Home Insurance in Washington
You have made a large investment by purchasing a home. Sleep soundly with the protection of a Homeowners Insurance policy from Michelman Insurance Group! Homeowners insurance protection is crucial when owning a home. A homeowners insurance policy is also commonly referred to as hazard insurance.
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Having homeowners insurance, or hazard insurance, guarantees you are compensated for covered losses to your home and your possessions inside it. Purchasing a homeowners policy provides added protection for your biggest investment. Home insurance also gives coverage if you’re found to be liable for someone’s injuries on your property. Also included is coverage for financial losses caused by storms, fire, theft and other covered losses outlined in your policy. Call Michelman Insurance Group today to get a policy started.
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Familiarize Yourself With Common Homeowners Insurance Terms:
B- Other Structures on Your Property
C- Personal Property/Contents
D- Loss of Use
E- Personal Liability Protection
F- Medical Payments
Dwelling coverage protects your home’s structure against the damage and possible loss from a covered event such as wind, hail, lightning or fire. This part of your insurance policy will pay to replace the home’s structural components. Earthquake, Flood and Landslide coverages are excluded. There are separate policies for these exposures. Call a Michelman Insurance agent today to discuss options.
Other Structures such as detached garages, buildings or sheds on your property are also protected by a standard homeowners policy. Typically, the coverage for other structures is 10% of your dwelling coverage although higher amounts are available if you wish to purchase them.
Personal Property comes standard with a homeowners insurance policy and protects your items within your home or on your property should they be stolen, lost in a fire or otherwise damaged by a covered loss. These items include, but are not limited to clothing, furniture and other personal items.
Loss of Use will provide you with living expenses in the event your home is not livable due to a covered loss. This type of coverage will usually cover the cost of a hotel, restaurant bills and other living expenses while your home is being repaired.
Personal Liability Protection shields you and your assets against any lawsuits filed for damages due to negligence. For example: If there was a large crack in the concrete walkway leading to your front door that needed to be filled, but the resident neglected to do so, and then subsequently someone trips on the crack, injuring themselves and sues you, that’s when Personal Liability Protection would be applicable.
Medical Payments coverage pays for medical and first aid expenses for non-household members in the event of an injury caused by your activities on your property. An example: your child has a friend visiting, and the friend falls and sprains his ankle. The medical treatment is $550. Your insurance carrier would rather pay for this loss, regardless of fault, to promptly rectify the situation, instead of letting things escalate to a large personal liability claim.
Contact our agency for a home insurance quote today!