Anyone who lives in the state of Alabama likely knows that owning a home has been a great investment over the past decade. As many people have enjoyed property appreciation, they likely also enjoy having a consistent place to call home. Along with purchasing a home, you also need to get the proper insurance for it. There are various reasons why you need to have a home insurance plan when buying a property here.
Cover Your Asset
A primary reason to have insurance for your home is so you can cover your assets. Your property is likely one of the most significant investments that will ever be made. Because of this, you need to do all that you can to protect it. Home insurance is a great way this can be done as it will give coverage against many different risks, including if your property is damaged by a fire or other risk.
Meet Obligations for Insurance
A property owner in the state also likely has taken out a mortgage when they purchased a home. If you do purchase a property and use a mortgage, you will need to meet any standards that are set by your lender. For many property owners, this includes having a full home insurance plan at all times and likely having payments escrowed each month.
We Are Here To Help
Getting insurance for your property in Alabama is extremely important. When you are looking for a new plan here, you should call our team of professionals at The Mitchell Agency LLC. When you work with our team at The Mitchell Agency LLC, you will learn all that you need about home insurance including the benefits and coverage options. Based on this guidance, you will be able to build a plan that properly meets your needs.
Wind coverage insurance is a vital component of your homeowners’ insurance policy, especially if you live in an area prone to wind-related risks. To help you better understand this coverage, The Mitchell Agency LLC in Alabama has compiled a list of frequently asked questions about wind coverage insurance.
What Does Wind Coverage Insurance Include?
Wind coverage insurance typically covers damage caused by strong winds, tornadoes, and hurricanes. It can include repairs to your home’s structure, as well as coverage for personal belongings and additional living expenses if you need to temporarily relocate due to wind-related damage.
Is Wind Coverage Insurance the Same as Flood Insurance?
No, wind coverage insurance and flood insurance are not the same. Wind coverage insurance primarily deals with damage caused by wind, including wind-driven rain. Flood insurance, on the other hand, covers damage from rising water, whether it’s due to heavy rainfall, storm surges, or other water-related events. It’s essential to consider both types of coverage if you live in a hurricane-prone area.
Do I Need Wind Coverage Insurance?
The need for wind coverage insurance largely depends on where you live. If you reside in an area with a high risk of wind-related damage, such as coastal regions, it’s highly advisable to have wind coverage insurance. However, even in areas with lower risk, it can still be a valuable addition to your homeowners’ policy for added peace of mind.
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Understanding wind coverage insurance is essential for protecting your home and personal belongings in the event of wind-related damage. It’s crucial to know what this insurance includes, how it differs from flood insurance, and whether it’s necessary based on your location. If you have any other questions about wind coverage insurance, call The Mitchell Agency LLC in Alabama.
The Mitchell Agency LLC believes that your small business is unique. Your business doesn’t have the same needs as other Alabama businesses, and that should be reflected in your insurance policies. We can help you assess your risks so you have the coverage you need without purchasing coverage you don’t need.
Business Owners Policy (BOP)
Many small businesses choose to use a BOP as a way to save money and streamline their insurance procedures. A BOP usually has general liability insurance, commercial property insurance, and business income and extra expense (BIEE) coverage. BIEE coverage will protect you if your business is temporarily closed because of a covered loss, such as damage from a fire.
If you do not have BIEE coverage, you can purchase a temporary business closure policy separately.
Why Do You Need Temporary Business Closure Protection?
When your business is closed, you can’t make any money, but you usually have the same expenses and bills. You still have to pay for your property, your utilities, and even your insurance. If you have employees, you need to keep paying them even when you aren’t getting paid yourself.
Your temporary business closure coverage will help to compensate you for your lost income. You will need to be able to document how much money you should be making during the closure. Talk to your agent when you purchase your policy about how to document that.
Reach Out To Us
Protect your small Alabama business. You don’t want to suffer a major setback over something you can protect yourself from. If you would like to talk about business interruption insurance, or if you have any other questions about your commercial insurance, please call The Mitchell Agency LLC today.
If you ever have to file a claim for the loss of content in your home, you will be very grateful that you have taken the time to make and store a home inventory. At The Mitchell Agency LLC in Alabama, we are here to support our customers from the first day. As independent insurance agents, we work for our customers, not the insurance companies, and we make sure we do what is best for you.
Making and storing a home inventory
Grab your pen, pad, camera, or phone, and decide which room you would like to start your inventory in. Start writing down everything that you see in as much detail as you can. You should include the brand, model, and serial number if that makes sense to what you are adding. For example, don’t just say one chair. Say one La-Z-Boy, recliner, blue with wings. Not just a Chromebook, say an Acer Chromebook 314. The more details, the better.
