Low Cost Homeowner Insurance
ARE YOU UNDERINSURED?
Do you have enough insurance coverage to completely rebuild your home? Have you talked with your agent recently to update your policy? Don't wait until disaster strikes to find out you're underinsured. Stay current on your policy and keep yourself protected.
It's a homeowner's nightmare, a fire or other catastrophe destroys their home and everything in it. To make matters worse, some homeowners discover too late that they did not have enough insurance coverage to rebuild their home and replace their personal property.
Homeowner's need to ask their agent if they have enough insurance to rebuild their home, replace their personal property and protect their assets if they are sued.
Make plans to meet with our agents for a no-obligation review of your policy every year to make sure your insurance is keeping up with you and your home.
This is a house. It's like a lot of houses but with one big difference. It’s your house.
It’s where you hang your hat, open your mail, host cookouts but most important, it’s the place where you have everything and everyone that means the most.
Protecting what matters most is what insurance is about and, if you're a homeowner, you know how your house works but what about your insurance? Do you know how it works? Do you know how to get the type of coverage that best fits your needs and budget?
The what and how of insuring your home
Homeowners’ policies cover three basic areas
Structure, Belongings and Liability
Structure is your house, its roof, walls, systems, a garage or other freestanding building on your property.
This is covered against damage due to disaster such as fire, hail, wind damage, falling objects, burst pipes and other events.
Things to be aware of
Some types of water damage are covered
You will need a separate policy for flooding and earthquakes and some things are never covered like damage from termites and other pests
Belongings: your stuff is covered against loss due to an insured event or theft you're also covered off-site for loss of property wherever you are.
The things to be aware of
Create a home inventory to make it easier to keep track of your stuff and what it’s worth also you may need separate coverage for high-value objects.
Liability covers harm to others that happen in your house like falls and other accidents.
There are things that can increase your liability risks like trampolines, pools or an aggressive pet.
You are also covered for additional living expenses. This covers the costs associated with living away from your home if it is damaged by an insured disaster and you can't live in it.
How much coverage do you need when purchasing coverage?
Remember this simple rule: insure to rebuild in the event of a total loss and have enough coverage to replace your belongings.
Two things to be aware of
House prices rise and fall but the cost of building materials in labor is always going up.
So now that you know how insurance works for you, take the next step and contact our agency to discuss the coverage that best fits your needs
Life is about the unexpected
That's why there’s insurance to cover you against unexpected loss
Will Home Insurance Cover Damaged Patio Furniture After a Storm?
Storms can be intense, causing damage to the structure of your home. You may walk outside to find your patio table shattered into pieces or it may be in the neighbor’s backyard. When this type of damage occurs, contact your home insurance agent. Your agent will work closely with you to better understand what occurred. You may be able to file a claim for it. When does it apply?
When Does Home Insurance Cover?
Home insurance does not provide coverage for normal wear and tear on these items. If your patio table suffers a crack as a result of age, that will not have protection. It also does not apply if someone in your home causes the damage. This might include a child hitting it, for example.
Rather, it applies in unexpected events including storms. It should provide financial protection for your patio furniture if it suffers damage due to lightning, fire or wind. If large hail hit the structure of your patio table shattering the glass, your coverage applies here, too.
What About Your Deductible?
Before you can obtain compensation for the losses, you must consider the deductible. Home insurance policies nearly always have one. This is the amount you are responsible for paying before the insurance company kicks in to pay the rest.
The key here is to know what your deductible is. Then, consider the value of your patio furniture. If the value isn’t significantly below the deductible, there is no benefit in filing a claim. You will not receive funds for it.
How Much Is Your Patio Furniture Worth?
Whether you have a wicker patio set or an elegant set of Adirondack chairs, your home insurance policy usually pays out based on the value of the items before the storm occurred. This takes into consideration depreciation since you purchased them. If your policy offers replacement cost coverage, on the other hand, they may pay enough for you to purchase a new piece of furniture similar to the one you have now.
When an event like this occurs, take pictures of what happened. Then, contact our insurance agency. We will walk you through the process of determining if you have coverage, what your deductible is, and how much you could receive for the loss. Storm damage is a typical type of coverage for most policies.