Need A Homeowners Insurance Rate comparison?
If you’re like most homeowners in Springfield, your home is your most valuable asset, and it should be protected. When your home is damaged or destroyed, you need a insurance company that understands how important your home truly is and how valuable your homeowners insurance policy is.
Millennium Brokers can help you find the best homeowners insurance that will provide the best combination of coverages, top quality service and competitive Rates.
Regardless of whether you live in Springfield or any other part of Missouri, Arkansas or Kansas homeowners insurance is one of the most important insurance policies you could ever have, next to life insurance.
It’s important to understand that no two homeowners insurance policies are created equal. Furthermore homeowners insurance companies offer different levels of coverage, different endorsements and riders, and have different conditions and limitations.
Springfield Homeowners Insurance
If you’re not using an independent agent in Springfield, it can be hard tell the difference between two homeowners insurance policies.
Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other events. Homeowners Insurance can also cover you in the event a guest is injured while on your property and wins a legal judgment against you.
Homeowners insurance policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that covers losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specified losses.
Common Homeowners Insurance Coverages
These are some common coverages we typically see on a homeowners policy:
Dwelling — This is the portion of your policy that covers the actual structure (main house). The cost to replace your home can fluctuate from time to time based on the cost of raw material and labor, and of course, supply and demand.
We’ll run a replacement cost analysis on your home to see how much it would actually cost if the worst happened and you had to rebuild.
Other Structures — This covers any structure on your property that is not permanently attached to your house, like fencing, driveways, sidewalks, and detached buildings like sheds and garages. Usually this coverage is 10% of whatever your Dwelling limit is, but can be increased if you need more coverage.
Personal Property — This covers all of your personal belongings like clothing, furniture, electronics, and appliances. Basically anything that would fall out of your house if you turned it upside down and shook out the contents.
Loss of Use — This covers your additional expenses you may have out of pocket to live somewhere else temporarily because your primary home is uninhabitable due to a loss.
Other Homeowners Insurance Coverages
Medical Expense —This can provided limited medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.
Family/Personal Liability — Personal Liability Coverage typically applies if someone is injured or their property is damaged and you are to blame. When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued. In some situations, an Umbrella policy may be necessary to provide extra coverage.
Scheduled Personal Property — Most homeowners polices limit coverage for items like Guns, Jewelry, Rugs and Silver. Many policies have the ability to add high value items on though a ‘rider’ or ‘floater’ that will provide coverage on a blanket, covering a whole collection, or though scheduling or listing each item for its value.
How to get started with your homeowners insurance quote
Every home is unique, and therefore requires a carefully crafted policy.
If you’d like us to review your current policy and provide you with no obligation quotes, call our office, or easily start your quote below;