Top homeowners insurance claims

Understanding the most common claims made under homeowners policies can help you avoid claims as well as be prepared to file a claim if damage occurs. If you live in the Escanaba, MI area and would like to learn more about these claims, reach out to an agent at Luft Insurance Agency today.

The number one claim made against homeowners insurance policies is wind damage. Wind can cause trees to fall on your home causing damage to the roof and walls. In addition, it can rip the siding off your home. When you know there will be a storm or strong winds, be sure to secure items such as patio furniture around your house so that it does not get picked up and thrown onto your home by the wind.

Another common claim made against homeowners insurance policies is water damage. Water damage can be caused by an exploding pipe in the winter or an overflowing toilet. Water damage can also include weather-related damage caused by rain.

Damage from hail is also a leading claim made under homeowners policies. Hail claims can often be larger claims as hail can cause a lot of damage to roofs and severely damaged siding. Large hail can even break windows so try to stay away from the windows during a hail storm.

Theft is also a common claim made under home insurance policies. Theft coverage will cover both the personal property loss as a result of the break-in in addition to any damage the thieves may have caused to your home. If you have luxury items such as jewelry or fine art in your home, reach out to your insurance agent to make sure you have the appropriate coverage.

If you live in the Escanaba, MI  area and would like to learn more about home insurance, please reach out to an agent at Luft Insurance Agency today.


What Does Commercial Insurance Cover?

Commercial insurance is required for the vast majority of businesses, but not every business owner knows what it covers. If you have an enterprise in Escanaba, MI that you would like to protect, keep the following facts in mind from Luft Insurance Agency. 

The Long and Short of It 

While every policy is different, business insurance typically covers the following events:

  • Theft or vandalism: If someone steals your inventory or ruins your building, you can usually file a claim with your insurance to cover the costs of the loss or damages. 
  • Natural disasters: If a significant storm breaks your windows, and water begins rushing into your space, business insurance is available to replace the inventory and fix the structure. 
  • General liability: If someone slips and falls on your walkway because you didn’t salt the ice, your insurance will likely cover some or all of the associated costs. 

Understanding Your Policy 

Every insurance policy will come with its own terms and conditions for business owners in Escanaba, MI. For example, some may cover certain events only up to a certain amount. If a liability claim reaches past that amount, then the business owner is responsible for any additional costs after that. This can ultimately bankrupt a business if they’re exposed to a complicated lawsuit or they sustain extreme property damage. Other insurance companies may interpret certain events differently than the business owner, leading to disputes over what should be covered and why. 

If you want to understand your business insurance policy better or if you’re worried you may not have enough coverage for specific events (e.g., a cyberattack, flooding, etc.), you can call Luft Insurance Agency today. Our staff can go over different scenarios, so you have the answers. Your business is too important to leave anything to chance.