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Getting Insurance for Your Second Home | Vacation Home Insurance

By Dez Duran-Lamanilao

Image source: Zillow

Whether you are leasing your second home to seasonal travelers or keeps it exclusively for family use, there is always the risk of damage or loss from natural calamities, theft, and other unforeseen incidents or disasters. If you belong to the cautious group of homeowners, these threats may be enough to justify buying a second insurance for your vacation home.

What are the factors to consider when getting insurance for your second home?

  1. Check first your primary home insurance policy. Ask your insurer if the existing policy can cover a second home. Otherwise, you will have to purchase another insurance.
  2. If you are renting your home, consider a comprehensive insurance policy that will protect your property from fire, hailstorm, and any other catastrophe. The best way to deal with this is to determine first the risks to your home.
  3. Verify how much you need to spend if you add personal liability coverage. This will help minimize the costs if you are sued by someone following injuries obtained within your property.
  4. Be specific on what you want to insure. Second homes are usually covered by a more restricted type of policy called “named perils,” which means incidents not indicated in the list will likely not be covered.
  5. Note that vacation or second homes tend to be more expensive to insure because they are either located in an earthquake- or flood-prone (waterfront) area or would normally feature special amenities such as pools and hot tubs.
  6. Never misrepresent facts when talking to your insurer. This may delay or void your rights when you make claims in the future. The savings you are hoping to get will not be worth the risk.
  7. Ask your agent about a personal umbrella policy (PUP) for greater liability protection. However, PUPs generally cover incidents related to personal negligence. For vacation rental activities, a specific umbrella (commercial) will be required.

Before the family gets busy preparing for that much-needed vacation, check with your insurer your available options if you wish to insure your second home. Protect your investment. Call an agent now.

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7 Maintenance Tips to Prevent Major Roof Repairs

By Dez Duran-Lamanilao

The roof is what makes any structure, whether a residential or commercial one, functioning. Aside from enclosing the whole space, it is every building’s first line of defense against the sun, rain, snow, natural calamities, and even fire. With the recent onslaught of hurricanes in the past weeks, one cannot argue against the value of keeping the roof regularly maintained.

While there will always be costs involved when you decide to schedule a roof maintenance, there are ways to make the most out of your budget without sacrificing the protection you need for your home. Here are some tips that will help reduce the dent in your pocket caused by leaking or damaged roofs:

  1. Use high-quality roofing materials. Roofs represent around 5 to 8 percent of capital building costs. Remember though, that they cover 100% of your house and thus should never be taken for granted.

There are many types of roofing materials to choose from, depending on what you are willing to invest in, but be sure to choose roofing with the highest fire rating (Class A):

  • Asphalt roofing – the most popular type; made of fiberglass and relatively easy to install; can last for 30 years or more but are not recommended for places that are prone to high winds.
  • Fake slate roofing – made of various materials such as plastic/polymer, clay, rubber or asphalt; can provide aesthetic value to your home since they look like actual slates, but may be less durable and thus have shorter lifespan.
  • Metal roofing – comes in a range of options: steel, copper, aluminum, and alloy strips; also easy to install and are ultra-light but can be noisy during a rainstorm.
  1. Check for missing or curled shingles and examine flashings, chimneys and roof valleys; look for cracks in vents. Cracks in the walls may also signal cracks in the roofing/flashing. Often these minor issues cause the biggest problems in the end if left unattended.
  2. Keep gutters and downspouts free from leaves and all kinds of debris.
  3. Monitor the most common issues resulting from poor workmanship and poor adhesion such as lifting at laps, cracking, and deterioration.
  4. Watch out for any signs of accumulation in moss. A roof moss can lead to leaks, mold growth and increased collection of debris. Start trimming your trees and getting rid of other organic junk, since they provide the needed nutrients for moss to grow.
  5. Ensure proper ventilation and insulation especially if your house has an attic; this can help in the prevention of leaks.
  6. Perform regular maintenance, including insect or pest control. This is one of the most important aspects of taking care of your roof, and in most cases, also one of the most ignored ones. Neglect is most often the culprit for damaged roofs. Roof inspection and maintenance should happen at least two times yearly, preferably after the roofs have passed through the severest levels of stress.

