Need Homeowners Insurance? We'll Shop For You

Are you a first time home owner, or thinking about purchasing a home for the first time? If you are then you should know how important it is have Homeowners’ insurance. Coverage will be required by your lender if you have a mortgage. If your home is mortgage-free, then it is still necessary to have homeowners’ insurance for your own safety.

Different companies do well with different styles of homes; some like new, high-valued homes, some like older or historic preservation homes, and others are more comfortable with country homes or old farm homes. You need to find the policy that is right for you and the style of home you are looking to purchase. Here what usually is provided in a basic homeowners’ policy according to The Rough Notes Company:

• Coverage for your building (ask about coinsurance and replacement cost issues).
• Coverage for your outbuildings - garages, sheds, barns, cabanas
• Coverage for personal property is usually 50-75% of your building limit
• Limitations - many policies have special limits on certain types of property such as theft loss to Jewelry and gems ($1,000), Furs ($1,000), Gold, silverware, pewter ware ($2,500), Guns ($2,000) Building supplies - no coverage for theft. Further, very little coverage may be available of other types of property, regardless of the cause of loss, such as money, stamps, fine arts, antiques, electronics, boating equipment, etc.
• Additional living expense - pays the extra cost of temporary housing, food and other increased costs of living when you are forced from your home by a covered cause of loss.
• Liability coverages - should you accidentally injure other people or damage their property
• Defense costs - includes hiring and paying for a lawyer (if necessary) and paying most court costs.
• Medical payments coverage is for minor injuries to people other than residents of the household. You don't have to be sued or be negligent. (The Rough Notes Company)

To find the coverage that best fits your needs you’ll need to do a little shopping around. Better yet,call Partee Insurance Associates and we’ll do the shopping for you. We will get you the best deal for the best price!