Having home insurance through a financially stable carrier is crucial.
The Home insurance marketplace has been volatile in recent years due to rising construction costs and, in some areas, extreme weather conditions. A few home insurance providers have been forced into liquidation. We monitor the insurance companies we represent and offer top-ranked alternatives so that our clients' home insurance coverage is uninterrupted and trouble-free. We will work with you to provide a policy that has the highest level of customized coverage, financial company stability, and competitive pricing.
The right home insurance policy will provide you with peace of mind as well as the money you need to repair or replace your home and/or belongings. Contact us for more information today!
What Is Home Insurance?
Insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.
Homeowner's policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that covers losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specified losses.
How Much Does Home Insurance Cost?
Your home insurance policy is most often made up of the specific options you choose, so how much you’ll pay for your policy depends on:
- What you select. Oftentimes homeowners insurance options are priced individually, so how much you’ll pay for your policy depends on what coverages you choose.
- How much you want to cover. Higher deductibles usually lower your premium price by shifting part of the loss payment to you. For example, if you had a $500 deductible, you would be responsible for paying the first $500 of the covered loss.
- Where you set your limits. You may choose to set higher limits than the recommended amount if appropriate to your situation and needs.
Worried you aren’t completely covered? Consider an umbrella insurance policy that extends your coverage.
Common Coverage Options
Protection for Your Home
Property or Dwelling Coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm.
Protection for You and Other People
Personal Liability Coverage applies if someone is injured or their property is damaged and you are to blame. The coverage generally applies anywhere in the world.
Consider how much money you make and the assets you hold when deciding on your liability coverage limits. If you are sued, your personal liability coverage should be sufficient to safeguard your assets.
This covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.
Protection for Your Belongings
Personal property is typically covered against windstorm and hail, vandalism, fire and lightning, damage by vehicle or aircraft, bursting of plumbing systems, damage from falling objects, theft, damage caused by weight of ice and smoke. In addition, coverage can be provided for Personal Liability, Medical Expenses of Others which result from injury on your premises and Damage to the Property of Others while on your premises.
Additional Living Expenses
If you can’t live in your home because of a covered loss, your home insurance policy can pay additional living expenses while damage is assessed and your home is repaired or rebuilt.
Scheduled Personal Property Coverage
If you have special possessions such as jewelry, art, antiques or collectibles you may want to talk to your agent about this additional coverage. It provides broader coverage for specific items.
If You Rent Out Your Home
Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings. Visit our Landlord Protection Insurance page for more information.
PROTECT THE THINGS THAT MATTER TO YOU
Make a list as well as take photographs or video of your home and personal belongings' inventories. Having two inventory methods can speed up claim resolution. Keep this list someplace other than your home. Remember that your policy does not cover damages resulting from poor or delayed maintenance on your part.
Every home is unique – talk to us today to find out how to get the best price and value on homeowners insurance for you.