Rental properties can be a great investment. However, investment properties you own in places such as Berlin, CT can come with their share of risks. One way you can go about protecting yourself from risks is to carry insurance through us at Bogden Insurance Agency.

Here are four important reasons for carrying homeowners insurance on a rental property:

1: Protect the Property

The homeowner’s insurance will protect the property. This means that damages caused by things like fire, storms, or vandalism will be covered. You can have repairs done that you may not have been able to afford without insurance. 

2: Liability Coverage 

Liability coverage in Berlin, CT from a company such as Bogden Insurance Agency will also protect you from legal and financial losses that would happen if someone were to injure themselves while they were on the property. Slips and falls are just one example of the types of liabilities you’ll be protected from. 

3: Rental Income Loss

When you have a rental, you will count on the income from that rental that your tenants pay. If there is damage to the rental that prevents the tenants from staying there, then this means you won’t have that income any longer. When you carry insurance on the property, you can also be protected from the loss of rental income. This means you’ll be protecting your income as a whole. 

4: Protection For Your Furnishings

If you provide furnishings or appliances in the rental, the insurance can protect those items. This means if they end up being stolen or damaged, then you will have insurance to help cover the cost of repairing or replacing them. If you are ready to get insurance for your rental property, we at Bogden Insurance Agency can help.

Preparing your home for a big storm here in the Berlin, CT area can feel daunting, but at Bogden Insurance Agency we recommend several steps you can take to get ready. 

Preparing your house for a storm

First, make sure you have enough supplies on hand in case of an emergency. Keep a stocked first aid kit, flashlights, and batteries in easily accessible places. Have three days’ worth of food and water stored away in case the power goes out. Consider investing in a generator if you live in an area where storms are frequent or particularly severe. 

Next, assess any potential risks to your home and take necessary safety precautions. Put up storm shutters or plywood boards on windows to protect against flying debris that could break the glass. Secure outdoor furniture and equipment like grills or patio umbrellas so they don’t become projectiles during strong winds. Make sure trees on your property are trimmed and well-maintained so that limbs don’t fall on your house during a storm. 

Finally, create an emergency plan with family members so everyone knows what to do when a storm is approaching your area. Talk about where everyone will go if their home isn’t safe and make sure everyone knows basic first-aid tips should someone need medical attention during the storm. It’s also important to have important documents like IDs, birth certificates, insurance policies, etc., all stored safely in waterproof containers just in case you need them during evacuation or recovery from storm damage afterward. 

Keep Your Home Insurance Updated

By following these steps, you will be prepared for whatever weather may come your way! For more tips, and to get the right insurance coverage for your needs, give us at Bogden Insurance Agency a call today. We are proud to serve the Berlin, CT area.  

Home insurance is a vital way to protect your largest investments. Your investments in your home and in the belongings inside it represent your largest investments, and it’s important to protect them. You can do that with home insurance. These policies include several different kinds of coverage that are each important for your financial protection. If you own a home and don’t have home insurance, or you want to change to a new policy, call us now at Bogden Insurance Agency in Berlin, CT.

Why Every Homeowner Needs Home Insurance

Home Protection

As your largest investment, your home itself needs to be protected. Homes face a lot of risks that can cause them damage, and home insurance protects against that damage. Each policy has its own types of damaging events that it covers, and when one of those events happens, it can cause untold damage to your home. When there is damage to your home, your policy can then pay for it to be repaired. If your home is destroyed, the policy can pay to have it rebuilt as well. 

Protection for Your Belongings

The items inside your home represent another large investment, and you need to protect them. Your possessions inside your home are important, and they are worth a lot when you add them all up. That’s why this coverage is so important. It can pay for the damage done to your belongings by a damaging incident. 

Protection for Liability

If someone were to get injured in your home, you are highly likely to be held liable for the medical bills, lost wages, etc. With home insurance, that liability is covered, and the policy can pay for those bills. This can save you thousands in medical bills. 

Get Home Insurance

When you own a home and need to insure it, give us a call today at Bogden Insurance Agency in Berlin, CT.

To properly protect the investment you have made in your home, you will need the proper home insurance in place. At Bogden Insurance Agency we provide solid insurance information so that you can always feel great about your insurance choices in Berlin, CT and the surrounding areas. Keep reading to learn more. 

Why Do I Need Home Insurance?

Home insurance is often required by mortgage companies if a home is being financed. Even if a home is not being financed, though, home insurance is the only way to truly protect the investment you have made. If your home is damaged because of fire, natural disaster, or burglary, you will be left without a place to live and responsible for repairs or replacement of your home. A solid home insurance policy protects you from this. 

