Month: January 2017

Why Home Insurance Might Go Up

Posted on by AgentInsure

When you live in West Hartford, CT, it’s important to know what goes into your home insurance premiums. The last thing you want to do is spend more than what’s necessary. Unfortunately, premiums do go up from time to time. However, our goal at ALLConnecticut Insurance is to help keep premiums affordable throughout the year.

Changes to the Home

Throughout the time you live in your home, you may make changes periodically. For example, you may decide to add in in-ground pool. While this provides value to your home, it also as potential liability, which means that it may cost you more on your home insurance policy. The same goes for anything else that will add value for potential liability, such as a shed, detached garage, or various other structures.

Changes in Regulations

The Connecticut Insurance Department is in charge of regulating all of the insurance that takes place throughout the state. This includes identifying what can be charged to consumers as well as the laws and regulations that insurance companies have to operate within. Occasionally, there are regulations that could cause home insurance to go up, which means that it would go up across the board, regardless of which company you work with.

Claims

Unfortunately, things happen throughout life. There may be a storm, a break-in, a fire, or something else that would require you to file a home insurance claim in West Hartford, CT. When this happens, it may be inevitable that the insurance company raises your rates. This is because they now need to make up for the claim and will charge you more financially. As for how much your premium will go up, it is typically dependent upon how much the company had to pay out for your last claim.

Learn more about home insurance and how to keep premiums affordable by contacting an independent insurance agent at ALLConnecticut Insurance today.

 

 

The Importance of Notifying Your Insurance Company Immediately After Your Car is Stolen

Posted on by AgentInsure

If your car is missing, the first thing you will want to do is file a police report. Once you have made this report, you will want to notify your insurance company that your car is stolen. However, if you have never been in this situation before, you may wonder why it is so important to notify your insurance company right away. After all, it may seem like a hassle, especially if your car turns up a couple days later. Here are a couple of the reasons why it is important to notify your auto insurance company as soon as possible in regards to a missing car.

You May Be On the Hook for Damages if You Don’t Notify Your Insurance Company

If your car has been stolen, it is important to notify your insurance company right away, or you may be liable for the damage the thief does in your car. Notifying the insurance company won’t prevent the thief from causing damage, but it can help you prove that you didn’t authorize your car to be taken, and thus, you should not be held responsible.

You Start the Process for Recouping Money From Your Stolen Car

The other reason to notify your insurance company right away if your car was stolen is because this starts the clock for recouping money for a stolen car. Most companies have a waiting period that you have to wait out until they will pay for a stolen car. Unfortunately, this period may start from the time you notify the insurance company, not the time that the car was stolen. As such, it’s important to notify your company right away to start this clock.

If you have questions about auto insurance and stolen cars, or want to make sure you are fully covered in case your car is stolen in the greater West Hartford, CT area, contact AllConnecticut Insurance.