Home insurance in @@statename

It depends on the value of your home’s physical structure and the value of all of your personal property (e.g. furnishings, clothing, appliances, entertainment systems, etc.). Our agents will assist in calculating the value of your home through our home insurance rate calculator, which helps determine the limit needed for your policy. 70% of that value is also available for your contents and personal belongings, while 10% of that value is available for coverages for detached structures (like garages, sheds etc.) Take a thorough inventory of your possessions to ensure you have an accurate value. There are limits and exclusions that apply to your personal property, so be sure to check with your insurance company about how much coverage is right for you.

• Replacement cost – the size and composition or your home as well as your contents are the factors that will impact the cost to replace your home and belongings.
• Where you live – if your neighborhood is more prone to break-ins, you may pay more for insurance. Proximity to a water source such as a fire hydrant or fire station.
• Age of roof – newer roofs (within the last 20 years) are preferred by insurers.
• Heating – there is far less risk with forced-air gas furnaces or electric heat than oil tanks. Oil tanks have the potential to cause costly environmental hazards. Improperly installed wood stoves are a source of house fires and carbon-monoxide poisoning.
• Electricity – there are several factors such as:
  • whether you have breakers or fuses
  • the type of wiring you have (breakers pose less risk than fuses; knob and tube wiring can increase the chance of fire)
  • Pipes – older plumbing (galvanized or lead pipes) is more prone to cracking, leaking or other problems.
  • Other factors – insurers will also take into account whether you have a monitored security system or fire alarm. They’ll also ask about swimming pools and other structures on your property such as a storage shed.

You may be renting, but all of your furnishings, electronics and other personal belongings are certainly valuable to you. Tenant insurance not only covers your personal possessions, it also provides personal liability coverage in case someone is accidentally hurt while visiting you. It also provides coverage if you accidentally cause damage to the rental property.

Yes, but for limited amounts of coverage. You may want to consider buying a Personal Articles Floater which provides all risk coverage for theft. This will also reimburse you for misfortunes, like a stone that falls out of a ring.