When purchasing a home, your lender will require home owners insurance. Additionally, being a homeowner comes with a long list of risks you must protect against. From accidents happening on your property, to property damage from weather, a homeowners insurance policy will protect you.
It has never been more important to have auto insurance that has you completely covered. Far too many drivers have the minimum coverage, which could leave you paying out of pocket even if you are not at fault. Having uninsured/underinsured coverage as an endorsement on your auto policy is essential.
Often times, the liability limits on your home and auto insurance are not enough. You can increase these limits by adding an umbrella insurance policy. When purchasing an umbrella policy, it is vital to consider your net worth, as you will want to have at least a one-to-one ratio with your liability limits and your net worth.
If you are a landlord or have a second home, you will need a landlord/dwelling insurance policy. This coverage helps pay for repairs to a rented property that is damaged by fire, wind, hail, lightning, and other covered perils.
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This is always a concern for homeowners as the costs to rebuild are on the rise. We have a replacement cost software we use that has current data
These are the minimum limits required by the state in which you reside. These limits cover the bare minimum, and are why drivers who can, should have the underinsured/uninsured motorists endorsement on their auto policy.
Umbrella insurance extends the limits of liability of your home and auto policies. If you get in an at fault auto accident, or you are held responsible for an incident that is a covered personal liability, and the damages are more than the limits of your auto or homeowners insurance, then the umbrella insurance will cover the amounts beyond those limits, up to a set limit.
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