Buying a home is a big investment whether it’s the home you live in or one you are renting to others, you need to protect that investment. One crucial step in doing so is purchasing homeowners insurance. Homeowners insurance offers important coverage for certain disasters that may befall your home. From fire, wind, hail, and lightning. Flood and Earthquake coverage is available through separate policies available on our Miscellaneous page.
Condo Unit Owners Insurance
All Homeowners/Condo Owners Associations are different and their Association Boards have different requirements for their condo owners, but all Association policies exclude the unit owner’s contents. Don’t rely on your association’s policy to cover you in the event of a disaster. If there is a fire and your unit is damaged, associations policy will cover the structure and possibly the interior fixtures such as cabinets, counters and toilets. It will not cover your belongings or any modifications you’ve made to your unit. We can help you figure out what coverage you need to protect your whole unit.
Renters insurance is essential whether you are renting an apartment, condo, or home. Renters Insurance covers your belongings in the event of a break-in, theft or fire or severe windstorm damage. Many people think they don’t own enough stuff to warrant needing protection, but Renters insurance doesn’t cover just big-ticket items. It covers your essentials such as clothes, cooking utensils, and towels. It also protects you in case of damage to another tenant’s property. If there is a leak in your apartment that damages your downstairs neighbor’s belongings, your renters policy will pay for that damage up to your liability limit.
There are always areas that are hard to define in any insurance policy. That can lead to gaps in your coverage. Umbrella policies supplement your basic liability policies: auto, home or renters. It is there to protect you from major claims or lawsuits. Umbrella policies offer higher limits and broader coverages such as:
damages or bodily injury to other parties,
libel and slander
Floater Policies cover property that is easily movable. Most items may be covered under your homeowners policy up to $1,000. So if you have items that are high value, a floater is recommended for those items in case of damage or theft. Common items covered in floater policies are:
Will your family be taken care of if you were to die tomorrow? Take the burden of worrying how to pay the bills off of them when they are grieving. If the ones you love depend on you for financial security, life insurance will be one of the most important things you buy. Proceeds can provide money to:
Help pay family bills.
Fund a child’s education.
Protect a spouse’s retirement.
Assist aging parents or family members with special needs if you are no longer able to care for them.