Utah Home Owners Insurance
Utah homeowners insurance insures your home against defects and disasters. With the right coverage, you can protect your home and your personal belongings inside. It’s important as the market changes and values of homes change, to make sure you have adequate coverage in the event of loss. All homeowners insurance policies cover both property and liability for most disasters, however, depending on where you home is located, you need to be aware that most homeowners insurance policies don’t cover 3 main disasters. Those disasters include Flood, Earthquake and Natural Disasters.
It’s always a good idea if you live in an area that has the potential of flooding or you live on a mountain side that may be susceptible to an avalanche or mud slide, you might want a separate policy to protect you against those disasters. Another is Earthquake damage. These are all separate policies you’ll need in order to protect your home in the event one of these disasters occurs.
Your home is considered one of your most valuable assets and is where your life revolves the majority of the time. It is where you seek comfort and protection. You need an insurance company that understands this and will respond promptly and LISTEN to you in the event your home is damaged. You need a company who will stand behind you all the way until it is repaired to the state it was originally. We want to assist you in finding the best insurance company that will meet your needs and serve you best. Not all companies are equal, so providing you the best solution of quality and price is important to us. Give us a call today.
Do I need homeowners Insurance for my townhome or condo?
The answer is YES! Regardless if it’s a home, apartment or condo, if you own the home, you need homeowners insurance. It’s important to talk to someone who will be able to help you in determining what your needs are and the right homeowners insurance for you. You shouldn’t have to worry about repairs or fixes to you home when you have the right insurance. Give us a call today for more information!
Do I need homeowners insurance if I am renting?
Regardless if you own your home or rent, it’s important to protect the place where you reside making sure you don’t lose your quality of life in the event you suffer a loss due to fire, theft, vandalism or accidents. Even if you are renting – a home, an apartment, or condo – making sure you have the right home insurance policy will protect you, your personal belongings and give you the peace of mind in the event you need to repair or replace any items you may have lost. If someone slips on the ice or is injured while on your property, it is important to have the right homeowners insurance policy in place so you will be protected against any lawsuits or judgments that come against you.
Basically there are 3 ways in which homeowners policies differ; they differ by what you want covered, which coverage you choose, and what type of residence you own. Whether you want coverage that protects the structure of your property against things like fire, smoke, hail, trees, and vandalism or you can get specific coverage for your personal belongings.
Here are various types of homeowners’ coverage
- Structural – Covers structural damage to the interior and exterior of your home.
- Personal Belongings – Covers damage or loss to items in your home.
- Liability Protection – Covers your liability or legal responsibility for any injuries you cause to other people directly or indirectly. This even includes damage caused by household pets.
- Additional Living Expenses – Covers costs for temporary housing, meals, etc., while your home is being restored or rebuilt.
Structural and Personal Belongings Coverages
When you set up your homeowners insurance, you can decide if you want coverage that pays the actual cash value of what was damaged or full replacement cost. Actual Cash Value bases the value on the current market, age and condition of the item that is damaged. Full replacement cost bases the value on actual replacement costs if you were to replace it today. For example, if you insured a television for $1000 and five years later had a claim, the actual cash value of that tv is considerably less today, so you would be paid out what that tv is worth today. With full replacement, you would receive the amount it would cost to replace that tv with a brand new one.
Give us a call today to get a quote on your homeowners insurance or review your current policy.