4 Reasons Why Contractors Insurance Is Important
Operating a contracting business without insurance is like constructing a house on shaky ground. It ...
February 25, 2025
FAQs
How long will it take to process my insurance claim?
At MMI Insurance, we know that claims can be stressful, and our job is to get you back to normal as quickly as we can. The time to resolve each claim varies depending on the severity and complexity of each loss. Some claims can be settled by a single phone call, while others may take longer and include our consultation of outside experts and contractors to arrive at a fair and accurate settlement. Your adjuster will walk you through the process and explain things up front. We will set accurate expectations and timelines for your specific claim once we have the needed information, and we will strive to get you back to normal as soon as possible.
Why is it important to have home insurance coverage, whether you are at home or on vacation?
You’ve worked hard for the home that you live in and the contents that you own. So many things could take that all away – theft or break-in, bad weather events such as hail and wind, and unforeseen things such as sewer backup are just a few examples. Home insurance provides coverage and peace of mind that in the event that something like this happens, you would have coverage in place that would put you back to where you were before the loss occurred.
Even when you are on vacation, home insurance is even more important. In winter, your furnace could break down, and your pipes freeze and burst while you are on holiday. You then come back from your vacation to a big mess. As long as you had someone checking your home, insurance could help you with the cost to put you back to where you were before the loss.
How does having home insurance help me in the event that someone slips on my icy walkway?
Home insurance provides you with Personal Liability coverage in the event that you are negligent in not doing something that you should have done. You have an icy walkway and didn’t clear it, and someone slips and injures themselves on your walkway. Now they want to sue you. Without home insurance, you would have no protection against this, and you could potentially have to pay a lot of money out of pocket to compensate the injured party.
What should I consider when choosing commercial insurance coverage?
As a business owner you want to ensure that you have an understanding of what scenarios a commercial policy covers by talking to an insurance advisor. They can help you analyze your needs to select the best coverage for your business.
Is my jewelry covered in the event that someone breaks into my home and steals it?
Typically, home insurance policies have a limit under the policy for jewelry. This limit varies depending on the company, so it is important that you ask your broker what the limit is. If the value of your jewelry exceeds the limit, you can ask to have your jewelry scheduled. There is an added cost to do this however often, your deductible will be lower than the policy deductible, and your coverage will be better.