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Preparing for the Future

Preparing for the Future 4.50/5 (90.00%) 2 votes

During an interview done recently with Kenneth Jeanes from Boardwalk Insurance Group he pointed out the importance of credit when it comes to buying homes and insurance. This is something which many students should pay attention to. Many students that are currently graduating from college are getting great jobs all around the nation and looking to purchase their first homes. Whether it be a house in Houston or a condo in New York, the things that bank will first look for are your credit, and the amount you can put up front for a down payment. “I do not think most people realize there is now a credit score for your insurance,” is one of the things he stated during the interview. You can read the whole interview with Kenneth Jeanes here.

A down payment is something that people are able to find, either through savings, friends or family. Unfortunately if credit is not as good as it should be, it can be a problem purchasing your home and getting insurance later due to how to rates may differ as pointed out by Mr. Jeanes “As with a lot of other things in life, your credit can help or hurt you getting the best insurance rate.”

Sometimes, due to the high amount of student loans, and credit card debt that some colleges students rack up, it can be difficult to handle finances properly while maintaining a good credit score. However, it is important for students to realize how crucial it is to keep their credit scores well taken care of. Not only does credit score affect buying a house or a car, but now it also affects whether or not the person can be qualified for certain types of insurance. For example, if a person has a small down payment, but great credit, then the person can get lower interest rates which would result in long term savings. Whereas a person may have a large down payment, but bad credit and end up paying high interest rates which would cost them greatly in the long run. A person with a good down payment and good credit, can benefit with low overall payments and long term savings.

There are quite a few ways to keep your credit score high, to ensure you don’t have problems even before you buy a house. For example, when you lease an apartment in college, your electric company at times will run your credit. So if you are able to make all of your utility and rent payments, you will gain good points on your credit score. Also for students that like to shop or those that drive a lot. A credit card can be made and used just for gas and bills, or one can be made with different clothing companies such as Macy’s and Express. This limits where the students use their credit cards so they can manage their finances and keep their balances low.

As advised by Kenneth Jeanes from Boardwalk Insurance Group, insurance companies do at times check credit. So even later when a student gets their great salary and wants to buy that exotic car, exotic car insurance rates will depend greatly on peoples credit score. Since exotic car insurance is of a higher quality insurance companies need to know your credit standing. So whether it by exotic car insurance or a home purchase, remember that good credit can go a long way.

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Boardwalk Insurance Has Homeowner’s Insurance 4.33/5 (86.67%) 6 votes

Purchasing and owning a home is considered a milestone achievement in everyone’s life.  The amount of investment involved in purchasing and maintaining a home makes protecting it from loss an expensive proposition.  Thankfully, homeowners insurance can be taken out on your property, giving you peace of mind that you are protected from many types of loss and will be able to recover.

Homeowners insurance is a broad type of insurance that covers pretty much any type of dwelling where a person lives.  There are many different options providing protection from varying types of hazards.  The cost of homeowners insurance is determined by the value of the property, the type of coverage, and any additional riders, or insured property, attached to the homeowners insurance.  There are other factors, mostly relating to how likely damage appears possible.  If your home is closer to a fire station or has hurricane shutters in a hurricane prone area, the cost of getting homeowners insurance decreases.

Unless you plan on buying your house outright, you will need to take out a mortgage.  Mortgage lenders always require homeowners insurance, so even if you were trying to get around getting homeowners insurance, you will need it until your home is paid off.  Which type of homeowners insurance is taken out is up to the new homeowner and can be adapted to many different situations.  Basic homeowners insurance provides coverage from 11 perils that are specifically listed in the homeowners insurance policy.  The perils are pretty basic, however they are common sources of damage and include fire, wind and hail damage, vandalism, theft, and other causes of damage.  A broader version of homeowners insurance adds an additional 6 perils to the original 11.  Like basic homeowners insurance, this expanded homeowners insurance only protects from listed perils.  The broadest forms of homeowners insurance name excluded perils instead of protected perils.  These homeowners insurance policies are the most comprehensive and most expensive due to the broad range of coverage.

For those that rent property instead of own, there is a form of tenant homeowners insurance that protects personal property with the same amount of coverage as regular homeowners insurance, however it does not need the structural coverage, which should be covered by the building’s owner.  Similar to tenant homeowners insurance, condominium homeowners insurance has reduced coverage for the structure but protects the personal property inside like regular homeowners insurance.  The last “special case” homeowners insurance available is called “Modified Coverage” homeowners insurance.  This type of homeowners insurance is for properties where the replacement value exceeds the market value.  This is great for unique properties that are custom designed with one of-a-kind fixtures or older properties where some of the structural features are no longer available or cost prohibitive to produce.

