Your home is most likely center of your daily life, and likely your most valuable asset. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands this simple fact. We help you find the right company and coverage’s that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and fair pricing.
Depending on where you live such as a house, apartment, duplex 4-plex townhouse or condominium, the right home insurance policy can provide you peace of mind as well as the money you need to repair or replace your home and or belongings.
Home Insurance Policies
Whether you own or rent, 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 insurance policies differ by which losses are covered, which coverage’s you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy HO-5 that cover 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.
Whether you’re a home or condo owner, a renter, or a landlord, we will work with you to find a home insurance policy that fits your needs. We specialize in making it easy to choose the insurance coverage that gives you the best value for the best price.
Your home insurance policy is most often made up of the specific options you choose. How much you’ll pay for your policy depends on:
- Options you select – Often home owner insurance options are priced individually, so how much you’ll pay for your policy depends on what coverage’s you buy.
- 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. Always get a quote for a 1000 dollar deductible.
- Where you set your limits – You may choose to set higher limits than the recommended amount if appropriate to your situation and needs. A pool, dog, trampoline.
The Right Coverage. The Right Price. The Right Value
The amount you pay for your home owners insurance depends on many factors. Think of your personal housing situation, and the assets you want to protect.
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. Always minus the land value.
Don’t let your mortgage company or insurance company over-insure your property. This can result in higher premiums and higher deductibles when it come to earthquake amounts.
- 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. When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued. The cost to go from $300,000 to 1 million per year is only about an extra $25 dollars per year.
- Medical Coverage – 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.
- Additional Living Expenses – If you can’t live in your home because of a covered loss, your home insurance policy will pay additional living expenses (commonly for up to 24 months) while damage is assessed and your home is repaired or rebuilt.
- Protection for Your Belongings – Your home is filled with furniture, clothes, electronics and other items that mean a lot to you. Personal Property Insurance helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.
- Scheduled Personal Property Coverage – If you have special possessions such as jewelry, art, antiques, gun, cameras 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.
- Protect the Things that Matter to You – Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video – using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. Keep in mind that your policy doesn’t cover damages caused by poor or deferred maintenance on your part. Download are free inventory worksheet.
Worried you aren’t completely covered? Consider an umbrella insurance policy that extends your coverage. How about EARTHQUAKE, FLOOD AND LANDSLIDE? We shop for you, compare for you, and you make the choice.
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Types of Homeowner’s Insurance Policies
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