There are a lot of apartment complexes and even individual landlords that require renters insurance in Cincinnati, OH. It is designed to protect you and your belongings. When you sign the lease, you might even be required to show proof of your insurance policy. Understanding why you’re being required to have a policy will make it easier for you to spend the money.

Property Insurance Doesn’t Cover You

Many people make the assumption that the property in Cincinnati, OH has its own insurance. While this is true, it covers the building. It does not cover any of your personal belongings. As such, it’s important that you have a renter’s insurance policy under your name. Agents at Advantage Insurance Network can assist you with finding affordable insurance.

Anything Can Happen

All sorts of things can happen when you’re renting a home. The apartment above you could flood, sending water down on your furniture. The unit next to you could have a fire and spread into your home. You might even encounter a theft. If anything of yours is stolen or damaged, you have the ability to file a claim with the insurance company.

The level of coverage will vary by insurance company and what you choose. When you have more expensive items, you might need a higher level of coverage than what is typically offered. It’s important to identify how much you need. Some places will even set a minimum level based upon what they have seen needed in the past.

By requiring renters insurance, places take care of you. They identify that they are not responsible and they make sure that you have the coverage on your own. When you call Advantage Insurance Network, one of our agents can help you find the right policy to meet your needs.

If you decide to buy a condo instead of renting an apartment or buying a house, you will need to consider condo insurance. Condo insurance is a safety net to protect you and your new property. The Cincinnati, OH agents at Advantage Insurance Network are here to offer you support in your search for the appropriate amount of condo insurance.

Why Condo Insurance

In Ohio, the condos have homeowners associations that maintain insurance for their property. Because you own the unit and not the property, their insurance usually does not cover you. If there were a fire to the exterior of the building, the association would be able to repair the damage with their coverage. If your property inside becomes damaged, you may not be covered.

What You Get from Condo Insurance

Having a condo means you’ll need insurance, just as you would if you owned a house.

• Personal Liability – if there’s an accident inside of your home, you may be liable for their injuries. You could have to pay the cost of medical bills, equipment, and lawyers’ fees if their injuries are a result of your negligence.
• Personal Property – if your property is stolen, vandalized, or destroyed, the only way to recover the cost is to have insurance. For example, your condo is burglarized, but you don’t have condo insurance. You would have to replace all of those items out of your own pocket.
• Building Property – associations may cover the cost of the exterior of your unit, but they don’t generally cover the cost of walls that hold fixtures and built-in bookcases. Condo insurance can help with that.

Buying a condo is a great way to start your life. Make sure to keep your home protected by contacting the agents at Advantage Insurance Network in Cincinnati, OH.

While a standard home owner’s insurance policy covers the structure and its contents against numerous hazards, a dwelling fire insurance policy covers against a much more narrow set of hazards. It costs less than a home owner’s policy and it’s customizable nature lets you pick what is covered.

What Dwelling Fire Insurance Covers
Don’t let its name mislead you. Depending on the insurer, a dwelling fire policy may cover: 

• fire damage
• smoke-related damage
• explosions
• wind damage
• vandalism

The policy lists only the specific hazards covered. You can choose to cover only the structure or its contents, too. You can customize a dwelling fire policy to cover exactly what you need, including liability. 

Who Benefits from a Dwelling Fire Policy?
Many home owners don’t need a full home owner’s policy. Dwelling fire insurance makes the ideal choice for the following:

• Landlords who need to insure the building, but not its contents.
• Property owners whose home is under construction or renovation.
• Owners of a second home or a vacation home.
• Home owners of properties with a very low cash value like mobile homes or manufactured homes.
• Home owners of historic properties whose structural features make a homeowner’s policy cost prohibitive.
• Owners of significantly older structures in disrepair.

Visit Advantage Insurance Network of Cincinnati, OH to discuss whether a dwelling fire insurance policy works for you. Your Advantage agent can help you design a policy that exactly fits your needs. Remember that only a flood insurance policy covers flood, so if your home resides in a flood zone that requires coverage, you’ll need a separate flood policy. Let us help you design the perfect dwelling fire policy for you.

