A family’s home is typically their most valuable asset. Homeowner’s insurance is the best way to protect you financially from its damage, loss or injuries that may occur on your property. There are several different variables that make up a homeowner’s policy and our agents are here to help provide you peace of mind knowing that you’ve got the right coverage.
Variables to consider when securing a homeowner’s policy:
PROPERTY/DWELLING coverage typically pays the cost of repairing or rebuilding after insurable events, such as a fire or vandalism.
PERSONAL LIABILTY coverage provides a monetary safeguard should someone become injured on your property, their belongings are damaged, and you are found to be at fault. Determining the right amount of coverage needed is imperative to protecting your assets so an honest discussion with your agent is important.
MEDICAL coverage can provide the cost of medical expenses for guests on your property. This does not cover medical costs for household members.
CONTENTS/PERSONAL PROPERTY coverage can provide replacement costs for your personal property, such as furniture, electronics, art work, clothing, etc. that become damaged due to an insurable event.
ADDITIONAL LIVING EXPENSE coverage can pay for alternate living arrangements should your home become uninhabitable due to damage from an insurable event.
It’s similar to homeowner’s insurance but intended for renters who may not be responsible for the building/structure but want to cover their belongings. Most rental agreements require that tenants maintain renter’s insurance. Be sure to talk with your agent about the requirements of your lease as well as the appropriate amount of coverage to protect your assets.