A home is an important purchase, not just because of its sentimental value, but also because of its intrinsic value. Chances are you have a lot of wealth tied up in the property you own, and it only makes sense that you would protect your investment with high-quality home insurance from Doug Hansen Insurance. Whether you live in a modest family home, a high-end luxury home, or even have a vacation home, we have the coverage you need to protect your income and assets against loss.
Types of Home Insurance Coverage
A typical homeowners insurance policy contains a wide range of coverage types. Together, they help minimize your risk exposure and work to keep more money in your pocket if you are ever hit with a lawsuit, theft, or major damage to your home. Your homeowners policy may include:
Did you know you can be held responsible for the safety of anyone who comes onto your property, including trespassers? If you have safety hazards around your property that could pose a danger to others, you could be sued for negligence if a guest is injured. Liability insurance includes medical payments coverage to help cover the cost of a victim’s injuries. If you are sued, your insurance can also take care of legal fees and any judgments made against you.
In most cases, liability insurance includes coverage that starts around $100,000, but may go up to as much as $300,000 or $500,000. If that still is not enough to protect your income and assets against a major lawsuit, talk to an agent here at Doug Hansen Insurance about adding additional personal liability protection through an umbrella policy.
If your home or one of its attached or unattached structures is damaged by a covered event, such as a fallen tree, high winds, or a fire, property damage coverage helps pay for repair or replacement of your loss minus the cost of your deductible.
Like property damage coverage, personal belongings coverage helps pay for repairs or replacement of the contents within your home after a covered event. From your furniture and clothing to your textiles and kids’ toys, personal belongings coverage can help pay for a wide range of losses.
Personal Belongings Riders
If you have high-value personal belongings, talk to an agent here at Doug Hansen Insurance about adding a personal belongings rider to your policy. Since traditional home insurance limits coverage for certain types of belongings to between $1,000 and $2,000, you might need extra protection for your firearms, fine jewelry, high-end art, and furs.
Loss of Use
Sometimes homes are so badly damaged, they cannot be inhabited until they are fully repaired or rebuilt. If you are suddenly without a house to live in, your coverage could help pay for temporary living costs like lodging, meals, and even laundry expenses.
Home Insurance Quotes
As residents of South Eastern Wisconsin ourselves, we understand the risks you face each day as a homeowner. We also know there are individualized factors that can affect your coverage needs, such as the type of home you have, its location, your claims history, your home’s safety features, and whether or not you smoke. Our goal is to find quality coverage that fits your unique needs and minimizes your financial vulnerability to risks.
For more information or to request your home insurance quote, contact our office today.