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You Should Know: Homeowners Policy - Vacancy Exclusion

Inside your Homeowners Policy there is an exclusion for vacancy. This means that you would not be covered if your property was vandalism or freezing of plumbing if the building was vacant for 60 consecutive days immediately before the loss. 

Scenerio:

Bob has a property across town that he does not live in or rent out. The property has been vacant for 90 days. Some teenagers decided to graffiti the side of the house. This would NOT be covered under his homeowners policy because it has been vacant for 60 days prior to the vandalism. 
 

What qualifies a property or building as vacant?

A property or building will qualifiy is it has been vacant for 60 consecutive days or more. 

Are frozen pipes ever covered if the building was vacant?

The isured can potentially be covered if they used reasonable care to maintain the heat.

homeowners policy ohio

Insurance can be boring and confusing at times- but not to us! Have a question on your policy that is stumping you? Give us a call at 440-349-3670 or email at Info@InsureOhio.com

Most Recent

5 Reasons We Love Christmas in Cleveland

Posted By Jay Toole
December 23, 2020 Category: General

While we dream of a white Christmas, we won't let the lack of snow stop us from enjoying all the exciting things happening around Cleveland. As a gem of the midwest, here are our top 5 things we love to do around the city. #1 WinterFest lights in Public Square Thousands of glowing bulbs light up every inch of downtown's Public Square. Fun to run through, walk through with your little kids, or even do a casual drive through. #2 Visit Bill Hixon for an Ornament Famous to many life-long locals, few outsiders know the history of Hixon's in Lakewood. Bill Hixon is known for his custom Christmas ornaments with many featuring scenes of the season or landmarks around northeast Ohio. He even designs beautiful ornaments that are on display at the White House! If you are lucky, you can even get this 92 year old legend to sign your bulb. #3 "You'll shoot your eye out." at the Christmas Story House Nestled away in Cleveland is the world famous Christmas Story House from the loveable tale of Ralphie, Red Ryder BB Guns, and the pink bunny suit. Give this a visit or sign up for the road race that will finish right at the house next December! #4 Christmas Ale. Christmas Ale Everywhere! Cleveland is known for its world-class beers. From Great Lakes Christmas Ale to Thirsty Dogs 12 Dogs Christmas Ale to the newest arrival of Masthead Brewing Co's Robot Santa's Christmas Ale, if you are a beer connoisseur or just a lover of all things delicios then y


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Total Loss Doesn't Have To Be A Total Bummer

Posted By Jay Toole
July 21, 2020 Category: Homeowners, Insurance, Underinsurance

Tips on Insuring Your Home How much coverage do you really need? One word: Replacement Cost. If it is your personal residence, your home should be insured to the amount it would cost to replace the home and not what it may sell for on the market. Insurers and homeowners share a common goal, of reducing exposure to losses (from fires to theft to catastrophic storms) and ensuring that consumers have adequate homeowners coverage in place to recover from financial losses that can occur. As your insurance agent, we continually strive to use the most accurate tools in helping homeowners make the right coverage decisions.   1.Make sure you update you limits overtime The issue of underinsurance (insurance to value) usually arises following a major catastrophe that destroys many homes in a particular area. In the aftermath of a catastrophe, the cost of rebuilding can skyrocket and consumers who have not recently reviewed and updated their insurance policies sometimes find that they do not have enough coverage to rebuild. This is why insurers encourage homeowners to conduct a yearly review of their insurance needs. - Did you remodel your home? - Did you add an addition? Although it is impossible to precisely predict the exact cost of rebuilding a home at some future date, it is important to insure the home for an amount that takes into account rising building costs. Once the replacement costs are estimated, the insurer can help the homeowner determine how much cov


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When it Rains, It Pours - Personal Umbrella Policies

Posted By Jay Toole
March 03, 2020 Category: General

We get it - insurance is can be as confusing as reading a recipe your grandma wrote in 1960. You hear terms like limits, deductibles, premiums, exemptions, and more and it just feels like the dollar signs are piling up. However, at Graydon-Toole Group, we take a customer first approach. We represent over a dozen insurance carriers, but our loyalty lies with one person; you. So, when we review your needs and see you could greatly benefit from the protection from a Commercial or Personal Umbrella Policy, there is a reason {or three} why we recommend it. When it rains, it pours. And like the physical umbrella we all hold near and dear during a Summer storm, an Umbrella Policy is there to protect you when costs from a claim keep piling on. Reason #1 Added Protection: Personal Umbrellas are there to protect you where your homeowners or auto policy limits fall short. Should a claim cost more than the limits of your current policy, Reason #2 It’s cheap! A Personal Umbrella Policy for $1 million in extra coverage can be as little as $200 for an entire year. Reason #3 You don’t have to be a millionaire to have a $1 million personal umbrella policy. You don’t need to own a home, be married, have kids or be a certain age to have one. If you drive a car, cross a street or has people over to your home (either rented or owned), you may need this coverage. Even if someone is trespassing on your property, you could be liable for any injuries. This is just a quic


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