Open every drawer, every closet, every cupboard, and every dresser. Include the number of items, for example in the linen closet, 12 Cannon towels, 2 sets of Queen-sized Ralph Lauren sheets, etc. This takes more time, but it is worth the effort. Go through the house room by room and don’t forget the basement and the attic. Take pictures of every room from several angles paying attention to include the most expensive items. Attach any invoices or appraisals you have for any of the items.
When the inventory is complete, you need to decide where to store it. It needs to be a safe place where it will survive if your home is destroyed. Having it in a safe deposit box away from your home is a good idea and have a copy on the cloud for ways access.
Consult With Us
Contact The Mitchell Agency LLC in Alabama for all your home insurance needs.
Whether you’re selling handmade creations online or you’re running a small catering business out of your kitchen, it’s important that you protect your hard work. In many cases, commercial insurance for home-based businesses makes sense. At The Mitchell Agency LLC in Alabama, our team is here to help you rest assured that your home business is safely insured.
Does Homeowner’s Insurance Cover Home-Based Businesses?
The short answer: not usually.
The longer answer: typically, home insurance does not cover home-based businesses, meaning that it’s smart to take out a commercial insurance policy to protect your business.
Consider Your Insurance Needs
It’s smart to consider the type of equipment that you need to run your business when working to figure out how much coverage you’ll need. You’ll also want to consider the level of liability coverage you’ll need, especially if you’re in a line of work where there’s a potential for client injury. If you have employees, it’s also important to ensure that you have coverage for workers’ compensation insurance. If you don’t have employees, you may want to consider purchasing disability insurance for yourself, which can help if you become seriously ill or deal with a severe injury.
We Can Help!
You need to protect your home business, and we’re here to help. At The Mitchell Agency LLC in Alabama, we’re here to work with you to provide you with the coverage that you need. Whether you’re a solo operation or you’re working out of your home with a small team, we’ve got you covered. Reach out to us today to learn more about our commercial insurance policies.
The 4th of July is nearly here, and unfortunately, many house fires happen during the week of this holiday. Here at The Mitchell Agency LLC, serving the states of Alabama and Georgia, we want to help you minimize the chances of a firework starting a fire near or on your home.
Ways you can protect your home from damage during fireworks:
Clean Your Gutters
One of the ways that you can protect your home from damage during the 4th of July is to clean your gutters. Fireworks and ashes can land in your gutters, and if there is debris in the gutter, a fire can start. Cleaning your gutters is important to the flow of water through the trough, so completing this task has many benefits in addition to protecting your home from firework damage.
Attend to Your Landscaping
Another way to protect your home from damage during the 4th of July is to attend to your landscaping. Trim back overgrown trees, remove dead growth from shrubs and bushes, and mow your yard. Dead growth and overgrowth are more likely to catch fire, so by eliminating this, you reduce your risk of a fire.
Spray Down Your Roof and Mulch
Lastly, take the time to spray down your roof and your mulch prior to the evening. Your roof and mulch retain moisture, which can help prevent them from catching fire if sparks, fireworks, or ash land on them.
We Are Here To Help
Unfortunately, despite your best efforts, you cannot prevent all types of damage from happening with fireworks during the 4th of July. This is why it is so important to have the right home insurance coverage and the right coverage levels. Here at The Mitchell Agency LLC, serving Alabama and Georgia homeowners, we can help you get the coverage you need. Call us now to get started.
There are many types of insurance products that you may be familiar with, including auto insurance and home insurance. But, here at The Mitchell Agency LLC, serving the state of Alabama, we have also learned that there are many types of insurance products that customers are not familiar with. One of these products is wind insurance. Read on to learn more about wind coverage insurance and when it may be beneficial for you.
What Is Wind Coverage Insurance?
Wind coverage insurance is a type of insurance that provides protection against damages caused by windstorms, such as tornadoes, hurricanes, and severe thunderstorms. This type of coverage is not always included in standard home insurance policies, or it may have limitations or exclusions depending on the specifics of the policy. If your policy does not protect against windstorms or there are exclusions related to wind storms, wind coverage insurance may be right for you.
When May Wind Coverage Insurance Be Beneficial to You?
Wind coverage insurance may be beneficial in areas that are prone to high winds and severe weather, as it can help cover the cost of repairs or rebuilding in the event of damage. Without proper wind coverage, homeowners may be left with costly repairs or replacement costs, which can be financially devastating.
