What is a home insurance policy and what is a home warranty policy?

How are they different?

What happens when your AC stops working? Who’s going to cover that?

What happens when your pool pump stops working because it’s so old?

What happens when your fridge stops working? Who’s going to cover that?

Continue reading →

Is Your Home Vacant?

Does your insurance company know that? If your home is sitting vacant, for whatever reason, nobody is living there, you need to let your insurance company know. Let them know now!

If you’re renovating, selling, or just not living there, your insurance company needs to know so that they can make sure your home is properly covered. If your insurance company doesn’t know that your home is vacant and a claim occurs, something bad happens to your house, there are many things that would be excluded and the insurance company would not pay to help repair your home. Continue reading →

How To Get Cheaper Car Insurance

People are always trying to gain the system. They’re always trying to figure out a way to get cheaper rates. Who wants to pay more money for anything, especially they’re car insurance? A question I get often and what I want to cover today is, “Can I use a different address for my car insurance?” They say something like “if I have friends or family that have an address in a more rural area, can I use their address on my insurance to get cheaper rates?”

Continue reading →

What is dwelling coverage on your home insurance policy?

Dwelling coverage is what gives you coverage for your actual home, the actual structure of your home, the actual physical structure of your home. So on your home insurance policy you’re going to see something that says dwelling coverage limit. The dwelling coverage limit is the amount that it would take to rebuild your home if your home was completely destroyed.

Other Structures

Now, if there is any part of your home or any structure on your property that is not attached to your actual home, like a detached shed or a detached garage, that would not be covered under the dwelling limit, instead that would be covered under the other structures limits. So if you have anything big like that, make sure that you have enough other structures.

Continue reading →

What is comprehensive & collision coverage on your auto insurance policy?

It seems everybody knows what the deductible is on their car insurance, but no one really knows what that means.

So today we’re going to talk about two coverages, collision coverage and comprehensive coverage.

The first thing to point out is these coverages are for your vehicle and your vehicle only. We’re not talking about other people’s vehicles, medical injuries, or anything else. We’re just talking about damage to your vehicle.

Continue reading →

Are You Renting Your Home? How Does that Affect Your Home Owners Insurance?

If you’re a landlord and you’re renting your home, do you have the right coverage? You need to make sure you have the proper coverage on your home owners insurance.

What To Do If You Decide To Rent Your Home

If you decide you want to rent your home, the first person you should call should be your insurance agent. Guys, I can’t tell you the number of times where I’ve gotten a phone call from an existing client who initially was living in their home, but then decided to start renting out their home. And they never told me. And the only way I found out was through conversation while I had them on the phone. Continue reading →

I’m pretty confident that if you asked anyone who has ever owned a rental property you would get an overwhelming response that it’s not as lucrative or easy as they thought it would be. In fact, owning a rental property can be a major pain, and end up costing you a ton of money!

I certainly don’t mean to be a “Debbie Downer”, and I know that if it’s done right it can be lucrative, but from an insurance agent’s perspective, I don’t see a lot of people doing it right.

So you’re probably thinking, “Well Chris, you are an insurance agent. What do you know about real estate or rental properties? Why should I take advice from you?”

I’m not a real estate agent, and I don’t own a rental property. However, several of my friends/family/clients/co-workers own rentals, and because I insure a bunch of their properties, I’ve had a first hand account of the process, and I’ve learned what to do, and what not to do.

Continue reading →

I was recently asked this question by one of our UNO Insurance clients, and thought I would share the answer here for our readers.

There are a lot of things that go into homeowners and auto insurance rates, one of them being credit. I’ve heard a lot of complaints from people who don’t like the fact that insurance companies use credit in their underwriting.

Some people have absolutely no idea that it’s used in the rate at all.

At the end of the day, there’s not much we can do about it though. Insurance companies have been using credit in their rates for decades, and that’s not likely to change.

By the way, insurance companies don’t pull your credit like a mortgage company or credit card company does. There is no negative impact on your credit as a result of an insurance company looking at it.

When I say “pull” what I mean is that the insurance company is doing what’s called a soft inquiry, which is not the same thing as having your credit pulled (hard inquiry).

When does credit play a role in insurance rates?
It’s important to understand that insurance companies don’t continuously check or monitor your credit. Usually, they only check it when you first get a quote and/or sign up with them in the very beginning.

This means that if your credit score increases (or decreases) your insurance company does not automatically know about it.

So, to my customers question of whether or not his increased credit score will lower his rates, the answer is not automatically.

What has to be done on our side as the agent is contact the carrier the insurance and ask them to do what’s commonly referred to as a “re-score”. This is when the insurance company can re-run the person’s credit (soft inquiry) to see if there is any positive bearing on the rate.

This isn’t something that the insurance company is going to let the agency do every single year, so it’s not worth even asking unless there has been a significant change in your credit score, and only you as the customer would know if that was the case.

If you’d like to get a better handle on your credit rating, it could be helpful to setup credit monitoring. We hope this was helpful! As always, leave us comment below if you have any questions.

Why do my auto insurance rates keep going up even though my car is getting older?  At UNO Insurance, many of our clients ask this question so I would like to address it from a couple of angles.

First things first, even though it’s called car/auto insurance, it covers more than just your car. It should technically be called “auto-owners” insurance, similarly to how home insurance is actually called “home owners insurance”.

It’s important to understand that there are a lot of variables that go into insurance premiums, and with auto insurance, it’s no different.

The insurance company is much more concerned with you crashing into someone and causing them (or yourself) bodily harm, or death, than they are about your car. A car is a material possession which can be replaced.

A human life is not.

When is the last time you looked at your auto insurance policy?
If you look at it you’ll notice there are a lot of different coverages on your auto policy.

Bodily injury
Property damage
Un-insured motorist
Under-insured motorist
Medical Payments
Loss of Income
Funeral Expense
Loss of use
Rental Reimbursement

These are all things that you are covered for on your auto policy. How many of them have to do with your car?


How many of them have a price next to them on your policy?

All of them.

Your car isn’t the only thing you’re being charged for on your policy
That’s because auto insurance covers far more important things than your car as mentioned above.

Let me re-phrase that: your car insurance rate isn’t just based on your car.

You’re not the only one…
It’s also important to understand that you are not the only person your insurance company insures. You are one fish in an ocean of other fish, sharks, and sea creatures, all who have different characteristics and risk profiles.

Insurance is all about spreading costs over a large number (risk pool) of people, which each person paying their fare share. That risk pool is constantly changing, and is impacted by a ton of different things, including the overall economic climate.

This means that you are sharing in the cost of millions of other people, many of whom may have poor loss history and/or credit.

That’s what insurance is though — sharing in the cost.

The next time your auto insurance rates go up, take a look at the big picture. Make sure you’re looking at ALL of the coverages, and corresponding rates.

Hope this helps!  If you would like to know more about Car Insurance be sure to visit our page dedicated to it.