Insuring A Timeshare Residence

Posted on August 6, 2019July 26, 2019 by Brad Smith

Who ‘s responsible for insuring your Timeshare?

As a lucky owner of a timeshare arrangement, you may have a special coverage need. While insurance is readily available for individually owned seasonal or secondary residences, buildings, vacant land, or personal property; a timeshare arrangement may not be handled by standard homeowner coverage forms. Coverage gaps may exist because typical timeshare arrangements involve:

real property with multiple owners
living units that are often furnished with personal property that may be jointly or severally owned
living units which are occupied by several individuals or families who have control of all of the property during their time of occupancy
special agreements or stipulations that govern the property’s use.

Here are some steps to prepare for a discussion of your coverage situation:

Do you need timeshare insurance? It depends, the following should leave you with a better understanding. — Do you need insurance for a Timeshare?

1. Collect all of your timeshare-related paperwork, especially the contract that describes your ownership interest and obligations in the timeshare property.

2. Be open to securing more than one policy to cover the jointly owned property, any personal property that’s located at the residence, the joint liability exposure and any special assessments or liability assumptions agreed to under any contract.

3. Be reasonable about coordinating coverage needs among the timeshare’s other owners. Doing so will help make certain that all needs as met at the time coverage is initially purchased and later, should coverage circumstances change.

4. Be flexible. Proper coverage may have to be provided by a specially modified personal insurance contract or even some form of commercial coverage may be necessary.

Since coverage needs can vary substantially from one arrangement to the next. It is important that you discuss your current coverage needs with a qualified agent. Don’t leave the meeting with any unanswered questions. Ask that any points be fully explained to you in order to make sure that you’re protected adequately and affordably.

All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without written consent of Insurance Publishing Plus, Inc.

Domestic or Personal Service Workers

Posted on August 5, 2019July 26, 2019 by Brad Smith

Insuring personal service workers:
Gardener — Personal Gardener

It’s quite likely that you face many demands…a job, family, hobbies, volunteer work, children’s school, and recreational obligations. Those items don’t cover chores, such as the lawn and garden, house cleaning, repairs and on and on. Like many of your peers, you might find that you just don’t have the time to get all of it done. Also, like many of your friends and neighbors, you may be “outsourcing” some of your responsibilities. Increasingly, people are hiring others to either assist or to take over duties such as:

child-rearing
gardening
decorating
housecleaning
laundry
grocery shopping
personal errands
child-transport
minor home repairs
lawn maintenance
meal preparation
exercise

While such help used to fall under the auspices of butlers, maids, and nannies, today, individual specialists are providing similar services on either a part-time or full-time basis.

Personal Services and Personal Liability

There is no need for concern for some businesses. Lawn care, limo services, as well as a few other personal service provides have their own insurance. — Many service providers have insurance

When personal services are provided by employees of a commercial business, such as a limousine service, laundry service or a lawn care company, there’s generally no need to worry about being held liable for injury to another person or for damage to their property.

Example: The Burlies never had time to take care of their lawn. As their grass grew thinner and the weeds spread, Mr. Burlie decided to sign-up for the “Green Thumb” package from Lucy’s Lawn Services. One afternoon, a Lucky Lawn specialist arrived at the Burlie’s home, unraveled a hose and began to spray weed killer. A few minutes later, Stevie, who lived several homes away from the Burlies, came rushing by on his skates. Stevie didn’t see the hose until it tangled his wheels and sent him headlong onto the cement sidewalk. In this instance, Lucky’s Lawn Services would be responsible for the injuries.

However, as individuals are hired by Joe and Jane America to perform personal services, the responsibility for injuring other people or damaging the property of others may begin to fall upon Joe and Jane. In these cases, will Joe and Jane have any help in paying for damages or injuries?

Homeowners Insurance to the Rescue

Looking for insurance to protect you from claims related to personal service providers. Check your homeowner's insurance first,. You may already have it. — Homeowner’s Insurance

A person who employs the services of another may be held legally liable should the “employee” cause an accident. Can the average person who is guilty of nothing more than trying to make their lives a little less hectic depend upon their homeowner’s insurance for protection? Well, coverage depends upon the details surrounding an event. Generally, a homeowners policy will exclude coverage for losses that are related to the covered person’s (insured’s) business or when other coverage, such as workers compensation or disability insurance, should apply to the loss.

