House insurance provides financial protection against disasters that could otherwise devastate your life savings. A standard policy insures the home itself and the things you keep in it.
Homeowners insurance is a package policy. This means that it covers both damage to your property (buildings and contents) and your liability or legal responsibility, both personal and for your home location, for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets such as dog bites.
Damage caused by most disasters is covered but there are exceptions. Flood Insurance is one of those exceptions. You must buy a separate policy for flood coverage.
Why do you need homeowner’s insurance?
It is really all about protecting yourself financially if something unexpected happens to your home or possessions. That’s important because chances are your home is likely one of your largest investments.
If your home was damaged by fire or by a natural disaster, you’d need money to repair or replace it.
If a guest in your home is injured, liability protection and medical coverage help pay expenses.
If you are a victim of theft or vandalism, it can reimburse you for your loss or pay for repairs.
If you still have a loan on your home, your lender will require insurance.
Questions to ask your agent.
Here are a few things to consider and questions to cover with your agent:
How much will it cost to rebuild my house and replace my belongings if they are damaged or destroyed? This is not the same thing as market value or tax value.
Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
What discounts are available? (Ask about multiple policy, security system and fire resistance discounts.)
What's the process for filing and settling a claim? (Ask who to call and what happens after you file a claim.)
If I have a claim how will my company respond? Does my company have a good reputation in the community when it comes to claims?
What if my rates change, do you have multiple companies to select from to help keep me covered? This is just one more of the benefits for selecting an independent agent.
Will my agent be able to shop between multiple companies in order to find the best coverage for my family at the best rate?
What is home insurance and what does it cover?
What is covered?
It is important to know that homeowners insurance is meant to cover unexpected damage, not routine maintenance. Ask your local independent agent to breakdown what is covered and be sure to read your policy so you know exactly what’s included and what is not.
Coverage options we offer:
Water Backup Coverage
Replacement Cost (Read About Replacement Cost)
Jewelry and other Personal Property Scheduled Coverage
Identity Fraud Restoration (Read About Identity Fraud Restoration)
Equipment Breakdown (Read About Equipment Breakdown Coverage)
Teachers Liability Protection
Service (Utility) Line Protection
Other members of the household coverage (“Significant others”)