|
Let us review your homeowner's policy with
you and make sure there are no gaps in coverage. In addition
to reviewing your insured value and other coverage, we'll
take a look at the following important areas:
dwelling & personal property
personal liability
medical payments to others
additional living expenses
Don't let another day go by without a complete
review of your policy.
Let's make sure that you are covered properly!
------------------------------------------------------------------------------------------------------------
Basic Coverages Included
in
Homeowner's Policies
Property Damage Coverage
"Property Damage" coverage is designed
to help pay for damage to your home and personal property.
"Other Structures" coverage will
help protect your detached garage, tool shed, and other unattached
structures. Generally, the coverage is 10% of the amount for
which your home is insured.
"Personal Property" coverage helps
pay for a loss of your personal possessions, such as clothing,
furniture, TV, stereo and other unattached personal items.
You may want to review this coverage with us, to make sure
you are adequately protected in this area.
If you need additional coverage for higher
valued items, please ask us.
Personal Property Floater
A homeowner's insurance policy normally provides
limited coverage for collectibles, jewelry, furs, etc. It
may be necessary to insure your valuables with a Personal
Property Floater. A Personal Property Floater itemizes each
item, gives a description of the item insured, and lists excluded
perils. It normally provides coverage that is broader than
the coverage in your standard homeowners insurance policy.
Please ask us if you need an evaluation of your risk in this
area.
Personal Liability
Coverage
Your homeowners policy provides Personal Liability
coverage to help protect you against a non-auto claim in which
you were at fault. Liability coverage in your policy covers
both the cost of defending you and damages the court orders
you must pay. Liability insurance does not have a deductible
that you must meet before the insurer begins to pay losses.
We can review your current limits of coverage, and help make
sure you have enough protection in this area.
Medical Payments Coverage
Medical Payments coverage is designed to pay
for an injury to someone OUTSIDE your family. It can often
help settle "small" injuries outside of court before
they become BIG claims in court. This is not medical coverage
for your and your family.
Additional Living
Expenses
Where will you live if your home is badly
damaged?
If move into a hotel or apartment for awhile
because of damage caused by a covered loss, your homeowners
policy will normally cover the stay, subject to policy limits..
Flooding Insurance
In 1968, Congress created the National Flood
Insurance Program (NFIP). This was needed because of the sharply
rising costs of emergency relief to property owners after
a flood. Federal Emergency Management Agency (FEMA) manages
the NFIP, and works with almost 20,000 communities across
the country to enforce floodplain management ordinances.
Millions of homeowners now have valuable protection
against a flood loss. It is available to every resident of
communities that participate in the NFIP, regardless of whether
the structure is located in a mapped flood plain. Flood insurance
can be purchased through us.
Please let us know if you would like to discuss
this often overlooked coverage.
|