If you use a handyman you should request a certificate of insurance. — Handyman

Example: Molly Kelp really likes her neighbors’ son, Peter, who is home from college. Molly knows that Peter is struggling for money to keep attending school, so she occasionally hires him to do jobs around her home and yard. One day, she asks him to trim the branches of a tree that is in the front of her home. The branches are low enough to disturb traffic in the street. Peter jumps down from the ladder he’s using for the job at the same time that a car is passing by. The ladder tips over and crumples car’s hood as well as smashes out the windshield. The driver slams on his brakes and is severely cut-up in the process. In this case, Molly’s homeowner policy may apply to the damage and injury caused by Peter. Why? Because the work was strictly related to maintenance of Molly’s residence and premises. If Peter caused an accident while carrying a ladder to paint Molly’s law office which is housed in a converted bedroom of Molly’s home, the loss would be excluded from her policy.

Do Your “Homework” On Personal Services

If you’re not sure about what happens when a person you hire causes a loss, you need to do your homework. Discuss the details with an insurance professional and bring a copy of your insurance policy. Between the two of you, you should be able to make sure that your needs are covered.

Lesser Known Benefits of Renters’ Insurance

Posted on July 31, 2019July 31, 2019 by admin

Most people know that renters insurance covers damage to your belongings in a rented house. For example, if the home catches on fire, the insurance policy pays to replace items that are damaged or destroyed. But there are many other benefits associated with renters insurance that you may not be aware of. Here at TruePoint Insurance, serving the Fisherville, KY area, we want you to know all that renters’ insurance can offer you. Here are three of the lesser-known benefits of renters insurance.

Pays Living Expenses After a Disaster

One of the benefits of renters’ insurance is that it pays for any extra living expenses you may incur following a disaster. If your rental home floods, you may be unable to live there until it is cleaned up. Renters’ insurance will pay the difference between your rent and the cost of other living arrangements, such as a hotel.

Covers Certain Legal Expenses From Being Sued

If someone is injured while visiting the condo, home, apartment or townhome you are renting, they may try to sue you. One of the lesser-known benefits associated with renters’ insurance is that the insurance will cover your legal expenses in these types of lawsuits.

May Cover Damage You Accidentally Cause

The final benefit associated with renters’ insurance is that the policy may cover some types of accidental damage you cause to the rental property. Perhaps you accidentally start a small kitchen fire while cooking or hit the garage door while pulling into the driveway. Renters insurance covers the damage, protecting you against the homeowner coming after you for the money.

Are you ready to purchase a renters’ insurance policy in Fisherville, KY? Here at TruePoint Insurance, we would love to help you. Call us today for a no-obligation quote.

Insuring A Mobile or Manufactured Home

Posted on July 29, 2019July 26, 2019 by Brad Smith

Mobile or Manufactured? Knowing what type home you have is critical. — Insuring Mobile and Manufactured homes
can be a challenge.

Insurers commonly provide coverage for mobile/manufactured homes by modifying a conventional homeowner policy with provisions called endorsements. The endorsements change key definitions and other elements of a conventional policy to fit a mobile or manufactured home situation. The result is a modified homeowner package that protects the home, outbuildings (unattached garages, sheds, etc.) and personal property. They also provide insurance for personal liability. Regardless of the type of home you own or live in, it is important that you learn about the coverage options that are available. You may find that different policies vary considerably in coverage and price.

Coverage for mobile/manufactured homes is generally offered using two approaches. Some policies include a laundry list of items (or perils) that may cause a loss. Other policies protect your home against everything EXCEPT for a host of specified perils. Either approach includes liability coverage that protects you for injuries or losses to others which you accidentally cause.

Property Insurance Needs

Any coverage option you choose is likely to reflect the fact that mobile homes are, well, mobile. Therefore coverage is affected by the fact that mobile homes:

are able to move under their own power (or are capable of being easily transported);
are more susceptible to wind damage,
tend to lose value with age.

The easy of mobility creates unique challenges when insuring these homes. — Can your house be insured
at multiple locations?

The mobility of such homes creates a special need to protect the financial interest of the business that lent the money to purchase the home. For example, a mobile homeowner who lives in Ohio decides to drive his home to Arkansas. The soon-to-be Arkansas resident “forgets” to mention his plan (and his new address) to his Ohio Mortgage Company. The Ohio lender would be out of luck if the policy didn’t include protection for this whimsical act. Another way in which mobile or manufactured homeowner policy differs from conventional homeowner coverage involves coverage for unattached buildings. This coverage is usually minimal for, say, $2,000. Such a provision helps keep the premiums for policies lower by avoiding paying claims on very low-value structures. The coverage is likely to be offered on an actual cash value basis. Unfortunately, mobile and manufactured homes tend to lose value over time.

