What is an Insurance Portfolio?  An insurance portfolio is the collection of coverage that protects your income, assets, and loved ones. Just like a financial portfolio, it should be well-rounded and tailored to your specific needs.  A strong insurance portfolio typically includes:  How Insurance…

  Why a Home Purchase Matters for Your Financial Health  For most people, a house is the largest purchase and investment they’ll ever make. Beyond the mortgage itself, it influences everything from your monthly budget to your long-term wealth strategy.  Unfortunately, many…

   A common question that comes up is whether mortgage insurance and life insurance are duplicative. While it may sound like they provide similar coverage, they work very differently, and one will offer far more direct value to a homeowner’s loved ones.  What is Mortgage Insurance?  Mortgage Insurance (PMI) is often required when a homebuyer makes a down payment of less than 20% of the purchase…

Most people feel confident their homeowners or auto insurance has them covered — until life throws them a curveball. It’s not just major accidents or unexpected lawsuits that can put your savings at risk. Even small events can snowball into…

How Homes Become Underinsured   Several common scenarios can lead to underinsurance:   Why Mortgage-Required Coverage May Not Be Enough   Your lender may only require coverage equal to the outstanding mortgage balance. This is often far less than the amount needed to…

What Is Umbrella Insurance?  Umbrella insurance is a type of personal liability insurance that covers claims exceeding the limits of your other insurance policies. If you’re found liable in a lawsuit for damages or injuries, your underlying policy may only…

Life Events That Warrant a Policy Review  Have you added a room, upgraded your kitchen, or installed a pool? This increases your home’s replacement cost and should be reflected in your policy.  Bought a new engagement ring, home theater system,…

Why Annual Reviews Are Crucial  Checklist for Your Review:  Let Us Help  At Cornerstone Insurance Agency, our agents make annual reviews easy. We’ll walk through your current coverage, identify gaps, and help you optimize your protection.  This article is for…

What Are High-Value Home Carriers?  High-value home insurance caters to homeowners whose properties exceed the limits of standard policies. These carriers specialize in insuring homes with high market values (typically $1.5 million or more), distinctive architecture, and valuable contents like…

  1. Credit Score  Your credit score doesn’t just impact loan approvals; it also influences your home insurance premiums. Insurers often rely on credit-based insurance scores to gauge risk, and those with higher scores may enjoy lower premiums. For example,…