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| Homeowners |
| Automobile |
| Life |
| Umbrella Liability |
| Flood |
| Vacant Home |
| Condominium |
| Second Home |
| Investment Property |
| Recreational Vehicles |
| Watercraft |
| Fine Art |
| Earthquake |
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Q: Why should I choose NRT Insurance Agency?
A: As one of America’s leading providers of personal lines insurance, we know what families need to protect their most important assets. Our business is providing insurance to protect peoples homes and other important assets. We partner with the leading insurance companies in America and our relationships with them enable us to offer high quality insurance policies at potential savings of as much as 15%. Finally, our licensed insurance professionals are dedicated to creating exceptional experiences for our customers through the passionate delivery of truly remarkable service.
A: As one of America’s leading providers of personal lines insurance, we know what families need to protect their most important assets. Our business is providing insurance to protect peoples homes and other important assets. We partner with the leading insurance companies in America and our relationships with them enable us to offer high quality insurance policies at potential savings of as much as 15%. Finally, our licensed insurance professionals are dedicated to creating exceptional experiences for our customers through the passionate delivery of truly remarkable service.
Q: What types of insurance do you write?
A: We specialize in personal lines insurance. This includes homeowner's insurance, condominium, renters, automobile, umbrella liability, watercraft, recreational vehicle, fine arts, and vacant home insurance.
A: We specialize in personal lines insurance. This includes homeowner's insurance, condominium, renters, automobile, umbrella liability, watercraft, recreational vehicle, fine arts, and vacant home insurance.
Q: Why is the insurance amount on my policy different from what I paid for the house?
A: The purchase price of your home was determined by several factors including location, special features, appeal of the neighborhood and many other factors. The insurance amount on your home is based on how much it will cost to rebuild your house if it is destroyed. These amounts can be very different. Typically, replacement cost will exceed market value. The value of the land on which the home sits is not factored in replacement cost since the land would remain after a disaster.
A: The purchase price of your home was determined by several factors including location, special features, appeal of the neighborhood and many other factors. The insurance amount on your home is based on how much it will cost to rebuild your house if it is destroyed. These amounts can be very different. Typically, replacement cost will exceed market value. The value of the land on which the home sits is not factored in replacement cost since the land would remain after a disaster.
Q: How do I know if I have enough insurance on my home?
A: Setting the amount of insurance for a home is not a guessing game. Nor is a matter of simply insuring it for the amount that you paid for it. The dwelling value on your insurance policy should reflect what it would cost to rebuild your home in the event of a catastrophe. Since construction costs vary regionally, and because construction costs are subject to inflation, your coverage should be reviewed regularly.
A: Setting the amount of insurance for a home is not a guessing game. Nor is a matter of simply insuring it for the amount that you paid for it. The dwelling value on your insurance policy should reflect what it would cost to rebuild your home in the event of a catastrophe. Since construction costs vary regionally, and because construction costs are subject to inflation, your coverage should be reviewed regularly.
Q: What is the difference between market value and replacement value?
A: Market value is the amount that you would be likely to get if you sold your home. Replacement cost is the amount of money it would cost to rebuild it in the event of a total loss. The principle of replacement cost also applies to less than total loss. If some detail of your home is damaged, your insurance policy’s replacement cost provision will pay to return it to original condition, less any deductible that might apply. At NRT Insurance we work hard to make sure that your most valuable asset is properly protected.
A: Market value is the amount that you would be likely to get if you sold your home. Replacement cost is the amount of money it would cost to rebuild it in the event of a total loss. The principle of replacement cost also applies to less than total loss. If some detail of your home is damaged, your insurance policy’s replacement cost provision will pay to return it to original condition, less any deductible that might apply. At NRT Insurance we work hard to make sure that your most valuable asset is properly protected.
Q: How is the insurance amount on my home determined?