The policy is likely to include a provision that requires you to get permission to move your home. Once granted, you’re likely to get thirty days of special transportation protection for collision; sinking, upset or stranding (a special, a higher deductible may apply during the move). Another common coverage feature is coverage for your attempt to move the home in order to prevent damage from an insured cause of loss. For example, you move your mobile home fifty feet to get away from a neighboring trailer that is on fire. IMPORTANT: coverage for moving endangered property usually has a modest limit (several hundred dollars is typical) because of owners who may be too heroic or clumsy for anyone’s good.

Liability Insurance Needs

The liability protection connected with mobile or manufactured homes is, for all practical purposes, identical to the liability provided to conventional homeowners. Why? The likelihood of guests to be hurt at your home, or your probability of being sued, tends to be the same. The important thing to remember is that your agent is a tremendous source for getting the information you need to be sure that your home and property are adequately protected at a reasonable price.

The “Other” DUI

Posted on July 26, 2019July 26, 2019 by Brad Smith

Driving under the influence of drugs or alcohol is a crime that will cost dearly. — Drinking and Driving, everyone losses

DUI! What does that term conjure up? Do you think of:

A person staggering out of a bar, car keys in hand and stumbling toward a car?
Some woman, standing alongside a police car while an officer watches her attempt to touch her nose?
A sober friend arguing with a drunken companion to surrender his or her keys?
A patrol officer sidling up to a car with sickly sweet smoke rolling out of a car as an obviously “high” driver lowers a car window?

Impaired driving is serious, but in many states simply driving with an open container is a crime. — DUI or DWI, the results are the same

Whether the term used is DUI or DWI, the assumption is usually that a driver is unable to safely operate a car because of alcohol or illegal drug use. Another assumption is that such drivers are fairly easy to identify. Unfortunately, there is another type of impaired driving that causes serious problems for everyone….Driving Under the Influence of prescribed drugs.

The proper use of prescription drugs is a good thing. However, the problem is that prescription drug users overlook an important consideration. Besides using the right dosage and the correct intervals of use; instructions often include another item that is ignored – avoiding driving after the legal use of medicine.

Driving impaired by prescription drugs has serious legal consequences. Drives may be subjected to the same laws that govern DUI or DWI. — Impaired by Prescription Drugs?
Don’t Drive!

Prescription drug labels include a warning not to operate vehicles or machinery when using the applicable drug. The warning is necessary because many medicines cause drowsiness, sleepiness or decreased awareness or reaction time. Naturally, being behind the wheel of a vehicle under such circumstances is dangerous to the driver, any passengers, other drivers, and pedestrians.

Drivers who are impaired by prescription drugs are subject to the same serious legal consequences as persons caught driving while drunk or under the influence of illegal substances. However, they’re not as easily identified or caught. Being drunk or high is typically accompanied by obvious signs, such as slurred speech or impaired movement. The influence of prescription drugs is not as obvious; even though the level of impairment is similar. Drivers influenced by prescription drugs often lack the judgment and response levels necessary to safely drive on public roads.

Operating a vehicle while legally drugged does not have the stigma of the influence of either alcohol or illegal drugs; yet it has the same, potentially lethal consequences. It is dangerous and irresponsible to endanger ourselves and others by driving a vehicle under less than ideal conditions……and doing so after taking powerful, prescription drugs are the antithesis of what is ideal. So take drugs as needed and as instructed and that includes following any orders to stay away from driving!

Farms And Incidental Business

Posted on July 22, 2019July 17, 2019 by Brad Smith

Incidental farm businesses may include but are not limited to daycare, petting zoos, horse rides, gift shops, produces stands, repair shops and more.

Other than agribusiness ventures, farms are unusual because smaller operations tend to face a mixed bag of loss exposures. Some exposures are common to businesses while others are exposures that are often faced by homeowners. This hybrid combination of exposures is due to the fact that smaller farms are usually run by families that also live on the farm premises. However, often only some of the family members are devoted full-time to their own farm’s operation.

