Is Flood Insurance Necessary for Your Home in Idaho?

Flood Insurance in Idaho

As you may have seen many times, widespread floods have wreaked havoc on communities across the country. Idaho is no different and if you live in a high-risk flood zone, you will need to get insurance. Protecting your home and valuable possessions is important in times of disaster such as flooding. Having adequate flood insurance will ensure that you are protected during a crisis.

At Idaho Select Insurance in Meridian, ID, we have worked with many home and business owners to secure the best policies possible to protect their assets and property. It is better to be prepared before the next big storm hits.

Staying Covered

A private insurer may offer options other than FEMA’s National Flood Insurance Program (NFIP) which is a standard type of flood insurance. Usually, flood insurance is a standalone policy separate from your homeowner’s coverage. Depending on different factors, including the severity of risk where you reside, the cost can vary. Private insurers can offer options through different companies and can tailor a plan that will work for you. Staying covered in Idaho will give you peace of mind if an unforeseen disaster should happen.

Insurance You Can Trust

Contact us at Idaho Select Insurance in Meridian, ID. We work with the best companies to find affordable policies that suit your specific needs. Many people neglect flood insurance until it is too late. It is better to not wait and wind up losing your investments in the event of a disaster. If you are looking for flood insurance or any other type of coverage, don’t hesitate to reach out to one of our agents. We look forward to working with you.

When does someone need to have home insurance in Idaho?

The Meridian, ID area is a very popular community for someone to live in. When you are living here, a great option would be to purchase your home as it provides a number of benefits. If you are going to purchase a home in this area of the state, you should make sure that you get a quality insurance policy. There are several situations when someone here needs to have a home insurance policy. 

When a Loan is Outstanding

One situation when you will need to have a home insurance policy is when you have a loan outstanding against your home. If you have taken out a mortgage, the mortgage lender is going to want you to have insurance to ensure their collateral is protected at all times. The mortgage will have specific mortgage requirements and could require that you escrow payments monthly.

Association Rules

Some people in this area of the state may also have home association guidelines that need to be followed. It is important to review your home association documents to ensure that you are in compliance. Associations normally require you to have this to ensure you can handle any future liability claims and repair your home if it is damaged. 

It is almost always a good idea for someone to have home insurance when they are in Idaho. When you are shopping for a new home insurance policy here, it would be a good idea to consider all of your needs and options. The team at Idaho Select Insurance can help someone do just that. When you work with Idaho Select Insurance to properly insure your Meridian, ID area home, you are going to receive the advice and guidance you need to select the right policy. 

What Homeowners In Meridian Need To Know Before Tornado Season Hits

It’s clear: tornado season is upon us. As a homeowner, you know the importance of protecting yourself against severe weather. As tornadoes begin to roll in this summer, it’s important that you take steps to keep you and your family safe. At Idaho Select Insurance, serving Meridian, ID and surrounding areas, we care about you and your home. Follow these tips to make sure you’re prepped and ready for tornado season. 

– Know your safe spot. Talk with your family about where you’ll shelter in your house when a tornado hits. Prep that area with the things you’ll need while you shelter in place, such as bottled water, nonperishable food items, a flashlight, a cell phone charger, batteries, and baby supplies, if applicable. 

– Practice. If you have young kids, it’s important that they know what to do when a tornado hits. Practice walking down to your safe spot. 

– When severe thunderstorms are coming, know how you’re going to prep your yard. Bring patio furniture inside, pull one of the cars into the garage, and make sure that any lose objects are secured. 

– Think about nearby family members, especially those who are disabled or elderly. It might make sense for mom and dad to stay at your home when severe weather is predicted. 

Of course, all the plans in the world don’t always protect against the unexpected. It’s important that you have a solid home insurance policy to keep you safe during storm season. Call our office, Idaho Select Insurance serving Meridian, ID, to set up a policy that will keep your home safe when tornadoes hit.

Will Renter’s Insurance Protect My Home-Based Business From Theft?

If you currently operate a business out of your home or have thought about opening a home-based business, have you considered what you would do in the event that your inventory or equipment was stolen? Don’t make the error of assuming your homeowner’s insurance policy will provide theft coverage or sufficient coverage of business-related risks.  

Idaho Select Insurance offers a variety of business insurance policies tailored to protect your new Meridian, ID home business against theft, fraud, vandalism, fraud, employee injuries, and liability claims.  Some coverage options include: 

  • Business crime insurance 
  • Liability insurance 
  • Property insurance 
  • Workers’ compensation insurance 
  • Business auto insurance 

Property Coverage and Home Businesses 

Unlike your homeowners insurance, a business insurance policy can provide coverage for your business property and office equipment. Coverage for anything business-related, such as data, computer equipment, machinery, inventory, supplies for your home office is typically excluded from your homeowners insurance policy or covered with a low limit. If a fire destroyed all your inventory or someone broke into your home and stole all your computer equipment, what would you do? Business insurance would provide the financial help you need to get your business back on its feet by covering the cost of replacing your property, and in some cases, replacing your lost income.  

