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There are two basic ways to protect your home through the purchase of insurance. The first is homeowners insurance which covers your home and its contents. The second is mortgage protection (a life insurance policy that pays off your mortgage in the event of death). We can assist you in determining which insurance is right for you.

Renters and Condominium Insurance
Liability coverage for injuries and property damage
Living expenses
How to get the lowest rates
Keeping your policy up-to-date

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Policy Types

Homeowners Package Policy generally cover the dwelling, separate structures and loss of use on an accidental direct physical loss basis and the personal property on a named-peril basis. The named perils include such perils as fire, extended coverage, broad form and theft. In addition, this policy protects you and your family members against damages for which you are legally responsible, arising from bodily injury or property damage.

Renters Package Policy cover the renter's personal property and building additions and alterations and loss of use on a named-peril basis. In addition, this policy protects you and your family members against damages for which you are legally responsible, arising from bodily injury or property damage.

Townhouse and Condominium Owners Policy covers the dwelling and separate structures on an accidental direct physical loss basis and personal property on a named-peril basis. Loss of Use is covered on an accidental direct physical loss basis for Townhouse and on a named peril-basis for Condominium. In addition, this policy protects you and your family members against damages for which you are legally responsible, arising from bodily injury or property damage.

Here is a list of the named perils covered:
1. Fire or lightning damage
2. Windstorm or hail damage
3. Damage caused by explosion
4. Damage caused by riots or civil disturbance
5. Aircraft damage
6. Vehicle damage
7. Smoke damage
8. Vandalism or malicious mischief
9. Loss from theft
10. Glass breakage
11. Damage caused by volcanic eruption
12. Falling objects
13. Damage caused by collapse due to weight of ice, snow or sleet
14. Freezing damage to plumbing, heating/air conditioning or household appliances
15. Accidental discharge or overflow of water from plumbing or a heating/air- conditioning system
16. Damage from a sudden and accidental discharge of an artificially generated electrical current
17. Damage caused by sudden and accidental tearing apart, cracking, burning or bulging of a heating/air-conditioning system, a fire-prevention sprinkler system or an appliance for heating water

Here is a list of a few perils commonly EXCLUDED from homeowners policies (Check your policy for specific exclusions):
1. Damage caused by flood
2. Damage caused by earthquake
3. Damage caused by war or nuclear accident
4. Damage caused by earth movement

Renters and Condominium Insurance
Apartments and Condominium Associations generally carry insurance that covers the building. You need insurance to cover your own possessions. Renters and Condo insurance policies cover your personal property, including: furniture, clothing, drapes and decorations, appliances, etc. Valuables such as jewelry, computers, art and silverware require additional insurance provided by a "rider" to your policy. In addition to property coverage, most of these policies include liability coverage to protect you if someone is injured due to your negligence.

Liability Coverage
This coverage is part of your homeowners policy. It protects you and your family against claims arising from bodily injury or property damage for which you are legally responsible. Examples of situations covered by liability insurance include: if someone slips and falls on your property, if your dog bites a neighbor, or if your broken pipe causes damage to a neighbor's condominium. You can add a liability "umbrella policy" to your homeowners insurance to provide additional protection.

Additional Living Expenses
If your home becomes unfit to live in because of damage from a covered incident, your homeowners policy provides payment for the increased cost of lodgings, meals, etc..

How to Get the Lowest Rates
Insurers frequently award lower rates to homeowners who guard against theft, accidents and other losses. And companies may provide discounts to premium for multiple-customers (home and auto). Here are some things you can do that generally qualify for lower premiums:
  • Secure your home with dead bolts and window locks.
  • Install a security system with outside signal and connection to local police.
  • Install and maintain smoke detectors.
  • Install a sprinkler system for fire.
  • Install a fire alarm that automatically alerts the local fire department.
  • Stop smoking.
  • Keep walks and entrance ways clear of snow and ice.
  • Purchase your auto and home insurance from the same agent.

Keeping Your Policy Up-To-Date
Inflation, new purchases, additions -- there are many things that can change the amount of insurance you need for your home. The best way to know is to reassess the value of your home and possessions on an annual basis and adjust your insurance accordingly. We will be happy to provide you with a no-obligation friendly review to help you.

  
   
   
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