Homeowners Insurance

Homeowners insurance is the best way to protect one of your most valuable assets, but finding the best coverage can be tricky. The team at Cook Insurance is here to help you navigate your insurance needs and simplify the insurance-buying process to bring you peace of mind.

What Does Home Insurance Cover?

A standard homeowners insurance policy insures the home’s structure and the possessions inside. It is typically a package policy, which means it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to others.

Let’s take a look at each aspect of coverage in more detail:

·       Property protection—This portion of your policy pertains to the physical components of your home, such as the home’s structure and your belongings inside.

o   Dwelling: This helps offer protection against damage to the structure of your home, including fixtures, plumbing and heating, due to a covered loss such as a fire or hail storm.

o   Other structures: This helps offer protection for detached structures on your property, such as a garage or shed and fixtures attached to the land such as a driveway, sidewalks, patio, fence and swimming pool.

o   Personal property: This helps cover the contents and personal items in your home, such as furniture, clothing and sporting goods. It also typically extends to your personal belongings anywhere in the world. We can provide you with a home inventory checklist to help you quickly and easily itemize your belongings.

o   Loss of use: If a covered loss like a fire forces you from your home, this coverage helps with expenses over and above your normal living expenses while you cannot live in your home, up to the policy limit.

·       Liability protection—This portion of your policy covers against lawsuits for bodily injury or property damage that you or family members may cause to other people. It pays for both the cost of litigation and any court awards, up to the policy limit. It covers you whether you are at home or away. If a visitor is injured in your home, medical payments coverage allows the person to submit medical bills directly to your insurance company. Expenses are paid to the injured person up to the policy limit without a liability claim being filed against you.

Your Cook Insurance agent can help you determine what types and how much coverage you may need. If you have luxury items or finishes within your home, you may need to secure additional coverage. We’ll walk you through all of your coverage options.

How Much Home Insurance Do I Need? 

Most mortgage lenders require homebuyers to purchase homeowners insurance before approving loan applications. Generally, they will require you to obtain at least enough dwelling coverage for your home’s replacement cost value. 

What does home insurance cost? 

Multiple factors could influence the cost of your home insurance, including: 

• The value of the home 
• The home’s location 

• Your credit score 
• Security features in the home 
• Your chosen policy and coverage limits 

Our agents are committed to helping clients get the customized policies that are perfect for them. We look forward to working with you to determine how to get your home the best coverage. Give us a call today at 480-986-4400.