Liability Coverage and Your Home Business 

Small business owners who operate from home are easy targets for lawsuits, and it only takes one lawsuit — even if it is eventually dismissed — for a business owner to face lose their business and assets and face financial ruin. While you can’t an angry client or a disgruntled employee or from taking legal action against you, business liability coverage allows you to protect the business you’ve worked so hard to build. A typical homeowners policy doesn’t cover events that occur while conducting business. If someone is injured on your property or while conducting business with you, their medical expenses could be your responsibility to pay out of pocket. 

What’s The Best Type Of Insurance For My Home-Based Business?

It is critical for home business owners to have the right type of insurance coverage. Some may require a separate commercial insurance policy, while others such as real estate agents, accountants, photographers, handcrafters, consultants, tutors, and music teachers can add a “specified business pursuits” endorsement to their existing homeowner’s policy.   

Are you wondering if your Meridian, ID home-based business qualifies for an endorsement for additional insurance coverage through your homeowner’s policy? Interested in learning more about business insurance coverage? Talk to an Idaho Select Insurance agent today.

Winter Home Safety Tips

Winter is the time for cozy evenings by the fire and increased indoor times in general. Idaho is known for cold winters, and this year is forecasted to be on par. Here are a few safety tips to make sure that you are as safe as possible in your home this winter. At Idaho Select Insurance we want to help you be as safe as possible all year long. We serve people in and around Meridian, ID. 

Stay Safe Indoors This Winter

Many of the winter-related indoor dangers come from the heating of the home. To reduce risks associated with keeping warm the first thing you should do is make sure your chimney flue is clear of debris before you start that first fire. Also, inspect any electrical cords to space heaters. Finally, do not overlook your smoke and carbon monoxide detectors. They should be in working order all year round and fall is a good time to double check before the increased risk of their need due to gas heaters. 

A bathroom is a place in the home where many falls and injuries occur for people of all ages. In the winter months, the risks can increase due to space heaters and electrical outlets. To stay safe check all your cords and plugs at the beginning of the season and periodically. Also, make sure that no electrical heaters or appliances are near any source of water.

An additional measure to improve health in the winter is to be sure to change out your filters in the winter months to make your indoor air quality better. A few houseplants can also help with air quality while perking up those cold months with some color. 

Contact us at Idaho Select Insurance if you are looking to purchase or upgrade your home insurance. We proudly serve Meridian, ID and the surrounding areas with quality insurance coverage. 

What Does Your Home Insurance Policy Not Cover?

You may think that your homeowner’s insurance policy will cover any damage to your home in Meridian, ID, but that’s not the case. If you want certain things covered, you will have to add additional insurance. An agent at Idaho Select Insurance can help.

Your homeowner’s insurance policy won’t cover damage by certain events, like floods, sinkholes, and earthquakes. You will need separate policies for each of these events. Since policies don’t cover floods, it will usually not cover any sort of standing water, whether a storm or a broken pipe causes it.

Termites are not covered by homeowner’s insurance and they can cause a lot of damage to the home.

Certain items in your home may not be covered or cause your home insurance rates to be higher, such as a pool or a trampoline. Certain dog breeds may also not be covered by insurance because they pose too much of a risk. If your dog has previously attacked someone, then they also pose too much of a risk and won’t be covered.

If you are having work done on your house you need to make sure your contractor has liability insurance, and you may want extra coverage since damage due to construction likely won’t be covered.

Many policies will have limits on coverage, especially for very expensive items like jewelry and fine art. For these items to be covered, make sure you have additional terms in your policy.

If you are keeping cash in your home, you may not be able to prove that the cash is in your home if it’s stolen, so your policy likely won’t cover it.

Some home insurance will cover mold, but this can be tricky. It depends on how the mold was caused to see if it is covered.

Contact Idaho Select Insurance serving Meridian, ID to get a homeowner’s insurance policy quote.

Can Home Renovations Alter Your Insurance Coverage?

Major home renovations can have an effect on your homeowner’s insurance coverage. Before renovating your property this summer, talk to your Idaho Select Insurance agent to see how a project may affect your policy. Here are a few ways in which renovations can alter your coverage.

Add to Your Home’s Value

Major home renovations such as replacing your roof, adding a new patio or remodeling your kitchen could substantially increase your home’s value. If so, you’ll need to update your policy to reflect your new property value. This could result in an increase in your insurance premium.

Failure to update your policy leaves your renovations unprotected. If your home suffers damage from fire, flood, storm or other catastrophe, you could suffer financial loss by having to cover the repair or replacement costs of these investments on your own. 

