Insurance for homeowners, renters, and condo owners provides protection in two main areas: property and liability. The protection provided by each type of coverage is multi-layered and can be complex. We'll take the time every few years to review your policy to prevent gaps in coverage.
What types of insurance do you offer?
Property is something that is owned by a person. This can range from the home itself to the contents. It is easier to conceptualize insuring these items because they are tangible.
- A homeowner's insurance policy provides protection for your home. Coverage on this policy includes the structure, other structures on the premises, and your belongings.
- A renter's insurance policy covers an occupant's belongings when their place of residence is rented. No coverage for the structure is available.
- A condo owner's policy is designed to meet the needs of condo owners by providing coverage for your belongings and allowing you to purchase coverage for the structure, as determined by your association by-laws.
Often these three different, yet similar, policies are referred to as homeowner's insurance. Policies are also available for seasonal homes.
Who do you recommend should purchase liability coverage?
Liability coverage protects you, the policyholder, when injury is caused to a third party and your actions (or lack of action) is deemed to be the cause. Many times, simply having a policy in place prevents legal proceedings.
Does your insurance cover personal injury?
Most homeowner's policies do not automatically provide coverage for personal injury offenses like libel or slander. Make sure to verify this coverage has been added. Liability protection is inexpensive. For this reason, always make sure to carry the highest level of coverage available and consider adding a personal liability umbrella to your insurance package.
Important Topics to Discuss with Your Insurance Advisor
- What is the actual replacement cost for both my home and contents?
- Does my property have any additional levels of risk? (i.e. a potentially dangerous dog or other pet, trampoline, pool, a wood burning oven, outbuildings, or an older home)
- What items might I need to replace after a water back up or sump pump failure?
- What types of coverage do I need for properties I rent to others? See our Landlord's Coverage.
- What is the true value of all my personal articles? See our Personal Article's Coverage.
- Can you provide a loss assessment for my condo?
These are only a fraction of the items that should be reviewed when meeting with your insurance advisor.