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Homeowner's Insurance

Actual Cash Value (ACV) Vs. Replacement Cost Value (RCV)

Actual Cash Value (ACV) Vs. Replacement Cost Value (RCV)

Buying items is simple. Selling things is a little more difficult, but still fairly straightforward. As long as humans have been around, we’ve been giving value to certain items, whether it be monetarily or otherwise. “How much does it cost?” isn’t that complex of a question – until it is.

So when it pricing complex? Pricing becomes a problem when claims adjusters get involved. Finding a definitive price for an item not on the market, after depreciation, and so forth is an art form. Well, more like a science. So how do claims adjusters find the true or definitive price of an item?

The Basics

Enter actual cash value (ACV) and replacement cost value (RCV). Actual cash value is the cost to replace an item minus depreciation. Replacement cost value is the cost to replace the asset at the full present value.

While these concepts may seem straightforward, things can get complex quickly. Adjusters not only need to decide on the value of an item, but there are also numerous local and state laws that can impact how ACV and RCV are calculated.

Diving Into Differences

Each state tends to handle ACV and RCV a bit differently. For instance, California includes an interesting tidbit in their legislation regarding these issues. In California:

“Actual cash value is the amount it would cost the insured to repair, rebuild, or replace the item lost or injured less a fair and reasonable deduction for physical depreciation based on its condition at the time of the loss.”

While seemingly fair, this leaves pre-loss condition in a tough situation. Many adjusters have found themselves between a rock and a hard place due to this law. Often, it can be difficult to determine what an item actually is – much less its exact condition at the time of the loss.

Unique or Obsolete

Furthering confusing things, an adjuster has to work with obsolete and unique items. Not even item loss will be easily purchased on No, there will be a variety of items that hold a unique value for the owner. Many of these items will be tough to find pricing for.

This Honus Wagner baseball card sold for 2.1 Million in 2013

This Honus Wagner baseball card sold for 2.1 Million in 2013

As an adjuster, understanding that one man’s trash could equate to another’s treasure is paramount when dealing with these unique cases. When dealing with these cases, communication is key. The adjuster must work to understand the insured and what he or she places value on. You need to understand the insured and the item before placing a value on it.

When dealing with these items, begin by understanding what exactly the item is, how it was used, and if the insured still values it. Many times, an adjuster will need to dig deep and do some research before giving value to a unique or obsolete item.

If an adjuster is struggling to price an item properly, try:

  • Consulting experts in the field. Look for a certified consultant who can help you give value to a unique, obsolete, or high-priced item. Always verify these individuals’ credentials.
  • Use the Internet. While Internet pricing isn’t the most accurate, you’ll often be able to gather a working knowledge of the item and its value by going online.

Overall, the best way to determine value for an obsolete or unique item is to find a similar item already on the market. Finding a similar kind and like item can ensure fair pricing and valuation for both parties.

Understanding Antiques

Antique items open a whole other bag of worms for adjusters. Not every item that is older is considered a valuable antique. Most items are required to be a certain age and origin to qualify. A minimum of 100 years old is required for an item to be “antique” from an insurance perspective. Adjusters should handle antique items in a similar manner to obsolete and unique items.

Actual Cash Value Vs. Replacement Cost Value

Overall, understanding the actual cash value versus the replacement cost value isn’t that complex. Most homeowners will benefit from RCV more than ACV when an adjuster is looking into their claim. How a state handles these cases and individual policies will go a long way in determining how the claim is calculated.

For more information about Actual Cash Value (ACV) vs. Replacement Cast Value (RCV) contact Skyline Risk Management, Inc. at (718) 267-6600

5 Ways to Mitigate Risks During Holiday Parties

5 Ways to Mitigate Risks During Holiday Parties

The holidays are here. Thanksgiving, Christmas, New Years and more are some of the best times of the year. They are also some of the most dangerous from an insurance and risk perspective.

See, millions of Americans host family and friends for days and night of joyous celebration during these times. These parties and events often require days upon days of planning, coordination, and more.

Due to the nature of holiday parties, many risks rear their ugly heads during this beautiful time of the year. Many hosts chose to hire vendors to help with the parties and mitigate these risks. This can open a whole other can of worms when your personal liability exposure is taken into account.

