Cleveland Home Insurance: Replacement Cost vs Actual Cash Value (What your agent should discuss with you)
Before we even get into how to choose between replacement cost vs. actual cash value insurance coverage, we want to start by stating the basics and reiterating how important home insurance is. Home insurance is vital. We know this because we know that your home is important to you. Whether it's a small country home or a large estate, we know it’s a staple in your life. You sleep there at night, you raise your kids there, and you host the holiday party there every year. Your home is full of memories, laughs, and the best of times. With that being said, home-ownership is not all parties and laughs. Sometimes disaster strikes and it’s best to be prepared if and when that happens.
Maybe you live in an area that floods a lot. Maybe you don’t live on the safest side of town and experience theft and vandalism pretty regularly. Either way, these are all prime examples of why you need to make sure that your home is insured.
Now that we’ve established how necessary home insurance is, let’s talk about the different kinds of coverage. There are two types of coverages called replacement cost and actual cash value. The first thing that you should do before you even think about how to choose between replacement cost vs. actual cash value coverage is to figure out what replacement cost and actual value really mean.
Replacement Cost Insurance
Replacement cost, when it comes down to it, is the cost of what you would pay for damaged, stolen, or destroyed property at today’s prices. This means that whatever the item costs right now is how much you’ll receive to replace that item.
One additional thing to keep in mind with this coverage is that it is typically the pricier option, which makes sense, as it is the less risky option. There is less risk involved, because you know that you will receive enough from the insurance company to go ahead and replace anything that was damaged, stolen, etc. With this peace of mind, though, typically comes a higher price tag.
Actual Cash Value Insurance
This is a little bit different than replacement cost because the insurance company will take the price that something is worth today and then factor in depreciation. That sofa that has similar one’s on the market for $1,000? The insurance company will take that $1,000 and subtract however much depreciation in value your couch had.
If you are looking for a lower-cost homeowners insurance coverage option, this is it. With that being said, it’s important to note that lower-cost usually ends up meaning higher-risk. With paying less for this coverage, you do take on more of a burden if something does happen, as depreciation costs are factored in when your insurance company gives you the money to replace what you had. The price vs. risk difference is definitely something that you will have to think through and decide what is best for you and your family. Luckily, most agents are more than happy to talk through your particular situation, wants, and needs to make sure that you are getting the coverage that is most beneficial to you.
What exactly does this mean?
Even after breaking down what both replacement cost and actual cash value mean, it can still be a bit confusing to understand how to choose between replacement cost vs. actual cash value coverage. We’ll give you an example to better explain how to choose between replacement cost vs. actual cash value home insurance coverage.
Say you have a huge flat screen TV in your living room, and then a storm comes through and destroys your home. That TV cost $1,200 when you bought it, but you had bought it about two years ago, and since then the kids have run into it, the speakers stopped working as well, etc. If you had replacement cost coverage, you would get the amount of money that the TV is going for on the market today. If you had actual cash value coverage, the scratches, not-so-great-anymore speakers, and all of the other imperfections would be subtracted from that market value. The answer to the question, how you would like your insurance company to respond to this situation, should give you a great indication of what coverage you want, and help you to better understand how to choose between replacement cost vs. actual cash value coverage.
Now, go get insured!
Now that we’ve broken down the basics of how to choose between replacement cost vs. actual cash value coverage, you’re ready to take action. It’s important to do research on your own to make sure you are properly informed enough to make a decision on what type of coverage you will go with.
Here at Cobos Insurance, we’re ready to help you with all of your home insurance needs! Regardless of whether you’re looking for replacement cost coverage or actual cash value coverage, we have agents ready to answer all of your questions and help you find the right policy for both you and your family. Click here to learn more or give us a call to speak with an agent today about how we can help you to get that piece of mind that comes from knowing your home, and anything else you may choose to insure through us, will be taken care of!
It’s finally that time of year where everyone is getting their tax return back. You’re probably thinking of what you’ll do with the money. Maybe you’ll put it towards building that pool your family has been wanting for this upcoming summer. Maybe you’re considering a family vacation to the Bahamas. While those both seem like great ideas, have you considered what your tax return could do for your local community if you donated it?
While there are so many reasons that you should donate your tax return to your favorite Ohio Non-Profit, we wanted to break it down into a few key reasons. Through this you can really understand how much of an impact your tax return could have on those who aren’t as fortunate as you and your family.
Reason #1: You’ll be helping your local community
A new pool would be nice, but seeing the impact that your dollars could have in your community? That’s priceless. It’s also all the more reason why you should donate your tax return to your favorite Ohio Non-Profit. There are so many nonprofits in Ohio that impact so many people. Whether they make the disabled feel empowered, providing meals for the homeless, or provide mentors to at-risk youth, these non-profit organizations are doing great things for the people of Ohio. The best aspect is that you can be a part of this too!