Reach Out To Us!
Wind coverage insurance may be right for many homeowners who live in Alabama. If you are wondering if wind coverage insurance is right for you, it is important to review your current home insurance policy and find out what is covered and what is excluded. From there, you can determine if this type of insurance is ideal for you.
Here at The Mitchell Agency LLC, we would love to help review your current home insurance policy and help you determine if wind coverage insurance is ideal for you. Reach out to us today to learn more.
Owning a home-based business has become more popular than ever. It allows more flexibility, and you don’t have to own or rent a location for your business. It does require unique commercial insurance, however, to make sure that your home and your business are both protected. At The Mitchell Agency LLC in Alabama, we are here to help with any questions and commercial insurance needs you have.
Why Commercial Insurance?
Your home itself will be covered by your home insurance. That remains the same. What is different is your content insurance. Your home content insurance covers your personal property, but it won’t cover most of your business property. To make sure that all the property related to your business is covered, you need to have commercial property insurance. It will cover all the things that you use to do business including inventory, raw materials, tools, machines, office equipment, and more.
Your home liability coverage protects you from friends and relatives that visit your home and may get injured, but it will not cover anyone who visits your business in your home. For that, you need to have commercial liability insurance. This will help your business if someone gets injured by a product or service you provide or while doing business with you at your home.
Commercial auto insurance
If you use a vehicle for your business, it is important that you have commercial auto insurance. Your personal auto insurance does not cover the business use of your vehicle. If you have an accident, you will be left to pay any damages if you don’t have the right auto insurance.
Reach Out To Us
Contact The Mitchell Agency LLC in Alabama to discuss the insurance needs of your home-based business. We are an independent insurance agency, and we work for you, our customers.
Here at The Mitchell Agency LLC, we help homeowners in Alabama and Georgia get the home insurance protection that they need. Unfortunately, we have seen many people make mistakes when it comes to purchasing insurance, and we want to help individuals avoid those mistakes.
Here are the three common mistakes that you should be careful to avoid when buying home insurance:
Underinsuring Your Home and Possessions
One of the most common mistakes that individuals make when purchasing a home insurance policy is underinsuring their home or possessions. A professional can help you determine how much your policy should initially be set for. From there, you should regularly review your policy and update it as the value of your home increases or the value of your possessions changes.
Not Realizing What Is Not Covered
Another common mistake that homeowners make when purchasing home insurance is failing to realize what is excluded from the policy. Items such as earthquakes and flooding due to heavy rain are usually excluded from your policy. Purchasing a separate policy or an add-on policy to cover these events is a must.
Not Understanding Common Home Insurance Terms
The last common mistake that individuals make is not fully understanding what common home insurance terms mean, and as such, they purchase a home insurance policy that does not fully meet their needs. If you do not understand a term, research it or ask an agent for help to ensure you fully understand what your policy covers and provides.
Don’t Be Without Home Insurance
Knowing that your home and belongings are protected from common perils can take a weight off of your shoulders. Here at The Mitchell Agency LLC, serving residents of Alabama and Georgia, we would love to help answer any questions you may have about home insurance and help you find the best policy for your needs. Get in touch with us now to get started.
Understanding the different types of insurance coverage you need is crucial to your insurance choices. At The Mitchell Agency LLC, we want to help homeowners in Alabama and Georgia make solid insurance decisions.
What Is Wind Coverage?
Wind coverage, also sometimes called windstorm coverage, is often included in most homeowners’ policies. This is the type of protection that can help to pay for repairs or replacement of your home when there is damage resulting from the wind.
Does Wind Coverage Include Hurricanes?
Hurricane insurance is a special type of insurance coverage that is usually not included in homeowners’ policies. You will need to talk with an insurance representative concerning hurricane insurance if you live in an area that is prone to hurricane risks.
What Does Wind Coverage Include?
This type of insurance will provide compensation for the repair or restoration of your home and items on your property that are damaged or lost during a weather event. You should note that there are specific qualifying criteria for weather events in order for the insurance to kick in. You need to discuss these qualifying factors in depth with your insurance representative to ensure that you are well aware of how this type of coverage works.
What Types of Windstorms Are There?
There are many different types of windstorms that can cause damage to your property. These include:
- Straight line winds
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You should keep in mind that wind damage may or may not be accompanied by rain and flooding. Flood insurance is usually a separate type of insurance coverage. If you are interested in learning about flood insurance, you should contact an insurance representative.
If you would like to learn more about our insurance services, please contact us at The Mitchell Agency LLC, serving Georgia and Alabama.