Homeowner’s and Renter’s Insurance

Owning or renting a home presents certain risks for liability and protection for your home and your personal property. In most cases your home may be the largest asset you own in your lifetime. Our advisors will discuss each coverage with you and make recommendation for each coverage that is available in the homeowner’s or renters insurance package. You will want to be reimbursed for the cost of repairing or replacing your home and personal property and we will assist you with determining what that amount should be. Owning and renting also presents liability risks if someone is injured while on your property. We will help you decide on adequate limits to protect your assets in the event of a loss and the resulting law suit that may follow.

Homeowner’s Insurance Information.
Because everyone’s needs are not the same, it is best to consult your agent to help assess your needs and find the insurance policy that is right for you.

What is Homeowner’s insurance?
Homeowners insurance provides financial protection against disasters. 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 and your liability or legal responsibility for any injuries and property damage you or your family cause to other people. This includes damage caused by household pets. Damage caused by most disasters it covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage maintenance related problems are the homeowners’ responsibility.

Why do you need homeowners 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.
1. If your home was destroyed by fire or damage by natural disaster, you’d need money to repair or replace it.
2. If a guest in your home is injured, liability protection and medical coverage help pay expenses.
3. If you are a victim of theft and vandalism, it can reimburse you for your loss or pay for repairs.
4. If you are still paying for your home, your lender will require insurance.

It is important to know that homeowners insurance is meant to cover unexpected damage, not routine maintenance. Ask your agent to talk about what is covered and be sure to read your policy so you know exactly what’s included and what is not.

Things to consider and questions to ask your agent.
Here are few things to discuss with your agent that will influence your decisions.
1. How much will it cost to rebuild my house and replace my belongings if they are damage?
(ask your agent to talk you through your home’s features and the things you own so you can make an informed decision about coverage.)
2. Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly? 3. What discounts are available? (ask who to call and what after you file a claim)

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