Homeowners Insurance and Renters Insurance
The biggest asset for
most people is their home. Lose that, and you will likely
lose a big part, if not most, of your net worth. Even if you
don't own, but rent, you can still easily lose all your
belongings in a sudden fire or other disaster. That's where
homeowners and renters insurance comes into play.
will protect your property, whether it's a ranch in the
country or a condo in the city. Homeowners insurance will
not only cover a home structure, it can cover the contents
as well. Of course, all of this depends on how much coverage
you purchase and whether you have any add-ons, known as
endorsements, attached to your policy for extra coverage or
protection of special or valuable items.
Homeowners insurance also covers you for liability should
someone be injured on your property. It will also cover
damage to some of your possessions that are not located at
your home. This includes damaged luggage on a trip or
property stolen from your car.
One thing homeowners insurance doesn't cover is damage from
floods. So if you have a home in an area vulnerable to
rising water or flooding, ask one of our agents about how
you can purchase flood insurance.
The most important thing about homeowners insurance is to
have adequate coverage. If you do not purchase enough
insurance, any loss may not be totally covered. For that
reason, you may want to look into a policy that increases
your coverage limits at the rate of inflation.
Of course if you're a renter, you will want insurance to
cover the value of your possessions. (The landlord's
insurance only covers the structure - not your contents.)
You'll also need
for liability coverage in case someone is injured in the
apartment or house you rent.
Your home is probably your most valuable asset. For that reason, you should have a homeowner policy that provides you the protection you need at the best possible price. Our multi-policy discounts, if packaged with your personal auto insurance, can really reduce your total insurance premiums.