5 Ways to Mitigate Risks During Holiday Parties

While thinking about personal liability isn't how to put one in the holiday spirit, there's hope. Here are five easy ways to mitigate risks during holiday parties and limit your exposure:

1. Focus on the Basics

Hosting a large holiday party will require hiring vendors and coordinating the event. However, every single vendor you hire will bring on added risks. To mitigate these risks, you'll need to focus on one fundamental issue. You must make sure every single vendor you work with is bonded, licensed, and insured.

Once you have confirmed these facts, you'll need to understand the details of their insurance coverage. Find out information like:

  • Their carrier
  • Adequate coverage for you event
  • Policy limits
  • References

While you won't be able to talk about a vendor's insurance coverage with a reference, you may get a glimpse into how the vendor responds to a crisis – especially important around the holidays.

2. Get a Contract

Once you found a great vendor to work with, you'll need a signed contract that clearly states the services and functions your selected vendor will provide at the party.

Make sure the contract clearly details dates of services and exact times. Also, it's vital that a contract has a hold harmless clause include. The provision ensures that hosts are not held responsible for damages related to a vendor-related injury or accident.

3. Be Careful with Booze

Holiday parties and booze go hand in hand. “Many a great story” only happened because a holiday party got out of control after the booze started to flow. Still, you need to take a few precautions if you're serving alcohol at your holiday party.

First and foremost – you should only hire a bartending or catering service that insures its staff against any and all booze-related liabilities. This is of the utmost importance.

Next, you need to understand personal liability. It's imperative that you let the bartenders do what they do best – serve drinks. Do not get involved with the pouring of drinks. Bartenders need to card anyone they suspect to be under a certain age during the event. This is the law and will ensure you're not held liable for any underage drinking issues.

4. Pay Attention to Parking

Parking can play a huge role in your holiday party, especially as an event gets larger and larger. Hiring parking attendants or a professional valet service can ensure smooth sailing on the roads during your event. You'll avoid blocking roads, minimize collisions, and ensure the safety of your guests.

As always, you'll need to work with a properly licensed valet company and get a contract in place. Once this is done, you can begin working on a parking plan with the company.

5. Slip & Fall

Finally, you need to pay attention to the weather during your event. With snow, sleet, and ice common in the winter months, you'll need to have a plan in place that gets guests from parking to the party in safety.

To do so - you'll need to prevent slips and falls. Start by removing all ice and snow from any walkway or staircase. Make sure you have salt or sand on hand during the event.

Next, add some additional lighting on walkways to ensure black ice won't sneak up on anyone. Then you'll want to post signage warning guests to pay attention and watch their steps. 

For more information on how to mitigate risk during the holidays contact Skyline Risk Management, Inc. (718) 267-6600

Understanding Your Homeowners’ Insurance Policy

Understanding Your Homeowners’ Insurance Policy

When homeowners buy an insurance policy, they most often opt for a standard policy. They very often do not take the time to read their policy when their receive it, and this can be a big mistake. If you don’t read it, you will not know what coverage you have and which of your home’s contents are covered. This review is essential.

The majority of policies offer coverage for the structure and contents of the home, as well as living expenses if the home is unlivable due to a fire or other covered issue, and damage or injury to family members or that your pets may cause others. While you may think you have a good understanding of what is covered and not covered on your homeowners’ policy, you may be surprised to find that your policy covers much more than you think.

Following you will find some examples of coverage that you may have on your homeowners’ policy. Each policy is different, however, so it is important that you read your insurance policy in its entirety or talk to your agent to ensure you understand exactly what insurance coverage you have.

1. Burglary in the Dorm

If you have college-age children and they live away from home in the dorms, you may have coverage for theft or other loss of their personal belongings under your homeowners’ policy. While you may have thought you would have to buy an additional policy to cover your children’s belongings when they live on campus, many homeowners’ policies have this coverage included at a certain percentage of your property coverage.

2. Spoiled Food

If the power goes out your refrigerator and freezer can’t function, and this could lead to the loss of all the food in these two appliances. This could add up to a significant expense, and your homeowners’ policy may offer coverage for the spoiled groceries. This coverage is normally subject to a limit of approximately $500 or less, but it can come in quite handy.

3. Falling Objects

Very rarely, you hear about things falling from the sky and crashing into someone’s home. Your homeowners’ policy may cover this. This could include such things as plane tires or even large chunks of ice, which are a peril no matter where they come from.

