Does home owners insurance cover termite damage?

Termites are a problem that you can face at any time, but that does not mean that you are necessarily covered for the damages in your homeowner’s insurance policy. While every plan vary, termite damage is not usually covered by your policy.

Maintaining the Property

A key reason that termite damage is not covered by your insurance policy is the fact that it is possible to catch the problem early and take measures to prevent termites from getting into your home in the first place.

Proper maintenance of your property and regular checks to ensure that you do not have termites can prevent the damage from getting out of control. If you do discover termites, then taking measures to eliminate them before the damage gets extensive is an expected part of homeownership. Many insurers will not cover the damages because you can take measures to limit or even prevent the problem.

Major Damages

While it is not usually covered, some residual or collateral damage may be covered. For example, if you have wooden support beams and they are damaged by the insects, then your insurance may pay for the damages that are directly related to the support beam and any falling structures. It will not pay for the damages that are not related to the roof falling, so the amount of coverage may be very limited.

It may not be enough to cover most problems that arise, and the only protection is usually directly related to major problems and collateral damages.

Protecting your property can seem hard, especially when you discover termites. Fortunately, it is possible to limit or avoid some damages that may arise. Contact us to speak to an agent to learn more about your options and the solutions that may be available when you discover termites.

Why are some cars more costly to insure than others?

Insuring a car does not always mean that the price is reasonable. Some cars cost more to insure in Lafayette, CO than others. Depending on the vehicle and other factors that may impact rates, the amount that you can expect to pay for your car can vary.

Risks Associated With the Car

The risk of theft plays a significant role in the possible cost of coverage. If the car has a higher-than-average risk of catching the eye of a criminal and being stolen, then it is likely that the cost of coverage will increase. Furthermore, the risk of vandalism and other crimes associated with the car can also be important factors.

Risks can also relate to the statistics of an accident. A car that is more likely to get into an accident or have fewer precautions for safety may cost more to cover.

Cost of Repairs

Another factor associated with the make and model of the car is the cost of repairs. Cars that cost a small fortune to fix after an accident will usually cost more to insure when compared to common vehicles that have a low repair cost.

Averages associated with repair costs can vary based on the vehicle. Since parts and the cost of repairs can have different averages, insurance companies will usually factor in the common repairs after an accident and the overall amount that is claimed so that it is possible to set a price.

Certain vehicles will cost more to insure, but it is not related to the color of the car or the appearance of the vehicle. The cost of fixing the car and the possible risks associated with the car are important considerations. Contact us to talk to an agent for more details.

What are some tips for insuring my first car?

It’s an exciting time in your life when you pick up your first car, but you do have practical considerations to keep in mind. In Lafayette, CO, you legally need to hold insurance on your car before you can drive it on the road.

Liability insurance is the basic auto insurance you need before you can drive around. Liability coverage is straightforward. If you hit another car, damage property, or cause injury to a person, the liability insurance kicks in to pay the other party for the issue. It does not cover any damage to your own vehicle, nor does it provide for your medical expenses. The other driver’s liability insurance may pay for this, if you are not at fault.

If you have an inexpensive car as your starter vehicle, you may want to save money by keeping insurance at a bare minimum. You won’t get a lot of money if it’s totaled, and your insurance premiums are higher when you’re insuring first car experiences.

You do have other options for coverage, such as collision and comprehensive. Collision coverage is self-explanatory. Your insurance company pays for damage related to collisions, whether you run into another vehicle or that pesky telephone pole that jumped right in front of you. Comprehensive coverage gives you protection against many other situations that arise, such as your car getting stolen, catching on fire, or even being hit by someone who does not have sufficient insurance coverage.

Get in touch with your independent insurance agent serving the Broomfield and Longmont areas to find the best options for insuring first car options.

How does my credit history affect my car insurance rates?

There are several factors that impact your car insurance rates, including the credit history information that your insurance company looks up when you are asking for coverage. Although your credit score is not the only factor that may impact your rates, it does play a significant role in the process of providing coverage.

Low-Credit Correlation

A key reason that your credit score can impact your rates directly is due to the statistical correlations that insurance companies have identified. If you have a low credit rating, then you are more likely to file a claim when compared to an individual who has a high credit score.

Depending on the score and the details of your driving history, the exact impact on your policy may vary. The correlation is based on the averages and the total amount that is provided in a claim.

Other Factors

While your credit history can play a role in the insurance rates that you are offered, it is only one of the factors that may be considered when you are applying for coverage.

Other factors, such as your driving history, your age and the number of years that you have been driving may also play a role in the coverage that you are offered. In general, an excellent driving history over several years can help keep your rates down, even if you have recently faced some unexpected financial challenges that have impacted your credit rating.

It is hard to protect against damages to your car, especially if you are struggling to find affordable auto insurance and a plan that addresses all of your concerns and goals. Fortunately, it is possible to compare your options to find the best rates. Contact us to speak to an agent for more details.