As has always been the case, securing significant, steady income and profits from farming is very difficult. Therefore, the farm family may choose to supplement its main farm activity by operating other projects on their premises. Some may be related to their farming such as:

· Running a petting zoo area with some of the farm’s livestock

· Offering horse rides

· Operating a gift shop or produce stand

· Performing canning operations for other parties’ produce

· Operating a repair shop for small farm equipment

A farm may also involve other, non-farm projects, such as:

· Operating a daycare service

· Fee-assisted aid to other farmers on applying for grants and loans

· Operating a small accounting service

· Hosting a subscription newsletter service

· Operating a pottery studio in a converted farm barn

In most instances, the farm owner may be able to arrange for additional coverage to be added to the farm policy in order to handle losses connected to the given business operation. Typically, a precise description of the business such as: “Johnson Family Produce Cleaning and Canning Operation” is necessary. For an additional charge to the policy, the farm owner can be protected against loss to property that is used in the described business, such as a fire in a separate, converted barn that houses an accounting service run by the farmer’s spouse. It may also offer liability coverage. Consider the following:

Example: Sara “Granny” Smith owns a large apple orchard. She used to make cider and fruit juice manufacturing company. Since she still owns the building and equipment she used to make her own product, Sara begins a small operation (called “Granny’s Pressings”) to process the apples grown by several neighboring apple farmers. This “side juice from her own crop but she now has an agreement to sell all her apples to the region’s largest business” brings in about $7,000 a year, compared to the nearly $76,000 she takes in from selling her apple crop to the juice manufacturer. Sara’s cousin and insurance agent tell her that she won’t be covered for any damages resulting from “Granny’s Pressings” unless she adds additional coverage for this side-business. He convinces Sara by pointing out claim situations such as:

· a neighbor who slips on apple remnants while carrying a bushel of apples onto Sara’s property to be pressed into cider;

· child from a nearby town who becomes ill after drinking cider pressed at Granny’s that were contaminated with oil used to lubricate the manufacturing machinery;

· Sara packages a truckload of cider for a neighbor but the neighbor is unable to sell it to any stores because the inferior plastic bottles developed hairline cracks.

If you happen to run a farm that also contains other business activities, it’s important that you discuss the situation with your agent and find the best option for covering the additional source of loss.

COPYRIGHT: Insurance Publishing Plus, Inc. 2017

All rights reserved. Production or distribution,
whether in whole or in part, in any form of media or language; and no matter
what country, state or territory, is expressly forbidden without written
consent of Insurance Publishing Plus, Inc.

Farm and Ranch Coverage

Posted on July 17, 2019July 17, 2019 by Brad Smith

Unique farm risk require specialized insurance policies. Complicating things even further is that many farmers have have a very limited number of insurance options.

Farms and ranches differ from other business operations since, at least with small to medium operations, the owner both conducts his business and lives with his entire family on the same premises. Therefore, a farm or ranch has a combination of commercial and personal loss exposures that must be properly insured.

One coverage method might be to use commercial policies to handle the business needs and personal (auto, home, recreational vehicle, etc.) policies to tackle the personal needs. However, such a combination of policies would be awkward and expensive. Further, the method would allow a large number of coverage gaps and overlaps. A much better approach would be to use a product that satisfies all potential coverage needs in a single policy.

The differences among various farm and ranch operations certainly complicate the task of finding proper coverage. Successful farmers and ranchers tend to be specialists, yet are flexible in order to run efficient operations. Fortunately, farms and ranches have a number of elements that are common to all operations, so products have been developed for this challenging market.

One standard farm program uses a cafeteria approach to offer coverage. The owner of a farm or ranch operation may choose to have only Farm Property and Farm Inland Marine Forms to address the property coverages, but use the Commercial General Liability Forms for the liability coverage exposures. They may choose to use the Farm Umbrella or a Commercial Umbrella with a Farm Endorsement. A Homeowners policy may be used on the dwelling but a Farm property coverage form on everything else.

Options are an important feature of a good farm program. The following, basic coverages are widely available:

The Farm Property Policy – covers farm-related buildings (residence, barns, sheds, silos, etc.)
The Farm Inland Marine Policy – covers farm-related machinery and equipment
The Farm Liability Policy – protects against damage or injury caused by farming/ranching activities
The Farm Umbrella Policy – provides a higher level of liability protection
The Farm Combination Policy– offers a way to bundle stand-alone farm/ranch coverages into a single package

The more flexibility offered by a program, the greater the chance that an insurance professional can assist a farmer or rancher with developing an effective insurance plan.

All rights reserved. Production or distribution, whether in whole
or in part, in any form of media or language; and no matter what country, state
or territory, is expressly forbidden without written consent of Insurance
Publishing Plus, Inc

Social Media Liability-Part 2

Posted on July 15, 2019July 1, 2019 by Brad Smith

Just because it’s new doesn’t mean you aren’t exposed

See part 1 which discusses the meaning of social media liability.