Reason #2: You can write your donation off next year on your tax return
We admit, this is a more selfish reason to donate, but it is important to keep in mind that you will be rewarded for the good that you do in your community. You can write off your donations on next year’s tax return, which benefits you in the long run! Who says giving to others can’t be a benefit to you too? This is definitely something to keep in mind when considering why you should donate your tax return to your favorite Ohio Non-Profit organization.
Reason #3: Your money goes further than you think
While you may think that a few hundred or a few thousand dollars can’t really help that many people, it actually can! You’d be surprised at how your small donation can go a long way in the grand scheme of things. Whether it is another night of meals that a soup kitchen can serve or another 50 children that can join the local mentorship program, you are actually making a big difference. You never know, maybe the non-profit will be able to use your donation for something that lasts years. Maybe your donation will allow a nonprofit on the brink of closing to keep their doors open. You can’t put a limit on what your generosity will do, which is why it is so important to really think about the question of why you should donate your tax return to your favorite Ohio Non-Profit.
What if you don’t have a favorite Ohio Non-Profit?
You may be reading this and thinking, “but I don't have a favorite Ohio Non-Profit.” Good news for you, we came up with a list of a few Ohio Nonprofits that do great work for the greater good of those who live in Ohio. Check them out below and really consider donating your tax return, or even donating your time to one of these.
Crayons to Classrooms
This nonprofit, based out of Dayton, Ohio, makes sure that the teachers of students from families who live at or below the federal poverty level get school supplies. This non profit helps 100 schools and 30,000 students a year. That’s a lot of children who are now able to use those supplies to allow them to get an education and maybe even make them grow to love learning. Seeing children graduate high school or college because you decided to donate instead of going on a family trip would be well worth it.
Sanctuary for Senior Dogs
This one is for all of our animal lovers out there. The Sanctuary for Senior Dogs is a nonprofit that rescues senior dogs in need and adopts them into permanent, loving homes. This non-profit is located in Cleveland, Ohio, so for all of our Cleveland people, here’s the perfect one for you.
Hannah’s Treasure Chest
Located in Centerville, Ohio, Hannah’s Treasure Chest sets out to provide care packages with clothing, diapers, books, and toys to children in need. The goal of this nonprofit is to provide children with these things so that families in need can focus their money towards other essentials, such as food, housing, and childcare for their children. If you want to make a difference in a child’s life, simply by providing them with the things that they need to be happy and healthy, you should definitely consider making a donation to Hannah’s Treasure Chest. When you think of why you should donate your tax return to your favorite Ohio Non-Profit, think of all of the items that could be provided to children in need with your tax return alone.
Now go make a difference!
While this article wasn’t intended to guilt you into donating your money, we hope that it opened your eyes to the needs, not only around the world, but in the very community you live in. There are so many great things that can come from a single donation and it is vital that there are people out there who care enough about their communities to be the person that says, “I’ll make a sacrifice to help out my neighbors.”
Don’t stop, keep reading...
If you liked this article and want to keep up with all of our blog posts here at Cobos Insurance, click this link to check out our articles. Thanks for reading!
Believe it or not, summer break is just around the corner for America’s youth. This means that the kids will have entire days free, and most likely will tell you time after time that they’re bored. If that is the case, then it might be time to take a family road trip in the RV. There are so many scenic places that are worth the drive, and that the entire family will love. Maybe you and your spouse are retired and are getting ready to do a cross-country road trip. Maybe you already have a spot at a campground that your family goes to every weekend where the kids get to swim and hang out with friends while you get to kick back and enjoy nature.
Just talking about it makes us more than ready for camping season, but before you even begin to think about taking your RV anywhere, you should first think about insurance. It is important to re-evaluate your coverage if you already have it in place, or to get coverage if you don’t already have it in place. Camping can be so much fun, but an uninsured accident or disaster would put an end to all of the fun pretty quickly. With that being said, there’s no need to stress, because we’re here to help! Below, we’re breaking down where to find Cleveland camper insurance, and explaining what coverage you may need.
The first step…
Before you even begin looking into what insurance company would be best for your family’s RV, your first step in figuring out where to find Cleveland camper insurance should be to begin to think about what coverage you may be interested in. Having an idea of what each different coverage does for you will better enable you to stick to your budget and only get what is necessary for you.
So what coverage do you need?
While we are breaking down coverages here, please keep in mind that there are many different options and that we are simply naming a few here. Always do further research!
Liability - For RV’s that you drive, this coverage is actually required. If you have an RV that you pull with a car or truck, then this isn’t the type of coverage for you. This coverage will pay for damages or injuries that you cause while driving your RV. This is an important one to think about when taking the first step of considering where to find Cleveland camper insurance, because it is essential for RV’s that you drive.
