Hey there, homeowners! If you’ve noticed a shift in the way insurance providers are handling your policies lately, you’re not alone. The insurance market is evolving, and it’s essential to stay informed about these changes to protect your home and vehicles effectively.

At Algate Advisors, we’re dedicated to keeping our clients in the loop about everything insurance-related. So, let’s talk about what’s been happening and what you can do to navigate these changes smoothly.

The Scoop on Home Insurance

Have you heard about insurance companies taking a closer look at older homes? It’s true! Nowadays, homes over 15 years old are getting extra attention from insurance providers. They’re conducting thorough inspections to ensure that these properties are of high quality and pose minimal risk.

You might be wondering, why the sudden scrutiny? Well, it’s all about managing risk. Insurance companies want to make sure they’re insuring properties that are in good shape and less likely to file claims. That’s why they’re using innovative methods like drone inspections to assess the condition of roofs and identify any potential issues.

What to Keep an Eye On

So, what should you be checking for to ensure your home is insurable? Here are some key things to look out for:

Roof Condition: Take a good look at your roof. Is it showing signs of wear and tear? Any missing shingles or leaks? Any mold or moss on the roof? Insurance companies pay close attention to the age and quality of roofs, so make sure yours is in tip-top shape.

Exterior Maintenance: Peeling paint, rotting trim work, and accumulated debris in the yard can raise red flags for insurers. Keep your home’s exterior well-maintained to avoid any issues.

Safety Hazards: Inspect your property for potential safety hazards like exposed wiring, both indoors and outdoors. These pose risks not only to your property but also to your family’s safety.

Water Damage: Check for any signs of water damage, both inside and outside your home. Leaks, mold, and mildew can indicate underlying issues that need to be addressed.

Structural Integrity: Keep an eye out for broken masonry or other structural damage. These issues can compromise the stability of your home and may affect its insurability.

How Algate Advisors Can Help

Feeling overwhelmed? Don’t worry – that’s where we come in. As your local trusted insurance agency, Algate Advisors is here to guide you through these changes and ensure you have the coverage you need.

Whether you’re concerned about your home’s insurability or want to review your auto insurance policy, we’re just a phone call away. Our team will work with you to assess your needs, address any concerns, and find the right insurance solutions for your unique situation. We will even schedule an appointment to come and look over your property to make sure there are no areas of concern.

Stay Informed, Stay Protected

In today’s ever-changing insurance landscape, staying informed is key to protecting your home and vehicles. By keeping an eye on the condition of your property and staying proactive about maintenance, you can ensure that you’re prepared for whatever the future may hold.

And remember, Algate Advisors is here to help every step of the way. As your trusted insurance partner, we’re committed to keeping you informed and ensuring that you have the coverage you need, when you need it.

Have questions or concerns about your insurance policies? Don’t hesitate to reach out – we’re here to help!