Homeowners - there's so much we don't know

As consumers we expect that when we buy an insurance product, it covers all the things we can think of. When we buy house insurance, we expect to be covered for theft and for our houses to be replaced in a fire. What we don't expect is limitations and exclusions, and frankly even on the best policies there are many of them. I just read an article (link below) which talks of exactly this.. we expect and believe we have many protections that we don't and sometimes we think we need some things that we may not (a perfect example is that many people think they need to insure their homes for the market value, when we only need to insure for the cost to build the house). View this article about home insurance and call our team at The Keats Agency. Insurance is not a commodity. If you buy an insurance policy and don't get a agent with it for advise and council then your policy is not complete. Don't be hopefully protected. Be appropriately and cost effectively protected. An agent will make sure you are not over or under-insured!

http://www.insurancejournal.com/news/national/2010/08/24/112704.htm

OEM Coverage - What is it? Why buy it?

OEM stands for 'original equipment manufacturer'. Buying such a coverage on your auto policy would mean that in the case of damage to your vehicle, the parts replaced will be original factory equipment. Without OEM coverage, most insurance companies will pay for after-market parts. This is not to say that after-market parts are bad. Many are certified and equal in quality and workmanship. However, if you want to know that you will get BMW parts for your Beemer or Ford parts for your Mustang, then you want this coverage. It happens to be relatively inexpensive too.

One important fact is that most companies will only keep the coverage on your policy until your car is 10 years old. The reason for this is that finding OEM parts on vehicles over 10 years old is problematic and the companies do not believe it appropriate to continue the protection if coverage has essentially diminished.