Comprehensive and Collision - Comprehensive coverage is the type of coverage that kicks in when you’re in those “seriously, why does this happen to me?” situations. Things such as theft and vandalism are prime examples of this. Collision, on the other hand, kicks in when you’re in a collision accident, regardless of who is at fault.
Full-timer’s Liability - If you live in your RV and consider it your permanent residence, you’ll want to look into this policy. This coverage deals with liability claims for those that do choose to reside year-round in their RV. If you’re retired and you and your spouse have decided to sell the house and travel the country, this one’s for you!
So what’s next?
Now that you have an idea of what some of your coverage options are, it’s time to look into different insurance companies and ask some questions. Here are a few to consider asking…
Is the insurance agency small or large?
This is an important question to ask when looking into where to find Cleveland camper insurance. This is a personal preference for most people, but you should try to figure out what exactly you want out of your agency. If you want to be able to go to the local agency and have your agent ask how your son’s soccer team is doing, then you’ll want to go with a smaller agency such as our locations in Elyria and Avon Lake, Ohio. If, on the other hand, you want to be able to call and reach someone to make a claim at 2 a.m., you might want to consider a larger agency that can afford to have people working 24/7.
What are other people saying about the insurance agency?
This isn’t a question you’d want to ask the insurance agency, but it is a question you’d want to do some google searching for. Are there online reviews for the agency you’re looking into? Do people seem to have had good experiences with this agency? It’s important to think about these things before going with an agency blindly and doing no research when figuring out where to find Cleveland camper insurance.
As always, we’re here to help!
If you’re reading this article thinking, “okay, I have an idea of what I want from an insurance agency, and I want one that is reliable and cares about me as an individual” then you’re in luck! Here at Cobos Insurance, we provide policies based around you and your family’s needs, so if you’re looking for the answer to the question of where to find Cleveland camper insurance, look no further. We will get you connected right away with someone who will be willing to talk through the different coverage options and make sure you are informed about what we have to offer you. Click here to get in contact and start feeling that peace that comes from knowing you’re protected, no matter what life throws at you.
It’s getting warmer outside and the days are getting longer, which means it’s almost prime motorcycle weather, good news for all of our bike owners out there! Before you even think about riding your motorcycle though, you need to make sure all of your insurance coverage is up-to-date and that you have all of the coverage that you need. Today, we’re breaking down the basics of why you should review your motorcycle insurance policy before taking to the road.
Some states require coverage
If you’re one of our Ohio readers, you are legally required to have motorcycle insurance, so keep that in mind before you even think of driving your motorcycle to work tomorrow. It is very important to check with an insurance agent and see whether or not your state requires you to have motorcycle insurance. The fact that most states do require motorcycle insurance is a prime example of why you should review your motorcycle insurance policy before taking to the road. Even if your state doesn’t require it, you should still look into insuring your motorcycle. Even if you choose to go with the most basic coverage, that could end up helping you out a lot if an accident were to happen.
There are different types of policies available
Not every insurance policy is the same and that is important to remember when looking into coverage options. You want to be sure that you understand what each type of coverage is before choosing what coverage you’ll pay for. We’re breaking down a few types of coverage here but it is important to realize that there are additional coverage options available and you should always discuss your options with an agent before choosing which you’d like to go with.
This policy offers you both bodily injury coverage and property damage coverage. This coverage can, for the most part, be summed up by saying that it protects you from having to pay someone’s injury or repair bills if you were to cause an accident. You don’t want to be tens of thousands of dollars in debt, which is why this is on our list of why you should review your motorcycle insurance policy before taking to the road.
Comprehensive and Collision Coverage
Comprehensive coverage basically helps you out with things that don’t involve a collision accident. If your motorcycle were to be stolen, this coverage would be the one that you would want to have in place to help cover the cost of a new one. If anyone vandalizes your motorcycle, comprehensive coverage may also help to cover repairs.
Collision coverage is pretty self-explanatory, but what it does is it helps you out in situations where you collide with another vehicle and damage your motorcycle. In this case, your insurance agency will help you cover repairs/replacements that need to happen.
Uninsured/Underinsured Motorist Coverage
If you are in an accident and the person on the other end of that accident doesn’t have insurance, you could be in trouble. What if you were on a nice evening ride and another motorcycle came around a turn too fast and collided with you? What if the owner of that motorcycle didn’t have coverage? This is just one example of why you should review your motorcycle insurance policy before taking to the road. If you were to find yourself in this position, you could end up having to pay all of your medical, motorcycle, and many other bills on your own. Don’t let this situation happen to you. If you get a good uninsured/underinsured motorist coverage policy in place, you won’t have to worry about this type of situation, because the coverage will help you out with things like your motorcycle damage, medical bills, and even lost wages if your injuries are more extreme.
