Your Valuable

Posts made in October 2020

homeowners’ insurance

What is a Deductible Waiver in Homeowners’ Insurance?

If you have homeowners’ insurance, you might have heard about deductible waivers and wonder what they are. At Henderson Anderson Insurance, we provide our clients with homeowners’ insurance in Glendale, AZ. We’ll use this space to discuss these waivers.

Quite simply, a deductible waiver is a clause in homeowners’ insurance policy that lists a range of various situations in which you will not have to pay your deductible in the event of a claim.

A waiver that’s known in the industry as a “large-loss waiver” is based on the value of the claim. Depending on the wording and conditions in your policy, you may not have to pay the deductible if your claim is beyond a specific value. These waivers are not commonly known about but can lead to significant savings for a homeowner during a claim. They are very useful in the case of a substantial loss, such as the destruction of a house by fire. If your policy is has a deductible waiver, you might consider taking a higher deductible to save money on your homeowners’ insurance policy.

These types of waivers are useful if you have them, so it’s always a good idea to look through your policy or ask your agent.

young couple speaking with insurance agent

Insurance 101

Insurance is a necessity for protection throughout modern life. Even though most of us have coverage, not everyone knows the ins-and-outs. At Henderson Anderson Insurance, we are an insurance agent in Glendale, AZ, and we are going to take a look at the basics. This is Insurance 101, so to speak.

We’ll look more closely at different types of insurance in this post. We’ll start by defining a term that is often used: personal insurance. This coverage does just what you expect from the name that is applied to it. It delivers protection for yourself from risks, which could lead to financial losses that would be insurmountable on your own.

Personal insurance takes many forms. Residential insurance is one type that your insurance agent can provide for you. This includes coverage such as homeowners’ insurance. Renters insurance and condo insurance fall into this area as well.

Once you have your home covered, it’s natural to consider your vehicle. Car insurance protects your automobile and can be used for other vehicles such as motorcycles and off-road machines.

An experienced and responsible insurance agent will quite likely direct you toward the most personal type of coverage. This includes life insurance, health insurance, and disability insurance.

Consider this is a very brief introduction, but if you have further questions, we’ll be happy to answer them for you at Henderson Anderson Insurance.


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