If you have already determined that you need to have your roof professionally maintained or repaired:

  • Ensure that only qualified personnel maintain your roof. Professional roofers have the expertise you normally will not find otherwise. They can also give the best advice, having been exposed to varying problems related to roofs.
  • Monitor the progress of the repair. Aside from learning the basics of how your roofs are structured and installed, there is an assurance that the work will not be rushed and will be completed according to your expectations.
  • Ask what materials they intend to use and if there are other alternatives. Furthermore, ask them to explain the advantages and disadvantages of each option. Careful decision-making is the key to ensuring that the repair does not happen again soon.
  • Make sure to request for and witness actual roof testing. This involves checking if there are really no more water leaks and examining the durability of the new materials that have been added to the structure.
  • Do not forget to take a set of “before” photos of your roof and update them after every repair or maintenance. Do the same when damages occur. Keep all estimates, invoices and receipts. Doing all this will reduce the hassles normally associated with insurance claims processes.

After the catastrophe caused by Hurricanes Harvey and Irma, this might be the best time to schedule an inspection of your roof to ensure that it has not become vulnerable to both internal and external elements. An ounce of pension is always worth a pound of repair.

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Green Roofing for a Sustainable Home

By Dez Duran-Lamanilao

Sustainability has become the popular term to describe practices through which a specific idea or technology can grow without having to drain the resources of an organization, a company or even a nation. It has been the focus of experts in the real estate industry in the past years as well. In fact, a study conducted by Dodge Data & Analytics in partnership with the National Association of Home Builders (NAHB), published in the “Green Multifamily and Single Family Homes” 2017 SmartMarket Brief, reveals that green homes continue to gain market share among both single family and multi-family homebuilders. Green building has definitely become a constituted part in residential construction.

A green home expectantly goes hand in hand with green roofing, which refers to the layers of plants that building owners, both residential and commercial, grow on their rooftops. One of the many aspects of green roofing is sustainability. Green roofing can reduce the homeowner’s heating and cooling costs. Architects are continuously innovating designs to come up with sustainable green roofing. Some of the strategies they use include:

  • Using plants that come from the area’s local flora, thus stimulating the habitat of local wildlife
  • Designing a layout that can collect rainwater to help in landscape irrigation
  • Planting a garden that produces herbs and veggies
  • Making use of climate-controlling grasses that best suit the needs of a region to help them deal with climate challenges
  • Integrating the green roof with other natural features such as an aquarium or a man-made rain forest
  • Using a green roofing that is habitable; something that features a soft, grassy bed where one can enjoy the view of nature

While the materials used for sustainable green roofing vary from one manufacturer to another, their goals are similar, to come up with materials that can help conserve resources. They employ the following techniques in the production of sustainable green roofing materials:

  • Recycling of production waste such as plastic, rubber or wood fiber into materials that can reduce carbon emissions and help in the decrease of energy costs
  • Use of roofing granules that can radiate heat better than traditional roofing shingles

There are two common types of green roofing. Intensive roofs usually have deeper soil depths, heavier weight load, and feature more plant options; although their maintenance costs may be higher than extensive green roofs, since maintenance would include more comprehensive fertilization of the plants as well. Extensive green roofs are more common because they are lightweight and only need lower maintenance and irrigation requirements. In the previous blog, we highlighted the benefits of extensive green roofing, which include:

  • Reduced volume of and delayed storm water runoff
  • Energy conservation
  • Increased lifespan of roofing membranes
  • Increased biodiversity
  • Additional space for urban agriculture
  • As a habitat for microorganisms and wildlife
  • Improved aesthetic value
  • Mitigation of air pollution
  • Noise reduction
  • Additional credits in the Leadership in energy and environmental design (LEED) standards

According to the University of Michigan, green roofing installation would cost almost $500,000 for a 21,000-square-foot property, versus $335,000 for a conventional roof in 2006 dollars. This means that the green roof would save around $200,000 almost over its lifetime.

Regarding green roofing maintenance, it will focus on upkeep and observation, particularly during spring and summer seasons. Below are examples of activities that should form part of your regular maintenance schedule:

  • Inspection of vegetation-free zones
  • Removal of debris and other organic waste materials
  • Control of weeds
  • Trimming off spent flowers
  • Checking of irrigation and moisture levels
  • Fertilization

If you are wondering how fast plants may grow, it depends on the method of initial planning. Cell plugs and bulk cuttings may reach full growth after three years while sedum tiles may grow 100% after two years. Clarify the installation method with your roofer first and ask for more information about the possible problems that you might encounter. This way, you can properly plan your green roofing maintenance. Scheduling it earlier may incur additional unnecessary costs and consume valuable time.