You want to make sure your policy is up-to-date
If you got a new motorcycle or swapped your old one for something different, you want to make sure that your motorcycle insurance policy reflects that. If you haven’t made your insurance company aware of those changes then your new motorcycle is not covered by your policy and that could really hurt you if you were to get into an accident. Making sure your coverage is up-to-date and accurate is extremely important and is one of the biggest reasons why you should review your motorcycle insurance policy before taking to the road.
The bottom line is…
We say all of these things in this article to say… Insurance is extremely important. While it may not be “necessary” in a few states, it is something that you should really reconsider if you don’t have a motorcycle insurance policy in place. The cost of insurance doesn’t even compare to the cost of medical bills, motorcycle repairs, compensating for lost hours at work, and even more sad realities of motorcycle fatalities. Do yourself a favor and make sure you are covered for when disaster hits, because unfortunately it could happen at some point in your life.
Here at Cobos Insurance we offer many different plans that we can help you talk through in order to choose the best coverage option for you and your family. Click the link here to find out more about our motorcycle insurance policies and how we can help you choose the one that best fits your needs. We hope that this article helped you to better understand why you should review your motorcycle insurance policy before taking to the road and that you’ll do further research and find what works best for you.
Whether you’re here visiting friends or family, here for a short vacation, or you live in Cleveland and just want to find some entertainment options, look no further. We’ve compiled the city’s gems into a short and sweet list of five things in Cleveland that you have to check out this spring. This Ohio city has a lot of hidden gems that will keep your family, or your group of friends, having fun.
Check out the jazz and blues scene
While Cleveland, Ohio is definitely not New Orleans, there are still some great places that feature live jazz and blues music! If live music is your thing, Cleveland is your place, and these are some of the top places you’ll want to check out on our list of five things in Cleveland that you have to check out this spring. Here are a few to try out...
With live shows just about every night, this place has all of the entertainment you could possibly need. Not only are they know for entertainment, but they also have a full menu of food with six dining rooms and three bars. They also have a four-seasons outdoor dining area with moveable walls, which is great for those warmer spring days!
BOP STOP at The Music Settlement
Located on the Near-West side of Cleveland, the BOP STOP is a great place to spend your evening. Not only is it a great time, but the money from your ticket purchase goes to a great cause. With over 250 events hosted per year, you can be sure to find a great show to catch during your time in Cleveland this spring.
The mission of the Cleveland Cultural Gardens is to bring “peace through mutual understanding,” and that is exactly what it does. The gardens depict poets, scientists and more, all of whom have contributed to the cultures of the world. The gardens are located in Rockefeller Park and span about two miles.
West Side Market
Cleveland’s oldest publicly owned market, the Westside Market has over 100 different vendors which feature a lot of different ethnic diversity. From fresh flowers, to baked goods, to fresh meat and veggies, this market really does have it all. Tourists travel from all over to check out this market, and they have even been featured on the Travel Channel and Food Network. It’s no wonder why it made it onto our list of five things in Cleveland that you have to check out this spring. Here are a few of the vendors we’d check out if we were you...
The Cheese Shop
The Cheese Shop offers over 175 kinds of rare and traditional cheeses from all over the world. Yes, that’s right, 175! That’s a lot of cheese, guys. Check it out and bring some cheese home for your night wine night.
Bread and pastries are just two of the treats offered at Theresa’s Bakery. Not only do they have bread, but they actually have over 30 kinds of bread. That’s a lot of bread! Did we mention cannolis? Because they have those too… 17 flavors of them, in fact. Definitely one you’ll want to add to the list of five things in Cleveland that you have to check out this spring.
B.A. Sweetie Candy Company
Not only is B.A. Sweetie Candy Company a candy shop, but they actually specialize in nostalgic and hard-to-find candies. That means that they might just have that candy that you used to eat as a kid but haven’t been able to find anywhere else. Give them a try if you’re looking for something sweet!
Watch an Indians Game
Watching a Cleveland Indians baseball game is one of the classic Cleveland traditions, but something you can’t talk about Cleveland in the spring without. Year after year, Cleveland fans gather at Progressive Field to see the Indians take on opponents game after game, and there’s nothing like it. Do yourself a favor and partake in this, one of the most American pastimes.
The Holden Arboretum
Located about half an hour from downtown, The Holden Arboretum features the Murch Canopy Walk and Kalberer Family Emergent Tower. While this is a little difficult to fully describe, (you have to go to get the full experience) The Murch Canopy Walk is basically a really long walkway that is 65 feet above ground in a forest. The tower goes even higher, hitting a height of 120 feet. This isn’t an experience you get everyday, and this unique little gem of an experience in Cleveland is one of our favorites on the list of five things in Cleveland that you have to check out this spring. You’ll thank us later!