4. Clean-Up

If a crime, such as a murder or suicide, happens in your home, there could be some clean-up needed. This could be at a huge cost, but some homeowners’ policies cover this cost. If you think this could be a coverage you need, check with your agent to be sure you have this type of coverage.

5. Credit Card Unauthorized Use

Your belongings are covered by your homeowners’ policy no matter where you are in the world. This includes $500 of coverage if your credit cards are used without your authorization.

6. Your Policy May Not Cover

You now understand that there are some surprising things that may be covered by your homeowners’ policy, but there are other things that you may not be aware that your policy may not cover. While some of the more common ones are listed below, there are other items discussed in this presentation by Bankrate that are not so common and are not covered by your insurance. The common ones include:

7. Wear and Tear

Time causes personal property and your home to wear out or become more susceptible to being damaged. This damage is not going to be covered under your policy.

8. Flood

Flood is excluded from nearly every homeowners’ policy. This type of coverage is normally purchased separately through the National Flood Insurance Program or through a private flood insurance company. When you are choosing a policy, make sure you have enough coverage to pay for the total cost of rebuilding.

9. Earthquake

Damage from earthquakes is also not covered under homeowner policies. Earthquake coverage must be purchased separately as an endorsement or earthquake policy.

The thing to remember is that a homeowners’ insurance policy can be personalized to fit your particular needs. Talk to your agent to create the right coverage package for you.

Most homeowners' insurance policies can be customized to cover a wide variety of perils. Talk to Skyline Risk Management, Inc. (718) 267-6600 about your needs and to find out what types of special coverage may be available.

Condo Insurance: What to Know Before You Buy

Condo Insurance: What to Know Before You Buy

Purchasing a condo is a process that involves many different steps. One step in the process that many do not think about is buying condo insurance.  While condo insurance shares similarities with homeowners’ insurance, there are some distinctive differences to be aware of when it comes to purchasing and insuring your condo.

Master Policies

If you buy a condo, it will inevitably be a part of a condo association, along with the other units in your building or complex. The association typically purchases an insurance policy that covers all of the units in the building or complex, known as a master policy.  The master policy insures the common areas shared by all owners, as well as part of the structure of your condo itself. The tricky part here is that not every master policy is the same.  Some will cover only the roof of your condo, others cover anything from the wall studs on out, and there are even some that will cover every part of the structure of your unit.

It is incredibly important to check with your association to make sure that they have a master policy and to find out what it covers; that way, you know how much insurance you need to cover on your personal policy. Even if the master policy covers every part of the construction of your condo, there are still coverages that you can only get through a condo policy.

Personal Property

One of the most important parts of carrying an individual insurance policy on your condo is the ability to cover your belongings through personal property coverage. No matter how thorough your association's master policy is, it will not provide coverage for the belongings you own. Your agent can help you with recommendations as to the amount of personal property coverage to add, but ultimately it is a good idea for you to take inventory of your belongings and the total value so that you have an idea of the level of coverage that you are going to need. If you are purchasing the condo as an investment and don't believe you need property coverage, think again. Having a condo as a rental property presents a different set of complications.

Loss Assessment

Another important aspect of carrying your own insurance policy on a condo is the consequences of what happens when your association files a claim on the master policy. Just like you have a deductible on your own condo policy, a master policy often has a deductible as well. The difference is that the master policy usually has much larger deductibles – sometimes hundreds of thousands of dollars. The association then splits that deductible between unit owners and charges you a portion, which could amount to thousands of dollars per property.  Luckily, there is a coverage on your condo policy for those potential out-of-pocket expenses. Loss assessment coverage will provide coverage if your association makes a claim on their master policy and charges you a portion of the deductible. Making sure you have enough loss assessment coverage to meet the master policy's deductible is another reason to make sure that you know what your association's master policy will cover.

Condos can be a great place to live or a great investment, but they do come with many peculiarities when it comes to purchasing condo insurance. Make sure to check with your association and your agent to make sure that you have the right amount of coverage for your condo before you buy.

Thinking of purchasing a condo? Contact Skyline Risk Management, Inc. at (718) 267-6600 for a free risk assessment. 

What You Need to Know When a Windstorm is Coming

What You Need to Know When a Windstorm is Coming

Whether it be hurricanes, typhoons, cyclones or another type of windstorm – you never know when they'll hit. You just know they may. When the worst happens, small business owners are often in a world of hurt.