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Coastal Winter Storm: What to Prepare

By Dez Duran-Lamanilao

Coastal areas generally have more moderate temperatures than other areas during winter. Ocean currents may warm or cool coastal land, depending on the nature of the current that flows by that land.

Winter tourists who would rather skip the snow and enjoy the beach instead have the option to visit the Gulf Coast in Alabama, with its almost perfect weather that stays all year-round. The sun actually shines every day, so they have a wider range of activities to choose from if they do not like the idea of staying indoors.

Whether you are a golfer who needs green to get going or someone who likes the blue ambiance the beach offers, coastal areas may be the ideal spot to spend your winter vacation.

Image source: UCS USA

If you are living along the coast however, there is always the need to prepare for the unexpected, one of which is a coastal winter storm. Stella, a late-season Northeast storm, was reported to have killed five people in March 2017. While the snowfall is not of a concern along coastal areas, Stella has caused ocean water to flood into streets in some parts of New Jersey and New York. The extreme weather has even forced several states to issue travel bans, resulting to almost 9,000 flight cancellations.

What to do in case of a winter storm warning? Follow these simple tips and you are on your way of having a good winter:

  • Protect pipes from freezing by draining water from your pool or from outdoor hoses and adding insulation to attics and basements. For exposed pipes, allow them to drip so they do not freeze.
  • For added insulation, install storm windows or just cover windows with plastic.
  • If you can, consider purchasing an emergency heating equipment in case of power outage.
  • Store sufficient heating fuel; and firewood or coal for your fireplace.
  • Some homeowners prefer to buy their own generators.
  • Talk to your insurer and consider adding flood insurance cover to your policy.

Keep in mind these reminders and live a stress-free winter. Who would not want to wear a good pair of boots, a waterproof jacket, and trousers to enjoy a walk along the enticing shores?

 

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Motor Vehicle Reports (MVR) and Insurance Premiums

By Dez Duran-Lamanilao

There are many factors impacting vehicle insurance premiums, including the value of the vehicle, mileage, where you live (urban areas cost higher rates due to higher risk of theft, vandalism and crashes), and your credit history and financial capability. Sometimes to encourage safe driving, insurers also consider drivers who have taken additional safety courses.

 

For boat insurance, a key factor will be the years no claims bonus. The less number of claims you make for a certain number of years, the less your final insurance cost will be. Other optional factors may include breakdown and contents cover, among many others.

And that is not all. If you ever wondered why you have to supply your motor vehicle reports (MVR) during the application process, MVR will actually also affect the insurance premiums that you have to pay.

Aside from your personal details, the driving history will contain the following information:

  • Past and present license suspensions, revocations and cancellations
  • Driver’s license class
  • Special driver’s license endorsements
  • Any license restrictions
  • Traffic violations such as traffic citations, vehicular crimes, accidental reports, and DUI convictions

Since you probably are not looking forward to seeing your MRV pages filled to capacity, the best way to avoid this scenario is to drive safely. While this is an obvious solution, some drivers will not be able to avoid incurring these records. Ask your insurer about enrolling in a defensive driving course to lower your insurance rates and remove points from your driving record, which for example in Alabama, can go back to as far as three years.

Insurance is a common consideration in getting your MVR. However, there is a possibility of errors occurring on your driving record; thus, to avoid an increase in your insurance premium or driver’s license suspension, check your record now and avoid future inconvenience.

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The Pros and Cons of Coastal Living

By Dez Duran-Lamanilao

For some people, living by the sea may be a dream worthy to wish for and follow. The serenity that coastal living promises may be understandably hard to resist. The Gulf Shores in Alabama, for example, is well known for its soft and ultra-bright white sand. Residents can both bask in the sea breeze or a few miles west, even watch sea turtles and migratory birds at the Bon Secour National Wildlife Refuge, an added perk any nature lover would surely enjoy.

Image source: Coastal Living

Aside from having a relaxed mental state and having an awesome view to wake up to every day, living on the coast also allows for more recreational activities, healthier living, and less stress. You can get more Vitamin D from the sun and breathe fresher air. The sea has also been proven as an effective way to get rid of hair chemicals and dirt or even cure skin diseases such as psoriasis and dermatitis.

