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Home insurance

Flooding: Is your home protected?

Flooding: Is your home protected?

Ensure your risks are minimized with the right flooding protection.
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Flooding: Protect your home

Homeowners insurance does not cover damage to your home from a flood.  Defined by the National Flood insurance Program (NFIP) , a flood is a general and temporary condition of a partial or complete inundation of two or more acres of normally dry land area or two or more properties (at least one of which is your property). 

Typically, you will need a separate flood insurance policy, which is available through the National Flood Insurance Program (NFIP) or through private flood companies.  Additionally, if the home you purchased is in a flood zone and the home loan is financed by a bank or lender, flood insurance coverage will be mandatory.  You can also purchase it as a supplement measure to reduce any risk. Be mindful of very specific exclusions to personal properties and areas of the house in flood policies.

By providing your address, our models can assess if you are in a high risk zone for flooding and our protection advisors can provide complimentary advice.

Do you have the protection you need?

Life is full of risks. To your family. Your assets. Your future. The problem is traditional solutions that propose traditional answers, one policy at a time.

Vero’s fast and free Protection Plan is an unbiased analysis of all your risks. We’ll recommend what insurance to buy — and which policies you can safely cancel to save money.

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©2020 Vero Intelligence, Inc.
370 Convention Way
Redwood City, CA 94063

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©2020 Vero Intelligence, Inc. All rights reserved

Categories
Home insurance

Understanding landlord policies and rentals

Understanding landlord policies and rentals

Discover details about landlord policies and rental protection coverages.
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Landlord protection policies

ll landlord protection policies or dwelling fire policies cover rental/income property rented to long term tenants (12-month lease).  On average, most landlord policies do not provide Airbnb and VRBO rental coverages and are often excluded on most landlord policies. 

However, as more claims data becomes available indicating the risk of increased short-term rentals, popular carriers are beginning to provide coverage with an endorsement or without an additional fee.

Short-term rentals incite a risk of negligence. A short-term renter  may be more unreasonable on the wear-and-tear of a property than a long-term renter, resulting in a claim. Additionally, short-term renters are a higher liability risk as more traffic is generated at the property.

It’s always better to check before and not after a claim. By uploading your policy, Vero can assess if you might be under protected or over protected.

Do you have the protection you need?

Life is full of risks. To your family. Your assets. Your future. The problem is traditional solutions that propose traditional answers, one policy at a time.

Vero’s fast and free Protection Plan is an unbiased analysis of all your risks. We’ll recommend what insurance to buy — and which policies you can safely cancel to save money.

Continue reading

©2020 Vero Intelligence, Inc.
370 Convention Way
Redwood City, CA 94063

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Home insurance

Are bed bugs covered under homeowners insurance?

Are bed bugs covered under homeowners insurance?

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Bed bugs. A maintenance issue.


Bed bugs are
not covered under homeowners insurance policies. Bed bugs are considered pests and categorized as a result of maintenance issues.  Rodents, birds, vermin and insects are also typically excluded from most homeowners insurance policies.

By uploading your current homeowners insurance policy, we can provide a free assessment ensuring you have enough protection in place.

Do you have the protection you need?

Life is full of risks. To your family. Your assets. Your future. The problem is traditional solutions that propose traditional answers, one policy at a time.

Vero’s fast and free Protection Plan is an unbiased analysis of all your risks. We’ll recommend what insurance to buy — and which policies you can safely cancel to save money.

Continue reading

©2020 Vero Intelligence, Inc. All rights reserved

©2020 Vero Intelligence, Inc.
370 Convention Way
Redwood City, CA 94063

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Categories
Home insurance

Protecting our pets: Coverage and liability

Protecting our pets: Coverage and liability

Manage risks to your pets and yourself with the right policies.
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Pet health, insurance and liability

When it comes to insurance coverage for pets, there are two important components to consider: their health and their liability in a pet-biting incident.

Regarding pet health, home insurance does not cover any accidents or illnesses related to pets. For these to be covered, a separate pet insurance policy will need to be purchased. Pet insurance policies typically cover common illnesses, accidental injury, and preventative care—up to a certain limit.

Home insurance and injuries from pets

A standard home insurance policy will, however, offer coverage for injuries caused by most pets under the Personal Liability and Medical Payments to Others provisions of the policy. Most policies do not cover what the carrier may consider an “aggressive” dog breed, though. The list of “aggressive” dog breeds includes pit bulls, rottweilers, chow chows, presa canarios, akita, Doberman pinschers, wolf hybrids, mastiffs, and German shepherds.

