Your home is the center of your daily life, and likely one of your most valuable assets. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands this simple fact. Lewis Insurance Associates can help you find the homeowner’s insurance that will provide the most valuable combination of tailored coverage, fair pricing, and quality service.
Depending on where you live – a house, apartment, or condominium – the right home insurance policy can provide you peace of mind as well as the money you need to repair or replace your home and/or belongings. Contact us for more information today!
What you need to know about homeowners insurance:
Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.
Homeowner’s policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy or a policy that covers only specified losses such as fire, hail, smoke, falling objects, and vandalism or theft of personal property.
- The Right Coverage. The Right Price. The Right Value
- The amount you pay for your homeowners insurance depends on many factors. Think of your personal housing situation, and the assets you want to protect.
- Protection for Your Home
- Property or Dwelling Coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm.
- Protection for You and Other People
- Personal Liability Coverage applies if someone is injured or their property is damaged and you are to blame. The coverage generally applies anywhere in the world. When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued.
- Medical Coverage
- This 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
- If you can’t live in your home because of a covered loss, your home insurance policy will pay additional living expenses—for a specified time or value—while damage is assessed and your home is repaired or rebuilt.
- Protection for Your Belongings
- Your home is filled with furniture, clothes, electronics and other items that mean a lot to you. Personal Property Insurance helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.
Scheduled Personal Property Coverage
Years of your life have been dedicated to collecting your valuable treasures.
If you have jewelry, fine arts, or any other collectibles, you should consider buying a separate policy or scheduling the items on your homeowners policy. Some items are limited for coverage under your homeowners policy, such as guns, jewelry, coin collections, and furs. Scheduling the items or purchasing a separate policy will give broader coverage at an agreed upon limit and a different deductible option. It can allow for coverage from accidental losses not just theft or fire. An appraisal may be required in order to insure the item at the value requested.
Contact Lewis Insurance Associates for coverage on your valuable possessions.
If You Rent Out Your Home
Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings.
Landlord insurance is designed for property owners who will have anyone other than the owner occupy the owned home, regardless if rent is paid. Coverage for the dwelling, loss of rent, liability, and more are available on a Landlord policy.
The occupant of the home would need to purchase renters insurance to cover the property they own and move into the landlord’s house. A renter’s insurance policy would cover the occupant for liability in cases of accidental fires, accidental injuries, or other liability exposures that occur while they occupy the home.
If you have a property that you are considering renting, contact us for assistance.