Homeowners insurance is extremely important to protect your property.  However, many insurance providers offer homeowners insurance, and finding the best one for you and your property can take a lot of time and effort.  Partnering with an independent insurance agency allows you to sit back while your agent does the shopping for you.  Through their affiliated insurance providers, independent insurance agencies have the ability to shop around for the best homeowners insurance for you and your property.


Boardwalk Has Information on Homeowners Insurance 4.75/5 (95.00%) 4 votes

Homes are important investments that can open the door to many other possibilities.  The purchase and ownership of a home allows you to use it as collateral for loans and is generally regarded as a major milestone in one’s life.  Homeowners insurance is the best way to protect such an important property and ensure you are not left in the cold in the event of an unforeseen disaster.

Homeowners insurance has about as many different options as there are different types of properties.  They come in several broad types of policies, ranging from a very basic, minimum coverage homeowners insurance policy to special homeowners insurance policies for older homes and rental properties.  Just as each home has its own unique features, each homeowners insurance policy must be tailor fit to the property it is protecting.

To help sort through the details, this blog will overview the major types of homeowners insurance policies.  Having some information is important when it comes to looking for the best homeowners insurance policy for your property so the insurance agent can build the most cost effective homeowners insurance policy and make sure the policy covers all the hazards that the homeowner wants.  The basic homeowners insurance policy, the HO1 policy, covers only a limited number of listed hazards specifically listed in the homeowners insurance policy.  However, it is generally the cheapest type of homeowners insurance where the home belongs to the policy holder (the exception being renter’s insurance, or HO4 insurance).  The basic homeowners insurance policy can have specific hazards covered through additional add-on policies, such as flood insurance (flood insurance is rarely included in homeowners insurance) to provide additional protection.  An expanded form of homeowners insurance is the HO2 policy, which adds on several more hazards that are covered, however like the HO1 homeowners insurance policy, only the named hazards are the ones that the policy will protect against.

The HO3 homeowners insurance policy is typically the most comprehensive form of homeowners insurance applied to single family homes.  While covered hazards are still named in the homeowners insurance policy, the list is very long, protecting from nearly every potential hazard that is not covered in a special insurance policy (such as earthquakes and floods).  For property owners, the HO5 is the next homeowners insurance policy, and instead of naming covered hazards, names excluded hazards.  Basically, if the cause of the damage is not listed in the homeowners insurance policy, it is covered by the homeowners insurance policy.

The basic homeowners insurance policies can afford varying degrees of protection for varying costs.  Other special types of homeowners insurance policies can also be adapted to special situations, such as renters insurance, condominium insurance, or insurance for older homes, where the replacement cost exceeds the property value.  Sorting through all these homeowners insurance options can be a difficult task, however an independent insurance agency can use its connections with many different insurance providers to do the shopping for you.

Protect Your Property With Boardwalk Insurance 4.42/5 (88.33%) 12 votes

The roof over your head is something that should never be taken for granted.  While it is a shelter, it has many more functions that you do not think about on a daily basis.  That is why protection in the form of homeowner’s insurance is so important, so when disaster strikes, you are not left out in the cold.

Homeowner’s insurance is the best way to protect your home and property from disasters that may befall it.  Not only to most homeowner’s insurance policies cover the structure itself, it also covers the property inside, as well as gives the homeowner liability insurance from accidents that might happen in the home or on the property.  There are many types of homeowner’s insurance policies to fit many situations and protect from many hazards, depending on how much you want your coverage to be.  In addition, the cost of a homeowner’s insurance policy is related to the home and the value of the contents inside you want insured.

The basic homeowner’s insurance policy is called the HO1, and lists 11 hazards or perils that it protects from.  Nearly every time, to get a mortgage on a home, some form of homeowner’s insurance might be required.  While doing without homeowner’s insurance in general is not recommended, for the term of the loan, the HO1 homeowner’s insurance policy will provide enough coverage.  The basic hazards included on the HO1 homeowner’s insurance policy typically include fire, lighting, windstorm, hail, vandalism, theft, damage from vehicles, civil commotion, glass breakage, volcanoes, and personal liability.  To expand what perils are covered for a minimum rate, the HO2 homeowner’s insurance policy can be used.  The HO2 homeowner’s insurance policy provides coverage on an additional 6 hazards, including falling objects, damage due to the weight of ice, snow, or sleet, water damage (not from a flood though), sudden and accidental structural failure (though not collapse), freezing, and sudden and accidental damage from an electrical current.

The HO3 homeowner’s insurance policy is one of the most common policies taken out.  In an HO3 homeowner’s insurance policy, named hazards are actually exclusions, so if something happens to your property, you are covered unless it is one of the listed exclusions.  However, in an HO3 homeowner’s insurance policy personal property is only covered under the hazards in an HO2 policy.  HO5 homeowner’s insurance policies are just upgraded HO3 homeowner’s insurance policies, affording an even greater level of protection.

