Insurance Management Brokers is on your side. As an independent insurance agency, we review multiple insurance companies and compare protection and prices to find the best value for you.
We’re your local agents — people that know you and know how to help you, so we know how to get the best insurance for your property. Speak today with one of the members of our team about you insurance needs.
If your home was damaged or destroyed, you’ll want your claim resolved by an insurance agency that understands this simple fact.
Insurance Management Brokers can help you find the homeowners insurance that best meets your needs and provide the most valuable combination of personalized coverage, quality service, and fair prices.
Whether you own a house, apartment, or condo, the right home insurance policy can give you peace of mind and the money you need to repair or replace your home and/or belongings.
Insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.
Homeowners policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that cover losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specified losses.
Your home insurance policy is typically made up of the specific options you choose, so how much you’ll pay for your policy depends on:
Protection for Your Home
Protection for You and Other People
Additional Living Expenses
Protection for Your Belongings
Scheduled Personal Property Coverage
If You Rent Out Your Home
Property or Dwelling Coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm.
Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video — using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. Keep in mind that your policy doesn’t cover damages caused by poor or deferred maintenance on your part.
Your condominium insurance policy covers your personal property and liability, as well as any additions, alterations, or improvements you make to your unit that are your responsibility under the condominium association agreement.
Optional assessment loss coverage is also available to protect you against certain assessments that the association may impose. You would be compensated for additional living expenses incurred if you needed to evacuate your condo after a covered loss.
Condo insurance provides coverage for your personal property and much more. For a few more dollars, you can elect to carry Full Value Personal Property which ensures that you are reimbursed full replacement value without regard for depreciation after a covered loss.
If you have upgraded cabinets or put in hardwood floors, condo building item coverage protects these investments. Be sure to consult your HOA agreement to determine what the Association policy covers and what you are responsible for. If common areas are damaged, your condo association may levy assessments against all the owners to pay the deductible on their association policy.
Various appraisal loss coverage limits are available. Be sure to check the HOA agreement to determine the potential for such assessments.
Your condominium insurance policy also protects you and your family members against bodily injury and property damage liability claims and any litigation that may result, subject to the limits you select.
A rental property is a great investment, especially if you protect your assets with excellent coverage. Make sure you and your property are covered by choosing a homeowner’s protection insurance policy.
Landlord Protection liability insurance options protect you and your spouse or domestic partner against personal injury, wrongful eviction, or wrongful entry as well as other non-bodily injury claims such as libel and slander.
Many landlords supplement their coverage with personal umbrella liability insurance for broader protection. Talk to us today about the amount of coverage that’s right for you.
To find out more about this product and other products and services,
contact Insurance Management Brokers today.
In 1968, Congress created the National Flood Insurance Program (NFIP) to help provide a means for property owners to financially protect themselves. The NFIP offers flood insurance to homeowners, renters, and business owners if their community participates in the NFIP. Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements to reduce the risk of flooding. Find out more about the NFIP and how it can help you protect yourself.
Flood insurance protects two types of insurable property: building and contents. The first covers your building, the latter covers your possessions; neither covers the land they occupy.
Since standard homeowners insurance doesn’t cover flooding, it’s important to have protection from the floods associated with hurricanes, tropical storms, heavy rains and other conditions that impact the U.S.
The two most common reimbursement methods for flood claims are : Replacement Cost Value (RCV) and Actual Cash Value (ACV). The RCV is the cost to replace damaged property. It is reimbursable to owners of single-family, primary residences insured to within 80% of the buildings replacement cost.
All other buildings and personal property (i.e. contents) are valued at ACV. The ACV is the RCV at the time of loss minus physical depreciation. Personal property is always valued using the ACV.
To really feel secure about protecting your assets and your future, you may need the extra level of protection provided by a personal umbrella liability insurance policy.
An umbrella policy provides additional layers of liability protection. If the liability limits are exhausted on your home, auto, or other underlying insurance policy, your umbrella insurance policy takes over and provides you with additional protection. The cost is minimal compared to the comfort of knowing you’re covered.Flood insurance protects two types of insurable property: building and contents. The first covers your building, the latter covers your possessions; neither covers the land they occupy.
Imagine what would happen if your dog was to bite a neighbor’s child, or if there was an accident on your rental property. What would happen if a fire in your condo spread to other units? If any of these things happened to you, there’s a good chance your current liability limits wouldn’t be adequate to protect your assets, or your future earnings.
Once the liability limits are exhausted on your home, auto, or other policy, your umbrella policy takes over and provides a second layer of protection of at least $1,000,000. Higher limits may also be available. Talk with Insurance Management Brokers to determine the right amount of coverage for your needs.
An umbrella insurance policy also pays some claims not covered by your home, auto, or other underlying insurance. The policy covers not just you, but your spouse and all family members living in your household, anywhere in the world. Legal defense fees are also paid.
The right coverage for you is unique – talk to Insurance Management Brokers today to find out how to protect yourself, your family and your future with the right personal umbrella insurance for you. Just call 303-578-0209 to speak with one of our agents and determine the right coverage for you.