A: Each insurance company uses a different method to determine the insurance amount or replacement cost of your home. Some insurance companies will complete an inspection of the home to determine an exact replacement cost. Other companies use an automated tool that calculates the cost to rebuild your home based on your location factoring in local building and material costs. At NRT Insurance we use a sophisticated computer model to determine replacement cost based on construction costs where you live.
A: Each insurance company uses a different method to determine the insurance amount or replacement cost of your home. Some insurance companies will complete an inspection of the home to determine an exact replacement cost. Other companies use an automated tool that calculates the cost to rebuild your home based on your location factoring in local building and material costs. At NRT Insurance we use a sophisticated computer model to determine replacement cost based on construction costs where you live.
Q: Are there ways that I can reduce my homeowner's premium?
A: The deductible amount you select has a big effect on your premium. A moderate increase from $250 to $500 or from $500 to $1000 can save 5% to 10% of your premium. Installing an alarm system can qualify you for credits ranging from 2% to 30% of your premium. Insuring both auto and home with the same carrier can help you save as much as 15% on the combined policy.
A: The deductible amount you select has a big effect on your premium. A moderate increase from $250 to $500 or from $500 to $1000 can save 5% to 10% of your premium. Installing an alarm system can qualify you for credits ranging from 2% to 30% of your premium. Insuring both auto and home with the same carrier can help you save as much as 15% on the combined policy.
Q: Are there other ways that I can reduce my cost of insurance?
A: The ways you can reduce insurance premiums are to place multiple policies with one company, raise deductibles and to seek all available discounts. These three actions can often reduce the total cost of insurance by hundreds of dollars.
A: The ways you can reduce insurance premiums are to place multiple policies with one company, raise deductibles and to seek all available discounts. These three actions can often reduce the total cost of insurance by hundreds of dollars.
Q: Do I really need insurance if I own a condo?
A: If your home is a condo, you need an insurance policy that is different from a conventional homeowners policy. Damage to the structure may be covered by the condominium association master policy. Clothing, furniture, appliances, and personal property are not, nor is an injury to a guest inside your condo. An insurance policy designed just for a condominium owner will provide coverage for these situations. Condo insurance is a good investment and an affordable way to get peace of mind.
A: If your home is a condo, you need an insurance policy that is different from a conventional homeowners policy. Damage to the structure may be covered by the condominium association master policy. Clothing, furniture, appliances, and personal property are not, nor is an injury to a guest inside your condo. An insurance policy designed just for a condominium owner will provide coverage for these situations. Condo insurance is a good investment and an affordable way to get peace of mind.
Q: Is my home still covered by my homeowners policy if it is vacant?
A: Your homeowners insurance will continue to cover fire and other hazards to a vacant property, but vandalism is specifically excluded by most policies if it has been vacant for more than 30 days. Theft, damage caused by frozen pipes, and windows broken by any means are also denied coverage. Insurance companies feel that damage to a vacant property can grow worse due to inattention, and some will cancel what coverage does remain in force when they learn of an extended vacancy. NRT Insurance Agency offers Vacant Property and Liability Insurance for just such situations.
A: Your homeowners insurance will continue to cover fire and other hazards to a vacant property, but vandalism is specifically excluded by most policies if it has been vacant for more than 30 days. Theft, damage caused by frozen pipes, and windows broken by any means are also denied coverage. Insurance companies feel that damage to a vacant property can grow worse due to inattention, and some will cancel what coverage does remain in force when they learn of an extended vacancy. NRT Insurance Agency offers Vacant Property and Liability Insurance for just such situations.
Q: Which insurance carriers do you work with?
A: We work with a number of leading insurance companies to bring you innovative programs at competitive rates. Our carriers include Liberty Mutual, Fireman’s Fund, Chubb, Travelers, Hanover, Metropolitan, Progressive and Arbella just to name a few.
A: We work with a number of leading insurance companies to bring you innovative programs at competitive rates. Our carriers include Liberty Mutual, Fireman’s Fund, Chubb, Travelers, Hanover, Metropolitan, Progressive and Arbella just to name a few.