Now get out there and explore the Land!
Now that you’ve read our list of five things in Cleveland that you have to check out this spring, you’re officially ready to go out and explore Cleveland, or as some call it, “The Land.” From live nightlife entertainment to exploring forests at 120 feet, there really is no limit to what you can do in Cleveland, Ohio. Pack up the kids or get your friends together and get ready to have a fun adventure, because there’s an endless amount of adventures awaiting you in Cleveland. Have fun exploring!
Longer days and lighter jackets could only mean one thing… tax return season! It could also mean spring, but hey, we know how excited everyone gets to see that refund come in the mail. Depending on your income, refunds can be pretty large! You’re probably thinking about what you might buy or invest in with those new funds. Maybe you’ll get a new TV or a computer for the family. Maybe you’re even thinking about going on a family vacation to Disney World. What you should consider, though, is protecting your family with life insurance. While your family might not be as happy foregoing Disney World for life insurance, they’ll thank you in the long run once they realize how important and beneficial a life insurance policy can be.
Why You should Forego Other Purchases for Life Insurance
While a brand new TV might sound great and make you happy, it won’t take care of your children after you’re gone. It also won’t cover your funeral costs. A life insurance policy, on the other hand, will do just that. Life insurance is very important, and although taking the family to Hawaii may seem important right now, protecting their financial futures is more important than snorkeling and picture-perfect sunsets, believe it or not.
If you’re reading this article and you are the main provider for your family, then you should definitely prioritize protecting your family with life insurance. From childcare so that your spouse can become the sole provider, to funeral costs, the death of the provider of the family could be catastrophic if there isn’t a life insurance policy in place. The proper life insurance policy will make sure that you have income replacement in place in case of the death of one of the family providers. This can be vital, as you would be going from living comfortably with two incomes, to potentially struggling or at least incurring a lifestyle change by going from two salaries to one.
Another thing to think of, as mentioned before, is the cost of a funeral. If you haven’t looked into funeral costs lately, you definitely should do a quick google search. Long story short, funerals aren’t cheap. The last thing you want to worry about when a loved one passes away is coming up with the money for a funeral when you’re trying to think about how to provide for your children. We get it, and that’s why most life insurance policies will cover funeral costs. This is just another added peace of mind for you and your family. Do your entire family a favor and pass up Mickey Mouse for protecting your family with life insurance.
Memories last forever… but so could your debt
One very important thing to consider when thinking about protecting your family with life insurance is that your debt, if not taken care of, will be passed on to your family when you, yourself, pass on. This means that the house, your boat, your new vacation home… any of that debt will be passed on to be taken care of by your family. The last thing you want a grieving family to have to worry about is taking on the debt of a loved one. If you don’t want your family to carry the burden of your debt, then you should call us today to learn more about protecting your family with life insurance. We will walk you through the details of a life insurance policy and make sure that you are getting the coverage that will best fit you and your family.
Another reason to consider, if personal debt passing down isn’t enough, is that business debt also passes down when you pass away. This means that your company’s debt could come back around to your spouse or children to take care of. The new start-up that you began last year… all of that debt could be passed on to your wife and children. Do everyone a favor and make sure you have a proper life insurance policy in order today, even if that means you have to keep watching movies on a smaller screen for family movie night.
It’s extra money…
When you really think about it, you survived all year without this extra money that you’ll be getting for your tax return. You most likely didn’t really miss the money all year when they were taking it out. This check that you’re getting now is basically extra money when you think about it. Why not use that extra money to do something that benefits your entire family? We can also help you find a plan that fits in your family’s budget, so there's no need to worry!
We’re on your side and here to help
In the end it is important to remember that peace of mind is something that you really can’t put a price tag on. That’s why we place so much emphasis on having the proper life insurance policies in place. We truly believe that peace of mind is important, and protecting yourself and your family from debts, stress, and anything else that may come up is so important to us here at Cobos Insurance. We want you to live your best life, and we want you to do that by making sure you’re insured and protecting your family with life insurance! Click here to learn more about how we can help you find the perfect life insurance policy for you and your family.
It might still be freezing cold in Cleveland, but the sun has come out a few times and the birds are starting to chirp, which could only mean one thing… Spring is finally coming!
Spring, for many people, represents a fresh new start. Whether it's getting outside and going on a run, or finally tackling that project you’ve been putting off, the sunshine and the fact that there are flowers sprouting up seems to motivate people. With all of that being said, everyone knows that spring cleaning is one of the most popular “springtime motivation” activities that so many people partake in. “Out with the old and in with the new” seems to become everyone’s mantra for a few months every spring.
