Category Archives: Home Insurance

Home Insurance Lafayette La

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Home Insurance Lafayette La — Top Rated Companies Want Your Business!

Home Insurance Lafayette LaBecause Home Insurance in Lafayette Louisiana along with the rest of our states Parishes is among the most expensive in the entire country — working with an independent insurance agency is a must to keep your rates low over the long run!

Jeff Davis Insurance is a leading Independent Insurance Agency in Louisiana and we can shop the market to help you find lower rates on Homeowners Insurance in Lafayette Louisiana and the surrounding areas.

An agent only selling insurance through one company is at a HUGE disadvantage because there isn’t a single insurance company that offers the lowest rates for all circumstances — this is why independent agencies are the best place to find the lowest rates long-term!

Please call 1-888-260-6801 to speak with our licensed agents for low rates on Home Insurance Policies in in Lafayette Louisiana or if it is easier send us an online quote request when you click this link: Home Insurance Lafayette La.

If you’re not directly located in Lafayette please note additional links below to use based on your closest geographical location:

Home Insurance Lafayette La — Is This Claim Covered?

In our previous post we were discussing a fictitious account whereas a party is thrown by yourself.  One of your guests recommend shooting off some fireworks including Bottle Rockets, Roman Candles, Lady Finger Firecrackers, and Sparklers for the kids.

Two of younger kids, Stephanie (9 years old) and Joey (10 years old) sneak around to the front of your home and want to light some of the sparklers away from the other kids and adults and they do it near your front porch.

As Stephanie lights up a sparkler she gets scared and hurls the sparkler away landing right next to your cedar siding and she and Joey run to rejoin the rest of the adults and other kids.

Regrettably, that sparkler sets the front of your home on fire!  It only takes a few minutes before the fire is detected by one of your house guests.  The fire department is called and the fire is quickly extinguished and within the next few days you learn that the damage amounts to about $47,000.

Because of he high cost of Home Insurance in Louisiana you opted for the Broad Policy Form (HO 2) which coincidentally is a named perils policy.

And while it is true Fire is a listed peril in the policy purchased, you may recall from our previous post that only claim events specifically named in the policy would be covered.

Would the $47,000 in damages be covered by your broad policy form despite the fact that the fire was caused by fireworks which is not a named peril?

That is a very good question.  It’s likely the insurance company would pay the claim as fire was the catalyst for the damage to the property unless there is some type of exclusions within the policy itself.

However, the HO2 has some BIG limitations whereas a claim event may not be covered.

Our question to you as a reader is why would you want to take a chance on minimizing your coverage for the sake of saving money?

You see for only a little more money, a HO3 Special Policy Form could have been purchased versus the HO2 Broad Form.

The HO3 Special Policy Form eliminates named perils coverage for the Coverage A (the house itself) and provides coverage for all claim events unless that event is specifically excluded in the policy.

The HO3 only covers your personal property on named perils so keep that in mind, but the house itself does not include the named perils restriction.

The HO3 is a much superior policy form compared to the HO2.

The HO5 policy form is superior to the HO3 and in a future article we will discuss this in more detail.

It’s always best to work with an agency that will go over the options with you as you are shopping for Home Insurance in Lafayette Louisiana, don’t you agree?

Choose Jeff Davis Insurance for Home Insurance in Lafayette Louisiana!

Call 1-888-260-6801 to speak with our friendly agents for low rates on Home Insurance Policies in in Lafayette Louisiana, or if it is easier send us an online quote request by choosing a link you see below based on your closest geographical location:

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Home Insurance Lafayette Louisiana

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Call Jeff Davis Insurance When You are Looking for Car or Homeowners Insurance in Lafayette Louisiana

Home Insurance Lafayette Louisiana When you are looking for car or home insurance in Lafayette Louisiana or the surrounding areas, call Jeff Davis Insurance at 337-824-4455.

We can help you find the coverage you need for a price typically lower than our competitors!

If it is more convenient please, use our online rate quote system for car or home quotes by clicking Insurance Lafayette Louisiana. In 5 minutes or less, you will have rates from top companies competing for your business!

In a previous article we discussed the following topic:

Child Care Insurance Louisiana – Is this Covered by my Home Insurance Policy?

In our previous article Ron and Tammy Bierson began to offer child care in their home and unfortunately one of the children being cared for was injured and the parents of the injured child filed a $500,000 lawsuit against the Bierson’s.

The Bierson’s file a claim with their home insurance company.  Will they pay for this potential $500,000 claim? Unfortunately, the answer is likely no for the Bierson’s. This is why:

A homeowner’s insurance policy is not designed to cover the business pursuits of policyholders. 

