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Protect your dream home and finances against future uncertainties with tailored home and property insurance plans from the most competent property insurance providers.

How is owning a reliable home insurance policy beneficial?

Countless Americans invest years of savings and hard-earned money in acquiring a dream home. That could be the case because a house is often the most expensive property any of us will ever own. A thoughtfully appointed home and property insurance policy can shield your dreams and financial security in the event of property damage.

Property insurance policies are designed to reimburse you for the losses befalling to your private residence or personal property and its contents, in case of a burglary, accident, or a disaster.

Looking for a home insurance agency you can depend on?

At Pathak Insurance, we first determine how much house insurance coverage you need. This includes tracking the inventory of your properties and their belongings, both inside and outside, including high maintenance items like swimming pools; calculating the possible cost of rebuilding your home in case of damage by consulting a real estate agent. Next, yourself, with our specialist advisor will collectively decide which insurance package best covers all that is necessary to protect your home. Premiums will fluctuate, we will assist you in deciding which is most suited for you.

Home insurance providers offer additional discounts of up to 10 to 20 percent when you combine two or more policies. Know how bundling your property and auto insurance plans can offer price benefits and deductions.

MORE INFORMATION ON PROPERTY INSURANCE

Buying a property insurance policy may appear daunting, but with the right guidance of a dependable insurance agent, you can make an informed choice. An ideal home insurance policy can offer a combination of the following coverage to the best of your needs.

Dwelling Coverage

Dwelling coverage covers a majority portion of your property coverage and pays for the cost of rebuilding or repairing your home in the event of damage caused by covered perils like theft, fire, hail, or rain. Losses occurring because of catastrophic events like floods and earthquakes, and even homeowners’ maintenance and plumbing expenses may not be covered and might require a separate policy.

An experienced insurance agent can help you make an informed choice about personal property insurance with guidance about the hidden conditions and points of consideration as you select a policy for your home. For example, the amount of dwelling coverage that you purchase should be equivalent to the cost of rebuilding a home in the event of complete loss, and not the market value of the home, including the value of the land. Settling your dwelling insurance is a necessary precursor to buying personal property coverage as all other coverage options offered under this insurance are dependent on your dwelling coverage.

Other Structures Coverage

Your property insurance policy arrives as a complete package with typically 10% of the total dwelling coverage as coverage to protect other structures like fences, garages, sheds, and any other structure in your yard that houses the central structure. Protection under the Other Structures Coverage can only be availed in case the loss is caused by a covered peril. If you have more than one “other structure” that needs coverage, additional premium charges might apply. Connect with us to know how to segregate your dwelling insurance coverage.

Personal Property Coverage

Personal Property Coverage is also referred to as the Contents Coverage. This portion of your home and property insurance offers protection against the cost incurred to replace your personal possessions or the contents of your home if destroyed or damaged in lighting, fire, rain, or any covered peril. A little more than half of your total dwelling coverage, in percentage, is assigned for the loss of personal property. This amount, however, is flexible and we, at Pathak Insurance will guide you to reach an optimum value by studying your belongings and bucketing your dwelling insurance coverage as per your needs.

Loss of Use / Additional Living Expenses Coverage

In the event of theft or vandalism or because of any natural cause that destroys or damages your property, you might have to seek a temporary living arrangement till the house entails repairs. Loss of Use coverage pays for such expenses, to enable the maintenance of your standard of living even in case of a disaster. Certain conditions need to be followed to gain maximum benefit from this coverage. Chat with us for specific coverage information.

Personal Liability Coverage

Whether it’s for your children accidentally damaging the neighbor’s fence, or a mailman injuring himself after a misplaced step at the faulty footsteps of your porch, you can be faced with legal charges by the other party alleging that you’ve caused injury or damage to them. By incorporating a Personal Liability Coverage, a home and property insurance policy provides a financial cushion that safeguards your financial well-being by protecting you and your family members from similar lawsuits slapped on to you by a third party. Not all lawsuits are covered under this protection, and you may need a dependable insurance agent to guide you with the possible coverage options that give you maximum coverage.

A branch of personal liability coverage is the Personal Injury Coverage, also known as the Umbrella Liability Coverage. This insurance coverage protects the insured from lawsuits filed for defamation, false arrest, wrongful eviction, and other such advertising injuries.

Medical Payments

A standard home and property insurance policy can also cover medical treatments and related expenses if someone is injured on your property and chooses not to sue you. This is called a Medical Payments Coverage and often referred to as MedPay. An insurer can use MedPay to pay for the medical costs of such non-lawsuit injuries. The coverage value can be flexed based on your perceived need and protection. Certain injuries, however, cannot be paid for using a MedPay, including in the case of transmission of communicable diseases, abuse of any kind, and all activities related to controlled substances.

Claiming for a property insurance policy can be quite a task. Thankfully for us, it is just one more task. Therefore, even when it comes to claiming for your home insurance when needed, you will have our endless assistance throughout the process.

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Testimonials

Namita Shah
Kiddie Academy of Gaithersburg

As a small business owner balancing various tasks towards the smooth functioning of our business operations, we have been fortunate to cross paths with Pathak Insurance. The team was able to recommend plans that suited our business and employee needs and effectively able to get our health insurance plans in place. This had proven to be a struggle with past insurance agents and companies. Parth took the time to carefully understand our needs. The plan provisions have proven to be an effective recruitment and retention tool for us. We have since expanded the plan offering at our second location as well. The level of service and responsiveness remains unchanged, timely and professional. We continue to enjoy the working relationship, one which is personalized to each client’s needs.

FAQ

How much homeowners insurance do I need?

The cost of your home and property insurance can be flexed as per the property coverage you want, including the cost of the property and the things inside, expenses incurred on account of repairs, or the additional expense of moving to temporary accommodation. For a detailed quote, contact an independent insurance agency.

In case of a mortgage, who decides where to purchase the home insurance policy from - the resident or the mortgage lender?

As long as the coverage policy meets the basic requirements set by the mortgage company, you can take the sole responsibility of choosing a home insurance policy that suits your requirements and budgets.

What does homeowners insurance cover?

Homeowners insurance policy can cover for losses arising because of rebuilding or repairing your home in the event of damage caused by covered perils like theft, fire, hail, or rain. Losses occurring because of catastrophic events like floods and earthquakes, and even homeowners’ maintenance and plumbing expenses may not be covered and might require a separate policy.

Can any of the homeowners property policies protect my pet?

A typical homeowners insurance policy may not protect your fish, cat, dog, or any other pet even if it resides with you. Specialized add-on pet coverage may be required, which pays for final expenses, including veterinarian expenses of a certain amount.

I have purchased property insurance, do I still need an umbrella liability?

Uncertainties are called that way for a reason. One can never foresee the scale at which they will occur and the damage they bring to our financial well-being. While a property or homeowners insurance can protect your losses up to a certain extent, it is always advisable to go for an additional umbrella liability coverage for higher protection.

Why should I consider buying a personal liability coverage?

Personal liability coverage provides a financial cushion that safeguards your financial well-being by protecting you and your family members from lawsuits slapped on to you by a third party if you are at fault.