We’re here to give you some quick tips on how you can not only get your home clean this spring, but keep it clean throughout the year. Keep reading to hear our tips to help keep your Cleveland home in great shape!
Out with the old…
You would be surprised at how many things people have in their homes that they do not use, and have not used in years, in some cases. One of the main causes of a messy home is clutter and that is why getting rid of things is the first and most important thing on our list of tips to help keep your Cleveland home in great shape. That shirt you haven’t worn in a year? Donate it. The jeans you haven’t been able to fit into for two years but keep telling yourself you’ll wear once you start going to the gym more? Donate those and you can buy a new pair as a treat for yourself once you hit your fitness goals.
Go through the old paperwork piling up in your office and throw away what you don’t need. You’d be surprised how much you can accumulate throughout the year. The main idea is, you can’t have a clean home if it is always filled with things you don’t even need. Donate and throw things away so that you can move on to the next step: using all of that new space you now have to organize and store the things you ended up keeping. Don’t just do this once a year either, try to make it a habit to go through your clothes every few months and get rid of what you don’t need. You’ll thank us later.
Head to an organization store and get yourself some storage
Stores like Ikea and The Container Store have everything you need to keep your house tidy. From small bins to shelves for your garage, they will be able to help you find the perfect storage for all of your things. Maybe you need new pantry shelves to keep everything organized, or maybe you need a bookshelf to hold all of your books. Regardless of what you need, it’s important that you make sure that everything has a place in your house so that things aren’t just sitting out everywhere. Storage is key when talking about tips to help keep your Cleveland home in great shape.
You don’t have to tackle it alone
Something you might consider is hiring someone to help you out. Even if you don’t think you can afford a housekeeper, there are always high school and college students looking to make a few extra bucks that would definitely be willing to help you out in exchange for a little bit of money. Having someone else there with you to tackle the mess will not only cut the time in half, but it will also make you feel more motivated and capable knowing that you don’t have to do it alone.
Make it a family affair
If you have kids, you probably understand what we mean when we say this, but isn’t it funny how you can clean your children’s rooms every day and they still seem to be messy again each night? One tips to help keep your Cleveland home in great shape is to make spring cleaning a family affair. If the kids are involved in the hard work of cleaning the entire house, they’ll be less likely to mess up the work that they put in. Show the entire family how much work actually goes into making things look nice and their pride of having cleaned the whole house just might affect whether or not they throw their dirty clothes in the hamper at night.
Another important thing to keep in mind
As always, we don’t want you to think about just making your house look good, but also making sure it is protected. One thing is certain, you wouldn’t spend hours or an entire day cleaning out a house that you didn’t care about. You obviously care, and that’s why you’re reading our tips to help keep your Cleveland home in great shape article and preparing to clean your house! We have home insurance plans available that will protect your home and all of your valuables in your home. Our goal is that when you go to sleep in your newly washed sheets, you’ll also have a new peace of mind that comes from knowing your home is protected, and no matter what you may face, Cobos Insurance has your back. Click here to contact us today regarding your Ohio home insurance needs.
From the time you were a little kid, you probably dreamed of owning a home on the lake. Jet skis, fishing, boat rides, and late night bonfires… A lake home could turn all of these things into regular weekend activities! The older you got, the more you realized that your own kids would love to experience these things too. You’ve been saving, dreaming, and saving some more and you finally have built up enough extra funds for your lake home! That was the most important step, but now what? Before thinking of what type of boat to buy or what size TV to put in the living room, consider how you’re going to protect that lake home that you worked so hard for. We’re here to break it down for you and help you learn how to find the best lake home insurance in Ohio.
What’s it going to cost?
First of all, you’ll want to make sure that your lake home and all of the contents inside of your lake home are protected under whatever insurance policy you decide to purchase. Those beautiful floor-to-ceiling windows won’t do much good if they’re broken in a storm, just like your beautiful hardwood floors won’t look very beautiful if your lake home experiences flooding. You want to make sure you protect the home that you invested your time and money into.
Insurance for lake homes can sometimes be more expensive than a typical insurance policy for multiple reasons. Because you most likely are using your lake home as a seasonal property that you visit but do not permanently live in, this means that more damages may occur and not be reported as quickly, because of the fact that you might not be aware of them until the next time you visit your property. Lake properties are also sometimes more secluded than your average home, which means that things like theft and vandalism could happen more easily with no one around watching. If your home is right on the lake, it can be more susceptible to flooding and the damages that come along with flooding, which is yet another aspect that adds to an increased price in insurance for your lake home. These are all very important factors to consider when you begin to look into how to find the best lake home insurance for your new purchase.
