Distinction Risk Solutions

𝟏𝟎 𝐂𝐨𝐦𝐦𝐨𝐧𝐥𝐲 𝐎𝐯𝐞𝐫𝐥𝐨𝐨𝐤𝐞𝐝 𝐆𝐚𝐩𝐬 𝐢𝐧 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 — 𝐆𝐚𝐩 #𝟗

𝗢𝗿𝗱𝗶𝗻𝗮𝗻𝗰𝗲 𝗼𝗿 𝗟𝗮𝘄 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲

Building codes can change over time, and an older home may not meet the same requirements as a newly built home.

After a covered loss, you may be required to rebuild or repair certain parts of your home to current building codes.

Those required upgrades can add significant cost, and a basic policy may not provide enough coverage for them.

Ordinance or law coverage helps address the gap between rebuilding what was there and rebuilding what is required today.

𝟏𝟎 𝐂𝐨𝐦𝐦𝐨𝐧𝐥𝐲 𝐎𝐯𝐞𝐫𝐥𝐨𝐨𝐤𝐞𝐝 𝐆𝐚𝐩𝐬 𝐢𝐧 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 — 𝐆𝐚𝐩 #𝟖

𝗜𝗱𝗲𝗻𝘁𝗶𝘁𝘆 𝗧𝗵𝗲𝗳𝘁 𝗮𝗻𝗱 𝗖𝘆𝗯𝗲𝗿 𝗘𝘅𝗽𝗼𝘀𝘂𝗿𝗲

Personal cyber risk is becoming a bigger part of everyday life, but it is often overlooked when reviewing insurance coverage.

Identity theft, cyber fraud, online scams, and digital asset theft can create real financial stress and take significant time to resolve.

Many standard policies do not automatically include identity theft restoration or personal cyber protection.

As more of life moves online, it is important to understand whether your coverage addresses the digital risks you may face.

𝟏𝟎 𝐂𝐨𝐦𝐦𝐨𝐧𝐥𝐲 𝐎𝐯𝐞𝐫𝐥𝐨𝐨𝐤𝐞𝐝 𝐆𝐚𝐩𝐬 𝐢𝐧 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 — 𝐆𝐚𝐩 #𝟓

𝗛𝗶𝗴𝗵 𝗗𝗲𝗱𝘂𝗰𝘁𝗶𝗯𝗹𝗲𝘀 𝗪𝗶𝘁𝗵𝗼𝘂𝘁 𝗖𝗼𝗻𝘁𝗲𝘅𝘁

Choosing a higher deductible can help lower premium, but it is important to understand what that choice may mean at claim time

This is especially important with wind and hail deductibles, which are sometimes shown as a percentage instead of a flat dollar amount

A homeowner may think in terms of a “$2,000 deductible,” but depending on the policy, certain claims could result in $10,000+ out-of-pocket

The deductible you choose should make sense not just on the premium, but also in the event you actually need to use the coverage