Seattle Homeowner’s Insurance Explained

Many people believe that they have little or no control over their homeowner’s insurance.  Often, people think that premiums are determined by some “secret formula.”  It is true that every company has rates for their homeowner’s premiums, but there are many factors that help make up your homeowner’s premiums.

Factors that help determine your Seattle homeowner’s premiums

•          Location
•          Age of home
•          Age of roof
•          The replacement cost
•          Distance to fire station

Get the best possible homeowner’s premiums

•         Install deadbolt locks.
•          Increase your deductible.
•          Some insurers offer occupational discounts for teachers, police, firefighters, government employees, etc.
•          Install a central station security system.
•          Your agent can help you evaluate the different policies and companies so you can make the choice this is right for you.
•          Ask for other discounts offered by your insurer.
•          Make sure your replacement cost is up to date.
•          Do you have replacement cost (RC) or actual cash value (ACV) coverage?  We recommend replacement cost.
•          Do you need loss of use coverage? Most homeowners and renters do.

Contact an insurance specialist at DeFranco Insurance today to answer any questions about Homeowner’s Insurance or for a free review and insurance quote for Homeowner’s Insurance.

Some products and services may not be available in your area.
Please contact us for more information.

March Madness - DeFranco Insurance Style

A Seattle Insurance Review

March is over and we spent the whole month watching 64 college basketball teams play to the final four, then on to the championship game.  Congratulations to North Carolina! The entire thing reminded us of some insurance madness.  There are some issues that can affect your Seattle business insurance and personal insurance programs, so we want to share with you our “Insurance Madness Final Four.”

Insurance Madness Final Four

1.       Always use an independent agent. Independent agents will search the market for the best possible insurance designed for your family or business.  Independent agents do not work for an insurance company; they represent you and look out after your interests first.

2.       Never buy insurance online. When you buy insurance online you never know if you are getting the best combination of coverage, price, and service.  However, you do find out when you have an uninsured claim.

3.       Always consider deductible options.  A simple way to save money is to consider increasing your deductible on your auto insurance, home insurance, or even your business insurance.

4.       Many people do not consider these coverage’s but they should.

a.       Identity theft is the fastest growing crime in the United States.  Every homeowner should consider identity theft coverage.

b.       A personal umbrella can offer additional protection for those who own a home or have personal assets worth protecting.

c.       Your business might be at risk if you do not have cyber liability or employment practices liability.

All these coverage’s are easy to add to your business insurance program.

Founded in 1953 by Louis F DeFranco in the Seward Park area of Seattle, we are licensed to write insurance in WA, ID, OR, CA, UT and AZ. As an Independent Agent and part of The Advantage Group, LLC. We have access to multiple preferred companies.

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