How much you pay for your home insurance policy depends on what coverage you choose:
Liability coverage will protect you, your family and assets in the event someone is injured and wins a legal judgment against you. We use a series of formulas to develop suggestions for such coverage; however, it is your choice and decision.
Earthquake coverage is extremely important here in the Midwest. Should we have an earthquake, this coverage is the only one that will offer you the protection you need and deserve. We represent a dozen or so carriers with varying earthquake deductibles. While walking through an insurance review, we can help you understand how the coverage works and why it is so important.
Sump/Sewer coverage protects your valuables against a sewer back up or sump pump failure. Did you know the average loss incurred by such failures is $10,000? While not a policy to pay for localized flooding, this is one of the most misunderstood and needed in this region with its aging sewer system.
Scheduled Personal Property coverage allows you to insure valuables at an agreed amount. In other words, you may have several antiques. With your standard protection, you may not get their fair replacement value at time of loss. With this coverage, you can expect to collect up to the limits of the amount agreed to by you and the insurance company. Call us today to discuss this often-confusing coverage.
Medical Coverage 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 pays you money if you can’t live in your home because of a covered loss. For example, should your home be damaged in a storm, this coverage will pay for you to live in a hotel until you are able to safely move to your home.
If You Rent Out Your Home, you have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings.
Deductibles are your “ownership” of the policy. In other words, how much you want to be responsible for during a loss. Higher deductibles lower your premium price by shifting part of responsibility to you. For example, if you had a $500 deductible, you would be responsible for paying the first $500 of the covered loss.
Umbrella coverage is also available should you believe your liability needs additional protection. We can help you decide how much you need and how to best get it.
Photographic and Video Help is available to all our clients. We can or can lend you needed equipment to make a visual record of your property and things. Once made, we recommend you store the information out of your home (an email, family member’s home, or safe deposit box) and update it yearly. Taking the time to do this will speed your claim, help you recover the things lost and forgotten, and make a claim that much more manageable. Call today to schedule a review and just ask us to bring the camera!