Let’s make sure you’re protected with a free assessment of your home insurance or rental insurance policy.

Do you have the protection you need?

Life is full of risks. To your family. Your assets. Your future. The problem is traditional solutions that propose traditional answers, one policy at a time.

Vero’s fast and free Protection Plan is an unbiased analysis of all your risks. We’ll recommend what insurance to buy — and which policies you can safely cancel to save money.

Continue reading

©2020 Vero Intelligence, Inc.
370 Convention Way
Redwood City, CA 94063

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Categories
Home insurance

Hurricanes: Minimize risk and damage

Understanding damage from hurricanes

Learn how hurricane storm factors determine the right coverage.
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Hurricanes: Minimize risk and damage with a combination of insurances

Typically, hurricanes are not listed as either a covered or an excluded peril in an insurance policy. Rather, your policy is more likely to mention the specific types of hurricane-related damages that will be covered, such as flooding or strong winds. Hurricane-related claims can be very tricky to assess because the property damage may have been caused by a number of things, so it may actually involve multiple policies (e.g., homeowner’s, flood, and hurricane insurance). 

Hurricane storm factors

  • Flooding – Homeowners Insurance provides coverage for some forms of water damage, such as a sudden burst of pipes, but it will not cover damage to your home from a flood. Flooding or storm surges from a hurricane will most likely by excluded from a homeowner’s insurance policy and will be covered by a separate flood policy. In some cases, water damage to carpets from hurricane winds blowing rain through a window or door can be covered by a homeowner’s insurance policy.
  • Wind – If a hurricane causes damage to your roof or trees on your property, this would be covered by your homeowner’s insurance policy. However, if you live in an area that is prone to hurricanes, hurricane or wind coverage would generally be excluded from your policy and would need a separate endorsement. In those states, you’ll also find that there are separate deductibles for hurricane- and wind-related claims.

Assess now whether you’re in a high-risk zone for a hurricane. Simply upload your current policy and get a free assessment to see if you might need extra protection.

Do you have the protection you need?

Life is full of risks. To your family. Your assets. Your future. The problem is traditional solutions that propose traditional answers, one policy at a time.

Vero’s fast and free Protection Plan is an unbiased analysis of all your risks. We’ll recommend what insurance to buy — and which policies you can safely cancel to save money.

Continue reading

©2020 Vero Intelligence, Inc.
370 Convention Way
Redwood City, CA 94063

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Home insurance

Home Insurance: Earthquake Restoration

Earthquakes and home restoration

Minimize the consequences of an earthquake with the right coverage and policies.
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The proper coverage for earthquakes

Typically, home insurance will not cover home restoration due to earthquakes, especially in California. However there are certain perils (causes of claim), like fire, that are covered on all standard home, dwelling fire and renters insurance policies. In certain geographic areas, there are other “common” claims that require their own policies for coverage due to the frequency and catastrophic nature of the risk. Earthquakes and floods are two of the most common potential disasters that need their own policy to apply coverage.

Earthquake damage to condos and rental homes

Since renters and condo owners do not own the building structure they are residing in, it is up to the landlord to provide coverage and provide alternative housing based on the lease.  While renters and condo owners can still purchase additional earthquake insurance, the coverage may be expensive for what it provides and be limited to the amount of personal property and the loss of use if you are unable to live in your home.

Understanding the earthquake deductible and home restoration

Earthquake policies operate with a percentage deductible based on the cost to rebuild your property (dwelling building limit). The most common deductible limit for an earthquake is 15% of the dwelling limit. If your home is insured for $500,000, that means your deductible is $75,000. In other words, you are responsible for the first $75,000 before the insurance company provides coverage. Lower deductibles are available but come with a higher premium. Be sure to compare the savings versus the time during which you plan to keep the coverage.

Earthquake risk in the Western United States

Although the entire Northwest United States is at high risk of earthquakes, eight of the 10 costliest earthquakes in the last century occurred in California. According to the U.S. Geological Survey, there is a 72 percent probability that an earthquake of magnitude 6.7 or larger will strike the San Francisco Bay area over the next 30 years.

Do you have the protection you need?

Life is full of risks. To your family. Your assets. Your future. The problem is traditional solutions that propose traditional answers, one policy at a time.

Vero’s fast and free Protection Plan is an unbiased analysis of all your risks. We’ll recommend what insurance to buy — and which policies you can safely cancel to save money.

Continue reading

©2020 Vero Intelligence, Inc.
370 Convention Way
Redwood City, CA 94063

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