Home Insurance in Evansville & Newburgh, IN
As the old saying goes, your home is your castle. It’s your security, your treasure, and your shelter. And if you want to provide protection for your family’s castle, homeowner’s insurance is your best choice.
Your home and its contents probably represent a large part of your family’s financial security, and it can be wiped out in a flash by fire, flooding, storms, theft, or other disasters. Even if you rent or lease a home, you need protection for your furnishings, electronics, and other valuables, so it’s important to consider renter’s insurance. And whether you own or rent, your insurance policy will provide liability protection in case of accidents or other unforeseen events that might occur on your property.
Read on to find out more about protecting your home and valuables; then contact your Schultheis Insurance Agent in Evansville to get a quote on the homeowner’s or renter’s insurance policy just right for you. Because of our association with some of the finest insurance providers in the nation, Schultheis Insurance in Evansville, IN is able to provide the coverages that are best suited to your needs.
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Why Do I Need Homeowner’s Insurance?
Homeowner’s insurance protects you against risk factors related to your dwelling. This refers to the house in which you live as well as attached garages, sheds, storage areas and similar buildings on the property where your home stands. Homeowner’s insurance also covers loss of your personal property – things you own in or around your home, such as furniture, clothing, electronics, and collectibles. However, if you own valuable jewelry, firearms, collections, antiques, and some other types of items, you may need an additional coverage – called a rider – to protect you in case of losses of these more valuable possessions.
In addition to providing protection for your home and possessions, your homeowner’s insurance will protect you from liability losses if someone is injured on your property and you are found to be at fault.
Your homeowner’s insurance policy may also provide for alternate living arrangements if your home is damaged and you cannot live in it during repairs or rebuilding.
In addition to standard homeowner’s insurance, you may want to consider other coverages depending on your risk profile. Some of these coverages include earthquake, coal mine subsidence, and flood insurance.
Your Schultheis Insurance Agent can help you evaluate your need for coverages and locate the most cost-effective coverage for you and your possessions.
What Type Of Policy Do I Need?
If you own or are buying your home, you need a homeowner’s insurance policy to protect the value of your real estate and possessions. You should have replacement cost coverage which will pay to rebuild your home, as it is, at the market costs prevailing at the time of your loss.
You should also consider additional policy coverages, or riders, to protect more valuable items on your property or to protect in case of damages not covered by standard insurance.
If you rent your home or apartment, you don’t need homeowner’s insurance because the owner of the property should cover risks to the house or apartment. However, you may want to have a renter’s insurance policy that will help you replace your personal property in case of fire, flood, theft, or other loss.
Similarly, if your property is part of a condo community, your condominium association will carry insurance on the property itself, and part of your expense of living there will include a share of the premiums for that insurance. However, you should carry insurance for your own personal property and liability.
Your Schultheis Insurance Agent will be able to identify your needs and match you with providers who will best meet your needs at the most effective cost.
How Much Coverage Is Needed?
Because of market fluctuations and the disparity of home values in various regions, there is no one value level of insurance that is right for all homeowners. Your Schultheis Insurance Agent can help you determine policy coverage that will protect you against losses and allow you to repair and rebuild to the same level you currently own.