Prices will range depending on which insurance company you go with. You want to make sure you’re getting the best deal and not paying a huge amount of money for insurance, especially if you could be paying a lot less at another insurance agency. Along with that, some agents are more familiar with lake home policies than others. You want an agent that knows what you need in terms of coverage and can get you that specific coverage that you need. You also want someone who knows how to properly handle situations and issues with your lake home. The main idea is that you want to make sure you’re in good hands.
Go with what you know and trust
While it is important to shop around and get the best pricing and coverage, you also want to make sure that the agency or agent that you go with is trustworthy. Think about adding your lake home insurance coverage on with your current insurance policy, after you have shopped around, of course. You want to be able to trust your agent with your lake home, especially because lake homes are not cheap. Another step that you could take to ensure that the agency that you go with is trustworthy could be to ask around and see what coverage other lake homeowners at your lake have. Asking around will give you real and honest testimonies about different agents or agencies and this can be extremely helpful when you begin to consider how to find the best lake home insurance.
Don’t forget the boat!
It’s important that you are fully aware of what your policy covers. We say this because some people don’t realize that their policy doesn’t cover things like boats and ATV’s. Many people that own lake homes also have additional “toys” and it’s important to make sure that those are covered as well. You don’t want to get into a boating accident and have the repairs be so expensive that you aren’t able to have a boat for the rest of the summer. Make sure you protect the things that bring you, your family, and your friends so much joy.
Let us help you out today
If you’re reading this article thinking, “I DO want a trustworthy agency that knows what they’re doing and can guide me through insuring my lake home,” then you’re in luck! Here at Cobos Insurance, we care about each of our clients, and we work hard to make sure that they are happy with every aspect of their policy. We also want to make sure that our clients know what their coverage includes and are knowledgeable about the type of policy that they choose. Click here to learn more about how we can help you along your lake home insurance journey.
Now you’re on your way!
There you have it folks… you now know more about how to find the best lake home insurance. It’s important that you do further research and talk to a trusted agent today, but we’re glad we could get you started and give you a basic understanding of how to find the best lake home insurance! Contact us today with any other questions you may have regarding insurance in Ohio!
Making the decision to move out of your apartment or home that you’re renting or currently own to go and build a home is a big decision. It’s also a big step that you should be very proud of. You’ve worked hard for your dream home and now you’re finally about to see your dream come to life. Congrats!
You’re probably thinking about what couch you’ll buy and what color you’ll paint the walls. While these things are great to think about, you should make sure that you’re also thinking of another very important thing to keep in mind when building a brand new house… Cleveland home insurance!
We’re going to lay out some of the basics on how to best insure your Cleveland home. Wherever your home may be, in Cleveland or anywhere else, we want to help you figure out what coverage you need to best insure your newly built home.
Figuring out how much coverage you need
How much would it cost to rebuild your home? You’re putting a lot of time, money, and effort into building this new home. If something were to happen to it, we would certainly hope that you had the proper coverage in place. For this reason, it is so important to think about rebuilding costs when considering how to best insure your Cleveland home. A fire or a flood are just two examples of things that could be absolutely devastating to your home. Think about all of the repairs that would need to be made, potential construction that may be necessary in order to rebuild, and items inside that would need replaced. You’ll want to make sure that you have coverage for all of this, and the first step is to get in touch with your insurance agency and figure out exactly how much coverage you will need.
Know what a standard homeowner’s insurance policy covers and add what you need
This does just what it sounds like it does… it protects the contents in your home. If a fire were to destroy your home, you not only would need to build a new home, but you would also need to replace all of your furniture, electronics, etc. This is very important to talk to your insurance agent about when considering how to best insure your Cleveland home. They will be able to help you take inventory of what you have and decide on the best way to cover these items.
This protection provides coverage for the structure of your home. Your policy limit will determine the amount of money that you are covered for, so that would be something that is very important for you to ask your insurance agent about when looking into how to best insure your Cleveland home. All in all, you definitely want at least the structure of your house to be covered in the case of a fire, a flood, a hailstorm, etc.
This covers injuries that may occur while other people are on your property. You definitely don’t want to be held liable for anyone’s injuries, as you could end up paying large amounts of money if this were to happen. Standard homeowner’s policies include this protection because of how important it is in protecting you from unnecessary stress and bills. Be sure to check with the insurance agent that you talk to and see if this is included in the policy that they are trying to sell you. You’ll want to make sure of this when you’re figuring out how to best insure your Cleveland home.
Add on what you need…
While those are a few examples of what comes with a typical homeowner’s insurance policy you are also able to add additional coverage options at a cost. It is important to realize that every insurance company is unique and operates differently, so you should definitely talk the policy through with an insurance agent before purchasing any coverage.
