Home Insurance

Coverage A Dwelling pays for damage to your house and to structure attached to your house. Damage to your plumbing, electrical wiring, heating, and permanently installed air-conditioning systems are all covered fixtures. 

Coverage B Other Structures coverage pays for damage to fences, tool or storage sheds, swimming pools, freestanding garages, guest cottages and other structures not attached to your home.  If you add these types of items after purchasing please make sure you update your agent with the value of the new purchases. Your policy should be endorsed. Other structures coverages starts at 10% of the dwelling value. 

Coverage C Personal property coverage reimburses you for the value of your possessions including furniture, electronics, appliances and clothing, damaged or lost even when they aren’t on your property, such as those at an off-site storage locker or with your child at school or college. Any property away from the insured location may be subject to coverage based upon a limited percentage of value or depending on some policies at replacement cost. 

Some forms of personal property – such as silverware, computers, guns, money, expensive antiques, and jewelry – have limited coverage under your homeowner’s policy and may need additional insurance.  Additional and broader coverage may be added to your policy by purchasing an endorsement. 

Coverage D Additional living expenses or loss of use covers the additional costs of living incurred by a policyholder should they be temporarily displaced from their place of residence.

After a disaster you might not be able to live in your home while repairs are being made. Luckily, most home insurance policies cover additional living expenses or “loss of use” costs that you incur due to a covered loss. Expenses may include limited rental home or motel cost, restaurant meals and storage.

Some examples of covered expenses are hotel bills, apartment rent and meals at restaurants. Some policies will only pay for the difference between what your normal bills are and what you had to pay because of the disaster. For example, if you normally pay $400 for food every month and now you have to pay $600, the company will pay you $200.

This coverage doesn’t cover your normal expenses such as gas, electric, water, or your mortgage and it won’t pay for you to stay in a five-star hotel while your home is being repaired. Your additional living expenses will be covered at your temporary place for the shortest period of time required to repair or replace your home.

Personal Liability covers your legal defense if you are sued and financial loss if found legally responsible for injuries or damages to someone else. This coverage applies to you and all family members who live with you. 

Medical Payments pay for persons accidentally injured on your property or away from your property caused by a member of your family or your pets regardless of who is at fault. This coverage does not apply to your injuries or those of family members living with you or to activities involving your at-home business. It also doesn’t cover a vendor who is working on your home.  They should have their own insurance to take care of them. Call us to find out the questions to ask anyone who is working on your home.  They should provide certain documentation that they are covered. We will be glad to help you in any way that we can!(702) 541-0882 Call to get a Home or Renters Insurance Quote 

What would happen if a Natural Disaster happened to your home?

Ordinance of law coverage provides limited protection for costs associated with repairing, rebuilding, or constructing a structure when it was damaged due a covered cause of loss. Building codes get updated every three years. The process of updating model codes ensures new technologies, materials and methods, as well as better approaches to health and safety, can be incorporated into the next generation of buildings. If you live in an older home and experience a loss, for instance, you may be more likely to have to upgrade to current building codes compared to living in a newer home that already meets up-to-date requirements. 

There are two types of coverages that fall under ordinance or law insurance:

1. Cost to upgrade: In the event your home is fully or partially destroyed by a covered loss event, ordinance or law coverage will help to cover the costs of updating your house to ensure it meets current building codes. 
2. Rebuilding expenses: If your home needs to be replaced, repaired or upgraded after a loss, ordinance or law insurance will help pay for the efforts needed to meet current building laws or ordinances.

If your home is older, it is important to consider building ordinance coverage. Building codes change periodically, so if your house is badly damaged and you are forced to rebuild all or part of the home you will need to make sure that all the new areas that are built are up-to-code—and this can cost you. A few companies offer policies that will pay for you to have your home rebuilt to code if it’s destroyed.

Endorsements cover your special personal property. If you have especially expensive items, like jewelry, furs or expensive equipment, or art, you may need to purchase an additional type of coverage, called a floater or endorsement. This will allow you to insure each expensive item individually or as a collection based on what the item is worth. Homeowners policies cover person items such as guns, jewelry, business assets, waterbeds, earthquake and flood coverage, paintings, antiques, collections, etc. Peace of mind is knowing that your insured property is properly insured Now. 

It's important to protect your home with insurance and, if your home happens to be on wheels, there are some special considerations. Much like choosing the right mobile home, you want your mobile home insurance to fit your needs and lifestyle, but you also want the coverage to fit within your budget. Manufactured homes, once commonly referred to as mobile homes, are built in a factory and moved to a chosen location. They aren't much different than a site-built single-family home. 

Here are some guidelines for choosing mobile home insurance.

Insurance coverage for mobile and manufactured homes is usually similar to a standard homeowners policy, offering coverage for the home, your personal property and liability claims. The two basic coverages typically included in mobile home insurance policies are for physical damage and personal liability. 

Physical damage coverage pays for accidental damage to your mobile home, belongings or other structures (such as attached patios or decks, garages and storage sheds) resulting from fire, hail, wind, theft and vandalism or falling objects. The amount and degree of coverage varies from one policy to another, so make sure to compare policies carefully. Also note that, like regular homeowners insurance, flooding is not covered. If you are in a flood zone, you can purchase separate flood insurance.

Personal liability coverage protects you when there is a claim or a lawsuit against you after someone is injured or their property is damaged because of your activities. Claims might include medical expenses, lost wages, or pain and suffering.  

Get a Manufactured Home Insurance quote today by calling (702) 541-0882.