Windstorms can have a disastrous effect on your company. Small business owners have a lot to lose when damaging storms come through. Property damage and business interruption, are typically covered by insurance coverage, but time out of business can hurt your reputation, which can lead to a loss of market share.

Skyline Commercial Insurance wants you to be ready. So here is how you can prepare for a windstorm, so no such things occur:

  • Create a Plan: Write down exactly what needs to happen if a windstorm did hinder your business. Detail exactly who in your organization would be responsible for what. Assemble any emergency supplies that could be required. Then put together a list of contractors, vendors, and other services that could come in handy during an emergency.
  • Secure the Perimeter: Make sure the outside of your company is prepared for a storm. Fasten down any and all loose equipment. Move items indoors if needed. Remove any large trees or limbs that could damage any buildings in the area during a windstorm.
  • Take Care of the Roof: Next, you will want to inspect the roof. Make sure no repairs are needed. Your roof could take a lot of damage during a windstorm. You need to make sure it is in excellent shape.
  • Fuel Up: You don't want any fire pumps, generators, or company-owned vehicles to run out of gas during a time of emergency, so fill up all your tanks before the storm hits.
  • Protect Windows and Glass: Any window or door that has glass must be protected. Throughout your company, find any of these areas and attach pre-fitted windstorm shutters. This will seal your perimeter, which ensures no broken glass.
  • Protect Electronics: Your computers, machinery, and all electronics will be damaged if water reaches them. Right before the storm, try to cover all your electronics with a plastic tarp and move things to a safe location. Backing up data is also essential.
  • Watch for Chemicals: Do you have any chemicals on hand? If you store any type of chemical, you need to make sure they are properly and safely stored. If not, a storm could cause such chemicals to react in a violent manner if they come together accidentally.
  • Prepare for the Flood: Vulnerable openings around your building should be covered with sandbags. Electronics should be moved to a higher elevation and covered with a plastic tarp. Turn off the electricity in your building once the storm and flood are nearing.
  • Turn It All Off: If the storm is nearing, turn everything off. From electricity to gas lines to all flammable sources – make sure everything is off.

Understanding Insurance

After the storm has hit, you'll want to check your insurance policy. You'll need to check the type of coverage and level of coverage. Different events can be insured in different manners in certain locations. This includes landslides, tree damage, flash flooding, and more. As a small business owner, it is your duty to ensure your business is properly covered by any threat, especially windstorms.

You never know what damages might occur as a result of a powerful weather storm. Contact Skyline Risk Management, Inc. at (718) 267-6600 to evaluate your options and voice your concerns. 

The Ins and Outs of Homeowners’ Insurance

The Ins and Outs of Homeowners’ Insurance

What your homeowners’ insurance policy covers, what it doesn’t, and how to protect your home.

Insurance policies can be hard to understand, and most of us don’t want to spend time delving into complicated documents to find out exactly what is covered under our various insurance policies. Although it can take some work, knowing what your insurance covers is a very important part of owning your own home.

Most homeowners’ insurance policies have similar standard policy coverages, but it’s important to know what these coverages are. Knowing what your base rate of insurance coverage is can help you determine whether or not to buy additional insurance.

Standard homeowners’ insurance

A standard homeowners’ insurance policy will typically cover damage to your home and the things inside your home. Homeowners’ insurance may also cover some legal liability for certain situations that are specified by the insurance policy. If you are unable to live in your home for reasons such as a disaster that is covered by your insurance policy, like a fire, you could be reimbursed for those expenses.

Most homeowners’ insurance policies have additional policy offerings that go above and beyond common household injuries or damages. Some policies could cover a child’s belongings under the parents’ homeowners’ insurance if they are away at college and living in a dormitory. Some restrictions apply, but for individuals with children in college, checking into this part of your policy could be beneficial.

A standard homeowners’ insurance policy may cover falling objects; random accidents involving falling objects could have a major impact on your home, and regardless of origin, an insurance policy could cover an event like this under a “covered peril” clause.

Most people don’t realize that their insurance policy could cover them during power outages. If your refrigerator or freezer loses power because of an outage or a storm and your food spoils, you may be able to be reimbursed for the food that was lost. Your insurance policy would detail the amount of money you could get back from a situation like this, and it could be a great financial help if your policy covers that type of loss.

