|
|
Why Buy Homeowners Insurance?It is wise to protect you, your family, your house and personal property. Homeowners insurance will give the financial protection needed to bring you and your family back to your current standard of living as fast as possible after a disaster or emergency. It is also important to get protection against liability for accidents that result in injury of other people or damage to their property. Tenants can also protect their personal property with insurance from Bell Insurance. Just take the time to fill out the short form at the bottom of this page and a Bell Insurance Agent will call to assist you.
How Much Homeowners Insurance Do I Need?
- Property Protection: The better your coverage, the less you will have to pay out of your own pocket if disaster strikes.
- Self Protection: You need enough liability coverage to protect yourself from lawsuits resulting from your negligence.
- Lender Requirements: Your lender may require you to cover the house for at least the amount of the mortgage or the replacement cost of the dwelling. You are not required to purchase insurance from the insurer recommended by your lender.
- Policy Requirements: Insurers may impose some coverage requirements for replacement cost protection. Preferred plans usually require policy limits at 100% of replacement cost. Standard plans usually require policy limits of at least 80% of replacement cost.
What Affects Homeowners Insurance Prices?
- Type of Construction: Frame houses usually cost more to insure than brick.
- Age of House: New homes may qualify for discounts. Older homes may not qualify for preferred programs. Older homes are usually required to have updated heating, plumbing, wiring and roofing.
- Local Fire Protection: Your home’s distance from a fire hydrant and the quality of your local fire department determine your fire protection class.
- Amount of Coverage: The amount of coverage you buy for your house, contents and personal liability will affect the price you pay.
- Deductible Amount: Your choice of a higher deductible will reduce the price for homeowners insurance.
- Discounts: Insurers offer lower prices for such things as insuring your home and car with the same company and installing dead-bolt locks or alarm systems.
Contact Me About Home Owners Insurance
|
|
|
|
