Looking for a homeowners insurance in Sagamore Hills?
If you’re like most homeowners, your home is your most valuable asset, and should be protected as such. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands the importance of the place you call home.
Insuring the place you call home can protect you from a financial disaster. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.
Graziano Lorince Insurance can help you find the best policy to meet your needs and with a custom plan at a price that meets your budget.
What you Need to Know about Homeowners Insurance
Dwelling– This is another fancy word we use in the insurance world for your “home”. The building at it’s core is what will be covered under this coverage. It will pay for damages and/or total loss of your home in the event you have a loss.
Personal Contents– A great way we describe this to our clients is if you flipped your house upside down… everything that were to “fall out” would be considered personal contents. Anything that stays in… Dwelling. This is going to cover items such as furniture, appliances, or your clothes if they are damaged, stolen, or lost in a claims situation.
Medical Payments Coverage– In the State of Ohio this coverage would cover medical bills for a person hurt on your property.
Liability Coverage– Protects your family from financial risk if they are found negligent or legally responsible for another parties injuries or damages while on your property. This coverage is often overlooked because the minimum in Ohio to have is 100,000. Make sure to review this coverage with your agent and make sure you have enough. 100,000 might seem like a lot however in most cases where you are found negligent or being sued… it’s gone before you know it.
Loss of Use– This coverage is going to pay for additional expenses incurred due to you being unable to reside in your residence due to a claim. A great example of this is if you had a complete fire loss on your home and needed to live in a hotel if your policy had this coverage (most include approximately 10-20% of your dwelling coverage unless specifically mentioned differently) your insurance policy would pay for you to reside in the hotel and/or other expenses you might have from not being able to live in your home.
Endorsements & Additional Coverages
The other important thing to keep in mind is there are additional coverages you may want/need on your homeowner’s insurance policy. A good idea would be to call your us to find out if any of the below coverages would be of value to you.
- Scheduled Jewelry/Fire Arms/Fine Arts Protection
- Extension to a Secondary Residence
- Identity Theft Coverage
- Water Back Up of Sewer or Drains
- Tree Removal Coverage
- Mold Limited Fungi Coverage
- Watercraft/Jet Ski Coverage Option
- Business in the Home
There are many other endorsements, but the one’s listed above in the State of Ohio are common endorsements you see on a lot of homeowners insurance policies.
The “5 Top Tips” when purchasing your homeowners insurance policy
- Your agent should have done an estimated replacement cost. This is where together we would determine the minimum cost to replace your home . This is a key component in making sure you are adequately covered.
- FLOOD INSURANCE IS NOT INCLUDED
- EARTHQUAKE COVERAGE IS NOT INCLUDED
- Pick a deductible that works for your budget and your family
- What happens if you need to file a claim? Make sure you have a plan in place with your agency team.
Just remember… when purchasing your homeowners insurance policy it is important to ask questions if you have them.
You are never a bother and at Graziano Lorince Insurance we will share every piece of information with you so that way together we can make the best decision for your family.
Note: if you are looking for homeowners insurance for a rental property, or home that is vacant, you cannot use a traditional homeowners insurance policy, instead you will need a special type of dwelling policy, yes, we can help you with that too!
No matter where you live in Ohio, we can help! The ideal would be to show us the policy you have now so we can explain what you have or don’t have in simple non-insurance terms and we will summarize the difference between what you have and what we are offering.