Please note how this is explained in one Lafayette Louisiana home insurance policy:

LIABILITY LOSSES WE DO NOT COVER 

  1. Coverage E — Personal Liability and Coverage F — Medical Payments to Others do not apply to bodily injury or property damage: 

Arising out of business pursuits of any insured. This exclusion does not apply to:

(1) Activities which are ordinarily incident to non-business pursuits;

(2) The occasional or part-time business pursuits of any insured who is under 23 years of age.

Some stay-at-home mothers want to make extra money by offering childcare or babysitting services for a fee.

This activity is prohibited by insurance companies for the very reason as outlined in this claim scenario.

Please note that in some instances childcare could be covered if one of the insureds is under a certain age, and this age can vary from company to company. (Don’t assume it is 23 years of age with every company)

The particular company cited above bases their age at 23.  Why is the age of importance?  This is designed for younger individuals such as teenagers offering childcare in their parents’ home.

It’s not intended for a commercial enterprise which was clearly the case for the Bierson’s and so likely a claim would be denied in this situation.

If you offer childcare in your home it’s best to consider purchasing the appropriate commercial general liability insurance, otherwise you may find yourself on the losing end of a lawsuit without any protection from your insurance company!

Choose Jeff Davis Insurance When You Need Home Insurance in Lafayette Louisiana!

We offer a homeowners coverage checklist that helps to identify gaps in insurance protection that could leave you in a very vulnerable position financially.

Call us today at 337-824-4455 or use our convenient online rate quote system in the links you see below:

We look forward to assisting you with your insurance needs!

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Homeowners Insurance Lake Charles Louisiana

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Better Rates on Homeowners Insurance in Lake Charles Louisiana Are One Call Away!

Homeowners Insurance Lake Charles LouisianaJeff Davis Insurance has cared for the insurance needs of thousands of individuals, families, and businesses for more than 50 years!

Call us today at 337-824-4455 or use our online rate quote system that will automatically shop the market for you saving you both time and money!

This Is One Mistake You Should Avoid When Shopping for Homeowners Insurance in Lake Charles!

In a previous article we discussed the importance of insuring our homes properly.  Steve and Jodie Harrison purchased a new home and only bought enough insurance to cover what they paid for the home.

At first glance this seems logical. But it was a mistake that cost Steve and Jodie $12,000 out-of-pocket when a fire damaged their home.

When you buy a new Lake Charles homeowners insurance policy make sure you purchase enough coverage to rebuild your home exactly as it was prior to the loss based on current labor, current material costs, and local building and ordinance laws that may have been changed since your home was built.

Never insure your home for market value unless you want to be penalized by the insurance company!

The Homeowners Insurance Penalty You Need to Avoid.

Please note the contractual language of a typical Lake Charles Homeowners Insurance Policy:

Loss Settlement

Buildings covered under Coverage A or B at replacement cost without deduction for depreciation, subject to the following: 

a. If, at the time of loss, the amount of insurance in this policy on the damaged building is 80% or more of the full replacement cost of the building immediately before the loss, we will pay the cost to repair or replace, after application of any deductible and without deduction for depreciation, but not more than the least of the following amounts: 

(1) The limit of liability under this policy that applies to the building;

(2) The replacement cost of that part of the building damaged with material of like kind and quality and for like use; or

(3) The necessary amount actually spent to repair or replace the damaged building. 

So to summarize if you purchase at least 80% of what you should’ve purchased to rebuild your home the insurance company will settle your claim on a replacement cost basis, not actual cash value.

Losses settled on an actual cash value may leave policyholders on the hook to pay significant amounts of money out-of-pocket!

In our next article we will discuss why it’s important to review your coverage so you do not incur a significant penalty in the event your insurance amount falls below the 80% coverage rule by the typical company offering homeowners insurance in Lake Charles Louisiana.

Call Jeff Davis Insurance Today When You Need Lake Charles Homeowners Insurance!

You can reach our licensed agents by calling 337-824-4455 during normal business hours. (8:30 A.M. – 4:30 P.M.) Or use our online rate quote system and you click on:

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Car Insurance Moss Bluff La

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Tags: Posted on December 17, 2014 by WIN Admin

Need Better Options for Car Insurance in Moss Bluff Louisiana? Speak to the licensed agents of Jeff Davis insurance at 337-824-4455 or for a free online quote click on Car Insurance Moss Bluff La and receive quotes from our independent … Continue reading →

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Auto Insurance Crowley Louisiana

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Tags: Posted on December 17, 2014 by WIN Admin

When shopping for the best rates on auto insurance in Crowley Louisiana and the surrounding areas you have found the right agency! The Jeff Davis Insurance Agency is a leading independent agency in Crowley helping new clients find the coverage … Continue reading →

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