The HO1, HO2, HO3, and HO5 homeowner’s insurance policies are the most common policies that most homeowners would look at for their property, however there are several policy types for special properties, such as renter’s insurance, condominium insurance, and old home insurance.

Protecting Your Home With Homeowner’s Insurance 4.73/5 (94.55%) 11 votes

Homeowner’s insurance protects what is generally regarded as the most important investment a person or family makes.  In fact, most mortgage lenders require a homeowner’s insurance policy to be purchased as a condition of the loan itself.  Homeowner’s insurance comes in several different types of policies and can cover a wide variety of perils, so it is imperative that insurance shoppers do a little research before searching for a new homeowner’s insurance policy.

The wide variety of homeowner’s insurance policies stems from the wide variety of home use.  Homes that are rented or owned but unoccupied by the named insured parties have their own policies that still fall under homeowner’s insurance, but cover different conditions at the home, such as tenants.  In addition, special properties, such as condominiums and older, historic homes, have special homeowner’s insurance policies.  For many homeowner’s insurance policies, some perils, such as flood and earthquakes, are often excluded and require their own insurance policy.

The types of homeowner’s insurance policies are generally noted as HO followed by a number (ex. HO1) and with the increase in number, generally the increase in coverage.  Basic coverage protects against 11 perils, while the upgraded Broad Form Homeowner Policy covers an additional six.  Both policies name the specific perils they cover, while the HO3 Special Form Homeowner Policy names the specific perils they do not cover.  The Premier Homeowner Policy (HO5) is essentially a beefed up HO3.  Renter’s insurance covers the house and contents from damage even though the policy holder does not own the property, protecting them from the cost of replacing the house and contents if damaged.  Condominium policies are for condominium owners, and are generally for properties that are occupied part-time by the property owner.  For homes where the replacement cost exceeds the market value, generally on older homes, there is an Older Houses homeowner’s insurance policy available.

The makeup of the homeowner’s insurance policy includes five types of coverages and the exclusions.  These five types of coverages include dwelling, other structures, personal property, loss of use, and additional coverages that vary depending on the particular policy.  The dwelling section of the homeowner’s insurance policy covers the actual property being lived in.  Renter’s insurance generally does not have the Dwelling coverage since it is not owned by the policy holder.  The other structures coverage includes other structures on the property not used for business, such as storage sheds or free standing buildings.  Homeowner’s insurance also has personal property coverage for the contents of the property.  Loss of use coverage is for additional living expenses, such as rental expenses, incurred while the property is not able to be used.  Additional homeowner’s insurance coverages are for other expenses and can vary widely, however these depend on the homeowner’s insurance policy.



Cheap Homeowners Insurance

Cheap Homeowners Insurance 4.33/5 (86.67%) 3 votes

These days, everyone is looking to save money where they can.  While there are expenses which can be completely cut out, things such as your mortgage or rent, insurance coverage, grocery and more are required no matter what your financial situation is.  It may seem like there is nothing you can do about these expenses, but you may be surprised.

For example, many insurance companies have raised their rates over the last several months.  You may have become victim to this upon seeing your renewal quotes.  However, what your company and agent may not tell you is that there are several companies which have also lowered their rates.

Whether your homeowners insurance premium has increased or remained about the same, you owe it to yourself to shop around to see if there are opportunities to keep some of your hard-earned money in your pocket.  Insurance agents, like those who work at Boardwalk Insurance, will gladly prepare quotes for you to review at no charge with several companies.

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Boardwalk Insurance Group

Boardwalk Insurance Group 4.00/5 (80.00%) 3 votes

Welcome to Boardwalk Insurance Group, a rapidly growing independent insurance agency system in our great nation.

Whether you are a consumer looking to inquire or purchase one or more of our amazing insurance products or if you are an insurance professional looking to take your career to the next level, you will find what you are looking for here.

Our customers are our top priority and for that reason, we strive to provide excellent service, fantastic rates, flexible terms and credible insurance companies. So if you’re looking for auto insurance, home insurance, commercial insurance, life insurance or health insurance, consider your search over! Do you think you’re ready to experience the Boardwalk difference? If so, your next step is to contact us. For your convenience, we have six ways in which we can be reached so feel free to use whatever suits you from the options below:

  • Complete the appropriate online quote form
  • Call us toll free at 1.866.595.4077 and get connected with the office nearest you
  • Email us with your request
  • Click on the “Live Chat” button to be connected to an agent now
  • Fax in your request to 1.888.880.6393
  • Go to the Contact Us page and complete the appropriate form

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