However, those who wish to invest in coastal properties should also bear in mind the possible drawbacks of such decision:

  • The wear and tear resulting from extended exposure to sea air, which may shorten the lifespan of wood, cement and metal because of the higher level of moisture and corrosive salt it brings
  • The terrain types of properties along the coast are harder than normal to build on, thus may mean more expensive construction costs
  • Greater risk of flooding, which can impact your house and contents insurance
  • The possibility of coastal erosion which may result to temporary or worse, permanent damage to the property
  • Requires more maintenance especially if the façade is directly exposed to the prevailing wind

Whitehaven has specialized in writing high risk coastal properties since 2004. Get in touch with an expert now and find out how you can protect your investment without having to spend more.

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Protecting Your Home from Intruders

By Dez Duran-Lamanilao

The Federal Bureau of Investigation’s (FBI) Uniform Crime Reporting (UCR) program defines burglary as the unlawful entry of a residence or structure (garage or shed) by an individual or group of individuals, whose intention in most cases is to commit a felony or theft. As long as the person who entered the property had no legal right to be present in the property, a burglary can be already established.

Image source: Burglary Lawyer

FBI statistics show that the estimated number of burglaries in 2015 accounted for 19.8 percent of the calculated number of property crimes. Burglaries of residential properties made up the 71.6 percent of all burglary offenses. These figures enough justify the need for homes to be better protected, especially if they are located in high-risk areas.

Burglary can be classified into four types:

  1. Completed burglary. A successful unlawful entry achieved with or without force
  2. Forcible entry. A successful burglary in which force is used to gain entry to a property.
  3. Unlawful entry without force. A form of completed burglary in which no force is used.
  4. Attempted forcible entry. Force is used in an attempt to enter a structure.

There are initial steps that a homeowner can take to prevent burglary:

  • Install an alarm system. Consider asking your provider to deliver a fast response time or to automatically notify the police once an alarm event occurs.
  • Install security cameras. Outdoor security cameras with night vision are recommended and a hard drive that can record a few days worth of video.
  • Invest in strong window and door locks.
  • Leave the lights on especially if you plan on going on a vacation for long periods of time.
  • Protect your valuables by placing them in safety vaults.
  • Households who own dogs are less likely to attract burglars. Keep in mind though, that owning dogs should not be solely due to guarding against burglary.
  • Ensure that your mails and other deliveries are properly monitored and kept away from the prying eyes of burglars.

Finally, you may also opt to purchase a burglary or crime insurance, which covers the property against loss or damage in the event of a house break. You may want to keep a documented list of your personal and valuable belongings as insurance companies usually require documented proof of ownership to avoid possible fraudulent claims.

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Car Insurance and Watercraft Insurance: How Do They Differ?

Boating is a recreational activity mainly done by the middle-class and has always been associated with adventure, bonding, and fun. According to the 2014 National Marine Manufacturers Association data, 35.7% of the US population, equivalent to 87.3 million Americans, participated in recreational boating at least once in 2014. With the enjoyment of such hobby comes the responsibility of protecting the vessel. A basic knowledge of what differentiate watercraft insurance from car insurance will help you decide the type of insurance you need for your boat:

Image source: The Watercraft Journal

  1. Car insurance protects the vehicle for its market value regardless of what is involved in the loss. On the other hand, mort watercraft insurance policies offer a predetermined and agreed value regardless of depreciation on the vessel. Thus, you will get payment for the cost of the boat at the time of purchase.
  2. Insurance for boats can be put on hold, unlike cars which need to be insured as long as they are registered under the owner’s name. This saves money especially if you rarely use your boat. Just remember not to take your boat out when it is not covered during that month.
  3. There are areas that restrict entry of boats and thus will not be included in your coverage. Make sure that you are aware where these areas are.
  4. Except for New Hampshire, all states have ordained mandatory car insurance liability laws. In fact, it is considered illegal in 50 states to drive without the proper car insurance. Though not mandatory, insurance for pleasure boats is usually required if you have a loan using the vessel as collateral. Some marinas also require liability insurance.

To save money on watercraft insurance, follow these tips:

  1. Shop around and get specific with your needs.
  2. Avail of policy discounts on safety features.
  3. Enroll yourself in a boating class. Having a certification can offer savings on your policy.
  4. Stretch out your lay-up period. Insurers can cut your premium if there are specific months that you will not use the boat.
  5. Finally, deal with an insurer that is capable of offering effective options specific to your needs. Whitehaven Insurance can deliver that for you. Get a quote now and enjoy a worry-free adventure the next time you are out on the waters.