Social media liability claims can be complicated and expensive since they may involve historical postings. In these instances, defense costs may include electronic discovery or subpoenaing information from any applicable social networking sites. Expenses could expand if a party filing a lawsuit demands information beyond a post to one particular site to include posts made on all the social networking sites where a defendant holds an account.

Depending on the nature of the claim, the insured may be faced with multiple lawsuits in multiple jurisdictions including outside the United States. Defense costs may reflect extensive jurisdictional and venue disputes that have to be handled (and paid for) even before determining if that claim is eligible for coverage.

Another issue is the problem of handling intentional (deliberate) acts. They are routinely excluded by most insurance policies. An insurance company may choose to deny either legally defending and/or responding to a lawsuit because, in its opinion, the policyholder had full knowledge that published information was false or that an act was an invasion of privacy.

Social media liability is not a common term so insurance policies generally refer to the traditional terms of “personal and advertising injury” and extending this traditional coverage to social media and the Internet. Social media makes it easier to libel, slander or invade a person’s privacy.

Off-the-cuff comments that used to be made at the water cooler or in the privacy of one’s home are now published nationwide or internationally. The result? Damages sought by a claim can be more substantial because there are more people aware of the comments as compared to traditional situation.

You must be aware of the legal potential in using social media and the claims that can result if defamatory comments are made about family members, friends, exes, etc. There is no immunity from lawsuits simply because such comments are commonly posted on sites such as Facebook or Twitter.

Considering what is at stake, especially for businesses, umbrella coverage is definitely recommended as an additional source of protection. Umbrella coverage is also recommended for prolific social media users and bloggers. Although avoiding high-risk behavior is a simpler and more effective way to eliminate problems, it is unlikely that individuals will avoid social media or blogging altogether. A more realistic expectation may be that a person may inadvertently engage in behavior that creates a claim. Individuals should evaluate the risk potential and realize that coverage for social media liability may become a necessary part of everyday life, similar to auto insurance or home insurance.

Social Media Liability-Part 1

Posted on July 12, 2019July 1, 2019 by Brad Smith

Social Media Liability-Part 1

Your chances of suffering a loss is increasingly affected by your use of the Internet and, particularly, social media. Increasing your awareness of social media liability loss exposures may help you to minimize or avoid them.

Using Social Media Alters Your Risk Profile

Social Media Liability refers to claims for libel, slander, harassment, invasions of privacy, violations of intellectual property rights, and even improper employment practices resulting from the use of social media sites, including Facebook, InstaGram, Twitter, YouTube, blogs, etc. Some coverage exists for business as well as for personal exposures to such losses.

Most business insurance policies include personal and advertising injury coverage that provides some protection for libel, slander, and derogatory remarks as well as invasion of privacy. Some homeowners and renters policies also provide personal and advertising injury. Standard business forms may contain language that provides limited coverage because they refer to material published on the Internet or to electronic communications. Coverage may also exist because protection for suits involving libel and slander may make reference to defending against and, if needed, covering claims due to incidents of publishing or broadcasting information in any manner.

Individuals who blog or who maintain watchdog Web sites (consumer sites that monitor specific companies or products), may be susceptible to claims of defamation or invasion of privacy. Casual users of social network sites may inadvertently post comments about a current or former lover that are defamatory, especially after a divorce or messy breakup.

Businesses’ networking-related exposures are typically related to business activities. Businesses may, for example, misattribute the ownership of a Web site to a lower level employee in order to shield the business. That employee may sue for false invasion of privacy, especially if the Web site contains sordid or proprietary material. Business managers may also announce firings or disclose personal information about their employees that may create lawsuits. Personal networking-related exposures run the gamut of claims, including accusing individuals of crimes, infidelity, failure to pay child support, disclosure of personal or financial information, posting of pictures or videos in compromising positions, etc.

See Social Media – Part 2 for more information on claims and protection.

COPYRIGHT: Insurance Publishing Plus, Inc. 2015

All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language; and no matter what country, state or territory, is expressly forbidden without the written consent of Insurance Publishing Plus, Inc.

