Do you know if you are adequately covered for liability insurance if you have a small business? If you are not sure, visit your local insurance agent and ask about umbrella coverage. We put together a video here to show you what an umbrella policy can do for you.

We have a great video here from howcast.com that shows you tips and tricks on what to think about when shopping for homeowners insurance. Enjoy!

If you have a business, whether small, medium or large, it would be beneficial to get a review of your current coverages on it. A business has dramatic upticks and downturns in its life and liability coverage should reflect what is properly covered.

For example, when there is a down year, a retail concern may carry lower inventory, therefore a lower risk of loss of wholesale product. You should reduce inventory coverage immediately, if you know that your down trend is going to hold for at least several months. If not, you are over insured for the amount of goods on hand.

If you physically relocate to another area for your business, know that there could be a drastic savings of business property coverage because of a smaller structure, the location being in an upscale and safer area, etc. Many things can affect your premium and what kinds of coverage you should have.

If you recently added an alarm system or updated the sprinkler system, it can mean immediate discounts in your premium. Your underwriters will love you, too!

Whatever your situation in your business, make at least a bi-annual trip to your insurance agent so he/she can go over your liability coverage as well as property to make sure you are not paying more than you have to on your premium.

Doug just made a new video for all to see! When you think of insurance, think of Doug Seide. He is able to write insurance on personal and business in the greater southwestern United States.

To get hold of Doug Seide for a quote on insurance coverage, call 480-443-1952.

You can also click here for his site for automated quotes.

It’s a known fact that not knowing what you have regarding homeowners coverage on your home will bite you back later when you make a claim. Quite often we hear stories time and time again where the insured making a claim assumes there is full coverage or there is already special coverage over some aspect of the home or personal property that normally would require a special rider.

The time is now to get together with your insurance agent to review what coverages your currently have and get recommendations on what additional insurance you may need now.

Key points to go over with your insurance agent are as follows:

1. Does the policy cover the current costs of building the house? Increases for raw materials and labor since the purchase of your home probably have dramatically outpaced the current values.
2. Does your policy cover additional living expenses such as food, hotel or restaurants  for the situation when you have to spend time away from your house during the time you are evacuated for rebuilding purposes?
3. Have you notified your insurance agent of any home improvements or modifications you made on your home? Some of these items may need additional premium to cover.
4. Have you upgraded your home electrical system or plumbing or installed anti-theft alarms of fire sprinklers? These improvements could help reduce your insurance premium.

In conclusion, be proactive in reviewing and making the necessary changes to your policy. It is too late when you have a loss and find out the limitations of the policy. You will save yourself and your family much headache and grief during a time in which your insurance company wants to help you the best way they can.