Require an Increase in Liability Coverage

If you’re remodeling on your own or with the help of friends, you may need to increase your liability coverage for added protection against accidents. If anyone gets injured while helping to renovate your home, your liability insurance will cover their medical care.    

Lower Insurance Premium

Renovation projects that make your Meridian, ID home a safer place to live such as plumbing or electrical upgrades may qualify you for a discount on your home insurance due to reduced risk of water damage and fire. A new security system will give you better protection against theft, vandalism and intrusion, increasing the safety of your family and goods. Your Idaho Select Insurance agent can help determine if such renovations make you eligible for discounts on your insurance premium.

Making improvements to your Meridian, ID home will make a more comfortable and pleasing place to live. Adding these renovations to your insurance policy gives them the protection they need.

Giving Your Home that Lived-in Look

If you leave your home in Meridian, ID for a long weekend or vacation, you want to give it that lived-in look. This is an excellent way to deter burglars. They generally target homes that are empty because it minimizes the chances of getting caught. Idaho Select Insurance offers the following tips for achieving that look.

  • Ask a neighbor to park his car in the driveway. A vehicle by the house instantly communicates that someone is at home. It also clears his driveway for parking by his visitors.

  • Hold the mail and any newspaper subscriptions. An overstuffed mailbox or a pile of newspapers by your front entry tells criminals that nobody is home. Ask your neighbor to check for and remove any fliers or brochures that have been placed by your door and to pick up any packages left by UPS, FedEx, or other delivery services.

  • Add timers inside your home. They can give the appearance of someone being at home by turning lights off and on randomly at around the same time each day. Plug-in versions offer the greatest convenience since you only have to push them in an outlet and plug a light into them. However, switch replacements may be more convenient because they work on the main lights of the home, such as in the kitchen and bath, and double as ordinary light controllers.

  • Hire a service to take care of your yard. If you’re going to be gone for a week or more, hire a professional service to mow your lawn or remove snow. They won’t even have to know that you’re leaving as long as you pay them regularly or in advance.

Despite these precautions, burglars may still break into your home. Make sure you have enough insurance to cover any stolen valuables by contacting Idaho Select Insurance.

Are Foundation Damage Repairs Covered By Home Insurance?

Meridian, ID homes require foundations to protect them from sinking into the ground. Unfortunately, damage to foundations can be expensive to repair, but we at Idaho Select Insurance can help you understand how insurance can protect you from this investment.

Coverage Can Be Tricky

Foundation damage that occurs over time – such as general wear and tear – is not covered by home insurance because that is considered a maintenance problem. This is true even if your home suffers from foundation repair in spite of maintenance procedures.

Home insurance will kick in when your foundation is damaged by floods or earthquakes, but you’ll need separately polices individual to these disasters. Failure to have these policies will make the damage to your foundation a problem you’re liable to pay to repair.

The Use Of Endorsements Can Help

Endorsements can be added to your policy to help protect your foundation against specific perils that may impact its structure. These endorsements cost a little more to add to your policy but are the most effective way to protect your foundation when it needs repairs.

For example, endorsements could cover you if sewer problems impact your foundation and cause damage to it. However, this is only true if your endorsement specifically covers the peril that affects your foundation. As a result, multiple endorsements are likely to be necessary.

Earth Movement And Ground Cover Collapse Coverage Are Possible

Other specific types of coverage you can purchase include earth movement and ground cover collapse coverage. These policies cover foundation damage caused by the earth and soil around the foundation moving suddenly without your influence, such as the occurrence of sinkholes. While these additions will add money to your policy, they are worth it for their protective power.

If your Meridian, ID needs protection against foundation damage, please contact Idaho Select Insurance. We can help you manage your claim and protect you from serious home damage.

What Home Insurance Can do For You

Home insurance is something that many people never really think about but it is something that can really make a huge difference in the overall quality of your life and the security of your home. For those that do have home insurance, you might think that it only takes care of your home but it actually does so much for. For those in the Meridian, ID area, the agents with Idaho Select Insurance can help you find out more.

Home insurance helps you rebuild or repair in the event of damage to your home. This means that if your home is damaged by fire, wind, snow, ice, or more, your home insurance can help you rebuild your life and get back to your normal day to day. Home insurance can also help keep you legal and keep you in line with federal and state regulations.

Home insurance can protect your assets and can help you replace items that are stolen or destroyed in the event of an accident or disaster, and home insurance can also give you peace of mind. Home insurance is something that is essential, not only in order to be safe and legal, but also to help you sleep better at night knowing that if your home was destroyed, you are not going to be out on the street or held liable for the complete recovery on your own.

Your home insurance can keep you from being sued for the medical costs of someone injured on your property, can help cover the cost of home repairs, and so much more. For those in the Meridian, ID area, the agents with Idaho Select Insurance can walk you through the insurance options that are before you and can help you determine what policy and what type of insurance is right for you.