Make sure you go with a reputable insurance company
It is very important that the insurance company you are buying your policy from is reputable. You want to make sure that you are in good hands so that when disaster strikes, whatever that may mean for your house, you will be prepared and have everything taken care of for you in a timely and stress-free manner. After all, you are paying for this coverage, so it makes sense that you would want great customer service from a company that you can trust.
Now you’re ready to go purchase your new homeowner’s insurance policy
Now that you have some more knowledge of how to best insure your Cleveland home, it’s time to go out there and choose your policy! We hope that by breaking down what a typical homeowners insurance policy covers, why you need it, and what to look for in an agency, we’ve given you some basic knowledge that you’ll be able to grow by talking with your insurance agent. The more you know, the better position you’ll be in to choose the best policy and agency for you and your family.
We’re here to help
Here at Cobos Insurance, we are dedicated to providing our customers with the best of the best. We care about each individual customer, and would love to chat with you today about any of your insurance questions or needs. Click the link here to get connected with an agent and learn how we can help today!
As we all know, having the right insurance policy in place is very important. Not only does it give you a peace of mind, but it also protects you from a lot of problems that could arise, were you to get into a car accident, have property damage, have someone injured on your company’s property… the list really does go on and on, which is why it is vital to make sure that you have the proper coverage in place before these things happen.
We don’t want you in over your head in debt and lawsuits without anyone to help you out, and we’re sure that you don’t want that either. With all of this being said, it is also important to realize the different options that you have, not only in the coverage that you choose, but in the insurance agent/agency that you decide to work with. There are two different types, captive and independent insurance agents, and we’re breaking them down for you so that you can better understand which will be the best fit for you personally. Keep reading to find out which vital things you need to consider when choosing between a captive agent and an independent agent.
What’s the difference?
Before you even begin choosing between a captive agent and an independent agent, it’s important to know what these terms mean.
A Captive Agent is an insurance agent that works with one insurance company. They work for that company and that company alone. This can sometimes limit your options, as you’ll read more about below. Although captive agents can only offer you one company’s coverage, they do have an in-depth knowledge of this company and can give you a lot of information on the coverage offered.
An Independent Agent/Agency is not tied to one particular insurance company and can therefore offer you different types of coverage from different insurance companies. This will typically give you access to the best rates, as you can choose between multiple policies.
The choices that you will have as a customer is one of the most important things that you should think of when choosing between a captive agent and an independent agent. One of the biggest differences between an independent insurance agent and a captive insurance agent is the fact that an independent agent can offer you more choices when it comes to your insurance coverage. If you’re looking to get the best bang for your buck, having the ability to shop around will be huge. If this is the case for you, you’ll want to go with an independent agent or agency versus going with a captive agent so that you can choose the lowest priced option/ the best deal. If having choices is important to you, it is very important to realize which agent/agency can give this to you.
Knowledge should definitely be a factor that you consider when choosing between a captive agent and an independent agent. If one of your top priorities is the knowledge that your agent has about a specific type of coverage, this may lead you towards a captive agent. Captive agents can only offer you insurance policies from the company that they work for, which means that they only work with that company. This can be a pro and a con.
It can be a pro because the fact that they only work with the one company means that they tend to know a lot about that company. They probably have a very in-depth knowledge of how the company operates and what is and isn’t included in their coverage. This is great for those who are not very insurance-savvy. One con, though, is that by only working with this one company, captive agents only know about their coverage and since that coverage is all that they’re able to offer, you won’t necessarily be told of other options that could be a better fit for you and your family. The agent probably won’t try to tell you about a policy that they’re not able to sell you, even though it could end up being a better option.
But what it really comes down to is this…
In the end, it is all about what works best for you and what you are wanting from both your agent and your policy. Knowing what captive agents and independent agents are by definition is the first step in choosing between a captive agent and an independent agent, but after that it is all personal preference. Whether you want someone who can give you in-depth information about one plan and have a “one-and-done” insurance shopping experience, or you want to be able to choose your plan, saving you money and giving you an endless amount of options.
So now it’s time to take the next step
Now that you’re all set to get out there and get started choosing between a captive agent and an independent agent, we want to tell you a little bit about how we can help! Here at Cobos Insurance, we offer you many different options, giving you the lowest prices available while also informing you about the coverage options so that you are able to find your personal best fit out of numerous policy options. We know that for most people, the freedom to choose their own policy is huge, and we support that by offering as many options as we are able to offer. Our insurance agents will walk with you through the entire process, guiding you along. Call or email us today to get in touch! The sooner you get your policy all set up, the sooner you’ll have that peace of mind that comes from knowing you’re in good hands.
Contact us today!