If you’re a homeowner, you need to have a home insurance policy to protect your asset. If you have a mortgage, your insurance premiums are typically part of your mortgage payments. But even if your lender pays the insurance company on your behalf, you decide who you insure your home with. Our team of insurance agents is here to help you find a customized policy that fits your needs. We work with many highly rated insurance companies to help you find great coverage at the great rates. You have to ask yourself…
What would happen if a disaster struck your home tomorrow? Are you confident you are properly covered for damages and total loss? Would you be required to pay out of pocket for some or all the repairs?
These questions are crucial to address, because major insurance carriers may put a hold on new clients prior to a forecasted natural disaster or weather event. More importantly, when you are facing a crisis, you will feel less pressure knowing:
Your home insurance protects your most important asset for you. Here are some examples of events your policy will typically cover:
Damage from wind, hail, rain, and lightningFire and smoke damageTheftVandalismAccident on your propertyIf there was a fire or a natural disaster such as a hurricane, the costs of repairing your home could be extensive. You might even have to rebuild your home from the ground up. Your insurance policy is there to cover those expenses. Few people have the money to rebuild their home, even if they’ve paid off their mortgage. You’d also need temporary housing while you rebuild your home, which can be covered with the right insurance policy.
Your home insurance policy covers 5 main areas:
Another important portion of your home insurance is the liability protection. Liability coverage is important if someone gets injured on your property or if someone’s property is damaged while they’re at your home. When that happens, your homeowner’s insurance can cover the cost of repairing or replacing the property, medical expenses for injuries, and legal expenses in case of a lawsuit.
You may be tempted to just get the bare minimum coverage. But ideally, your home insurance policy will cover the cost of rebuilding your home at current prices. You also want to make sure you have adequate liability coverage. The more assets you have, the more liability coverage you need to protect yourself in case of a legal claim.
Your standard insurance policy insures your personal belongings at their actual value. This means if someone broke in and stole your TV, your insurance would cover the value of the used TV. Replacement cost coverage is available at a premium. With this type of coverage, your insurance will reimburse you for the cost of purchasing the item new.
There is no legal requirement to have homeowner’s insurance. However, if you have a mortgage, your lender will require you to keep your policy up to date. In fact, they might make the payments and charge you the premiums with your mortgage payment. Even if you own your home, your insurance policy protects your biggest asset if an adverse event occurs.
Our agents are here to help you get the insurance coverage you need. We can tailor your home insurance policy to fit your situation and your needs. We work with the top-rated insurance companies to get you a customized quote. Call us today for your new home insurance policy. Call us at (508) 997-3321.