Motorcycle accidents can be catastrophic. Even a small bump from a car can cause a motorcyclist to lose control of their bike and fall off. This can cause a lot of bodily damage. As such, you may be unable to work for weeks or months if you were injured in a motorcycle accident. Advantage Insurance Network, serving the greater Cincinnati, OH area, is often asked if motorcycle insurance will cover lost wages if you are unable to work because of a motorcycle accident. Here is the answer to this question.

If you are unable to work because you were involved in a motorcycle accident, your motorcycle accident coverage will typically cover your lost wages as long as a doctor states that you are unable to work for this period of time. Additionally, the lost wages fall under bodily injury. This means that you have to have enough coverage under your policy for these wages to be covered if you are at fault. For example, if your policy only covers $50,000 in bodily injury and your hospital bills amount to this amount, there will be nothing left over for your lost wages. If you were not at fault for the accident, the other driver’s insurance should kick in and help you, up to their maximum. You may also be able to sue them if you go over what their insurance covers.

As a general rule of thumb, lost wages are covered if a doctor states you are unable to work after a motorcycle accident. However, there needs to be enough coverage to cover this expense. Advantage Insurance Network, serving the greater Cincinnati, OH area can ensure you have enough coverage for catastrophic events. Call us today and let us put together the right motorcycle insurance policy for you.

A home inventory can be extremely useful when it comes to making an insurance claim. Having complete documentation of all your valuables makes it easier to make an accurate claim if your property sustains damage or loss due to an event covered by your insurance policy. Making a home inventory enables you to keep better track of your goods and their value. Here are a few reasons why this information is to your advantage.

Ensures Proper Insurance Coverage

Through a home inventory, you gain a better perspective of the value of your personal goods. This makes it easier to select the insurance coverage to protect your interests. After reviewing your home inventory, your Advantage Insurance Network agent in Cincinnati, OH can provide you with insurance options suitable for your situation. Having adequate insurance coverage ensures your goods are well protected against any eventuality.

Facilitates Insurance Claims

A written or digital home inventory provides documented proof of ownership of personal goods covered under your insurance policy. If your goods suffer damage or loss, you can refer to your home inventory to make a claim. Your inventory should include a list of personal effects, date of purchase, receipts (if any), a detailed description of each item and photos of costly goods such as antiques, heirlooms, jewelry, etc. Having this information on hand can help you avoid delays in making a claim. It also serves to verify the value of the item you lost so you can receive its replacement cost under your insurance coverage.

A home inventory is a valuable tool that homeowners can use to their advantage. With a home inventory, there’s less chance of forgetting to claim valuable items lost or damaged in a flood, fire, or other catastrophes. For greater insight into making and maintaining a home inventory, contact Advantage Insurance Network, Cincinnati, OH.

While no one wants something to happen to their home, we all know that things occur. That’s why many homeowners get an insurance policy to cover that risk. Home repairs can get expensive, and the damage can result in higher costs than you might be able to afford. However, a home insurance policy won’t cover everything, so you need to be aware of any possible exclusions.

Possible Coverage Limitations

Home insurance is broken down into four different parts:

•    Dwelling
•    Other Structures
•    Personal Property
•    Loss of Use

While they will cover most of the possible occurrences, there may be some limitations on the following items:

•    Computers, laptops, and other business equipment.
•    Antique furniture and art.
•    Theft of jewelry, watches, precious stones, and furs.
•    Theft of fine silverware and china.
•    Theft of guns.
•    Theft of sports cards and other collectible items.
•    Theft of hand tools.

There may be other items for which there may be coverage limitations, so be sure to reach out to the Advantage Insurance Network in Cincinnati, OH. We have agents who will gladly help you, so feel free to contact our office today!

What May Not be Covered

While there are several items that may have limitations in coverage, there are some things that won’t be covered under a home insurance policy. Some of these may include:

•    Earthquakes
•    Landslides
•    Vandalism
•    Damage caused by neglect
•    Damage caused by normal wear and tear

If you want to know more about what a home insurance policy won’t cover, the Advantage Insurance Network has a team of agents that can answer any questions you may have. If you live in Cincinnati, OH, be sure to get in touch with us today!