5 Things to Know About Homeowner’s Insurance

Homeowners insurance is one of those things we all have, but no one ever really thinks about it until we have a problem.

The insurance companies are counting on you doing exactly that: not thinking about it or looking at it closely until you need to file a claim. Then, whatever is not in that contract becomes something they can use to deny your claim. 

Those contracts are written by lawyers. The job of those lawyers is to make the company as much money as possible. The way to do that is pay out as little as possible. Nonetheless, the law requires that they detail everything they will cover – and everything they won’t.

Here are five things you should know about your homeowners’ insurance to keep your home protected and your family safe.

1. Your homeowner’s insurance policy doesn’t cover everything

Your homeowners’ insurance policy is a contract between you and your insurance company. In exchange for your premium payments, the insurance company agrees to pay for certain types of damage to your home. However, it’s important to remember that your policy has limits and exclusions. For example, most policies will not cover damage caused by floods or earthquakes. In addition, many policies have limits on the amount they will pay for certain types of items, such as jewelry or art. As a result, it’s important to understand what is and is not covered by your policy before you file a claim. Otherwise, you could be left with costly repairs that are not covered by your insurance.

2. You need to read your policy carefully and understand what is and isn’t covered

When you purchase an insurance policy, it is important to take the time to read the fine print and make sure that you understand what is and isn’t covered. Otherwise, you could find yourself in a situation where you are not properly protected. For example, many policies exclude certain types of damage, such as flood damage or damage caused by earthquakes. In addition, most policies have a deductible that must be met before coverage kicks in. As a result, it is essential that you know exactly what your policy covers before you need to make a claim. If you have any questions, be sure to ask your insurance agent for clarification. By taking the time to understand your policy, you can help ensure that you are properly protected in the event of an accident or disaster.

3. You can increase your coverage for a small additional fee

For many people, the thought of insurance is unappealing. It can seem like a waste of money to pay for something that you may never need. However, the peace of mind that comes with knowing you are protected in the event of an accident or illness is priceless. And, with today’s affordable insurance plans, there is no excuse not to be covered. For example, you can now increase your coverage for a small additional fee. This way, you can have peace of mind knowing that you and your family are taken care of financially in the event of an unexpected emergency. Contact your insurance agent today to learn more about how you can get the coverage you need at a price you can afford.

4. Your home’s value affects your premiums – make sure to update your policy if you make any major renovations or additions

We all want our homes to be our castles – a safe haven from the outside world. But did you know that your home’s value also affects your insurance premiums? That’s right – if you make any major renovations or additions to your home, it’s important to update your policy accordingly. Otherwise, you could find yourself underinsured in the event of a loss. Fortunately, updating your policy is easy – simply contact your agent and let them know what changes you’ve made. Then, they’ll be able to give you an accurate quote that reflects the current value of your home. So don’t wait – if you’ve made any changes to your property, make sure to update your insurance policy today.

5. Review your policy every year to ensure you’re getting the best coverage for the best price

Reviewing your insurance policy on an annual basis is a good way to make sure you are getting the best coverage for the best price. There are a few things you can do to make sure you are getting the most out of your review. First, take some time to familiarize yourself with your policy. What does it cover? What does it exclude? How much does it cost? Reviewing your policy will help you identify any areas where you may need more or less coverage. Second, compare your policy to other policies on the market. Are there other policies that offer more coverage for a better price? If so, switch! Third, ask your insurance agent or broker any questions you may have about your policy. They should be able to help you understand your coverage and make any necessary changes. By reviewing your insurance policy annually, you can be sure you are getting the best possible coverage for the best possible price.

Homeowners insurance is an important part of protecting your home, but it’s not a one-size-fits-all solution. Make sure you understand what your policy covers and doesn’t cover so that you can make the best decision for your needs. You can always increase your coverage if you find that you need more protection than what your base policy offers. And finally, remember to review your policy every year to ensure that you’re getting the best possible coverage for the best price.

Have you had a problem with a denied claim because there was a loophole in your insurance policy?

Contact us for your questions!

