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When you decide you want to buy your first home, homeowners insurance may not be the first thing you think about. However, most mortgage lenders require you to have homeowners insurance before they will approve your loan. There are a few things you should know about homeowners insurance.

Certain losses are excluded from most homeowners insurance policies. Standard homeowners insurance policies don’t cover floods or earthquakes. If you want coverage for flood or earthquake damage, you will need separate policies for those. If you are in a flood zone, your mortgage lender may require you to purchase flood insurance.

We all know that our credit score is important for many things. Did you know it can also affect your homeowners insurance premium? Some states have banned this practice; however, in most cases your credit score can affect your insurance premium. The better your credit rating, the lower your premium. So while you’re spiffing up your credit rating to get a good deal on your mortgage loan, you should maintain a good rating to save money on your homeowners insurance.

Poor home maintenance may cause a claim to be denied. Not all damages are covered by homeowners insurance. If the damage that occurred to your home is due to your failure to properly maintain your home, your claim may be denied. When it comes to home maintenance, don’t be a procrastinator!

While you are living in your new home, you will acquire new valuables, personal possessions, and may do some home improvements. You should always report these to us right away so we can ensure your coverage is sufficient for your investment. Enjoy your new home, you deserve it!

Source: https://www.hsh.com/first-time-homebuyer/facts-about-home-insurance.html

Smart technology and devices continue to revolutionize how we live. Most people want to stay up to date on the latest trends and technologies. It is estimated that there will be over 73 million smart homes by 2021. So if you want to be one of these trend setters, you will want to read this list of how you can start to make your home a smart home!

  1. The first, and most important, step to making your home a smart home is to get a smart home digital assistant. The two most popular home assistants are Amazon Echo (with Alexa) and Google Home. You can purchase either one of these at www.bestbuy.com 
  2. Adding smart light bulbs is another great way to make your home smarter. Using your smart home digital assistant you can control all the smart lights in your home via voice control or by the push of a button. You can also have different settings for the lighting in each room, and turn lights on and off when you’re not home!
  3. Installing a smart thermostat is a great way to automate the temperature throughout your home and can even save you money on your electric bill! Some smart thermostats can learn your favorite temperatures and even sense when people aren’t home to regulate the temperature.
  4. Replacing your regular doorbell with a smart doorbell is another step to making your home smarter and safer. Smart doorbells come with HD cameras so you can see who is at your door via your mobile device. You can also communicate through your smart doorbell if you need to.
  5. If you hate running the vacuum, you will definitely want a smart vacuum. High quality smart vacuums come with great sensors that allow them to navigate throughout your home and clean autonomously! Some also come with Wi-Fi connectivity so it allows you to control it via your smartphone.

Source: https://thesmarthomer.com/how-to-make-your-home-a-smart-home/

You don’t have to live in a flood-prone area to encounter flooding in your home. This can happen at any time to anyone! Flooding can be caused by more than just natural disasters. If you own a home, you need flood insurance. There are two different types of flood insurance: the National Flood Insurance Program and private flood insurance. The area you live in will determine which type of flood insurance is best for you. 

The National Flood Insurance Program is a flood insurance that is offered through FEMA. If you are located in one of the 21,000 communities that participate in this program, you should be eligible for both types of coverage offered by the National Flood Insurance Program. The two types are building property coverage and personal property coverage. Building property coverage is “replacement cost value” coverage. This means that building property coverage covers the cost to repair or replace your home up to $250,000. Personal property coverage replaces up to $100,000 of items in your home. 

The other type of flood insurance is private flood insurance. Private flood insurance premiums vary based on the insurance companies that offer it. Speak with your insurance agent regarding cost and coverage plans. 

You may qualify for both the National Flood Insurance Program and private flood insurance. Depending on the value of your home and contents in it, you might be better off getting both to protect yourself in the event of a flood. 