Detailing your insurance policy

One important aspect of a homeowners’ insurance policy that most people neglect is the legal liability clauses. Legal liability for your home is very important when it comes to keeping you, your family, and others who come into your home safe. Legal liability can protect you if there are lawsuits filed against you for injuries or accidents that occurred in your home or on your property. Damage to your home or belongings, or injuries to a third party, could also come under the legal liability portion of your homeowners’ insurance policy.

Homeowners’ insurance policies generally do not cover flood or earthquake damage, or damage from general wear and tear on your home and your belongings. To determine whether you require any additional coverage options, it will be helpful to start by knowing what your current basic homeowners’ policy covers and discussing it with an insurance agent. Knowing all the details of what your homeowners’ insurance policy covers will put you in a place to better understand under what situations you are covered and where your insurance policies may not offer you adequate protection.

Has it been a while since you've shopped your homeowners' policy? Contact Skyline Risk Management, Inc. at (718) 267-6600 to voice your concerns. 

Auto Insurance Faces Industry Changes

Auto Insurance Faces Industry Changes

Understanding the automobile insurance changes affecting commercial trucking companies.

The world of automobile insurance is wide and varied, just like the diversity of the vehicles on the roads everywhere in the world. Automobile insurance is constantly changing to meet the needs of car owners, automobile companies, and transportation ventures globally. The market rises and falls just as it does in other insurance fields; the trends are often quite different from one year to the next.

When it comes to commercial automobile insurance, recent trends are actually almost the opposite of what they are in the rest of the automobile insurance world. Most car insurance policies are relatively inexpensive and the risk is spread over a large group, thus there are more insurance options made available for automobile owners. However, the relatively small pool of commercial vehicles such as trucks has seen insurance costs rise along with the risks associated with these types of vehicles.

Factors in rising costs

Trucking and other transportation companies in the United States have to conform to local, state, and federal regulations. These companies operate large vehicles with varying amounts and types of cargo, and are often taking this cargo over state lines. Truckers can work long hours with little sleep in order to reach their destination on time, and the risks associated with this kind of driving can boost insurance costs.


The market for commercial trucking companies is hardening while the general automobile insurance market is softening. This is caused by several factors that developed over the past few years and have all come into play to impact the market at the same time. The pool of insurance underwriters dealing with commercial trucking insurance is smaller than that of the mainstream personal automobile industry, and costs have gone up as fewer underwriters are willing to accept the risks these companies pose.

In addition to tired drivers, the vehicles themselves can also boost insurance costs and risks. Large vehicles are dangerous to smaller vehicles on the road, and regulations regarding size and fuel efficiency mean some vehicles are more expensive to repair when they wear out or break down.

The injuries and damages associated with commercial trucking may also raise insurance costs; drivers who have been involved in accidents take longer to recover and their medical bills can be quite expensive.

Keeping costs down

Keeping costs down when it comes to commercial trucking insurance is a task transportation companies and insurance companies are facing. The insurance trends will likely swing in a different direction as the market changes, as it always does. However, there are a few things commercial truckers can do to make sure they are able to obtain affordable insurance in the future.

Transportation companies that have maintained good safety records and safe driving habits will likely be able to renew their auto insurance at reasonable rates. Planning for insurance renewal early can help, as can searching the market for the best auto insurance deals. Installing telematics to track safe driving habits of drivers and the safety of their vehicles in case of a crash may also help bring the costs of insurance down. 

Taming Your Animal Liability Risk

Taming Your Animal Liability Risk

For many of us, life would not be complete without our animal companions. They become part of the family, and just as you want to ensure that your human family members have coverage for liability claims, you also want to do the same for your furry family. The need for animal liability coverage is especially evident when it comes to man's best friend; in the unfortunate event of a dog attack or bite, you could find yourself in a very hairy situation if your homeowner’s or renter’s insurance policy doesn't have the proper coverage.

What is the Risk?

Of course, it is a natural human tendency to want to believe that our pet would never attack a person, but the truth is that nearly a third of all homeowners’ claims are from dog bites.  It’s not the number of claims alone that is important to be aware of, but also the amount paid out for those claims.  With large settlements being awarded to victims of dog attacks, proper liability coverage is now more important than ever.  Without animal liability coverage, the judgment could be a huge financial setback.