Seven Tips for Filing a Property Insurance Claim

So you’ve had some property damage. Maybe it was a hurricane that affected thousands of people. Maybe it was just your leaking toilet. Either filing a property insurance claim is a process. The key to getting what you really deserve from the insurance company is to follow the process and make sure you have the right team on your side.

Here’s a brief guide to filing your claim in 7 steps:

1. Document the Damage

The first step in filing a claim for property damage is to document the damage. This can be done by taking photos or videos of the damaged property, or by keeping a detailed list of the damages. It is important to be as specific as possible when documenting the damage, as this will determine the compensation you are eligible to receive.

2. Contact Your Insurance Company

Once you have documented the damage, you will need to contact your insurance company and notify them of the situation. Be sure to have your policy number and any other relevant information handy when you call, as this will help the insurance company process your claim more quickly.

3. Submit a Claim Form

After you have notified your insurance company of the damage, you will need to submit a claim form. This form will ask for basic information about the incident, such as when and where it occurred, as well as details about the damage. Once you have completed the form, be sure to keep a copy for your records.

4. Include Supporting Documentation

Besides the completed claim form, you will also need to include supporting documentation with your claim. This may include photos or videos of the damage, repair estimates, or receipts for any repairs that have already been made. Including this documentation will help to ensure that your claim is processed quickly and efficiently.

Part of that supporting documentation should be an estimate made by Xactaquote. Since we’re not contractors, we will not write a low bid just to win the work (knowing we have you over a barrel if there’s something else that needs to be done). The insurance company will always take the lowest bid. Make sure you give them a correct bid to pay your claim from.

5. Keep Track of All Correspondence

It is important to keep track of all correspondence between you and your insurance company during the claims process. This includes any letters, emails, or phone calls made regarding your claim. Keeping track of this correspondence will help you stay organized and ensure that you do not miss any important deadlines.

6. Cooperate With The Insurance Company’s Investigation

Once your claim has been submitted, the insurance company will likely investigate the incident. As part of this investigation, they may request additional documentation or information from you. It is important that you cooperate with their investigation and provide any requested information in a timely manner.

7. Negotiate a Settlement With The Insurance Company

Once the insurance company has completed their investigation, they will make a settlement offer based on their findings. If you feel their offer is fair, you can accept it and receive compensation for the damages incurred. However, if you feel their offer is too low, you can negotiate with them to reach a higher amount.

Part of negotiating a settlement is meeting in the middle, but be sure you’re starting from the right place with your quote. If you’re starting out missing things, it’s only going to make it harder to get back to good later.


User-Friendly Interface

The Xactimate software is designed to make the process of estimating insurance claims for your company easier and more accurate than ever before. The program can be used by any type of adjuster, so you no longer have a shortage on hand when it comes time to file those pesky paperwork documents! You’ll even find that there’s not much else needed in order complete tasks like sending out valuation assignments or creating estimates because this all happens seamlessly through one system with ease thanks to also very user-friendly interface.

Xactimate offers an easy and intuitive way to file your property insurance claims on the go with a 3D View tool that enables you not only to rotate, zoom in, or out of structures viewed for claiming purposes but also to change colors at will. You can use it while traveling as well! The app allows users iOS devices (iPad) & Android gadgets such as Nexus 4 phone from Google incubating one large tablet PC made by Samsung called Galaxy Tab 8+.
In addition, both versions work seamlessly together so there’s no need to worry about manual updates – every activity is automatically updated within seconds after finishing


Xactimate is the preferred software of property adjusting professionals.
The design allows for documentation and estimation of damages to help process claims quickly, easily calculate costs associated with repairing or replacing damaged items in a safe manner as well as generate sketches necessary when documenting damages on site which helps both insureds whose properties have been surveyed by an adjuster during restoration work while also protecting against false statements made about facts surrounding covered events if they weren’t present at time(ies).

Conclusion paragraph

That wraps up our introduction to Xactimate software. We hope you found this post helpful. If you have any questions, please don’t hesitate to reach out to us. Thanks for reading!