When you own a home and purchase homeowners insurance, your policy will cover damage to the home and it will also protect your family if anyone is injured on your property or if you or your family happen to accidentally injure or damage other people or their property. But what if you decide to rent out your home, or perhaps you have purchased a rental property as an investment? Will your homeowner’s policy cover these two situations? Chances are your policy will not cover all of these situations.

Homeowners insurance typically covers owner-occupied structures, other structures, all your personal property, your personal liability and medical. When you rent out a home, the risk exposure to your home changes. Most owners who rent out their home will have minimal personal property left in the home, usually general appliances such as kitchen appliances, maybe a washer and dryer. Minimal furnishings mean minimal coverage needed. Therefore, coverage on your homeowner policy will offer more then what you may want to carry when you rent your home.

When you rent out your property, you will need to purchase a dwelling protection insurance policy. This form is often referred to as a fire policy, although it covers much more than fire. A dwelling protection insurance policy typically covers your rental unit (the dwelling), and may cover other structures on the property such as sheds, or the garage; the owner’s possessions (but not the tenant’s possessions), and lost rental income if the house is damaged and uninhabitable. Liability protection for the owner in case of injury or a lawsuit may be added to this policy. Your main interest as a landlord would be to ensure that you are covering your home and liability as the owner of the property.

When purchasing a dwelling fire insurance policy, it is important to read all the fine print, as coverage will vary. To get more information about a dwelling fire insurance policy and other insurance coverage, please call PoliSeek at 866-540-7335 or request information at PoliSeek.com.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.

More and more people are trying to save money by purchasing a “fixer upper” house, and doing the work themselves. This is a great way to save some money and know that the job will get done to your satisfaction.

Something that may not be on the mind of those fixing up their homes is lowering the rates on their homeowners insurance. There are many things that you can do to your home that can save you some money on your homeowners insurance. Here are a few:

Improve home security – Making sure you have smoke detectors, dead-bolt locks and a burglar alarm can save you some money. Installing a more sophisticated system can significantly reduce you insurance cost.

Make your home disaster resistant – Adding storm shutters, reinforcing your roof or modernizing your heating and cooling equipment can also help shave dollars off of your premium.

For more ways to save on your homeowners insurance, please contact a PoliSeek Representative or visit PoliSeek.com.

Taking long rides on a motorcycle is one thing that draws people to own and ride these machines. While motorcycles allow you the freedom that some automobiles don’t, there are a few drawbacks. Unlike an automobile, you are limited in the amount of spare parts and items you can take with you on a long ride. Motorcycles don’t offer a place to keep a spare tire or other important parts in the event of a breakdown. If you do break down and need to be towed, it can cost you money that you didn’t intend to spend.

Towing insurance is a great protection that you may be able to add to your current motorcycle insurance policy and will aid you in the event a tow is needed. Such coverage, when added to your policy may cover you for up to 100 miles of towing. In most cases this can get you to a shop to have the repairs made to your bike. Not having this type of insurance can leave you stuck paying the entire cost. A 10 mile tow can be as much as $50 or more depending on the towing company. Having a motorcycle towing coverage can be much less expensive and will give you peace of mind.

To have a custom quote for motorcycle insurance motorcycle towing, please contact one of our qualified insurance representatives at PoliSeek.com.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.