Regular homeowner’s policies do not typically cover losses due to flooding. Flood insurance is a specialized type of insurance that addresses this issue. It covers losses from many kinds of flooding. Rising rivers, lakes, streams and creeks all damage homes and businesses. So does melting snow, heavy rain, prolonged rain, and breached levees. Flooding is […]
Understanding Pennsylvania Flood Insurance
How to Protect Your High Value Pennsylvania Home
If you have a high value Pennsylvania home, worth more than $750,000, you need more than standard homeowner insurance. The coverage levels offered by typical homeowner policies are insufficient to protect valuable belongings or unique architectural features. For this reason, the insurance market has custom-crafted policies to protect the homes and assets of high-income homeowners. […]
What You Need To Know About Water Back Up Coverage
When it comes to your homeowner’s insurance policy, you should never assume coverage is there when things go wrong — like backed-up sewers, for example. A sewage backup can cause thousands of dollars in damage to floors, walls, electrical systems, and furniture. Not to mention the terrible smell and clean-up process. While you may think […]
My Home has Knob and Tube Wiring, Can I Get Homeowners Insurance?
While knob and tube wiring were all the buzz back in the day, just as with most things we have found better ways. Especially electrical systems. Not only are most knob and tube systems majorly outdated, they stopped putting them in homes in the 1940’s. By design, they are far more dangerous than today’s electrical […]
Underground Service Line Coverage For Homeowners
Homeowners constantly receive offers in their mail with promotions explaining opportunities to acquire protection plans for exterior pipes or utility lines. However, most of these customers are unsure if they’re in need of this additional protection. They may believe this is something they already have coverage with under their existing homeowner’s insurance policy. However, this […]
7 Things Philadelphia PA Residents Should Know Before Buying Home Insurance
That feeling of signing your name away on that piece of paper will be like no other thing you experience. Purchasing a home is one of the most significant steps you will take in your life. If you have recently purchased, or are planning to buy, a house in the Philadelphia, PA area there […]
What in the World Is a Tort?
What in the World Is a Tort? In the world of Pennsylvania auto insurance, there are so many terms that can be hard to understand to someone who doesn’t deal with it every day. Bodily injury, property damage, collision, and comprehensive. What do all these things mean and how do they impact your policy? […]
Will my credit rating change my insurance rates?
I was recently asked this question by one of our Main Line Risk Management clients, and thought I would share the answer here for our readers. There are a lot of things that go into homeowners and auto insurance rates, one of them being credit. I’ve heard a lot of complaints from people who don’t […]
Why Do My Auto Insurance Rates Keep Going Up Even Though My Car Keeps Getting Older?
Why do my auto insurance rates keep going up even though my car is getting older? At Main Line Risk Management, many of our clients ask this question so I would like to address it from a couple of angles. First things first, even though it’s called car/auto insurance, it covers more than just your […]