Q: How much will a homeowner's policy from NRT Insurance Agency cost?
A: The cost of homeowner’s insurance varies because it is affected by location, coverage chosen, deductibles, and discounts for such things as smoke and burglar alarms. When we prepare the quote for you, we explain the different items that affect your ultimate cost. Because we represent several insurance companies, we will be able to provide you with a comparative quote.
A: The cost of homeowner’s insurance varies because it is affected by location, coverage chosen, deductibles, and discounts for such things as smoke and burglar alarms. When we prepare the quote for you, we explain the different items that affect your ultimate cost. Because we represent several insurance companies, we will be able to provide you with a comparative quote.
Q: Can I get insurance on a home that is under construction?
A: If you own the land on which your new home is being built, there is a special policy that you can get to cover it while it is under construction. A licensed insurance professional at NRT Insurance Agency can develop a plan to provide exactly what you need for full protection until a conventional homeowners policy can go into effect.
A: If you own the land on which your new home is being built, there is a special policy that you can get to cover it while it is under construction. A licensed insurance professional at NRT Insurance Agency can develop a plan to provide exactly what you need for full protection until a conventional homeowners policy can go into effect.
Q: What is a hurricane deductible?
A: In recent years hurricanes have taken a toll on America’s shorelines and have had an impact on insurance coverage for those living close to a coast. To make coverage more affordable and available many insurance companies now add a hurricane deductible to homeowners policies in those areas. Under a hurricane deductible, the homeowner pays the first 2-5 percent for repairs as a result of damage from a hurricane. The deductible typically applies only to storms labeled hurricanes and given a name by the National Weather Service. Damage from any other severe weather event during hurricane season is fully covered.
A: In recent years hurricanes have taken a toll on America’s shorelines and have had an impact on insurance coverage for those living close to a coast. To make coverage more affordable and available many insurance companies now add a hurricane deductible to homeowners policies in those areas. Under a hurricane deductible, the homeowner pays the first 2-5 percent for repairs as a result of damage from a hurricane. The deductible typically applies only to storms labeled hurricanes and given a name by the National Weather Service. Damage from any other severe weather event during hurricane season is fully covered.
Q: Will NRT Insurance Agency provide a free, no obligation quote on the insurance I need?
A: An NRT Insurance Agency representative licensed in the state where you live will be happy to talk with you about your personal insurance needs and will prepare a free quote. Most importantly at NRT Insurance we will provide quotes from multiple companies so you don’t have to be hassled by getting competitive quotes anywhere else.
A: An NRT Insurance Agency representative licensed in the state where you live will be happy to talk with you about your personal insurance needs and will prepare a free quote. Most importantly at NRT Insurance we will provide quotes from multiple companies so you don’t have to be hassled by getting competitive quotes anywhere else.
Q: How can I tell if I need life insurance?
A: Ask yourself this: What will happen to my family’s way of life if I suddenly die? Few of us manage to accumulate enough assets on our own to provide total security for our families. So we rely on life insurance to help assure that if something happens to a breadwinner, our family does not lose its home, our children do not forfeit the opportunity to go to college, and/or our spouse is not denied a comfortable retirement. Depending on your age and the amount of life insurance you need, it may not be expensive. So the answer is: If anyone depends on you, you need life insurance. Talk to an NRT life insurance representative. We can help you determine the amount of life insurance you need, the type of policy that fits your situation, and a premium that you can afford.
A: Ask yourself this: What will happen to my family’s way of life if I suddenly die? Few of us manage to accumulate enough assets on our own to provide total security for our families. So we rely on life insurance to help assure that if something happens to a breadwinner, our family does not lose its home, our children do not forfeit the opportunity to go to college, and/or our spouse is not denied a comfortable retirement. Depending on your age and the amount of life insurance you need, it may not be expensive. So the answer is: If anyone depends on you, you need life insurance. Talk to an NRT life insurance representative. We can help you determine the amount of life insurance you need, the type of policy that fits your situation, and a premium that you can afford.