Entries by Tosten

Understanding Recoverable Depreciation

Chances are that you have never heard the words “Recoverable Depreciation,” unless you have had a homeowners insurance claim. If you have had a homeowners claim, and are staring at that word, you probably don’t know what it means, are also staring at a check, and might even be a little bit angry the check […]

Ancillary Auto Insurance Coverage

So we have already seen how we insure an auto for its primary coverage options. We cover liability, uninsured/underinsured motorist coverage, medical payments, collision, and other than collision, which would all be primary coverages. There are a few ancillary coverage options that vary from company to company, so it’s important to ensure that if these ancillary coverage options are […]

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Insurance Coverage Forms

Insurance coverage isn’t always the same. Understanding what is covered under your insurance coverage form is important. Sometimes you will hear agents throw out the terms basic, Broad, or Special in regards to the coverage. These are called coverage forms, and they basically indicate what the policy will cover you for. Other times they will […]

Insurance Reality Check

I have heard it said that insurance isn’t worth the paper it’s written on when a claim happens. As an insurance man, that pains me, because regardless of the product, most problems with claims are related to misunderstandings and misplaced expectations. One of the biggest issues investors run into is assuming something is covered, when […]

ABOUT GILA INSURANCE GROUP’S REAL ESTATE DIVISION

The mission of Gila Insurance Group LLC when it comes to investors is to be the insurance team member of choice for real estate investors that invest in single family homes as rental properties or seasonal homes, to educate real estate investors on how to protect their investments and cash flow properly in order to […]

WHAT CAN YOU DO TO BE PROACTIVE WITH YOUR INSURANCE CLAIM

If you have had a claim, being proactive can help your claim to get settled more quickly. Here are a few tips of how to be proactive with your claim. Get help – Contact the authorities. This can include the fire department, emergency medical personnel or the police depending on the nature of the claim. Take […]

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Motor Home Insurance – Insurable Motorized Units

When it comes to RV Insurance, there are several different types of insurable RVs including “Motorized” and “Non-Motorized” units. When it comes to “Motorized” units there are several different shapes and sizes, but most the most common types are motorhomes. However, even motor homes come in all different shapes and sizes. Below is a summary […]

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Valuing Your Investment Property For Insurance

Valuing of an investment property can be difficult. Add in the idea of a different value for insurance and you have a complicated world. Demystifying Insurance Valuation Lessons from Goldilocks The valuation of any asset can be tricky, and who better to understand that than an investor. I once approached an owner of a property […]

Additional Coverage for Your Home Insurance

Homeowners Insurance policies, whether for your own home or a rental property, are very specific about what they cover, but oddly enough they throw in a couple of “extras” or additional coverage. What are those? Let’s take a look! ADDITIONAL COVERAGE There’s free stuff in my insurance policy? Yes. So, great news there are only […]