Additional needs for Animal Liability Coverage

Dog bites are not the only type of injury that prompts a need for animal liability coverage.  Even a friendly, but overly excited dog can knock someone down, potentially causing injuries severe enough to put someone in the hospital, especially if the victim is a child or elderly.  Animals other than dogs can cause concern from a liability standpoint as well. Many farm animals, and any animal that is considered exotic, can raise a flag of concern for the insurance company. Just as with dogs, you will want to make sure that your animal is acceptable to your insurance company. 

Insurance Requirements

 An important thing to know about liability coverage for your animals is that it is typically not included under a standard homeowner's policy. Some carriers allow you to endorse the policy for animal liability coverage, and others will exclude coverage for animal attacks altogether.  When you purchase a policy, the insurance company will ask you about the types of pets that you have. Make sure to be honest.  It is not worth stretching the truth about the breed of your dog to get a policy. If something were to happen, not only will you have no coverage, but the insurance company could take you to court for insurance fraud. Just because one carrier will not accept certain dog breeds does not mean that will be the case with every carrier.   If you did not have any pets when you purchased the policy, but later got a dog or any animal that might be considered exotic, make sure to check on whether that breed or type of animal is acceptable under the conditions of your policy.

Remember—as they say, the best defense is a good offense. Check with your agent to see what kind of animal liability coverage you have on your policy. If you do not have animal liability, but have a dog or exotic animal, talk to your agent about how to get the coverage you need. Also, make sure that your pet fits within the underwriting guidelines detailed in the policy.

Have a furry friend at home? Call a Skyline Risk Management, Inc. (718) 267-6600 to protect your pets! 

Thanks, Airbnb! Home-Sharing Exposures Increasing Lately

Thanks, Airbnb! Home-Sharing Exposures Increasing Lately

Renting a home out has become a common occurrence as of late. With services like Airbnb, HomeAway and FlipKey dominating the home-sharing landscape, new and unique exposures have become commonplace.

Personal line policies don't come close to fully covering homeowners or renters who put a piece of their homes up for rent on such sites. Many homeowners' policies do allow insureds to rent certain areas of their homes on occasion, but this coverage doesn't extend to theft and rarely covers furnishings and damage.

If the homeowner rents to two or more people, then the coverage becomes even more problematic. As such, many insurance carriers are working overtime to develop coverage solutions for clients looking to stay covered while make extra cash renting on Airbnb.

Here are a few tips you can do if you are facing a similar situation:

Homeowners Endorsements

Many insurance companies have created new policy add-ons to help cover home-sharing exposures. These new changes are referred to as endorsements or riders in the insurance industry and can be added to most existing homeowner insurance plans. The goal of such endorsements is to fill any gap created by sharing a home with short-term tenants.

Many of these policies protect homeowners from short-term tenants stealing valuable electronics or destroying furniture. Essentially, you would be buying extra protection for your personal property. Grey areas are removed, and home-sharing homeowners can feel a peace of mind while making extra money.

Some of these endorsements include up to $100,000 in liability coverage. Most cover appliances, carpeting and much more. Even small watercraft coverage can be extended with some of the policies.

Coverage Replacement

If you are renting out a freestanding secondary residence through home-sharing sites like Airbnb or HomeAway, the coverage can be different. Endorsements typically cover renting rooms or areas in your actual residence. If you have another property, then they may want to look at coverage replacement.

This is a brand new type of coverage created by HomeAway and CBIZ Insurance. The policy allows people who rent full homes on such sites to replace their old homeowner's policy with a policy called HomeAway Assure. The policy is a home-sharing policy that completely replaces a current homeowners plan.

Home-sharing coverage replacement actually covers more than just property, liability and such. These policies cover business personal property and loss of income if damage is done to the property.

For example, if a pipe breaks and floods a home that you rent out, this policy would cover not only damages, but also the loss of income incurred while the home is being repaired.

Keep Home-Sharing Safely

If you use such services and sites, it's imperative you understand the insurance obligations surrounding home-sharing. Many individuals looking to limit their exposures while still making extra money on Airbnb will find these policies to be a great benefit.

Use Airbnb frequently? Contact a professional at Skyline Risk Management, Inc. at (718) 267-6600 to find the proper coverage for your home.