Your house is more than just a dwelling; it is the place you call home. Purchasing homeowners insurance is not only important, but it is essential to protecting your house and your belongings. After all, your house is probably your largest investment. You would not want to risk losing it due to a lack of coverage.
It only takes one major claim to unravel years of financial savings and progress. For example, you could be out thousands of dollars replacing a roof damaged by a fallen tree. If a house guest becomes injured on your property, the bill could soar even higher – especially when legal fees, medical bills, and pain and suffering are factored in. Without the right homeowners insurance protection, you could be forced to liquidate your financial assets and even have future wages garnished in order to make up the difference.
Homeowners insurance policies typically include multiple types of coverage in one, customer-friendly package. A policy typically includes:
Dwelling and Property Insurance
This is coverage for the physical structure of your home and any detached buildings, such as a barn or garage. Dwelling insurance will pay for either the replacement or market value of your home if it is damaged or destroyed as a result of a covered event.
Personal Belongings
Whatever you keep in your home – fine jewelry, expensive art, or an old coin collection – your personal belongings coverage can help protect it. While some items, such as your furniture and wardrobe, are generally covered, you may need to take inventory and schedule your more valuable possessions.
Liability Insurance
There is no need to fear litigation when you have complete liability insurance protection from your insurance carrier. Liability can help protect you when someone becomes injured or suffers a loss as a result of an accident on your property or the behavior of your child or pet. Liability can pay for a wide range of covered expenses, including your legal defense fees, medical payments, pain and suffering, lost wages, and more.
Emergency Relocation
When the unthinkable happens, the last thing you want to worry about is finding an emergency home for your family. Security is essential after a disaster, and that is why your homeowners insurance can include payments for food and shelter while your home is being rebuilt or repaired.
Insurance for Nearly Any Situation
Though exact coverage will vary between insurance carriers, homeowners insurance generally includes protection for several different events, including:
- Fire
- Theft and Vandalism
- Burst Pipes
- Falling objects
- Explosions
- Wind damage
- Hail damage
- And more
In addition, extra coverage may be available for other events, such as earthquakes and floods. Talk with your independent insurance agent about add-on features before purchasing your Green Bay homeowners policy.
Here at Pagel & Associates Insurance, we help Green Bay homeowners find complete, affordable coverage by comparing rates from several of Wisconsin’s leading insurers. As an independent insurance agency, we are enthusiastic about helping our customers save money and finding every possible discount to achieve lower premiums. We can help you find a policy and carrier that acknowledges your spotless claims history, rewards your home’s safety features, and compensates you for your loyalty. For more information or to request your free homeowners insurance quote, contact our office today. We look forward to serving you soon.
