Archive for August, 2017

Hurricane Harvey – Contact your Insurance Agent and ask them to take the Hurricane Challenge!

Posted on: August 31st, 2017 by Agent Mark No Comments

28xp-harveyroundup1-master768We at Herlihy Insurance Group are asking all Insurance Agencies and Insurance Companies to take the Hurricane Challenge!

It is a very simple challenge. Just donate to the Hurricane Harvey Relief effort.

The devastation left in the wake of Hurricane Harvey is too big to ignore. Although we live and work hundreds of miles from the storm ravaged areas, we empathize with this community and want to help.

We know that not everyone impacted by the storm will have the necessary flood insurance to recoup their losses. The statistics being shared at this time indicate that only about twenty percent of property owners in this area actually carried flood insurance.

In the cleanup and rebuild process we know these communities will need donations.

Today Team Herlihy will be making its donation to the Hurricane Harvey Relief effort.

And to all our insurance agency owners and insurance companies, we challenge you to take the Hurricane Challenge!

Just Do It!

Social Media & You

Posted on: August 22nd, 2017 by Agent Mark No Comments

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If you or a family member are active on social media consider adding “Personal Injury” coverage to your home insurance. Personal Injury coverage will provide coverage if you become legally libel for oral or written publication of material that slanders or libels a person or organization, their goods, products or services.

Have teenagers in your home? Strongly consider the coverage. Personal Injury coverage can be added for about $30 a year.

Ordinance of Law, Property Owners Take Note

Posted on: August 7th, 2017 by Agent Mark No Comments

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Your home or any other property you own all have one thing in common:

When it’s time to rebuild a damaged part of the building your repair/rebuild project may be subject to ever changing town building codes. Town building codes typically don’t change to save on construction costs,changes are often significant and costly.

Your home should be insured for its “Replacement Value.” This means that the limit of insurance you selected would be sufficient to “Rebuild” your home in its entirety with the same materials.

What happens when you insured your home at Replacement Value and three years later the town updated its building codes?

You may have a gap in your insurance coverage which is why every property owner needs to include Ordinance of Law coverage on their property insurance policy. This additional Ordinance of Law coverage would provide:

Coverage for loss caused by enforcement of ordinances or laws regulating construction and repair of damaged buildings. Older structures that are damaged may need upgraded electrical; heating, ventilating, and air-conditioning (HVAC) or plumbing units based on individual town or city codes.

In New England we are blessed with lots of older homes and buildings that are unique in construction and architecture. Most of these homes and buildings would benefit greatly by including Ordinance of Law coverage in their insurance program. At our agency we have also seen several newer homes in need of this coverage as well. Coastal properties can be especially at risk.

The cost for Ordinance of Law? Not as much as you would think! Depending on the value and location of your property, most premiums we see are between $50-$75 per year.

What should every property owner know about Ordinance of Law?

1) You need it, and

2) The coverage may already be included on your policy. Check in with us before a loss occurs to review your Ordinance of Law coverage status.

Call or email us at Ordinance@herlihygroup.com to review this coverage on your property today.