204-17 Hillside Ave PO BOX 395
You have to ask yourself…
What would happen if a disaster struck your home tomorrow? Are you confident you’re properly covered for damages and total loss? Would you be required to pay out of pocket for some or all the repairs?
These questions are crucial to address because major insurance carriers may put a hold on new clients prior to a forecasted natural disaster or weather event. More importantly, when you're facing a crisis, you’ll feel less pressure knowing:
Home insurance covers the hazards that most homeowners face. When a loss occurs, you will file a claim with your insurance carrier, and you are paid for the expenses, minus any outstanding deductible amounts.
Insurance also covers personal liability exposures, to protect you from many situations that could lead to lawsuits from others.
For instance, if someone slips and falls in your home or is injured somewhere on your property, you can be held responsible. Liability coverage is there to protect you.
You could also potentially need insurance to protect you from having to pay for:
When you see an independent insurance agent like us you have the chance to explore all your options for insurance, and protect the things that are most important to you.
There are many things about insuring a home that most consumers aren’t aware of. We are here to make sure you avoid potential problem areas, including:
When mortgage companies purchase lender placed insurance it is in the interest of the mortgage company for them to do so. The homeowner’s interest is limitedly catered too. In addition, lender placed insurance can be up to 5x the cost of a standard homeowner policy and cover less of the interest of the homeowner. The cost associated with lender placed insurance is charged to the homeowner via escrow. In the event of a lender placed insurance costing significantly more than a standard homeowner policy the cost is carried by the homeowner in the form of increased monthly payment to the bank.It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one’s home, its contents, loss of its use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.
It requires that at least one of the named insureds occupies the home. If you have a mortgage on your home or not, consider the effect of not having a homeowner’s policy in the event of a catastrophic claim. Typically, claims due to floods or war (whose definition typically includes a nuclear explosion from any source), amongst other standard exclusions (like termites), are excluded. Special insurance can be purchased for these possibilities, including flood insurance.