What Does Home Insurance Cover?

Each home insurance policy can be customized to suit your particular needs, but in general, most policies will provide the following type of coverage:

• Property damage- Property damage can happen due to fire, natural disaster, or burglary. When this happens, you can be left vulnerable. This type of coverage will pay for repairs or replacement of your lost property. 
• Liability coverage- If someone is injured on your property or within your home, you will be the one held responsible for the expenses that are incurred. This can be devastating for you and your family if medical bills are extensive or if legal fees result. Liability coverage will pay these expenses for you. 

If you would like to learn more about home insurance, or any of our other insurance products, please contact us at Bogden Insurance Agency, serving Berlin, CT, and the surrounding areas. 

When it comes to protecting your home, you can’t have too much coverage, or can you? Many people think that, adding coverage amounts that far exceed the value of your home, will allow you to have a bigger cash out if something happens to your home. But actually, that is not true.

Insurance laws do not allow people to collect insurance claim payouts for more than the home is actually worth. Therefore, it is wise to stay within the limits of the value of your home if you sold it today and not to exceed that. That being said, there are instances when you need extra insurance for certain circumstances such as floods or complete loss of the home that would require you to exceed the base value.

How much is enough? That depends on the actual value of your home, plus the amount you have invested in it if it is not included in the potential sales price. Of course, there are many other factors to take into account. That’s when you need an expert.

Who Can You Trust?

Bogden Insurance Agency serves the Berlin CT area and they are experienced at advising people on how much insurance to get to make sure your home is covered, no matter what disaster comes your way. They can also advise homeowners on other types of insurance such as flood, fire, and auto insurance.

Protecting your investment is their primary goal and they treat every customer like family!

They can share information with you about the appropriate amount of insurance, as well as the types of insurance coverage you need to be sure your home is protected, no matter what comes your way in the future. 

See Bogden Insurance Agency if you’re looking for homeowner’s insurance in the Berlin, CT area. They can help you prepare for anything!

The cost of living in Connecticut is one of the highest in the country. It isn’t easy to break into the housing market. A condo is one way to buy your own place without having to break the bank. Whether you are a first-time buyer or a retiree, condos are a popular choice to get a place of your own. At Bogden Insurance Agency in Berlin, CT, we have been offering friendly service since 2008. As an independent agency, we can offer more choices and better options. 

As a condo owner, you may wonder what kind of insurance you are required to have. If you have a mortgage, your lender will require the same type of insurance a homeowner must buy. If you own your unit outright, you need to check your condo covenant. Chances are, you are required to have insurance to protect the other owners in the association. 

The homeowners’ association will have insurance covering common areas and the exterior of the building. With home insurance, you are responsible for the exterior of your own home; with a condo, you are usually responsible for everything inside the interior walls. This usually includes plumbing and electrical. This is the main difference between condo insurance and home insurance. 

The condo association has liability insurance for common areas, places like the pool, elevator, and parking lot when it comes to liability coverage. Home insurance provides inside and outside liability coverage. 

Both home insurance and condo insurance offer content coverage. This can be either actual value or replacement cost, depending on what works best for your own items. Both policies most likely offer loss of use coverage, allowing you to find a place to stay when your home is uninhabitable. 

Contact Bogden Insurance Agency in Berlin, CT for any insurance needs you have. 

Losses of property such as electronics, furniture, and other valuables during a fire or other event, are typically covered under your homeowner’s policy. While some certain limits and factors affect coverage, a skilled insurance agent can help guide you through your insurance policy to understand how much coverage you have and what is covered. Trusting professionals with years of experience and knowledge can give you welcomed peace of mind.

Bogden Insurance Agency of Berlin, CT has been helping homeowners and others with personal property insurance coverage stay protected during times of disasters and other adverse events.

Type of Personal Property Insurance

In general, two types of personal insurance coverage may be a part of your homeowner’s insurance policy. These include Actual Cash Value and Replacement Cost. Different factors can affect the level of coverage of these insurance types, so it is crucial to speak with your agent to learn more.

Actual Cash Value will reimburse a certain amount based on the current value of a possession. There are usually limits on this amount, and other factors may affect it. With Replacement Cost, a certain amount is paid to replace a particular item during the claim. It is important to discuss limits and details with your agent within your homeowner’s insurance plan that covers personal property.

Quality Insurance in Connecticut

Contact us at Bogden Insurance Agency of Berlin, CT to schedule an appointment with one of our agents to discuss your personal property insurance coverage options. We can help you understand your personal property coverage so you can be sure your possessions are adequately covered in the event of a loss. Get in touch with us today to learn more about what we offer. We look forward to serving you.