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What is a home inventory and why do I need one?

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As a homeowner, the last thing you want to think about is filing a claim with your home insurance company. Even if you don’t want to think about it, the reality is that 1 in 20 homeowners file a claim every year. That’s about 5% which means there is a pretty good chance that over the years of your homeownership, you will file a claim. Having a good insurance company on your side makes a big difference. At Capretta Insurance Agency in Parma, OH we have been servicing local residents since 1985. We strive to treat our customers with fairness and respect. We work with each of our customers to provide a personal solution to their insurance needs 

An inventory can be a big help when you are filing an insurance claim, it is the proof you owned what you are claiming. Things move much faster and smoother through the claim process if you take the time now to create an inventory. 

Several options are available for creating an inventory. Whichever one you choose, make sure it is thorough. It can be as simple as using a pad and pen and going from room to room writing down the contents. Open drawers, cabinets, and closets. Bring along a camera and your cell phone to take pictures from a variety of angles. Go through your house top to bottom; don’t forget attics, basements, and garages. Add as much detail as possible especially when it comes to electronics, including brand, model, and serial number. 

When your inventory is complete, it is important to store it in a place where it will be safe no matter what happens to your home. A safe deposit box or in the cloud are both easy and affordable options. 

For all your home insurance needs contact Capretta Insurance Agency in Parma, OH. 

Is having life insurance always a necessity for those in Ohio?

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In the Parma, OH area, there are several forms of insurance that people will need. One type of coverage to consider is life insurance, which can offer financial protection for those you care about. If you are in this area of Ohio, there are a few reasons why having this type of coverage should be considered a practical necessity. 

Provide Financial Protection for Dependents

The main advantage of having a life insurance plan in this state is that it can provide your dependents’ financial protection. If there are people that rely on you and your income, finding a way to cover and protect them is significant. With life insurance, you can build a plan that can be used to meet their future financial needs. 

Receive Financial Investment Benefits

While a life insurance plan is largely intended to provide financial protection for others, it can also be used to invest for the policyholders. Those that are going to take out a life insurance plan can consider whole life insurance. With this form of coverage, some of your payment will build in an account that will accrue interest and can be cashed out in the future. You can also use these accounts to post as collateral, which can help you take out low-interest loans. 

There are many great reasons to take out a life insurance plan in the Parma, OH area. If you are looking for a new life insurance plan in this area, the Capretta Insurance Agency is a great company to contact. The insurance professionals with Capretta Insurance Agency understand the value of life insurance, and they can offer any support you need to understand your options and build an appropriate plan. 

Exploring The Benefits Between Comprehensive and Collision Auto Insurance Coverage

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Capretta Insurance Agency provides coverage to the Parma, OH community. We strive to make sure that our clients find the policies they need to protect their assets. We want to make sure that our clients are protected regardless of possible risks. We look forward to helping you protect your assets.

Exploring Comprehensive and Collision Auto Insurance

Auto insurance covers you as you travel around Parma, OH, and beyond. Accidents can happen any time while you are on the road. Liability coverage protects you if you are held responsible for damages caused by your vehicle. You’ll have to decide whether to add comprehensive or collision coverage to your auto insurance policy.

Comprehensive Vs. Collision

Collision coverage protects your vehicle if it sustains high impact damage through contact with another vehicle or an object such as a tree. Collision coverage also protects your vehicle if it suffers damage from hitting a pothole.

Comprehensive coverage protects your vehicle if it’s stolen or someone vandalizes it. You are also protected if your vehicle is damaged due to a fire or natural disaster such as a hurricane. Comprehensive coverage also protects your vehicle if an unexpected accident happens, such as a brick landing on your car and cracking the windshield or an accidental collision with an animal.

Things To Consider

As you figure out which type of coverage is the right fit for your needs, think about a few factors. Think about having your vehicle appraised so that you’ll know the true value of it. Also, think about the regularity in which you drive your car. You should also consider your community and weather settings before making a decision.

Capretta Insurance Agency Will Help You Cover Your Assets

Visit our website to learn more information about auto insurance.

Smart Tips for Selecting Commercial Insurance Coverage

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Most Parma, OH business owners know they need commercial insurance to protect their budding enterprise. Many, however, need help in selecting the policy their company needs. If you fall into this category, talk to an agent from Capretta Insurance Agency. We’ll explain your policy options, answer your questions concerning coverage and help you determine the protection best suited to your company’s needs. The following tips can help you make wise choices when selecting a commercial policy.

Determine your Business Risks So You Can Choose Coverage Accordingly

The first step to choosing commercial coverage is assessing the risks your company faces for financial loss, considering its location, industry, and makeup. Then choose the coverage that protects you against these risks so you can recuperate your losses.

Standard commercial policies in Ohio offer property and general liability coverage, which most small businesses need. From there, you can customize your policy by adding cyber liability, product liability, business interruption, workers comp, or commercial auto coverage, depending on the protection your company needs.

Compare Commercial Policies

Next, you’ll want to compare what various insurers have to offer before committing to a policy. You’ll want to review the coverage offered by each policy, study how companies handle claims, and compare premium prices. It would be best if you had the option of tailoring your coverage to meet your company’s specific needs, as this maximizes your protection and reduces premium costs.

Work with a Reputable Insurer

Working with a reputable insurer is key to receiving quality coverage at reasonable costs. You’ll also have fewer problems when it comes to claiming your commercial policy. At Capretta Insurance Agency, we work closely with businesses in our local community to ensure accurate commercial coverage to protect their business interests. Call or visit us in Parma, OH today for all your commercial insurance needs.

5 Home Insurance Facts Every Homeowner Should Know

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Before purchasing insurance protection for your Parma, OH home, take time to learn the facts about coverage, deductibles, and premium costs. This knowledge will enable you to make good insurance decisions. The following home insurance facts compiled by Capretta Insurance Agency give you a better idea of how home coverage works to protect your property.

  • Fact #1 – Standard home insurance policies offer basic protection in the form of dwelling, property, and liability coverage. Dwelling coverage protects your home structure. Property coverage protects your belongings. Liability coverage would protect your financial assets from lawsuits if someone were to have an accident on your property. 
  • Fact #2 – Most policies offer protection against theft, vandalism, fire, and natural disasters like tornadoes, rainstorms, lightning strikes, and winter storms. Home insurance doesn’t, however, cover flood damage. For protection against the risk of floods, you’ll need to purchase a separate flood insurance policy.
  • Fact #3 – Home insurance can be customized to suit your individual need. You can select the type and amount of coverage you want to protect your home and valuables. Your dwelling coverage should be enough to rebuild your Ohio home if it’s destroyed by fire or natural disaster. Property coverage should match the value of your belongings to protect these items fully. 
  • Fact #4 – When insuring your goods, you can choose between actual cash value or replacement cost coverage. Actual cash value reimburses you for the cost of damaged goods after taking off for depreciation. In contrast, replacement cost coverage replaces your goods outright at today’s costs. In both cases, you’ll have to meet your deductible first.
  • Fact #5 – Home insurance is the most practical, affordable means of protecting your home and belongings. 

To purchase your home policy, contact Capretta Insurance Agency in Parma, OH today.