Earlier this year, a new family purchased a 30 year old home in my neighborhood. The Movers had just dropped off the owners’ personal property when, very early the next morning, the home caught fire and burned to the ground. All this happened before the new owners even had the opportunity to move in.
Seven months later, investigations have been conducted (as is always the case with fires) and the destroyed house’s debris has been hauled off and cleared from the property. But, reconstruction has yet to begin. Why?
Was precedence given to the home insurance premium over its level of protection for purposes of meeting the DTI ratios for a loan closing?
Didn’t the homeowners insurance provide sufficient Dwelling A reconstruction coverage to rebuild in the present day economic environment?
Are there increased costs from code changes, rising material and labor costs that weren’t protected against?
Have recent developments with Supply & Demand costs impeded securing a contract to rebuild?
All good questions, and just some of the reasons why we advise our clients to “Be Protected, Not Surprised.”
Few things are certain in the world of Insurance. Yet, running into another vehicle from behind will almost ALWAYS result in serious injury, costly repairs, violation citations, claim hassles, Road Rage and most assuredly premium increases to the At Fault driver. No one likes to look in their rearview mirror and see an aggressive Tailgater trying to push them faster down the road, especially when they’re already driving at the posted speed limit.
To help avoid all the above, we recommend following the simple steps in this video from our friends at Travelers. It explains how to maintain a safe following distance, be a safer/more considerate/less aggressive driver who will probably avoid subjecting themselves and others to many of the aforementioned pain and troubles.
Please Be Protected, Not Surprised!
PPE masks and social distancing required during all appointments and office visits, please. Your safety is of our utmost concern.
Be Protected, Not Surprised. Thank you.
Roque Agency Insurance 