Homeowners and Renters Insurance

Homeowners Insurance: Whether you live in a house, town-home, mobile home, apartment, or a personal condo; protect your residence, belongings and yourself with the right homeowners insurance policy.

Homeowners Insurance covers your dwelling, others structures, and personal property for damage from many perils including:
· Fire, Smoke and Explosion
· Hail, Wind and Lightning
· Vehicle, Aircraft and Falling Objects
· Electrical Currents
· Theft and Vandalism
· Glass Breakage
· Frozen Pipes
· Water from Plumbing Systems

You may need additional protection beyond the coverage in a standard homeowners policy. Basic coverage can be increased or extended to provide:
· Guaranteed Dwelling Replacement Cost
· Equipment Breakdown
· Identity Theft Expense
· Collectibles
· Fine arts
· Money and Securities
· Jewelry, Watches, Furs
· Guns
· Backup of Sewer or Sump Pump Failure
· Earthquake
· Watercraft

A Homeowners Policy also covers you against personal liability and provides medical payments to others. If someone makes a claim of injury or property damage against you or your covered family, everything you own could be in jeopardy. A Homeowners Policy may offer coverage’s that can include:
· Personal Liability Protection
· Legal Defense Costs
· Medical Payments to Others
· Damage to Property of Others
· Acts of Children
· Acts of Pets
· Sports and Recreational Activities

Renters Insurance: If you rent a house or apartment, protect yourself with a renters or tenants insurance policy. This covers your belongings against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm and water damage (not including floods).

Like homeowners insurance, renters insurance also covers your responsibility to others injured at your home or elsewhere by you, a family member or your pet and pays legal defense costs if you are taken to court.
There are two types of renters insurance policies:
· Actual cash value– pays to replace your possessions minus a deduction for depreciation up to the limit of your policy
· Replacement cost– pays the actual cost of replacing your possessions (no deduction for depreciation) up to the limit of your policy.

Do you own some more expensive items such as jewelry, silver, furs, etc.? If so, consider adding a floater, a separate policy that provides additional insurance for your valuables and covers them for perils not included in your policy such as accidental loss.

Points To Keep In Mind While Looking For Insurance Agency

Are you looking for an insurance agency for any kind of insurance purchase! What do you look for in the agency? Generally, people looking for insurance agency mostly look for the one that offers the lowest price, without even looking for the services they provide you with. However, such low-price insurance agencies don’t provide you with complete coverage at the time of losses.

Here are some things you consider while looking for an insurance agency to protect your assets and yourself.

  • Select from direct writers and independent agents

The insurance services come in two different categories like direct writers and the independent agents. The direct writers are the insurance companies that rent their own sales individuals for writing particular for that company. The independent agents are the ones that work for the insured only. Hence, make the best choice for your needs.

  • The type of insurance you are looking for

The second option knows the type of insurance you are looking for. There are some insurance companies that provide you with a single type of service, while there are many who work on several grounds of insurance. When it comes to selecting an insurance agency, it is better to go with the agency that provides you with multiple types. The reason is that with their experience, you would be able to get proper advice and on both personal and commercial grounds that would benefit you.

  • Knowledge and credentials

The insurance agencies that have a good number of experience is surely going to serve you with the best advice. They also come with technical knowledge that would guide you properly saving a good amount for you. For this, you can look for insurance agencies with higher designation like CPCU, CIC, CRM, and much more, that come with experience and knowledge in both education and experience.

  • Personality and honesty

The main income of the insurance agencies is the commission they work on. It is thus important to look for insurance agencies that serve you with honesty and trust. The agents working in the agency should be passionate about their job and enthusiastic for the work they are doing. It is better to get an agent that is friendly and doing business with them is fun to do. The agents should provide you with all the beneficial plans without thinking of their commission.

  • Some questions to ask them

Yes, you also have the right to ask some questions to your agent while selecting the best one. For the first meeting, you need to know the area the agency is expertise in, do they work only for local grounds or are also available for national and international fronts, their experience, client references, the companies they are working for, etc.

Hence, while selecting any insurance agency, carry out the basic homework that would make your selection job easy. Also know your expectations from the agency and their work to match with what you are looking for. If possible, get some written proposals for better selection.