Clarke & Sampson Blog

HO3 vs. HO5 Homeowners Insurance

Posted by Scott Jefferson

Jul 19, 2016 8:42:13 AM

Many homeowners operate under the assumption that all homeowners insurance is created equal. A common notion is that as long as the coverage limits match, a policy or quote comparison is "apples to apples." The reality is that that homeowners policies differ substantially even though they may appear to be identical. One major difference between homeowners policies is whether coverage is provided on a HO3 or HO5 form.

 

 

 

 

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Topics: Personal Insurance, Historic Home, Alexandria VA, Homeowners Insurance, HO3 vs. HO5

Understanding the Flood Insurance Act of 2014

Posted by Scott Jefferson

Mar 31, 2014 9:21:00 AM

On March 21, 2014, the Homeowner Flood Insurance Affordability Act of 2014 (the Flood Insurance Act) was signed into law. This Act modifies planned flood insurance reforms that would have dramatically increased premiums for many property owners in high-flood risk areas. Here are the key provisions of the Act that protect homeowners from rate increases:

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Topics: Flood Insurance, Alexandria Flood, Homeowners Insurance

Yard Work Safety Tips

Posted by Scott Jefferson

Mar 6, 2014 11:11:05 AM

For many of our neighbors in Alexandria, spring and summer mean more than sunshine and vacations. It also means working in the yard - often with tools that can be dangerous if not used properly.

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Topics: Personal Insurance, Personal Liability, Alexandria VA, Homeowners Insurance

What is Water Back Up Coverage?

Posted by Scott Jefferson

Mar 5, 2014 2:38:16 PM

Whether it’s a sump pump failure or a clogged drain, water back up is one of the most common types of losses. It’s also one of the most misunderstood. Do you know how your homeowners insurance would respond?

A standard homeowners policy provides coverage for accidental discharge or overflow of water from plumbing, heating, and air conditioning as long as it originates on the premises.  For example, if your shower drain clogs and causes water to overflow, you would have coverage for the resulting damage.

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Topics: Flood Insurance, Personal Insurance, Homeowners Insurance, Water Back Up

Securing Your Home Before Hitting The Road

Posted by Scott Jefferson

Feb 14, 2014 2:52:00 PM

With the upcoming holiday weekend, we thought this would be a great opportunity to emphasize the importance of securing your home before leaving for a trip. Burglar activity tends to spike around holidays. Fortunately there are a number of simple steps you can take to protect yourself.      Alarm_blog

- Lock doors and windows. It may seem so obvious it isn't worth mentioning, but according to a nationwide survey, 25% of homeowners acknowledged leaving the house regularly without locking doors or windows.

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Topics: Home Security, Alexandria VA, Homeowners Insurance

HO3 vs. HO5 Homeowners Insurance

Posted by Scott Jefferson

Jan 22, 2014 10:12:00 AM

Many homeowners operate under the assumption that all homeowners insurance is created equal. A common notion is that as long as the coverage limits match, a policy or quote comparison is "apples to apples." The reality is that that homeowners policies differ substantially even though they may appear to be identical. One major difference between homeowners policies is whether coverage is provided on a HO3 or HO5 form.

 

 

 

 

Read More

Topics: Personal Insurance, Historic Home, Alexandria VA, Homeowners Insurance, HO3 vs. HO5