Earthquake Insurance, Sinkhole Insurance & More

Posted on July 8, 2019July 1, 2019 by Brad Smith

Do you live in an earthquake zone? Do you have earthquake insurance? If you don't know, call TruePoint at (502) 410-5089 — US Earthquake Zones

Words and their usage impact our daily lives. As a kid, my mother would on a regular basis reminding me to watch my P’s and Q’s. This was not a suggestion to be on my best behavior. It was a threat that even the slightest slip in my manners would have severe repercussions. What and how we say things have been an issue for generations. But a solid case exists that communication is more important now that ever before. While the thought may seem hysterical at first, let in sink in for a moment. Most would agree that America has become precariously litigious. For years our actions have exposed us to constant risk. Today our words are placing us at jeopardy. As a result, it has become critical for Americans to develop greater awareness.
What is earthquake insurance?.

Standard insurance doesn't cover loss due to earthquakes. Earthquake Insurance is add by endorsement. — Earthquake Damage

Earthquake – a term used to reference the movement of two tectonic plates along a fault line. The tectonic plates move past each other at a slow pace building up stress along the way. This continues until finally the plates slip releasing enormous amounts of seismic energy. This energy then results in a violent shaking of the ground. This is also referred to as an earthquake. Earthquakes can be the result of both tectonic action or volcanic.
The word Earthquake seems simple enough. But it isn’t. Your insurance policy most likely excludes loss caused by the movement of earth. How does that impact me? Ground that shifts, sinks, expands, contracts, or rises may create serious issues. That includes earthquakes, sinkholes, mudslides, landslides, and more. How serious? Your insurance company “Will Not Pay, Serious”! You can avoid this crisis by simply having the proper endorsements. But be cautious. You can purchase an earthquake endorsement. But what will it cover? Losses due to an earthquake! Nothing else. Related risk such as mudslides, sinkholes, and others are not covered. Failure to understand how this impacts your insurance may result in serious coverage issues. Failure to understand may result in no coverage.

Movement of earth is not covered by standard insurance. That includes earthquakes, sinkholes and several more items. — Sinkholes are covered by standard insurance policy

Will your insurance pay in the event of an earthquake? Does a Homeowners policy or a Commercial Property policy protect against earthquakes? Earthquake coverage is not offered by a standard insurance policy. But, for most, earthquake coverage is available. It can be in the form of an earthquake endorsement. If asked to waive your right to earthquake coverage, we suggest that you ask the agent for a quote. It may not be as expensive as you think.
Most of us are insured by the Special Form, also known as All Risks Coverage. Earthquake protection is excluded by the Covered Causes of Loss Form. The exclusion reads so that damages that are a result of EARTH MOVEMENT are excluded. Inquire about the cost of an earthquake endorsement. With the in hand, you can now decide if you want to transfer the risk. In the process don’t forget the other risk associated with earth movement. The earthquake endorsement doesn’t cover these. We advise customers to consider each of the risks and if appropriate, evaluate the risk/reward.

What about hidden damages? Are minor damages covered? They are, but deductibles may be more than the loss. — Check your Deductibles for Earthquake. They will be higher than you are used too.

ance varies from one insurance company to the next. If you make a comparison for companies, you will find earthquake policies vary. If you have multiple homes in various states you should review individual policies. We advise this as earthquake endorsements issued by the same company may vary from one state to another.
Earthquake deductibles should be considered. Don’t be surprised to see a 10 to 20% deductible. These are pretty much par for the course. Any higher and it is probably worth your time to shop around.
As noted earlier, earthquakes represent only a small portion of the exposures related to the movement of earth. Because we live in the Ohio Valley, we can shorten the list. While anything is possible, most would agree that some of the risks aren’t as threatening as others. The risk that should be considered by most in our area:

Erosion,
Failure to suitably compact building sites,
Sinkholes
Deficiencies pertaining to site selection
Earthquakes
and Landslides

Add in mud-flows, mudslides, and volcanoes and we have a reasonable understanding of the movement of earth risk. Kentucky homeowners and business owners need to consider these and several other forces.
Standard policies may leave serious gaps. Property coverages leave most structures exposed the movement of earth. Don’t assume that your only option is to self-insure. Ask TruePoint. By asking the simple question, “how can I eliminate more exposures related to the movement of earth?” You will likely find that in some cases, options exist. Becoming increasingly more available is sinkhole insurance. Broader coverage in the form of earth movement riders may also be an enhanced risk transfer option.
If you would like to learn more about eliminating insurance gaps related to the movement of earth, reach out to a TruePoint Insurance Agent. We can be reached at (502) 410-5089.

About TruePoint Insurance | Pooler, GA

TruePoint Insurance

HOW CAN WE HELP YOU?