Homeowners Insurance
Your home is more than just a building; it’s a sanctuary filled with cherished memories and valuable possessions. Safeguarding this investment is crucial for financial security and peace of mind. Our insurance agency understands the unique needs of homeowners and is dedicated to helping you find the right coverage to secure your home and belongings.
What Is Home Insurance?
Home insurance is designed to help cover your property and possessions after damage or loss due to unexpected events. It may also offer liability coverage if someone is injured on your property. A typical home insurance policy may include the following:
- Dwelling coverage may help pay for repairs or rebuilding if your home is damaged by covered perils such as fire, windstorms or vandalism.
- Personal property coverage may assist in replacing belongings like furniture, clothing and electronics if they’re stolen or damaged in a covered event.
- Liability protection may offer financial support if someone is injured on your property and you’re found responsible
- Additional living expenses coverage may help cover costs if you need to live elsewhere while your home is being repaired after a covered loss.
How Home Insurance Deductibles Work
A deductible is the amount you agree to pay out of pocket before your insurance coverage kicks in for certain claims. Here’s how home insurance deductibles typically work:
- Choosing your deductible—When purchasing your policy, you select a deductible amount. Higher deductibles often result in lower premiums, while lower deductibles may mean higher premiums.
- Claim process—When you file a relevant claim, you pay your deductible first. Your insurance may then cover the remaining amount, up to your policy limits.
- Per-incident basis—Deductibles usually apply to each relevant claim, not annually like health insurance.
- Types of deductibles—Some policies may have different deductibles for different types of claims (e.g., wind/hail damage vs. other perils).
Secure Your Home Today
Don’t leave your home vulnerable to the unexpected. Contact The Sims Group Insurance Agency today to learn more about our tailored home insurance solutions. Our experienced team will work with you to assess your needs and help you choose the right coverage and deductible for your situation.