Flood Facts: 

  • Just one inch of water can cause more than $20,000 in damage. 
  • It takes just six inches of fast-moving water to sweep an adult off their feet and 12 inches of water to sweep a car away. 
  • Flash floods typically carry water between 10 and 20 feet high. 
  • If you live in a 100-year flood plain, your home has a 1% chance of flooding each year. 
  • Moving water at 10 mph carries the same pressure as wind blowing at 270 mph. 
  • If your home is in a flood plain and you have a federally backed mortgage, you are required by law to carry flood insurance.

Source: https://www.daveramsey.com/blog/need-flood-insurance

🌷Spring is here!  🌸  After a long dark and cold winter, the bright sun and warm winds of the spring are a breath of fresh air! The only downside? All that sunlight helps you see your leaf-filled gutters, cracked sidewalks, and dead plants in the flower beds. Get your home in shape for spring with this checklist!

1. Examine Roof Shingles: Examine the roof to see if any shingles were lost or damaged under the winter snow and ice.

2. Check the Gutters: Loose or leaky gutters can cause improper drainage, which can lead to water in your basement or crawlspace during the spring rain.

3. Inspect the Concrete: Inspect concrete slabs for signs of cracks or movement. Fill cracks with concrete crack filler or silicone caulk, power-wash, and then seal the concrete.

4. Remove Firewood: Firewood stored near the home for winter should be moved at least 18 inches off the ground and at least 2 feet from the structure.

5. Check Outside Faucets: Check outside faucets for freeze damage. While you’re at it, check your garden hose for dry rot.

6. Repair Window Screens: You will want to open the windows to let the fresh air in. Ensure small holes and tears are repaired so bugs don’t get in.

This is just a short list of items you can do to prepare your home for the spring. Winter was nice and cozy but, we are ready for the spring sunshine! While you are preparing your home for the spring, it is a great time to review your homeowners insurance! 

Source: https://www.hgtv.com/lifestyle/clean-and-organize/10-home-maintenance-tips-for-spring-pictures

When you decide you want to buy your first home, homeowners insurance may not be the first thing you think about. However, most mortgage lenders require you to have homeowners insurance before they will approve your loan. There are a few things you should know about homeowners insurance.

Certain losses are excluded from most homeowners insurance policies. Standard homeowners insurance policies don’t cover floods or earthquakes. If you want coverage for flood or earthquake damage, you will need separate policies for those. If you are in a flood zone, your mortgage lender may require you to purchase flood insurance.

We all know that our credit score is important for many things. Did you know it can also affect your homeowners insurance premium? Some states have banned this practice; however, in most cases your credit score can affect your insurance premium. The better your credit rating, the lower your premium. So while you’re spiffing up your credit rating to get a good deal on your mortgage loan, you should maintain a good rating to save money on your homeowners insurance.

Poor home maintenance may cause a claim to be denied. Not all damages are covered by homeowners insurance. If the damage that occurred to your home is due to your failure to properly maintain your home, your claim may be denied. When it comes to home maintenance, don’t be a procrastinator!

While you are living in your new home, you will acquire new valuables, personal possessions, and may do some home improvements. You should always report these to us right away so we can ensure your coverage is sufficient for your investment. Enjoy your new home, you deserve it!

Source: https://www.hsh.com/first-time-homebuyer/facts-about-home-insurance.html

Here are some recent raves from our customers:

“Been with Bob and crew for 22 years. Always professional and a pleasure to deal with. Recommend them HIGHLY!” -Bill B.

“Contacted Ray Viola to help me get better insurance for my home and car. He took the time to explain what everything meant and provide me with better insurance for better coverage at almost the same price.” -Catty

“Bob Marmo has provided outstanding service to our family business since we relocated in New Jersey in 1990. We take great comfort knowing Bob always has our company’s best interests in mind.”-Tim Mac

“All of the people at AC Marmo & Sons are very knowledgeable, make the very best effort to find the cheapest and best insurance to cover all of one’s needs, and go beyond and outside the box.” -Theresa Z.

In an exclusive interview with Practicomm, professional John Tahmoosh provides valuable answers to controversial insurance issues… Read more