Protect Your Assets with Homeowners Insurance

Reduce Financial Risk with Homeowners Coverage

Protect your assets with homeowners insuranceCrime, accidents and severe weather are part of life, and every home experiences loss or damage of some kind, at some point.  You can’t predict when you will experience a loss, but you can protect yourself financially.  Where do you begin, and how can you compare homeowners insurance quotes when it seems every company offers something different?

Start by getting a free home insurance quote from one of our agents.  We can compare rates for you so you can get on with enjoying your home and family.  We can also answer any questions you may have about how to get the right homeowners insurance for your needs.

Home and Property Damage Facts

  • In an average year, 374,000 residences catch fire, resulting in $7.32 billion in loss
  • In 2010, 2,158,878 houses were burglarized, resulting in an estimated $4.6 billion loss
  • 1,691 tornadoes occurred in the U.S. in 2011, at a cost of $28 billion

Getting coverage for the risks of owning a home is simply a wise investment.  We understand your geographic area and can help you make sense of the many options available to you.

Is Homeowners Insurance Mandatory?

Homeowners coverage is not required by law.  However, if you borrow money to buy a home, your lender will likely require you to buy a homeowners insurance policy in order for you to qualify for a home loan.  In this case, your home is collateral and the lender wants the collateral maintained.  The lender requires insurance so you can afford repairs if the home suffers an insurable loss.

At a minimum, your lender will want your policy to cover or exceed the amount you owe on the loan.  Most home owners, however, want enough coverage to repair or replace the home.  We can help you decide how much insurance is right for you.

Home Owners Insurance - Home insurance plans for everyone

What Does Homeowners Insurance Cover?

Happily covered with home insurance Des Moines IABroadly speaking, insurance covers you for potential loss resulting from risks such as burglary or theft, severe storms, fire and also your personal liability.  The specific risks you may face as a home owner could include floods and earthquakes, which you must cover with separate policies, as these disasters are not included in home insurance.

Your home liability coverage can protect you in the event that someone is injured on your premises or you are responsible for damage to someone else’s property.  Your homeowners insurance can even protect you against injury you cause to another person off-premises under certain circumstances.  Note that liability insurance will not cover acts of violence or intentional damage.

Your liability insurance would also typically provide coverage if:

  • Your child throws a baseball through the neighbor’s window
  • Your dog bites a visitor at your home
  • A visitor is injured on your backyard swing set or trampoline, or by falling on your icy sidewalk
  • A dinner guest gets food poisoning and is hospitalized

If someone files a liability claim against you, your insurance can pay for property repairs, medical or funeral costs or even a lawsuit if the injured party chooses to launch a legal process.

When evaluating the amount of liability coverage that makes the most sense for you, be sure to fully discuss your limits and deductibles with us.  Take time to understand your risks, and determine whether you will be well covered in various circumstances.  In the event of a disaster, the costs of recovering can devastate household finances.  Quality home insurance can make a difficult situation bearable and help you get your life back on track.

This information was sourced from Trusted Choice