Tristate Home and Auto

Tag: insurance

  • Is my roof damage covered?

    Is my roof damage covered?

    Does your homeowners insurance currently cover the cost of replacing your roof if it’s damaged? Insurance companies are changing what is and isn’t covered when it comes to roofs, which is one of the most common claims in southern Indiana. It is typical that your carrier will only cover ACV, have a higher deductible, or out right not cover roofing related claims.

    Our number 1 tip for buying new homeowners insurance is to make sure your carrier provides Replacement Cost coverage or RC on your roof. Replacement Cost coverage means that if you were to have a claim, requiring replacement of your roof, your insurance carrier will payout the full cost, less your deductible. If it just says ACV, that means that that total cost will be depreciated and you won’t be made whole.

    In addition, many carriers are changing the deductible from that of other perils. For example, it’s common to have a $1000 deductible for a tree falling on the home, but if you have a wind/hail claim it may be a percentage of your homes value. This would mean you would be out of pocket thousands of dollars if this small detail is missed.

    At Tri-State Insurance Group we only recommend carriers that offer full Replacement Cost on the roof, because we realize how important it is. In some cases, where we just can’t get a carrier to offer RC, we make sure and educate the customer. Remember, notify your agent if you have a new roof, it can change your out of pocket expenses when it comes to claim time.

    Common Carriers and Roof Replacement as of 10/13/2025

    Safeco – 20 year old roofs

    Madison Mutual – 15 year old roofs

    Pekin – 6 year old roofs

    Auto-Owners – 10 year old roofs

    Openly – 10 year old roofs

    CELINA – 10 year old roofs

    The trend is that carriers are no longer carrying full replacement cost on older roofs. Big box carriers have even sent out letters telling homeowners to replace their existing roof or be dropped from their policy. If you have any questions or want to get a quote for a carrier offering replacement cost coverage, then give me a call.

  • Homeowner Insurance Carriers

    Homeowner Insurance Carriers

    As an independent agent I am able to price check and shop the best carriers to fit your risk management needs. Below are just some of the carriers Tri-State Insurance Group sells every day.

    Safeco – https://www.safeco.com/

    Madison Mutual – https://www.madisonmutual.com/

    Pekin – https://www.pekininsurance.com/

    Auto – Owners – https://www.auto-owners.com/

    Openly – https://openly.com/

    Celina – https://www2.celinainsurance.com/

    This list is not exhaustive and each carrier offers it’s own benefits and appetite. Finding the right carrier, for your budget, and properly managing your risk is what we do. Give me a call today for a free consultation.

  • Maximize Protection, Minimize Cost: Smart Homeowners Insurance for Evansville

    Maximize Protection, Minimize Cost: Smart Homeowners Insurance for Evansville

    Protecting your financial future shouldn’t feel like a burden. That’s why myself and the team at Tri-State Insurance Group in Evansville, Indiana create smart policies tailored to each individual. The risk your home presents is molded by where you are in your life’s journey. This post will cover some of details to help you make a better decision on a new homeowners insurance policy.

    Your home is more than walls and a roof – it’s memories, safety, and dreams. Insurance ensures you never lose more than just things.

    And those things are replaceable with the right coverage. But you will most likely have more things to protect the older you get, starting a family, earning more in your career, paying for college, the list goes on. That’s why a homeowners policy for a home, doesn’t just go with the dwelling, a homeowners insurance policy should cover the things that matter to you.

    That’s why most major homeowner insurance companies recommend reviewing your policy every single year. Since covid, this is probably more important. We have seen home values increase in value faster than in years past. If your insurance hasn’t been reviewed for the past 5 years, its possible you don’t have enough coverage. A home that cost $170,000 to purchase 5 years ago, might take $300,000 to rebuild at todays prices. A smart policy will get reviewed and updated if required every year.

    How about liabilities? Fresh out of college you don’t have a lot to protect, yet. However, down the line as your wealth grows and you accumulate stuff, the cost to replace and protect all those items increases. Yet another reason to keep that policy updated and have the backing to cover those unexpected exposures.

    None of the increases in coverage and homeowner insurance policy reviews matter if it’s not affordable. We know it has to make financial sense, which I take the time to ask the questions, review options, and shop carriers that are interested in your business. Along the way I can help look out for the pitfalls and gaps that would make a bad experience worse.

    Give me a call, Chris Davidson at 812-475-9595 extension 113 to get started. If I’m your agent, you know the policy is on the house!

  • Earthquake Coverage for Southern Indiana

    Earthquake Coverage for Southern Indiana

    If you own a home in Evansville, you should have earthquake coverage. Adding an earthquake endorsement to a homeowners policy is inexpensive and a great way to manage the risks of living in Southern Indiana.

    Your home is not covered in case of an earthquake, unless it specifically states it on your policy.

    When choosing Earthquake coverage, it’s important to understand what the costs are. Like most insurance policies, it’s not just the up front premium, but also the deductible that can make a difference. The team at Tri-State Insurance Group offer earthquake insurance with deductibles as low as 2.5%, one of the lowest deductibles in the nation. Most earthquake deductibles range from 5%-25%.

    We don’t have frequent earthquakes in southern Indiana, but we do live in the danger zone. Evansville is located at the northern edge of the New Madrid Fault Line, which is responsible for the largest earthquake in North America. Be prepared, cover the risk, and get Earthquake insurance today.