Month: August 2017

What is Home Depreciation?

Posted on by AgentInsure

When you purchase a home, you know the value of it at that time but did you know that your home can depreciate in value? Home depreciation is what this is called and it happens over time. According to ALLConnecticut Insurance, this is an important component in getting the right insurance quote and ensuring you are not paying too much for your policy in West Hartford, CT.

How Does Depreciation Occur?

Over time, the value of your home will lessen. This happens when things break in your home, things become older, and more. It has less to do with the economy than many might think but that does not mean it does not play a role. If you do not repair or replace things that break, then the value of the home overall will lessen but even as thing age, your home value will go down. There is not much you can do about that unless you make repairs and renovations inside your home.

How to Determine Value

It is difficult to determine any depreciation or the new value of your home unless you have someone come out and take a look at it. However, you do not want to have someone come out to determine value if you are doing so just to lower your insurance premium because you could get yourself in a hole with repair value. You should have an assessor or appraiser from your insurance company come out so they can make sure you get the right amount of coverage based on value. 

Now that you understand how important home depreciation is, you can have an assessor come out to your property to take a look. For more information about home depreciation or to schedule an assessor, be sure to reach out to ALLConnecticut Insurance serving West Hartford, CT.

3 Overlooked Reasons to Purchase Auto Insurance

Posted on by AgentInsure

No matter where you live in the country, is you’re a motorist, odds are, you have some sort of car insurance coverage. However, outside of being mandated, many of us fail to see the numerous benefits of purchasing an auto insurance policy. That said, the following is a closer look at three of the most often overlooked benefits of purchasing an auto insurance policy. 

Save Time

Until you’re involved in an accident, it is easy to forget how time consuming such an ordeal can be. However, by purchasing a high-quality auto insurance policy, worrying about rentals, finding car shops, contacting the other person’s insurance company, and many other tasks, will be a thing of the past. Auto insurance allows you to get on with your life as quickly as possible. 

Health Insurance Supplementation

Moreover, with the present state of healthcare in America, being under insured is a concern of many. However, in the event that you are injured behind the wheel, your auto insurance may cover health care costs caused by the accident. It all depends on the package you choose.

Lawsuit Protection

Lastly, although most do not consider how costly lawsuits can be until they are faced with one, purchasing an auto insurance policy is an excellent way to ensure you are not blind sighted with a costly lawsuit. On the flip side, being involved in an accident without proper insurance could cost you thousands or even millions of dollars and could even land you in jail. 

Overall, for those living in West Hartford, CT, ALLConnecticut Insurance is here to serve you. Offering competitive rates, friendly customer service, customized packages, and much more, contact us here at ALLConnecticut Insurance and find out why we’re one of the best kept secrets in West Hartford, CT.