Homeowners and Renters
If you own a home or a condominium, you need a policy that will provide coverage for the value of the buildings or part of a building that you own, your contents and your personal liability exposures.
A renters policy will protect your personal property and your personal liability exposures.
The homeowners policy is a package policy which combines many important coverages at a reasonable cost. Talk to us about additional coverages you may need.
Homeowners and Renters Coverages
Building (Dwelling) Coverage (provided for those who own homes or condominium units)
You should buy coverage for the full replacement value of your home so that losses, partial and total, will be paid without a penalty - other than the policy deductible. We’ll review with you what types of losses are covered, which are not, and which loss situations can be purchased for an additional premium.
Other Structures Coverage (provided under ALL forms - owners or renters)
Your homeowner policy automatically provides you with 10% building/dwelling value for other structures on your residence at no charge. Other structures are barns, garages, driveways, fences, tennis courts, swimming pools and more. If you need more coverage, it is available for an additional premium.
Personal Property (Contents) (provided under ALL forms - owners or renters)
Your personal property such as clothes, tables, chairs, beds, etc. are covered anywhere in the world. If you own a home 50% of your dwelling value is included for your personal property. More can be purchased, if needed, for an additional premium. If you are a renter or condo owner, you must choose how much coverage you will need. We’ll talk with you about what limitations are right for you.
Loss of Use (provided under ALL forms - owners or renters)
When your property is damaged by a covered loss, you may have to go somewhere else to live until repairs can be made. You may also have to spend extra money for other things such as eating or driving to work. Your homeowner policy will provide you with a certain amount of money to pay these additional expenses.
Medical Liability and Medical Payments (provided under all forms)
Personal Liability provides coverage for you and family members when you are legally responsible for bodily injury to other people or for damage to the property of other people. You are also provided with defense coverage for when you are sued. The usual basic limit provided included in your policy is $100,000 per occurrence. Higher limits can be purchased and an Umbrella should be considered to cover the unpredictable catastrophe.
Medical payment coverage for injury to people outside your household is also provided. Covered situations are similar to those provided under the Personal Liability coverage. The basic limit provided is usually $1,000 per person with higher limits available for an additional premium.
