Whether you own a condo, half of a duplex or a full-fledged single-family house, buying a home is a huge investment. Once you make your purchase, insure your home and everything inside it with a home insurance policy. Feel good knowing that should your home be damaged in a storm, precious items inside were stolen, or you suffered another covered loss, you’re financially compensated for repairs and replacements.
Homeowners insurance policies are as varied as the homes they insure. Like many other insurance policies, there are different deductible levels from which to choose. The policy could be for the “replacement value” of the home, or for the “actual cash value” of the home, which could have a big impact on both your premium and how much you could possibly be reimbursed for in the event of a total loss. Your personal property coverage needs could be greater if you have a lot of valuable items. Our team can help you determine the value of your property to determine the right amount of coverage.
A homeowner’s responsibility doesn’t stop with just keeping the structure sound and the possessions inside protected. Accidents can happen when people visit, such as slipping and falling on the ice, taking a tumble down the stairs or tripping over an uneven sidewalk. You don’t think of these little incidents, but if it happens to you and you’re not properly insured, you could end up paying the medical and legal bills out of your pocket.
A standard homeowners insurance policy typically includes the following coverage, though specifics may vary depending on the insurance provider:
Dwelling Coverage – Pays for repairing or replacing the structure of the home in the event that it’s damaged or destroyed by a covered loss.
Personal Property Coverage – Financially reimburses you for the loss of your personal belongings, such as jewelry, electronics, and other valuables, after a robbery or burglary.
Other Structures Coverage – This will pay for repairs or replacement of other structures on your property, such as garages, sheds, and more.
Personal Liability Coverage – Should a visitor experience an accident on your property that results in injury or death, this coverage could help you pay for medical bills, penalties and lawsuits.
Looking for something a little different or more specific? Philleo also offers renters insurance and condominium insurance.
Bundle for Homeowners’ Insurance Savings
Philleo offers a variety of insurance policies from which to choose and discounts may be available when you bundle homeowners’ insurance with other policies, such as your vacation home insurance or even auto insurance policy. Ask your Philleo insurance agent about how much you can save by bundling multiple policies together.
Contact Us Today for a Homeowners’ Insurance Quote
Contact Philleo for your free homeowners insurance proposal and advice on your coverage options. Our experienced team can help you find the right policy to protect your family’s home. Call us today to get started.