What is Homeowners insurance?
Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.
Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.
Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners' responsibility.
Why do you need homeowners insurance?
It is really all about protecting yourself financially if something unexpected happens to your home or possessions. That's important because chances are your home is likely one of your largest investments.
It is important to know that homeowners insurance is meant to cover unexpected damage, not routine maintenance. Ask your agent to talk about what is covered and be sure to read your policy so you know exactly what's included and what is not.
Things to consider and questions to ask your agent
Here are few things to discuss with your agent that will influence your decisions.
Every home is unique and you deserve insurance that is unique to your home. We work with companies that specialize in homeowners policies, mobile home polices, landlord policies, and can even accommodate vacation rental policies.
Are you a renter, do you have rental properties, or list your home as a short-term vacation rental? We can help! Contact us for more information and let us help you get the right kid of policy you need.
We work with companies that specialize in farm and ranch insurance. So you can be sure that your equipment, barns, and home is covered- even if it's on a lot of land!
Mobile homes have their very own category of insurance too and not every company offers the most competitive prices. Call Salem Insurance today and let us quote you with one of the companies we work with that specialize in mobile home insurance.