Affiliated Insurance Agencies of WI Blog

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

Posted by on in Homeowners/Renters Insurance

The hospitality business is all about patrons having a good time. Most business owners are vigilant about preventing verbal and physical altercations. But sometimes a situation may escalate leaving your business vulnerable to an Assault and Battery liability claim.

Continue reading
Hits: 4018 0 Comments
0

Posted by on in Homeowners/Renters Insurance

Email is commonplace in the business world, with over 108 billion emails sent and received per day. The fact that emails are circulating in big numbers makes them a good target for scammers. We all need to be careful when opening emails.

Continue reading
Hits: 2748 0 Comments
0

Posted by on in Homeowners/Renters Insurance

Mirror, mirror on the wall,
How do we prevent a fall?
Clean floors can help with that,
And don’t forget the floor mat!

The average person walks over 8,000 steps a day. All it takes is one slip and fall and your life could be changed in an instant. According to the National Floor Safety Institute (NFSI): “Falls account for over 8 million hospital emergency room visits, representing the leading cause of visits (21.3%). Slips and falls account for over 1 million visits, or 12% of the total falls.” What can we do as employers to protect our employees and customers from slips and falls? One of the best places to start is with a proper floor mat program.

Continue reading
Hits: 3232 0 Comments
0

Posted by on in Homeowners/Renters Insurance

A service of Affiliated Insurance Agencies of WI, LLC and the Professional Insurance Agents of Wisconsin

Homeowners and renters alike benefit from keeping an up-to-date list of their property's inventory. Insureds should create and then periodically update such a list to protect themselves in the event of a loss. Having an updated inventory list is essential to ensuring that you carry a sufficient amount of homeowners' or renters' insurance coverage. It can also make a difference in how efficiently your claim is processed in the event of a loss.

One factor that varies widely by policy is how much of what an insured currently owns will be reimbursed. If you aren't sure what your policy covers, contact your insurance agent. Additionally, the property of college students living outside their parents' home in off-campus housing is often not covered on a homeowners' policy, so consumers should consult with their agents about whether they need renters' insurance to cover their collegiate children's belongings.

Some essential items to include in a home inventory are electronics, like computers, laptops, tablets, e-readers, smartphones, and televisions; clothing and accessories; housewares and other home appliances, including kitchen appliances and sporting and other hobby-related equipment; and other valuables (jewelry, art work, collectibles, etc.), some of which may require an addition (known as a "rider" or "floater") to a standard policy. A home inventory list is also a good way to keep a record of important documents, including birth certificates, passports, social security cards, etc. Keep track of account numbers and any other information you may need in the event of an emergency.

Many technology-based resources now exist to ease the burden of this vital task. Thanks to smartphones, it's easier than ever to narrate a video and/or take still photos of the interior of your home to accompany your inventory list. Once the list has been created, it should be updated regularly, and updating it should take less time than creating it did. Here are a few of the resources that exist to help you create a home inventory of your own:

National Association of Insurance Commissioners (NAIC)'s app – This free smartphone app is available for Android and iPhone devices and enables consumers to make lists of their valuables, update said lists, and provide easy access to lists after a disaster. Using the app, consumers can store photographs/videos, descriptions, bar codes, and serial numbers of their valuables, and all the information can be organized by room. For people who don't use smartphones, the NAIC also offers a downloadable checklist that can be used to create a home inventory list. Both can be found at http://home.insureuonline.org.

Insurance Information Institute's (III) Inventory app – This free smartphone app is available for Android and iPhone devices and enables consumers to add rooms, items, and photos or videos. It also synchronizes with Web-based software and can therefore be used anywhere via smartphone or computer. For people who don't use smartphones, the III also offers a printable list, which is sorted by room and is a good way to start thinking about what needs to be inventoried, whether you use this list alone or in conjunction with one of the many available home inventory apps. The printable list can be found at http://www.knowyourstuff.org.

Affiliated Insurance Agencies of WI LLC is a member of the Professional Insurance Agents of Wisconsin

Continue reading
Tagged in: Home Insurance
Hits: 1919 0 Comments
0

Posted by on in Homeowners/Renters Insurance

There are complicated issues and potential gaps in coverage when dealing with leases. Do you know that a lease may require the tenant to provide insurance for the landlord’s building, contents, betterments and improvements if necessary? Consider these examples where the lease requires the tenant to be responsible for the building items:

  • During an extremely cold stretch of winter weather, the water pipes in an uninsulated part of your kitchen freeze and burst. There is damage to floors and equipment that the tenant did not purchase, but their lease requires them to repair/replace in the event of loss or damage. The standard businessowners policy only covers contents the tenant owns, like tables, chairs, and inventory – there is a gap in this scenario. Is there coverage to protect a tenant’s responsibility?
  • Watch another example here:

Society’s TBP-18 endorsement is designed to fill the the gap by providing additional coverage to protect a tenant’s responsibility for property of the landlord. This form allows coverage for property that the landlord owns, but for which the tenant is responsible due to the lease agreement.

Continue reading
Hits: 1896 0 Comments
0

Business Hours

Monday-Friday: 8am to 4:30pm

(608)273-3361
Fax: (608)441-8787

Email Us

Our Office Locations

    • Atwood Ave

      3830 Atwood Ave
      Madison, WI 53714