Your home is probably your most valuable asset. Not many people realize that it is also a huge financial risk for you.
For most people, home insurance is a mystery. Most home policies are purchased as a prerequisite for mortgage without understanding the protection it provides. And often, consumers don’t understand what their policy does NOT cover and what to do about that.
Not all homeowner insurances are created equal. In fact, almost none of it. There are thousands of different products out there, from hundreds of insurance companies. And your policy includes literally dozens of options and decisions you must make that determine how much insurance protection you actually have. Your home policy is not a commodity. It’s something tailored specifically to your needs and desires.
Your home policy protects you in following ways. You’ll find these listed on your policy’s “Declarations” page. Here’s what they mean to you.
A Personal Umbrella Insurance policy provides coverage for liability exposure. It protects you against a claim when your personal liability limits are exhausted, and you are faced with a lawsuit.
If you are at fault in home insurance claim, you are responsible for payment after your personal policy liability limits are exhausted, and that could mean financial disaster. A claim worth million dollars can add up easily if victim of an accident sue you for medical bills. The claim amount can quickly pile up if the injured person suffers injuries that keep him or her from working for weeks, months, or years.
Speak to our agents about your particulars to get coverage that works for you.A few of the companies we represent include: Travelers, Safeco, MetLife Home, Kemper, Mercury, Lincoln Financial, Dairyland, Foremost, and many more.