Your home is the center of your daily life, and likely your most valuable asset. If your home is damaged or destroyed, you’ll want your claim settled by an insurance company that understands this simple fact
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Homeowner insurance policies differ by what type of residence you have, which coverages you choose and which losses are covered. Whether Homeowner or Renter, you will want peace of mind and financial protection if you suffer a loss due to insurable/ covered events. And if you have a high value home, we have Carriers specializing in High Value Homeowners Insurance with enhanced protection options.
We specialize in making it easy to choose the insurance coverage that gives you the best value for the best price. Begin by choosing which policy is best for you: a comprehensive policy covering losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property or a policy that covers only specified losses. Then consider these key items:
- How much you will pay if there is a loss – Higher deductibles usually lower your premium price by shifting part of the loss payment to you. For example, if you had a $500 deductible, you would be responsible for paying the first $500 of the covered loss.
- Where you set your limits – You may select higher coverage limits than the standard recommended amount if your situation needs it.
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. Flood is not covered by your Homeowners Insurance Policy; a separate Flood Insurance Policy is required.
- 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 (commonly for up to 24 months) 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 – If you have special possessions such as jewelry, art, antiques or collectibles you may want to talk to your River Tree broker about this additional coverage. It provides broader coverage for specific items.
- If You Rent Out Your Home – Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings.
Protect the Things that Matter to You
Most people have no idea of the value of their belongings. An inventory of your home and personal belongings. accompanied by photos or a video can help expedite the claim resolution process. Keep these inventory items somewhere other than your home. Remember: your policy doesn’t cover damages caused by poor or deferred maintenance on your part.
Every home is unique. Talk to us today to find out how to get the best price and value on home insurance for you.