that the damage happened over time and could have been avoided by care, the insurance provider still won’t cover the damage. For example, rats chewing into wires and causing a home fire may be denied if there is proof that the rat presence was known for a long time and nothing was done about it. Pests from home gardens can be another preventable source.

Interestingly, if a house guest is injured by a pest, such as a rat or spider bite a policy may cover the medical costs and related care. This would be considered an injury on the premises which many insurance plans do address (although a rat or spider bite is not likely to rack up thousands upon thousands of dollars in medical costs unless there is a major infection involved).

It’s critical to work with one’s insurance agent ahead of time to be prepared. For those in the Brecksville, OH area, help is available with Ganley Family Insurance. Their agents are trained and experienced in all kinds of damage situations, including those involving pests. They can clarify language clauses and point out what would like to be covered and what would not. And for Brecksville, OH residents, knowledge is half the battle in protecting one’s home.

 

3 Tips to Preventing Holiday Home Accidents

Holiday season offers a wonderful opportunity for socializing with family and friends. At the same time, having a house full of visitors increases the risk of accidents. A homeowner’s insurance policy from Ganley Family Insurance in Brecksville, OH, can protect you and your guests in the event of an accident. By taking the following precautions, however, you can make accidents at home that much harder to happen.   

Fire Prevention

Check all holiday lights before putting them up to ensure they are in good condition and have no loose wiring. Keep your Christmas tree and decorations away from portable heaters and out of areas that receive a lot of foot traffic. Switch from real candles to LED operated ones that are just as attractive and safer to use around children.

Practice safe cooking habits when in the kitchen. Don’t leave food on the stove unattended and abstain from drinking alcohol until the meal is served. Make the kitchen a “kid-free” zone when cooking lavish holiday meals to reduce the risk of accidents.  

How to Avoid Slips and Falls

Declutter stairs, halls and living areas so guests can move about freely without the risk of tripping and falling. Repair loose floorboards and secure carpets and rugs to the floor to avoid tripping and sliding. For evening gatherings, make sure entryways, stairways and garden walkways are well lit so guests can see where they’re walking.   

Care of Children   

Children are a wonderful part of family gatherings. For their safety, encourage parents to supervise their kids at all times. When selecting kids’ games and toys, make sure they’re safe and age appropriate for playing. Don’t let kids run, jump, or rough house inside the house where they can hurt themselves or others.

For more holiday safety tips and greater insight into home insurance options, contact Ganley Family Insurance in Brecksville, OH.