Long Insurance Services of Kernersville, NC
Contact : 336-992-5664
Trees can be tricky, but for the most part homeowners are responsible for what falls into their own yard. So if a storm causes your neighbor’s tree to fall in your yard, your homeowners insurance could help cover the cost of removing the tree and remedying the damage it caused on your property, after your deductible.
The same is true in reverse: If a tree on your property falls in your neighbor’s yard, your neighbor should contact his or her insurance company to determine what type of coverage is available for damage or cleanup in their yard.
In most cases, neighbors are able to work things out without too much trouble. Depending on the extent of the damage, you may need to file a homeowners insurance claim. Your homeowners insurance may or may not cover the cost of tree cleanup, depending on your policy and the company you work with.
Good news: Homeowners insurance from ERIE typically pays for the cost (subject to sublimits) of removal of fallen trees if it’s due to a covered peril, such as a storm.
If there’s ever an issue between neighbors, you can rely on your claims adjuster to help straighten everything out.
If a tree falls on your house, the first thing to do, if it’s safe, is to try to prevent further damage to your home and property. Make sure to take some photos to document what happened. Then call your insurance agent, who can explain your options and help you understand if and how to file a claim. When you file a claim, a claims adjuster will come by to evaluate the damage and explain how your homeowners coverage comes into play. It’s recommended that you call your claims adjuster before you contract to have the tree removed.
Sometimes trees fall on cars. If it’s not safe or possible to remove the tree from the car yourself, you should call a professional to remove it. (Again, talk to your insurance agent and a claims adjuster first and take a few photos of the fallen tree on your car.) Depending on the damage and terms of your insurance coverage, the optional comprehensive coverage you may have under your auto policy could provide coverage for the loss.
Preventive measures matter when it comes to trees. Start by looking for signs of distress such as dead limbs, cracks in the trunk or major limbs, leaning to one side and branches that are close to a house or power line. Mushroom growth on the roots or bark can also signal trouble.
Homeowners should be concerned about the health of their trees. It’s possible for you to be held responsible for resulting damage to your neighbor’s house or property, if your tree falls due (in whole or part) to your own neglect. One of the best things to do is to regularly have large trees trimmed. (The Tree Care Industry Association lists accredited tree care professionals.)
Life insurance, by its very nature, is deeply personal. It transforms the vulnerable into the secure.
It can also leave you wondering – how does that all work, anyway?
Keep reading for answers to a few curious questions you’ve probably wondered about life insurance… but were too afraid to ask.
A: In many cases, yes – but expect to answer some questions and (probably) pay a little extra to account for the additional risk.
Before giving you a quote, your local insurance agent may ask you to fill out a written questionnaire to understand more about your hobby. At ERIE, that includes hobbies such as:
The questionnaire will ask you some basic information to understand your hobby. This could include:
It’s important to be honest when filling out your questionnaire. If you fudge the details in an attempt to seem less risky… that could be grounds for denying a claim later on. Your completed questionnaire is sent to the life insurance underwriter, who determines the scope of the risk – and ultimately helps calculate the rate you’ll pay.
For example: Let’s say you’re into rock climbing. Does that mean you climb indoors with friends once in a while at the local gym? Or are you planning a trip to the Himalayas to go ice climbing alone? Similarly, if you have a private pilot license – are you taking occasional short trips for business? Or are you regularly stunt flying in air shows on the weekends?
You get the idea… it’s all about calculating that risk.
A: First things first: Good for you!
As for your life insurance: Generally speaking, yes – you can ask your local agent to get your existing policy re-rated. Before you do, though, you’ll likely have to show some stability in those lifestyle changes for a year or two to prove that you’re in this for the long haul.
What happens next may differ, depending on the circumstances. (Your agent can explain the specifics as they pertain to you.)
If you quit smoking because you’re just ready to live a healthier lifestyle – great! With no complications, you could get bumped from the “smoker “to the “nonsmoker” rate classification (and likely save some money in the process).
But, if you quit for a medical reason – such as a diagnosis of COPD or lung cancer – that’s a health concern that could impact the cost savings you’d otherwise see from quitting smoking. Your agent will ask you to fill out a questionnaire to get the specifics on why and how you quit.
Similar to the smoking example above, expect some follow-up questions about your weight loss. For example: “How and why did you lose the weight?” There are risks that come with weight loss surgeries, such as gastric bypass or lap band surgeries. Similarly, if you dropped a bunch of weight without even trying to… that could be the sign of a worrisome chronic illness or depression. If you start or stop taking certain medications because of your weight loss, that could also affect your rate.
If your weight loss is the product of good ol’ fashioned discipline, diet and exercise: Once you show you can keep it off (and provide any necessary test results and information), you could get bumped to a more favorable rate class.
Remember, insurance rates are all about data and probability. When it comes to weight loss, most carriers will add at least 50% of the weight back when they calculate your new rate. Why? Statistically speaking, if you drop a bunch of weight, studies show you’re likely to gain at least some of it back.
Ask your ERIE agent about re-rating your policy if or when your circumstances change.
Have a weird or embarrassing insurance question? Don’t be shy: Our local agents are licensed professionals – they’re not here to judge.
Read about ERIE’s life insurance offerings or check out these related blog posts:
We provide Property, Casualty and Life insurance for personal and commercial needs.
Individual: Home, Auto, Life, etc. … Business, Prop., Casualty, WC, etc.
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It’s estimated that $1 billion in benefits from forgotten and lost life insurance policies are sitting unclaimed in America, says Consumer Reports. Could you be among the estimated 1 in 600 people who may be the beneficiary of an unclaimed life insurance policy?
If so, there are ways to find out. Here are some tips to help.
You might also have to contact any attorneys, financial advisers, accountants or other advisers who might have had something to do with issuing the policy.
Also consider contacting the deceased individual’s former employer. Many times the policies are group policies that were originally taken out through an employer.
If the policyholder passed away relatively recently and you have the authority or permission, take a look at the deceased person’s bank statements for premium payments or policy-related material.
Submit a request or read the FAQ at the Life Insurance Policy Locator Service website. You can also check in with the National Association of Unclaimed Property Administrators, which operates the website MissingMoney.com.
Life insurance is a powerful agent of relief. Taking care of the future needs of your loved ones makes you feel capable, purposeful and satisfied.
Spare yourself and your beneficiaries from the hassle caused by a lost life insurance policy by following this advice:
When you count on ERIE to help plan for the future, we’ll help you consider the variables, lay out the options and make the process comfortable and efficient.
Learn more about our flexible and affordable life insurance* options, or find a local ERIE agent to talk it through in person.